Bank of America cuts overdraft fees

Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks.

Powerball winning numbers for Wednesday, January 5, 2022; $630M jackpot

Here are the winning Powerball numbers for Wednesday, January 5, 2022. The Powerball jackpot has climbed to an estimated $630 million, the seventh-largest jackpot in the game’s history.

Virginia dad wins $1M jackpot while on chocolate milk run for kids

Dennis Willoughby stopped at a 7-Eleven store in Richmond to buy the drinks and to buy a $1 million Platinum Jackpot scratch-off ticket.

US home prices surged nearly 19% in October as market continues to boom

U.S. home prices surged again in October as the housing market continues to boom in the wake of last year’s coronavirus recession.

Year-end tax tips: Ways to prepare, maximize refund, and more

2021 is coming to an end, which means it’s almost time to file your taxes. Here are some expert tips on ways to prepare and possibly maximize your refund.

Powerball jackpot climbs to $416 million ahead of Monday's drawing

The $416 million Powerball Jackpot, the game’s second most valuable grand prize of the year, is up for grabs again Monday night.

Zelle scam: Police renew warning about money transfer app

Police have another warning about the ways scammers are using money transfer apps to target victims and their bank accounts.

US debt ceiling: Congress sends Biden $2.5T increase, avoiding default

Congress averted a debt default early Wednesday after Democratic majorities voted to send a $2.5 trillion debt ceiling increase to Biden over Republican opposition.

Hobby Lobby raises minimum wage to $18.50 an hour

Hobby Lobby workers will be getting a raise to ring in the new year. The craft store chain announced it will raise its minimum full-time hourly wage to $18.50, effective January 1, 2022.

US jobless claims hit lowest level in 52 years amid seasonal volatility

U.S. unemployment claims dropped to 184,000 last week, the lowest since September 1969 — offering more evidence that the job market is recovering.

Debt ceiling: House passes bill paving way for increase ahead of deadline

The House passed a bill that will allow the Senate to raise the U.S. debt limit with a Democrats’ only majority vote, as the deadline draws near.

November jobs report: US employers added a sluggish 210,000 jobs

U.S. employers slowed the pace of their hiring in November, adding 210,000 jobs, as the economy contends with inflation and shortages.

US unemployment claims rise by 28,000, but still low at 222,000

U.S. unemployment claims climbed by 28,000 last week to 222,000, even though the U.S. job market has been rebounding from the coronavirus recession.

Powell says Federal Reserve may accelerate pullback in economic support

Chair Jerome Powell said that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation.