Joe Biden, GOP must decide what’s on the table in debt limit meeting

As the deadline for raising the debt ceiling approaches, President Joe Biden and Republicans must come to an agreement on what measures to take to avoid defaulting on the national debt.

Gas prices drop amid recession fears, pre-summer lull: AAA

Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.

Number of new American business applications hits an all-time high

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

TurboTax customers to receive checks in $141 million settlement

The company was ordered to pay $141 million to low-income consumers who were tricked into paying TurboTax to file their federal returns — despite being eligible for free tax services.

70% of Americans plan to retire, but 42% lack savings: Study

According to the survey, over half of respondents said they do not have a 401K or have or know what an IRA is.

United planning to hire 15K workers ahead of expected summer travel surge

The hiring sign is out at United Airlines. The airline said Wednesday that it plans to add 15,000 workers this year, and hired 7,000 in just the past four months.

Americans plan to spend 24% less on Mother’s Day this year due to inflation

A recent survey from Lending Tree finds that consumers will operate on a budget when shopping for Mother’s Day gifts because of the high prices.

Feds raise key interest rate to highest level in 16 years

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.

Here’s why consumers' credit scores got a boost in March: Report

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

Bank deposits fell by more than $76 billion

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

First Republic Bank sold to JPMorgan Chase
video

Regulators seized troubled First Republic Bank, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to end the turmoil that has raised questions about the health of the U.S. banking system. LiveNOW's Andrew Craft spoke with Adam Kobeissi, editor-in-chief of thekobeissiletter.com, about JPMorgan Chase's takeover of First Republic bank. More LiveNOW from FOX streaming video

JPMorgan Chase takes over First Republic Bank
video

The Federal Deposit Insurance Corporation (FDIC) has accepted a bid from JPMorgan Chase Bank to assume all deposits of First Republic Bank, the California Department of Financial Protection and Innovation (DFPI) announced early Monday morning. The San Francisco-based bank has struggled since the collapse of Silicon Valley Bank and Signature Bank in early March, and it was widely seen as the bank most likely to collapse next. LiveNOW's Andy Mac spoke with banking attorney Joseph Lynyak about First Republic Bank being taken over by JPMorgan Chase. More LiveNOW from FOX streaming video