ATM fees at 10 year high

0
195
Watch the Morning Business Report, Weekdays on 41NBC Daybreak

ATM fees are at a 10 year high.

The average out-of-network ATM fee is now $4.57 per transaction, a 10-year high, according to bankrate.com.

Banks are under pressure to find more income and this is an easy way to do it.

Meanwhile, Americans will spend more on holiday shopping this year.

The National Retail Federation is forecasting holiday sales for the November and December period to rise 3.6 percent to $655.8 billion, much better than the 3 percent growth seen in the year-ago period.

Jobs are a big reason.

Government figures show that 2.5 million more Americans have jobs as of August compared to a year earlier.

It was a rough day for stocks.

The Dow lost 85 points.

And the International Monetary Fund slashed prospects for U.S. economic growth.

Google is getting back into making phones.

The search giant and creator of the android operating system debuted its two newest flagship phones, the Pixel and the Pixel XL.

The phones have a built-in Google assistant and the improved camera software.

The government is looking into what’s being described as a ‘sudden and complete’ loss of brakes in the Ford F-150 pick up truck.

The agency says its received 10 reports of this happening on 2015 models.

The F-150 is the best selling vehicle in the United States for several years.

For more business headlines from Jane King at the Nasdaq, watch Daybreak Monday through Friday.