Crypto thieves steal $100M in digital coins from US firm Harmony
Hackers have stolen over $1 billion in crypto from financial firms in the U.S. so far in 2022.
IRS tax return backlog swells as Americans await refunds
As the IRS wades through backlog of returns, millions of taxpayers are awaiting refunds.
Federal Reserve Chair Jerome Powell says rate hikes to be decided 'meeting by meeting'
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
Native American woman being appointed US treasurer, a historic first
The first Native American is set to be nominated for U.S. treasurer, which oversees the U.S. Mint.
Nobel Peace Prize medal sells at auction for $103.5 million
The Nobel Peace Prize that Russian journalist Dmitry Muratov was auctioning off to raise money for Ukrainian child refugees has sold for $103.5 million. The sale shattered the previous $4.76 million record for a Nobel.
American Airlines ending service in three cities due to pilot shortage
American Airlines is ending service in three cities this fall in response to the industry-wide pilot shortage.
Gas prices soar around the world amid Russia-Ukraine war, rebound from COVID-19
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
US Treasury Secretary Janet Yellen says recession is not inevitable
She also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
ON THE HILL: Expert weighs in on inflation, whether the US is headed towards a recession
High inflation and fears of a recession continue to grip the U.S. economy. So to get answers on what is causing the issues and how to fix them, FOX 5's On The Hill program sat down with Wall Street Journal economics editor, Eric Morath.
Crypto crash: Bitcoin falls below $20,000 as selloff continues
It's the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets.
Wheat and barley shortage: How Russia-Ukraine war triggered a global food crisis
Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70% of its sunflower oil and are big suppliers of corn.
100 million Americans carry medical debt with some owing more than $10K, poll finds
Some people say they have medical debt they owe to a relative or friend for a loan they received to pay a medical or dental bill.
This is how many student loan borrowers didn't pay during the pandemic halt
About 60% of student loan borrowers didn't make payments during the pandemic, according to a recent report. Are borrowers ready to resume payments in September?
Fed raises key interest rate in largest hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
Biden tells oil refiners: Produce more gas and diesel, fewer profits
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
What makes a bear market? Wall Street term explained
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
George Mason University poll: Americans expect inflation to get worse
Gas and food prices are already on the rise and most Americans expect inflation to get even worse, according to a recent poll conducted by George Mason University.
Bitcoin, other cryptocurrencies collapse, major crypto lender Celsius Network halts operations
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Average gas price in US jumped nearly 40 cents in recent weeks
The average price at the pump is nearly $2 higher than it was one year ago.
Gas prices hit $5 nationwide for the first time ever
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.