Average US mortgage rates hit 5.78%, highest level since 2008
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve raising its key rate in a bid to tame inflation.
Botched injection leaves woman in pain
FOX 26 Consumer Reporter Heather Sullivan speaks with one woman who suffered from pain following a botched injection.
Houstonians react to President Biden asking oil companies to produce more gas, cut costs
As gas prices continue to soar to $5 a gallon on average, President Joe Biden is blasting oil companies for record-high profits. The president is now asking refiners to produce more gas and cut costs.
Fed raises key interest rate in largest hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
Houstonians react to President Biden asking oil companies to produce more gas
As gas prices continue to soar to $5 a gallon on average, President Joe Biden is blasting oil companies for record-high profits. The president is now asking refiners to produce more gas and cut costs.
What the federal rate hike means for your wallet
The Federal Reserve has raised interest rates three-quarters of a point for the third time this year. FOX 26 Consumer Reporter Heather Sullivan explains what that could mean for you.
What the Federal Reserve rate hike means to your wallet
The Federal Reserve has raised interest rates three-quarters of a point for the third time this year.
Biden tells oil refiners: Produce more gas and diesel, fewer profits
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
Americans feeling the stress from inflation
Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.
What makes a bear market? Wall Street term explained
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Unretirement: 1.5 million people returning to work
FOX 26 Consumer Reporter Heather Sullivan has some smart sense on why some retirees are returning to work.
These electric vehicles are cheaper to own than gas ones now
Building electric vehicles is expensive, which is why their prices are high, and it's mostly about the batteries.
Bitcoin, other cryptocurrencies collapse, major crypto lender Celsius Network halts operations
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Average gas price in US jumped nearly 40 cents in recent weeks
The average price at the pump is nearly $2 higher than it was one year ago.
Gas prices hit $5 nationwide for the first time ever
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
Janet Yellen responds to Cardi B’s recession prediction: ‘I don’t have that much time for her’
Treasury Secretary Janet Yellen says she feels confident in the strength of the U.S. economy.
May inflation hits a 41-year high, according to Labor Dept. report
The Labor Department offered proof of what most of us already know: inflation remains historically high.
May inflation report confirms things are quickly getting increasingly expensive
The Labor Department offered proof of what most of us already know: inflation remains historically high. FOX 26 Business Reporter Tom Zizka breaks down the new numbers.
Biden blames pandemic, Putin as high US inflation persists
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
Out-of-gas calls on the rise, AAA says
In April alone, AAA received 50,787 calls from stranded drivers.