Absent new stimulus, wealthy pay off credit cards, while others dive deeper into debt

Credit cards reveal yet another example of the “K-shaped recovery” wherein high earners are recuperating, or even increasing their wealth during the economic downturn, and lower income earners are flailing.

Small Business Saturday more critical this holiday season amid coronavirus pandemic

Sandwiched between Black Friday and Cyber Monday is Small Business Saturday, a national initiative to shop local and break away from large box stores. However, this year shoppers will notice a few changes because of COVID-19.

Disney increases layoffs to 32,000 workers by March 2021

The coronavirus pandemic continues to hurt businesses across the world and Disney is no exception. On Wednesday, Disney provided an update on the company's finances and it says it plans to let thousands of workers go in 2021.

Unemployment claims rise to 778,000 as COVID-19 pandemic worsens

The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.

Here’s why drivers should get comprehensive car insurance

Comprehensive auto insurance can be a good idea for drivers, if drivers understand how this insurance works.

How to choose a high-yield savings account

Want to build those savings fast? Don’t just choose the first bank you come to.

Dow crests 30,000 points on vaccine hopes, Biden transition

The Dow Jones Industrial Average traded above 30,000 points for the first time on Nov. 24 as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.

Can you lose money in a high yield savings account?

There are both risks and rewards with high-yield savings accounts. They offer higher APYs than most traditional savings accounts. But if in one year you earn more than $10 in interest, you are required to report it on your tax return or face a penalty.

Sedona's Pink Jeep Tours take COVID-19 precautions to keep on moving
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Although the pandemic has hurt the tourism industry in Arizona, Pink Jeep Tours in Sedona isn't planning on slowing down anytime soon. FOX 10 photojournalists Joe Tillman and Brian Kae show us how the business taking COVID-19 safety precautions.

DES to have unemployment recipients prove identities to prevent fraud

In an effort to prevent further fraud, the Arizona Dept. of Economic Security will require unemployment recipients to prove their identities.

Valley residents come out in droves for holiday food distribution

With the second wave of the pandemic in full swing, it's causing many family's to become food insecure. St. Mary's is there to offer them food assistance.

These are the major retailers closing for Thanksgiving Day this year

As retailers look ahead to the holidays, in a reversal of recent years, many have already decided to shut their doors on Thanksgiving Day to accommodate their employees working during the coronavirus pandemic or take a new approach to the traditional holiday shopping season.

5 student loan refinancing mistakes to avoid

Refinancing a student loan can help curb payments – if you avoid these unforced errors.

California auditor: EDD sent out forms exposing 38M Social Security numbers

The recent surge in unemployment claims as people are out of work during coronavirus, the state auditor said, "has further revealed the dangers of EDD's practices."