Prices go up while wages go down for Arizonans, according to figures
"For folks looking for an end to this pain, it’s not in sight yet," said one professor at Arizona State University, as rising prices and stagnant wages take their toll on the average person.
"For folks looking for an end to this pain, it’s not in sight yet," said one professor at Arizona State University, as rising prices and stagnant wages take their toll on the average person.
Inflation remains stubborn as AZ wages go down
The cost of living is rising while Arizona wages are down 3%, and people are cutting back on basic groceries and dining out. FOX 10's Ashlie Rodriguez has more.
The cost of living is rising while Arizona wages are down 3%, and people are cutting back on basic groceries and dining out. FOX 10's Ashlie Rodriguez has more.
Walmart to cut or relocate 1,000 jobs in efforts to compete with Amazon
Walmart is restructuring its staff to focus on expansion of AI and tech initiatives. The move marks a significant strategy to compete with Amazon and other retailers.
Walmart is restructuring its staff to focus on expansion of AI and tech initiatives. The move marks a significant strategy to compete with Amazon and other retailers.
Young Americans stand out for job market pessimism, data shows
Young Americans' confidence in the job market has plummeted significantly, falling well below the optimism levels of older generations for the first time in years, according to a new poll.
Young Americans' confidence in the job market has plummeted significantly, falling well below the optimism levels of older generations for the first time in years, according to a new poll.
Saudi Aramco CEO warns oil markets may not recover until 2027 due to Strait of Hormuz disruptions
Saudi Aramco CEO Amin Nasser says the global energy market has lost about 1 billion barrels of oil supply amid the Iran war's disruption to Strait of Hormuz shipping.
Saudi Aramco CEO Amin Nasser says the global energy market has lost about 1 billion barrels of oil supply amid the Iran war's disruption to Strait of Hormuz shipping.
CPI report: April inflation jumped at fastest rate in three years
As the war in Iran carries on, prices rose for Americans in April at the fastest rate since May 2023.
As the war in Iran carries on, prices rose for Americans in April at the fastest rate since May 2023.
These cities rank as the best places to start a career in 2026, according to data
For young professionals searching for a job in a crowded market, finding an opportunity may come down to the zip code you're in, which might improve your odds of securing a job based on a recent report.
For young professionals searching for a job in a crowded market, finding an opportunity may come down to the zip code you're in, which might improve your odds of securing a job based on a recent report.
Trump says he aims to suspend gas tax amid high fuel prices
President Donald Trump said on Monday morning that he aims to suspend the federal gas tax for a period of time to help address high fuel prices.
President Donald Trump said on Monday morning that he aims to suspend the federal gas tax for a period of time to help address high fuel prices.
April job cuts up nearly 40%: See which industries had the most layoffs
Job cuts last month increased by 38%, according to a recent report by Challenger, Gray & Christmas.
Job cuts last month increased by 38%, according to a recent report by Challenger, Gray & Christmas.
White House says Trump's drugmaker deals could save economy $529B over next decade
President Trump’s “most favored nation” drugmaker deals could save the economy $529 billion over the next decade, a new White House analysis estimates.
President Trump’s “most favored nation” drugmaker deals could save the economy $529 billion over the next decade, a new White House analysis estimates.
DOJ confirms antitrust probe of major meatpackers over beef price inflation
The Justice Department confirmed its active investigation of potential antitrust violations in U.S. cattle and beef markets, reviewing more than 3 million documents and interviewing industry participants as federal officials scrutinize whether highly concentrated meatpacking power has contributed to high beef prices.
The Justice Department confirmed its active investigation of potential antitrust violations in U.S. cattle and beef markets, reviewing more than 3 million documents and interviewing industry participants as federal officials scrutinize whether highly concentrated meatpacking power has contributed to high beef prices.
US restaurant sales fall as Iran war drives up gas prices
With pain at the gas pump reaching new highs due to U.S.-Iran tensions, many consumers are pulling back on dining out. Major restaurant brands report falling revenue as households pivot to cost-saving measures to offset rising daily expenses.
With pain at the gas pump reaching new highs due to U.S.-Iran tensions, many consumers are pulling back on dining out. Major restaurant brands report falling revenue as households pivot to cost-saving measures to offset rising daily expenses.
Clinique and M.A.C.-owner Estée Lauder to cut 3,000 more jobs, mainly at its stores
Estée Lauder revealed this week thousands of more job cuts are in the works as the company continues its restructuring effort. The announcement came Friday as the company also increased its annual profit forecast, sending shares higher in pre-market trading.
Estée Lauder revealed this week thousands of more job cuts are in the works as the company continues its restructuring effort. The announcement came Friday as the company also increased its annual profit forecast, sending shares higher in pre-market trading.
US national debt surpasses size of the economy for first time since World War II
The U.S. national debt has now surpassed the size of the U.S. economy, a historic threshold that hasn't been crossed since the conclusion of World War II.
The U.S. national debt has now surpassed the size of the U.S. economy, a historic threshold that hasn't been crossed since the conclusion of World War II.
Trump signs DHS funding bill, ending a record shutdown
The House approved a bill on Thursday to fund most of the Department of Homeland Security to end the longest agency shutdown in history.
The House approved a bill on Thursday to fund most of the Department of Homeland Security to end the longest agency shutdown in history.
Wireless prices fall despite inflation, report finds
U.S. wireless prices are declining even as inflation drives up costs across the broader economy, according to CTIA’s 2026 Wireless Affordability Tracker.
U.S. wireless prices are declining even as inflation drives up costs across the broader economy, according to CTIA’s 2026 Wireless Affordability Tracker.
Federal government made $186B in improper payments last fiscal year
A new Government Accountability Office (GAO) report reveals that improper federal spending surged to $186 billion in 2025. The GAO found that the bulk of these payments happened within the nation’s largest programs.
A new Government Accountability Office (GAO) report reveals that improper federal spending surged to $186 billion in 2025. The GAO found that the bulk of these payments happened within the nation’s largest programs.
Fed holds rates steady in Powell’s possible final chair meeting — What comes next?
The Federal Reserve held its benchmark interest rate steady at 3.6% for the third consecutive meeting but indicated it may cut rates in the coming months.
The Federal Reserve held its benchmark interest rate steady at 3.6% for the third consecutive meeting but indicated it may cut rates in the coming months.
BP profit doubles as US gas prices hit highest levels since Iran war began
Petroleum giant BP has earned more than double its profit since the conflict with Iran began two months ago, far exceeding last year’s total.
Petroleum giant BP has earned more than double its profit since the conflict with Iran began two months ago, far exceeding last year’s total.
Record number of Americans say their financial outlook is ‘getting worse’
A new survey finds rising costs still dominate Americans’ concerns, with a record share saying their financial situation is getting worse. Here’s what to know.
A new survey finds rising costs still dominate Americans’ concerns, with a record share saying their financial situation is getting worse. Here’s what to know.