Overdraft fees made up about 10 percent of big bank profits. They collected more than $30 billion in Overdraft fees in 2020. Bank of America, the nation’s second-largest bank, said that it would cut its overdraft from $35 to $10....
A series of interest rate hikes coming this year, said the Federal Reserve Chairman Jerome Powell during his confirmation hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The federal funds rate or benchmark rate is currently...
Toyota Motor Corporation came a long way from 1958 when it sold 288 vehicles in 1958. In 2021, the Japanese automaker sold 2.3 million cars in the United States, dethroned General Motors, and became the top-selling automaker in the country....
Hiring slowed down In December. The Bureau of Labor Statistics (BLS) reported that nonfarm payrolls grew by 199,000 in December, less than half of the 422,000 expected. The unemployment rate dropped to 3.9 percent, but 6.3 million people are...
