Sunday, May 22, 2022

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Ken Sweet

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COVID falling in 49 of 50 states as deaths near 900,000

New cases of COVID-19 in the U.S. are falling in at least 49 of 50 states as omicron rapidly loosens its grip, even as...

Jobless Americans will have few options as benefits expire

NEW YORK (AP) – Millions of jobless Americans lost their unemployment benefits on Monday, leaving only a handful of economic support programs for those...

Bank of America’s 2Q profit jumps, helped by fewer bad loans

NEW YORK (AP) – Bank of America Corp.’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was...

Are the days of overdraft fees numbered?

NEW YORK – Ally Financial Inc. is ending overdraft fees entirely on all of its bank products, becoming the first large U.S. bank to...

Bank of America 4Q profit falls 18% on lower interest rates

CHARLOTTE, N.C. (AP) – Bank of America Corp.’s fourth-quarter profits fell 18% from a year ago, as lower interest rates weighed down its results....

Bank of America profit falls 15.6% in third quarter

CHARLOTTE, N.C. (AP) – Consumer banking giant Bank of America Corp. says third-quarter profit declined 15.6% from a year earlier, but saw less need...

Bank of America’s Q2 results hurt by pandemic like others

NEW YORK (AP) – Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars...
THE COMMERCIAL REAL ESTATE market has been heavily impacted by the COVID-19 pandemic. / AP FILE PHOTO/MARK LENNIHAN

Virus pummels commercial real estate, could end long boom

NEW YORK (AP) – Americans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus...
MAJOR BANKS in the U.S are preparing for a surge in loan defaults due to the COVID-19 pandemic. / AP FILE PHOTO/ STEVEN SENNE

Banks brace for big loan defaults by U.S., global customers

NEW YORK (AP) – The major banks in the United States are anticipating a flood of loan defaults as households and business customers take...
THOUSANDS OF U.S. small businesses are entering their second week of waiting for federal loans related to the COVID-19 pandemic. / AP FILE PHOTO/STEVEN SENNE

‘Absolute chaos’ as businesses try to tap into rescue funds

NEW YORK (AP) – Desperate small-business owners who hoped for a quick government lifeline to help them survive the coronavirus crisis are still without...

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