Wall Street stumbles 3.3% as fears of a recession grow

Stocks slumped again on Wall Street Thursday. So what can Americans do to protect themselves if a recession hits? Start by not focusing on external market movements, which you can't control.

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.

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.

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.

Biggest rate hike in years expected as Fed tackles inflation

Investors are bracing to see how big of an interest rate hike the Federal Reserve will make on Wednesday after Wall Street closed mostly lower on Tuesday, a day after tumbling into a bear market.

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.

Early bids for final charity lunch with Buffett top $3M

Bidding for a final, private lunch with Warren Buffett, an event that has raised tens of millions for a California charity, has already topped $3 million.

Is the U.S. headed for a recession? Stocks near bear market

The Dow Jones has fallen 16%, and the NASDAQ is down roughly 30%. The S&P 500 is down more than 20% from its January 3 peak.

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.

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.

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.

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.

US inflation hit 8.6% in May, a new 40-year high

Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.

PokerStars Summer Stacks

PokerStars has announced the return of its Summer Stacks to Pennsylvania, Michigan, and New Jersey.

'Shrinkflation' is hitting consumers worldwide

From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide.

No, you're not imagining it — package sizes are shrinking, here's why

Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.