WEATHER ALERT
Vance hails Trump's Fed idea and pushes back against criticism over past words on American families
Read full article: Vance hails Trump's Fed idea and pushes back against criticism over past words on American familiesRepublican vice presidential nominee JD Vance used a round of news show appearances to disparage the Democratic ticket and promote Donald Trumpโs record and second-term plans.
Emhoff will discuss antisemitism and gender equity at World Economic Forum meeting in Switzerland
Read full article: Emhoff will discuss antisemitism and gender equity at World Economic Forum meeting in SwitzerlandVice President Kamala Harris' husband is taking his advocacy against antisemitism, Islamophobia and other forms of hate to the Swiss Alps.
CEOs of the nation's biggest banks warn that new regulations could harm the economy
Read full article: CEOs of the nation's biggest banks warn that new regulations could harm the economyThe heads of Wall Streetโs biggest banks used an appearance on Capitol Hill to plead with senators to stop the Biden administrationโs proposed changes to how banks are regulated, warning that the proposals could negatively impact the economy at a time of geopolitical turmoil and inflation.
Bank of America profits jump 10% but warns of slowing spending by Americans
Read full article: Bank of America profits jump 10% but warns of slowing spending by AmericansBank of America posted a 10% rise in third quarter profits, helped by higher interest rates that allowed the bank to charge more for loans while keeping the bankโs expenses under control.
Bank of America profits grow 15%, avoids industry crisis
Read full article: Bank of America profits grow 15%, avoids industry crisisBank of America said its profits grew 15% last quarter, the latest of the big banks to do exceptionally well this earnings season as investors and consumers flock to Wall Street for safety after the failure of Silicon Valley Bank and Signature Bank.
Bank CEOs warn that US economy faces 'daunting' challenges
Read full article: Bank CEOs warn that US economy faces 'daunting' challengesThe CEOs of the nationโs biggest banks have appeared in front of Congress and given a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing.
Bank of America's overdraft fees down 90% under new policy
Read full article: Bank of America's overdraft fees down 90% under new policyBank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.
How inflation and tangled supply lines are gripping economy
Read full article: How inflation and tangled supply lines are gripping economyHigh inflation and tangled supply chains have seeped into nearly every nook of the economy, forcing consumers and businesses to make painful decisions that many of them have never had to contemplate before.
COVID fears grow in Capitol as three lawmakers test positive
Read full article: COVID fears grow in Capitol as three lawmakers test positiveA second Democratic member of the House who was forced to go into lockdown during last weeks violent protest has tested positive for COVID-19. Rep. Pramila Jayapal of Washington says she has tested positive. Those who tested positive were among dozens of lawmakers who were whisked to a secure location when pro-Trump insurrectionists stormed the Capitol on Wednesday. It's not certain where and when lawmakers caught the illness, but the Capitolโs attending physician notified all House lawmakers of possible virus exposure and urged them to be tested. Rep. Bonnie Watson Coleman of New Jersey said Monday that she had tested positive for COVID-19.
Possible virus exposure for lawmakers sheltering during riot
Read full article: Possible virus exposure for lawmakers sheltering during riot(AP Photo/Patrick Semansky)WASHINGTON โ House lawmakers may have been exposed to someone testing positive for COVID-19 while they sheltered at an undisclosed location during the Capitol siege by a violent mob loyal to President Donald Trump. The Capitol's attending physician notified all lawmakers Sunday of the virus exposure and urged them to be tested. No further details were provided on which person has tested positive for the virus. Some lawmakers and staff were furious after video surfaced of Republican lawmakers not wearing their masks in the room during lockdown. A woman from California was shot to death by Capitol Police and three other people died after medical emergencies during the chaos.
Bank of America rakes in record profit
Read full article: Bank of America rakes in record profitJustin Sullivan/Getty Images(CNN) - Bank of America hauled in its fattest profit ever during the second quarter thanks to sturdy spending from households that offset trouble in markets. Bank of America said on Wednesday that its profit jumped 8% during the second quarter to $7.3 billion, marking a record for the lender. For the first six months of 2019, Bank of America hauled in $14.7 billion, also setting a record for the first-half of a year. Global markets profit fell 7% at Bank of America, driven by a 6% decline in sales and trading revenue. Unlike Goldman Sachs, which reported an increase in stock trading revenue, Bank of America suffered a 13% tumble in that area.