Inflation and interest rate hikes are negatively impacting Americans' financial well-being: survey

Inflation and interest rate hikes are negatively impacting Americans' financial well-being: survey

Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.

Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.

Gas prices drop amid recession fears, pre-summer lull: AAA

Gas prices drop amid recession fears, pre-summer lull: AAA

Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.

Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.

California Big Lots managers claim they were fired for chasing down stolen merchandise

California Big Lots managers claim they were fired for chasing down stolen merchandise

A manager at a Big Lots store in California claimed she and her colleague were fired after wrangling back a shopping cart from an alleged shoplifter who made off with a haul of laundry detergent.

A manager at a Big Lots store in California claimed she and her colleague were fired after wrangling back a shopping cart from an alleged shoplifter who made off with a haul of laundry detergent.

Job growth shows resilience in April but also signs of softening

Job growth shows resilience in April but also signs of softening

The economy added 253,000 jobs in April, an increase from the previous month but slower than the average gain of 290,000 in the last six months, according to the latest employment report from the Bureau of Labor Statistics (BLS).

The economy added 253,000 jobs in April, an increase from the previous month but slower than the average gain of 290,000 in the last six months, according to the latest employment report from the Bureau of Labor Statistics (BLS).

Number of new American business applications hits an all-time high

Number of new American business applications hits an all-time high

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

AAPI Heritage Month: Learn about the rich history of nail salons

AAPI Heritage Month: Learn about the rich history of nail salons

In honor of Asian American Pacific Islander Heritage Month, FOX 11's Susan Hirasuna tells the story of how the Vietnamese community came to dominate the nail industry.

In honor of Asian American Pacific Islander Heritage Month, FOX 11's Susan Hirasuna tells the story of how the Vietnamese community came to dominate the nail industry.

Personal loan interest rates edge down for 5-year loans

Personal loan interest rates edge down for 5-year loans

The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.

The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.

Fed doubles down on the fight against inflation, raises rates another 25 basis points

Fed doubles down on the fight against inflation, raises rates another 25 basis points

The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.

The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.

A look inside Disney-inspired Thriftyland 101
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A look inside Disney-inspired Thriftyland 101

If you enjoy all things, Disney, then you will love Thriftyland 101, a local thrift store that has blown up on social media for its one-of-a-kind, affordable and nostalgic items. Good Day LA's Amanda Salas got a look at the magic firsthand.

If you enjoy all things, Disney, then you will love Thriftyland 101, a local thrift store that has blown up on social media for its one-of-a-kind, affordable and nostalgic items. Good Day LA's Amanda Salas got a look at the magic firsthand.

Shell reports $9.6 billion profit as energy prices slip

Shell reports $9.6 billion profit as energy prices slip

Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.

Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.

Here’s why consumers' credit scores got a boost in March: Report

Here’s why consumers' credit scores got a boost in March: Report

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

Some 14 million jobs won't exist globally in 5 years, report says

Some 14 million jobs won't exist globally in 5 years, report says

Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.

Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.

Bank deposits fell by more than $76 billion

Bank deposits fell by more than $76 billion

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.