Meatpacking company illegally hired minors in MN, fined $2 million

A meatpacking company with operations in St. James has been fined $2 million after an inspection found it was illegally employing underage workers that were also dealing with hazardous materials and operating machinery.

Where was inflation the highest in October? Northeast and Midwest cities near the top

The Labor Department released a new report on inflation that examined price growth in various cities and metropolitan areas in the U.S. which reflected a higher rate of inflation in the Northeast and Midwest.

Long Island residents brace for higher electric bills with LIPA rate hike

Long Island residents should brace for yet another increase in their electric bills as the Long Island Power Authority plans a 3.9% rate hike for 2025, adding roughly $7 to monthly bills.

Holiday shopping season brings surge in online scams
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It?s that time of year when you?re probably starting to think about holiday shopping and while more people are busy scouring the internet, it also means more opportunities for scammers to try and take advantage of you. FOX 5 NY?s Teresa Priolo takes a look at the holiday scams making the rounds before the holidays.

LIPA to raise electric bills by $7 a month in 2025
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Long Island residents should brace for yet another increase in their electric bills as the Long Island Power Authority plans a 3.9% rate hike for 2025, adding roughly $7 to monthly bills. FOX 5's Jodi Goldberg has the story.

Spirit prepares for bankruptcy filing after failed Frontier talks: report

Spirit Airlines is reportedly planning to file for Chapter 11 bankruptcy protection after its latest attempt to merge with Frontier Airlines fell through.

Turkey prices drop for Thanksgiving 2024
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This Thanksgiving, hosting dinner might be a little easier on your wallet. Turkey prices have dropped 12% compared to last year, along with savings on popular sides like cranberries and potatoes. FOX 5's Jodi Goldberg has the story.

Medicare premiums increasing in 2025: Here's how much

Medicare’s premium increase for Part B in 2025 outpaces both inflation and the Social Security cost-of-living adjustment (COLA).

Federal Reserve cuts its key interest rate by a quarter-point on heels of election

The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.

Inflation may be coming down but that doesn't mean prices will, expert explains

Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.

TGI Fridays files for bankruptcy: Details

According to the filing, the company is exploring options to remain in business while keeping 39 of its restaurants open.

New plan would cancel student loans for those with financial hardships

Student loan borrowers who face steep medical bills, child care costs and other types of financial hardship could see their student loan debt erased under a new proposal.