Consumers are piling on credit card debt, flashing signs of potential crisis

As Americans rack up record-high credit card debt after a year of soaring inflation and interest rate hikes, charge-offs are beginning to roll in at the start of a looming default crisis.

Amazon launches subscription prescription drug service

Amazon says RxPass is a subscription service for customers who have Prime memberships. Consumers will pay $5 a month to fill as many prescriptions as they need from a list of 50 generic medications.

Microsoft invests billions in artificial intelligence startup OpenAI

The tech giant described its new agreement as the third stage of a growing partnership with San Francisco-based OpenAI that began with a $1 billion investment in 2019.

Is tipping getting out of control? Most consumers say yes

As more businesses adopt digital payment methods, consumers are prompted to leave a tip at places they typically wouldn’t. Some feel it has become more frustrating as the price of items has risen because of inflation.

Parents urged to cut up these recalled kids’ color-in pajamas

The recalled pajamas from Selfie Craft Company came in a variety of 26 designs and were sold widely online and in boutiques.

Major Social Security trust funds could be tapped out by 2033: CBO

Social Security spending is trending upward as the proportion of Americans at or above retirement age has increased relative to the active workforce.

US farm group calls for probe of high egg prices

The price of eggs has skyrocketed, adding to the overall impact inflation is having on American consumers.

Justice Department investigating Abbott baby formula plant

Abbott's Michigan plant's closure in February 2022 was a key cause of a nationwide baby formula shortage that forced parents to seek formula from food banks, friends and doctor’s offices.

National sales tax: What’s behind some House Republicans’ proposal

Chatter of a 30% national sales tax being proposed by Republicans has taken over the internet in recent days. Here’s a look at the proposal.

Thinx period underwear lawsuit over PFAS settles for $4 million

Thinx, the first and arguably most well-known brand on the market, was sued for allegedly having toxic chemicals in their period underwear.

USDA cracks down on 'organic fraud' in food with new regulations

For the first time since 1990, the USDA is strengthening its organic food regulations in the U.S. with new rules that aim to prevent fraud and protect the agency’s trusted organic seal.

Mortgage rates fall to lowest level since September

The average rate on a 30-year fixed mortgage fell to 6.15% on Thursday from 6.33% last week, according to mortgage buyer Freddie Mac. A year ago, the average rate was 3.56%.

Expects say Americans should expect even higher grocery bills
video

Inflation may be easing off a bit, but experts say the cost of grocery could still rise throughout 2023. Reporter Nate Foy has more.