Cryptocurrency exchange FTX owes over $3B to creditors

Bahamas-based FTX filed for bankruptcy on Nov. 11 after the exchange acknowledged that it had used customer funds to cover bad bets by Bankman-Fried's trading arm, Alameda Research.

What is Small Business Saturday? The annual post-Thanksgiving push for consumers to buy from small businesses

Big retailers often have the spotlight when it comes to holiday shopping, but Small Business Saturday, which happens on the Saturday after Thanksgiving, gives small businesses some time in the spotlight. Here's what you should know about the annual shopping event.

Student loan forgiveness: What to know if you've applied for relief

President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts. So what happens now?

Credit score change may help millions buy homes
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FOX 26 Consumer Reporter Heather Sullivan has some smart sense about what it could mean for some potential home owners.

2022 holiday sales expected to be slower than last year

The National Retail Federation, the nation’s largest retail trade group, expects holiday sales growth will slow to a range of 6% to 8%, compared with the blistering 13.5% growth of a year ago.

Here is your official tipping guide for the holiday season

Tipping early in the holiday season means people have extra cash to spend which may even include giving away their own holiday tips.

How much you can expect to pay for Thanksgiving staples this year

Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples.

TX House Speaker advocates investing massive state surplus in infrastructure
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The state's budget surplus is estimated at $27 billion and Phelan believes that number could rise to $30 billion soon after the legislature convenes in January.

Couple rebuilds homes to revitalize north Houston neighborhood
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A couple is taking a new approach to revitalizing a north Houston neighborhood by replacing two run-down old homes with new ones specifically designed to be Airbnbs. FOX 26 Consumer Reporter Heather Sullivan gives us a look inside.

Debt or disappointment? Tips for parents shopping amid inflation
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Parents are facing a predicament this holiday season. With record-high inflation, they have a choice -- debt or disappointment. Bobbi Rebell, personal finance expert with Tally, shares some advice.

IRS raises 2023 retirement savings cap
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The IRS just upped next year's retirement savings cap, giving more power to employees to save more money. Richard Rosso, director of financial planning at RIA Advisors, explains how to take better advantage of the increase.

Texas mother shares secrets to making $5 dinners every night
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As inflation has driven up food prices by 10% this year, Erin Chase, author of 5 Dollar Dinners shares her secrets to saving on groceries.

Amazon plans to lay off 10,000 employees: report

Amazon reportedly plans to lay off 10,000 corporate and technology employees as soon as this week. The move would mark the largest job cut in Amazon's history.

FTX bankruptcy filing: What's happening at the crypto exchange?

FTX is struggling to account for money that went missing hours after it filed for bankruptcy. Billions of dollars are unaccounted for right now.

Now that a federal court has blocked Biden's student loan plan, what happens now?

President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness has been blocked by a second federal court, leaving millions of borrowers wondering if they’ll get debt relief at all.

EXPLAINER: Where does the student loan debt plan stand?

President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness has been blocked by a second federal court, leaving millions of borrowers to wonder if they’ll get debt relief at all. Here’s where things currently stand.

FTX cryptocurrency exchange files for bankruptcy

Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week.