Currituck board to hear Hanig challenge

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks. The nation’s largest banks are moving away from the practice of charging exorbitant fees on what are mostly small-dollar purchases after years of public pressure. Bank of America CEO Brian Moynihan told The Associated Press that he expects whatever residual income the bank earns from overdraft fees will come from small businesses using overdraft fees as a convenience.  .

Texas has executed a man who fatally stabbed a suburban Dallas real estate agent more than 16 years ago. Kosoul Chanthakoummane was given a lethal injection Wednesday at the state penitentiary in Huntsville. He was condemned for fatally stabbing 40-year-old Sarah Walker in July 2006. She was found stabbed more than 30 times in a model home in McKinney, about 30 miles north of Dallas. Prosecutors say the 41-year-old beat and stabbed Walker before stealing her Rolex watch and a silver ring. The U.S. Supreme Court had declined to delay Chanthakoummane’s execution over claims by his attorneys that challenged the DNA evidence in his case. Chanthakoummane was the second inmate executed in Texas in 2022.

A federal judge has ruled that abortions are no longer legal after 20 weeks of pregnancy in North Carolina. U.S. District Judge William Osteen reinstated the abortion ban Wednesday after he said the June U.S. Supreme Court decision overturning Roe v. Wade erased the legal foundation for his 2019 ruling that placed an injunction on the 1973 state law. The ruling erodes protections in one of the South’s few remaining safe havens for reproductive freedom. His decision defies the recommendations of all named parties in the 2019 case, including doctors, district attorneys and the attorney general’s office, who earlier this week filed briefs requesting he let the injunction stand.

The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable. Brian Moynihan told The Associated Press that higher gas prices and rising rents are of particular concern when he looks at the health of the U.S. consumer. While gas prices have come down a bit recently, rents are still going up. But overall, the BofA CEO said he believes the American consumer is in good shape and able to withstand the economic turbulence.

A $100,000 reward is being offered in the case of a North Carolina sheriff’s deputy found fatally shot along a dark stretch of road last week. “Horrified” by a string of shootings that have injured and killed several deputies in the state in recent weeks, on Monday the North Carolina Sheriffs’ Association announced the reward for information leading to the arrest and conviction of the person or people responsible for the killing of Wake County Sheriff’s Deputy Ned Byrd. Authorities say they're trying to learn why Byrd stopped there. The sheriff's office says there’s still an active investigation that now includes the North Carolina State Bureau of Investigation, FBI and Bureau of Alcohol, Tobacco, Firearms and Explosives.

One skyscraper stands out from the rest in the Manhattan skyline. It’s not the tallest, but it is the skinniest — the world's skinniest, in fact. New York architecture firm SHoP Architects designed Steinway Tower, which earns the title of “the most slender skyscraper in the world” due to its logic-defying ratio of width to height. The apartments in the 84-story residential tower range in cost as much as $66 million per unit and offer full views of the city. The tower is so tall and skinny that the luxury homes on the upper floors whip around by a few feet whenever the wind ramps up.

Markets in the U.S. moved into positive territory before the opening bell as Wall Street waits for more corporate earnings reports and employment data. Futures for the benchmark S&P 500 index and the Dow Jones Industrial Average were up 0.2% hours before the opening bell, bouncing back from overnight losses. U.S. markets fell Wednesday on mixed earnings reports and the release of notes from the Federal Reserve’s last meeting, where officials said inflation is too high despite aggressive rate hikes, suggesting support for more increases. Global markets were mixed and oil prices rose.

Trump Organization chief financial officer Allen Weisselberg is expected to plead guilty on Thursday to tax violations in a deal that would require him to testify about business practices at the former president’s company. That's according to two people who spoke to The Associated Press on condition of anonymity. Weisselberg is charged with accepting more than $1.7 million in untaxed compensation. The people told the AP that Weisselberg will have to speak in court about the company’s role in the arrangement and possibly serve as a witness when the Trump Organization goes on trial in October. Messages seeking comment were left with prosecutors and lawyers for Weisselberg and Trump's company.