Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

U.S. Banks Made More Than $60 Billion in Profits Last Quarter [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

U.S. Banks Made More Than $60 Billion in Profits Last Quarter [Derived Headline]

Article excerpt

U.S. banks made more than $60 billion in profits last quarter

U.S. banks set a record by making more than $60 billion in profits in the second quarter, federal regulators said, up more than 25 percent from a year earlier. The Federal Deposit Insurance Corp. said the profit boost came because banks have been able to charge more interest on loans in recent months, and received a substantial lift from the tax law enacted last year that lowered corporate income tax rates.

Jo-Ann Fabric creates online petition over tariffs

The national retail chain Jo-Ann Fabric wants its customers to sign an online petition and send letters to members of Congress and to the White House urging exemptions from tariffs on hundreds of products the company imports from China. …

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