70% of Americans plan to retire, but 42% lack savings: Study

According to the survey, over half of respondents said they do not have a 401K or have or know what an IRA is.

Construction in downtown, midtown Phoenix booming
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There are mounting fears of a recession, but, by the looks of it, Phoenix seems to be doing pretty well. New construction projects in downtown and midtown Phoenix seem to be moving full speed ahead. FOX 10's Marissa Sarbak joins us.

United planning to hire 15K workers ahead of expected summer travel surge

The hiring sign is out at United Airlines. The airline said Wednesday that it plans to add 15,000 workers this year, and hired 7,000 in just the past four months.

Porter Barn Wood | Made in Arizona
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Need a custom mantle in your house? You got it. Designing tables for a major restaurant chain? No problem. Looking for a laser-engraved cutting board? They can do that too. From the moment you walk through the front door of this business, it's obvious. This place is where creativity comes alive. In this Made in Arizona, get to know Porter Barn Wood.

Feds: Kids as young as 10 worked at McDonald's locations in Kentucky

A Labor Department investigation found one franchisee employed 24 kids under the age of 16 to work more hours than legally permitted and children sometimes worked as late as 2 a.m. but were not paid.

Owner of Mesa's Legacy Park files for bankruptcy

Legacy Cares Inc. owns and operates the 320-acre indoor-outdoor facility that used to be known as Bell Bank Park.

Nordstrom, Anthropologie, Saks OFF 5TH closing downtown San Francisco shops

Nordstrom announced Tuesday morning they are closing both the downtown San Francisco flagship store and the Market Street Rack after 35 years in business.

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.

BP reports $5 billion quarterly profit on strong oil, gas trading

BP’s profits have rebounded from last year's losses, and this quarter's earnings have exceeded analysts' expectations. Oil companies have been reporting higher earnings after Russia invaded Ukraine.

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.

First Republic Bank seized by regulators, sold to JPMorgan Chase

San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.

First Republic Bank shares nosedive amid uncertainty about rescue deal

Shares of First Republic Bank remain in a death spiral amid reports of uncertainty about whether the lender could see a rescue deal.

Gas prices dip, offering consumers some relief at the pump: AAA

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.

Drugmaker Akorn goes bankrupt, recalls medicines for people, pets

The company terminated all employees at its US sites and discontinued its Quality program, leading to a voluntary recall of various products.

Silicon Valley Bank failure: Fed partly blames itself for collapse

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.

Target expands locked merchandise cases to hit back at shoplifting

One of the things Target has utilized to curb shoplifting is locked-up cases. A Target spokesperson says the company is taking a "multi-layered approach to combating theft."

Tech sector continues to shed jobs as Dropbox lays off 500

Employees affected by the Dropbox layoffs will get 16 weeks pay as severance, plus an additional week's pay for every year of tenure.