Page 27 - Ben Eisen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Latest Articles Red State.com ^ | January 27, 2021 | Sister Toldjah, After the Capitol riots on January 6th, the National Guard was called in to blanket Washington, D.C. to secure the city in order to protect lawmakers and the incoming Biden-Harris administration in advance of Inauguration Day. But a week after Joe Biden’s inauguration, the troops are still there – and reportedly will be through at least mid-March. That has Republican lawmakers demanding answers as to why thousands of National Guard troops are still fortressing the city, and why the city can’t return to some sen...

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America’s big banks girded for a wave of bad loans. They’re still waiting Premium Bankers warned that losses on credit cards, real-estate loans and other types of debts are still likely to rise when government relief programs eventually wear off, hitting their lowest-income customers in particular 4 min read David Benoit, , The Wall Street Journal Share Via Read Full Story America’s top bankers signaled the economic recovery has held up better than they expected and should continue in the new year, releasing some of the stockpiles of cash they had set aside for a wave of soured loans.

Provided by Dow Jones By Ben Eisen Wells Fargo & Co.'s profit rose 4% in the final three months of the year. The San Francisco-based lender said Friday that it made $2.99 billion in the fourth quarter, up from $2.87 billion a year earlier. Per-share profit totaled 64 cents, compared with analyst forecasts of 59 cents. Wells Fargo's results reflect a topsy-turvy year in which the pandemic-induced recession forced lenders to sock away tens of billions of dollars to prepare for a wave of soured loans. The bank released $757 million from its pile of reserves i...

Provided by Dow Jones By Ben Eisen When the pandemic shut down the economy this spring, Walmart Inc. all but closed the department where Christina Rogers works as an optician. Her children's schools closed, too. She thought she might have to dip into savings as they hunkered down in St. George, Utah. Instead, her financial situation improved. Though her earnings dropped when she cut back hours to look after her children, company bonuses and a federal stimulus check put extra money in her pocket. She bought stocks right before the market roared back this sp...