Global Market

Big Bank makes a threat to stop offering free checking. Others could adhere to it. That sounds worse than it is, and here’s why.

If a customer maintains an average minimum amount or has their paycheck directly deposited, for example, most banks provide free checking. According to a 2023 Bankrate.com survey, 73% of those who have checking accounts use the feature. But if banks follow Chase’s example and their regulatory expenses rise, free services like checking might disappear. Chase …

After an alleged armaments storage is set on fire by a Ukrainian drone attack, Russia promises to reply.

A state of emergency was declared in Russia’s southwest Voronezh area after a drone set fire to a facility purportedly holding weaponry. Moscow has threatened to respond to Ukrainian strikes within its borders. According to Voronezh governor Aleksandr Gusev, the drone strike happened at a village in the Podgorensky district on Sunday. According to Ukrainian …

Although NASCAR introduces an electric SUV, the race circuit is not abandoning gasoline.

Gas-guzzling, fast automobiles racing around a course is the essence of NASCAR racing. However, NASCAR debuted a brand-new vehicle on Saturday: an all-electric SUV with twice the horsepower of any of their current gas-guzzlers. Even a sport more recognized for its devotion to history is enjoying the technology, which shows how far electric vehicles have …

Investors anticipate strong earnings to sustain the current stock surge.

Wall Street is looking to corporate earnings to sustain the 2024 stock market rise, with interest rate cuts on hold. According to a FactSet survey of analysts, S&P 500 businesses’ second-quarter earnings will increase by an average of 8.7% over the previous year. For the benchmark index, that would be the fourth consecutive quarter of …

Bitcoin falls to its lowest level in two months as the Federal Reserve makes it clear that it is not yet ready to lower interest rates.

Thursday, the price of a Bitcoin fell to about $57,000, the lowest level in two months. This happened after the U.S. Federal Reserve posted minutes from its June meeting that showed the central bank isn’t ready to cut interest rates yet. Bitcoin, which is the biggest cryptocurrency by market value, has had some problems lately, …