JP Morgan Warns It May Charge for Checking Accounts; Japanese Fans Flock to US to See Baseball’s Ohtani | Business Matters Full Broadcast (July 5)

Don Ma
By Don Ma
July 5, 2024Business Matters
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JP Morgan says Chase customers should get ready to pay for run-of-the-mill checking accounts if the U.S. government caps the bank’s other fees. The head of JPMorgan-owned Chase Bank told the Wall Street Journal that if their late-fee revenue stream dries up, customers will have to fork out in other ways.

New fans, new excitement, and new sponsors were at Dodger Stadium in Los Angeles. Some fans are coming from as far away as Japan. Much of this is because of one of the team’s newest players—Shohei Ohtani.

New data seems to show the U.S. job market is weakening. The official unemployment rate just hit a two-and-a-half-year high, and wage growth has moderated. And while the data shows 206,000 new jobs were added in June, the estimated gains for May and April were revised down sharply.