Bank of America said Tuesday it would eliminate insufficient funds fees and cut overdraft fees from $35 to $10—the latest move from a large bank away from the practice amid years of pressure from critics who say the fees unfairly target vulnerable communities.
Runaway house price inflation continues to characterize the U.S. market. House prices across the country rose 15.8% on average in October 2021 from the year before. U.S. house prices are far over their 2006 Bubble peak, and remain over the Bubble peak even after adjustment for consumer price inflation.
The upscale grocery chain Whole Foods claims the National Labor Relations Board’s (NLRB) order to allow its employees to wear “Black Lives Matter” masks violates its constitutional rights.
Wage gains weakened in December even as inflation likely accelerated, pushing workers even further behind and making meeting it tougher for millions of American families to meet their household needs.
The number of Americans who filed new unemployment claims increased to 207,000 in the week ending Jan. 1 as workers seek more attractive positions with better pay and Omicron coronavirus variant cases surge.
Last summer we coined a new term for mega-cap startups, as “unicorns” had become paradoxically ordinary. It was “dragons,” used to describe private companies valued at $12 billion or more, net of capital raised.
