Student loan scams surge as October repayment date approaches

Scammers are looking to take advantage of borrowers in need of financial assistance as student loan payments start back up.

Amazon faces lawsuit over allegations of price inflation, anti-competitive practices

The Federal Trade Commission and 17 state attorney generals filed an antitrust lawsuit against Amazon on Tuesday, alleging the e-commerce behemoth uses its position in the marketplace to inflate prices on other platforms.

Biden's student debt forgiveness may be taxed in these five states

Although student debt discharged is exempt from federal tax due to the American Rescue Plan Act of 2021, some states may still tax the savings, according to a report by the Tax Foundation.

Household income drops amid high inflation

The typical American’s income dropped for the third straight year amid record-high inflation. But you can still pay down high-interest debt quickly.

Lego scraps efforts to make toys out of recycled bottles

Denmark’s Lego says it remains committed to its quest to find sustainable materials to reduce carbon emissions, even after an experiment by the world’s largest toymaker to use recycled bottles did not work.

Amazon investing billions in AI startup Anthropic

Big Tech companies are pouring money into AI as they race to capitalize on the opportunities that a new generation of the technology is set to bring. Amazon is the latest with a massive investment.

Rite Aid to close hundreds of stores in bankruptcy: report

Rite Aid will reportedly close 400 to 500 stores as it plans to file for bankruptcy, the Wall Street Journal reported.

UAW strike: President Joe Biden to speak in Michigan in support of union

President Joe Biden will visit Michigan on Tuesday to meet with UAW members striking against Detroit's Big Three, according to a report from the Washington Post.

Inflation is affecting parents' ability to pay for education: survey

Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.

The Oscar Mayer Wienermobile is back

Oscar Mayer says the Frankmobile is toast. The Wienermobile rides again.

Stores start hiring as holiday season gets closer
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Big box retailers are already gearing up for the holiday season, and they are looking to hire seasonal workers. Some stores, however, are forecasting better sales than others, with some even anticipating a dip in holiday spending. FOX 10's Nicole Garcia reports.

Social Security overpaid North Texas woman by $41K, now they are demanding the money back

Delfina Prisock says her life was turned upside down when she received the letter from the Social Security Administration in May, demanding she repay more than $41,000 in benefits.

Bank of America will increase its minimum wage to $23 an hour

Bank of America’s minimum hourly pay will become $23 once the North Carolina-based company’s planned increase happens. 

Fed pauses interest rate hikes in September but could raise rates again this year

The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.

Amor Collective celebrates Latina-owned businesses
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As we celebrate Hispanic Heritage Month, we're highlighting some local Latina-owned businesses here in the Valley. FOX 10's Lindsey Ragas joins us to tell us about the unique concept of one store in Peoria.

UAW strike day 7: GM, Stellantis announce layoffs as negotiations continue

Both General Motors and Stellantis announced layoffs Wednesday as UAW members continue to walk the picket line at three facilities. These layoffs come as the strike nears the one-week mark with more employees potentially joining the picket line.

Student loan repayment may force some to take on more debt: survey

Many student loan borrowers are anxious that they won't be able to meet their payment obligations once repayments resume in October, according to a recent survey by Achieve.

UAW's argument about pay raises and how much Detroit's Big Three CEO's make

The UAW has touted the line that CEO pay has risen by 40% over the past four years so employees should get the same. But here's how much the CEO's of Detroit's Big Three make and how much it's gone up over the past four years.