Fed Bans Banks From Charging Automatic Overdraft Fees
Going forward, financial institutions cannot assess any fees or charges on a consumer’s account when they make transactions at an ATM or with a one-time debit card.
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Finance
Fed Plan to Stimulate Economy Not Enough, Say Critics
With a more dismal look at the economy facing investors, the Dow Jones tumbled more than 200 points earlier today, with all major indexes dropping more than 2 percent before slightly recovering. News that the Fed would start buying government bonds in order to help stimulate the economy by keeping long-term interest rates low worked [...]
Magic, Enchantment to Cost More As Disney Parks Raise Rates
Thomas Smith, Social Media Director at Disney Parks announced today that the company is adjusting its prices, and the changes will go into effect August 5th.
School Can Slash Budgets by Handing Out Books
Summer may be quickly coming to an end, but it’s not too late to make sure your child has a leg up on the new school year: hand them a book — any book — and get them to read it. A three year research project financed by the Department of Education and conducted by [...]
Goldman Sachs Pledges to Refrain From Campaign Spending in 2010
Wall Street powerhouse Goldman Sachs has announced that it will refrain from using corporate funds to purchase political advertising during the 2010 midterm elections. Their new policy was quietly made public on the company’s web site last week with the release of a statement saying that, “Goldman Sachs also does not spend corporate funds directly [...]
Americans Look to Rich for Social Security Remedy
With the 75th birthday of the Social Security fast approaching and the future of the program dwindling away each day, a recent Gallup Poll showed most Americans look to the rich to solve the issue.
According to the survey’s abstract, “Americans are most likely to endorse proposals targeting the wealthy as ways of addressing concerns with [...]
Wal-Mart Spends Millions to Fight $7,000 Fine
More than a year after a crowd stampede left a Wal-Mart employee dead, the company is continuing to launch an expensive legal defense against a $7,000 fine stemming from safety violations that led to the deadly stampede. The incident occurred at the retailer’s location in Valley Stream, NY when an unruly crowd broke through the [...]
Electric Car Maker Tesla Motors Inc.’s IPO Soars
Tesla Motors Inc. has enjoyed a surprisingly positive response from investors since the company’s initial public stock offering earlier this week. The automaker specializes in the manufacture of electric powered vehicles and its strong opening has been interpreted as an indicator of improving market conditions for the American auto industry.
The company began trading on the [...]
Consumer Confidence Plummets in June
Despite a steady increase for three consecutive months, the Consumer Confidence Index had a sharp decline this month, according to The Conference Board.
G20 Summit to Focus on Economics, Bank Reform and North Korea
Stimulus measures in countries around the world are at risk of being curtailed, which has become a point of contention in the upcoming G20 summit. At the last three summits, global leaders maintained a united front about the best approach to resolving the global economic crisis, but as the G20 heads to Canada for a [...]
