Spirit, Frontier abandon merger bid, paving way for JetBlue deal

The Frontier offer was worth more than $2.6 billion in cash and stock, far short of JetBlue's all-cash bid of $3.7 billion.

Fannie Mae revises GDP forecast for 2022, 2023 amid high inflation

Rising inflation could push the economy into a recession sooner than economists had previously projected, according to the latest forecast from Fannie Mae.

Biden confirms he’ll make student loans decision by end of August

In an exchange with reporters, President Joe Biden confirmed he will soon make a decision on student loans. Here are the choices he is weighing.

Spectrum ordered to pay murder victim’s family more than $7B

A Dallas County jury found Spectrum grossly negligent and ordered the cable company to pay more than $7 billion to the family of a woman who was killed by an employee in her Irving home.

Amazon deal to buy One Medical worries advocates over patient care and privacy

Labor leaders demonstrated Tuesday against a deal that would see Amazon buying health care provider One Medical. Labor leaders and privacy advocates are worried the deal could impact patient care and patient privacy.

Many borrowers took out student loans anticipating debt forgiveness, survey says

Many student loan borrowers took out loans in recent years with the belief that the Biden administration would cancel student loan debt, a recent survey said.

Raising Cane’s founder buys Mega Millions tickets for all employees

“If we win, we win together,” a spokesperson said in a YouTube video. “Whatever we win, we share it with every, single person.”

IRS working to increase audit rates for high-earning Americans

The IRS announced it will begin increasing audit rates for high-earning Americans making more than $100,000 a year.

Wear Tech: One of Arizona's newest wearable tech companies
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The future of wearable technology is being made today right here in Arizona. The state just matched a private investment to get eight new companies up and running. Think of this device like an Apple Watch. Devices we can wear to live better lives. FOX 10's Steve Nielsen has the story.

Phoenix's Holsum Bakery to close its doors
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The bakery, which produces a number of brands from Sara Lee to Wonder Bread, will cease its baking production in October. Company officials said the decision is a result of wanting to discontinue supplying certain customers, as well as the overall cost of upgrading outdated equipment.

Loans for a 600 credit score: What to know and where to find one

It’s possible to take out a personal loan with a 600 credit score, but you may not qualify for the best possible rates or terms.

WWE’s Vince McMahon retires amid sexual misconduct allegations

Reports say Vince McMahon has agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity.

Paying back unemployment: Arizona DES asking some Arizonans to return 'overpayment' on benefits

Officials with the Arizona Department of Economic Security say they have found a lot of people who received unemployment payments in Arizona, but didn't actually qualify for unemployment. Now, those affected are stuck with a bill from DES, even though no one is saying it's their fault.

Macy's opening four smaller format stores outside malls this fall

The off-mall Macy's stores come as part of the company's broader strategy, which will shutter 125 Macy's stores in lower-tier malls by 2023.

Amid delays, American Airlines earns $476 million on record revenue in 2Q

American Airlines earned $476 million in the second quarter on record revenue from summer travelers and said Thursday that it expects to remain profitable in the third quarter.

Toys ‘R’ Us makes big comeback, returning to all Macy’s locations across US

The unveiling of the new locations come after Toys "R" Us became what many thought to be something of a distant memory when the COVID-19 pandemic shuttered its last two physical locations in New Jersey and Texas.

Desert Flora Dress Co. makes custom vintage dresses
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An Arizona mother's hobby and passion for sewing has turned into a business and that business is booming.