Small inflation rise keeps interest rate cut likely
Inflation rose .1% month-over-month, keeping analysts hopeful for an interest rate cut by the Federal Reserve this autumn.
High rents and housing costs strain American budgets
A new study from Harvard shows how high housing costs and rents are making life hard on Americans.
Economy accelerates to 2.8% GDP growth in Q2
The Commerce Department says the US economy grew 2.8 percent pace in the second quarter, up from the 1.4 percent growth in the first quarter of 2024.
Trade school tackles welder shortage with night class
RSI, a trade school in Phoenix, is addressing the shortage of welders by offering a new overnight course that lasts seven months. FOX 10's Danielle Miller has the story.
Kroger and Albertsons list planned store divestitures
Kroger and Albertsons release a list of proposed store divestitures should their controversial merger survive legal battles with the FTC and several state attorney's general. More than 100 stores in Arizona would be impacted along with 20 stores in Phoenix.
Home sales experience worst month of May since 2020
While home sales declined month-over-month, home sale results in the month of May were still better than expected.
Walmart expanding it in-home delivery service
Walmart is announcing an expansion of its in-home delivery service to 10 million more households. They will even deliver groceries right into your garage refrigerator.
Paradise Valley Mall renovations are taking shape
The development group that is redoing the Paradise Valley Mall announced seven new businesses that have signed on to house stores in the building.
Rising costs have people worried about retirement
A new survey by AARP is showing retirees are worried they do not make enough money to afford their retirement.
Woman in Michigan found living inside a store sign
An astonishing discovery revealed a woman had set up residency inside a sign to a store in Michigan.
Jobs created in April falls short of expectations
Analysts expected 240,000 new jobs to be created but the actual number came in at just 175,000. See which job sector added the most.
Powell says interest rates will remain unchanged
Interest rates have remained unchanged throughout the year and investors are beginning to worry that rates could increase or remain the same throughout the year. Forecasters projected as many as seven rate cuts were possible at the start of 2024.
Couples opting for 'mini-moons' over honeymoons
Newlyweds are opting for a shorter, less expensive version of the honeymoon. They call it a 'mini-moon' and Arizona is one of the top destinations for them.
Marijuana farm fills void in Snowflake greenhouse
Copperstate Farms marijuana growers have become the largest employer in Snowflake, AZ after a vegetable farm vacated the greenhouse. FOX 10's Ellen McNamara has the story.
Gas prices in Arizona and Phoenix rise again
Statewide averages at the pump are climbing again as refineries switch to Arizona's summer blend.
Cactus League games attract droves of fans again
Attendance numbers for the Cactus League showed despite 10 games being rained out that baseball fans from all over continued to arrive to the games in droves.
Jobs report: 303k jobs added, wages up in March
The March Jobs Report shows 303,000 jobs were added to the economy. The healthcare sector led the way with 72,000 new jobs while government jobs increased by 71,000.
Gov. Hobbs celebrates growing Arizona economy
Arizona Gov. Katie Hobbs recognized reduced inflation rates and more than 80,000 jobs created in 2023. She says Arizona is fourth in the nation in job growth and says the state has become a great place for businesses and workers due to key investments.
UArizona, NAU work to boost semiconductor industry
The University of Arizona and Northern Arizona University have formalized a new agreement to boost the state's semicondctor industry. The two universities, along with industry partners, will collaborate on research projects and academic partnerships related to semiconductor manufacturing. The agreement also encourages the two schools to share research space and equipment.
Inflation in U.S. expected to drop to lower level
Americans are feeling more optimistic about inflation in 2024. According to a Federal Reserve Bank of New York survey, consumers from 1,300 households surveyed say they expect prices to keep cooling, and the median expectation is that inflation will be up three percent a year from now, which, if it happens, will mark the lowest level in three years.