Massive warehouses along I-4 to bring big businesses, more jobs to Plant City

Two massive new warehouses along I-4 in Plant City could have far-reaching effects on the area's economy. City Furniture's expansive showroom, cafe, corporate offices and warehouse space will bring hundreds of new jobs, while Fortune 100 companies are reportedly eyeing the other location as a possible distribution facility.

Florida's gas prices are dropping: here's why

After weeks of seeing gas prices consistently rising, Florida drivers may soon see some relief at the pump as prices across the state have started to decline, AAA says.

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.

Americans feeling the stress from inflation

Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.

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.

These electric vehicles are cheaper to own than gas ones now

Building electric vehicles is expensive, which is why their prices are high, and it's mostly about the batteries.

Florida citrus production falls to eight-decade low

Florida's struggling citrus industry is approaching the end of its growing season with the lowest production since 1940.

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.

Biden blames pandemic, Putin as high US inflation persists

In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.

Out-of-gas calls on the rise, AAA says

In April alone, AAA received 50,787 calls from stranded drivers.

US inflation hit 8.6% in May, a new 40-year high

Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.

No, you're not imagining it — package sizes are shrinking, here's why

Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.

Facing huge inventory, Target cuts vendor orders, slashes prices

Target is canceling orders from suppliers, particularly for home goods and clothing, and it's slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons.