The Boeing Company at Paris Air Show 2025 in Le Bourget airport. Nicolas Economou | Nurphoto | Getty ImagesThe Federal Aviation Administration on Friday proposed fining Boeing $3.1 million for a series of safety violations, including actions tied to the January 2024 Alaska Airlines 737 MAX 9 mid-air emergency, and for interfering with safety officials’ independence.The FAA found hundreds of quality system violations at the planemaker’s 737 factory in Renton, Washington, and Boeing subcontractor Spirit AeroSystems’ 737 factory in Wichita, Kansas.The FAA also said Boeing presented two unairworthy aircraft to the FAA for airworthiness certificates and failed to follow its…
Author: usaeverydaylife
Investors aren’t letting a little bad news bother them. Despite some unsettling developments, Wall Street roared to new records this week. Even with tariff-inducted inflation rising and growing signs of stress in the labor market, the focus now is on healthy corporate profits and aid on the way from Washington. Among the worst of it: The Bureau of Labor Statistics issued revisions to prior payroll counts that showed the economy created nearly a million fewer jobs than previously thought. On top of that, layoffs spiked last week, inflation edged higher and worker confidence by one measure hit record lows. There’s…
This may not be an era in which Americans are awash in physical currency fattening their wallets, but we are awash in cash parked inside accounts that have been generating attractive yields thanks to Federal Reserve interest rate hikes to combat inflation. There is a record amount of cash in money market funds, roughly $7.6 trillion, according to Crane Data.But as the Federal Reserve prepares to cut rates for the first time in a year, maybe by as much as 50 basis points — a policy shift that will, over time, reduce the yields on risk-free cash-equivalent investments — market…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, shares of Gemini soar after the exchange operator raised $425 million in an initial public offering. Plus, Tether launches a new token for institutions in the United States. And, Roger Bayston, head of digital assets at Franklin Templeton, breaks down a new partnership between the investment giant and Binance.10:58Fri, Sep 12 20253:01 PM EDT Source link
The ‘Fast Money’ traders react to Apple’s iPhone 17 preorder demand. Source link
What Federal Reserve Chair Jerome Powell says about the path of monetary easing next week will be critical to a stock market that’s been insistent on interest rate cuts. The Fed meeting next week is a critical one. Investors are certain the central bank will have to cut rates for the first time since December at the conclusion of its Sept. 16-17 meeting, with some even hopeful for a jumbo half-percentage point cut. Not only that, the latest Summary of Economic Projections is also due, giving insight into how policymakers are thinking through monetary policy. Lower rates can turbocharge an…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBMO’s Evan David Seigerman joins ‘Fast Money’ to talk the anti-vaccination rhetoric out of Washington and how that is impacting healthcare stocks. Source link
The Kalshi logo arranged on a laptop in New York, US, on Monday, Feb. 10, 2025. Gabby Jones | Bloomberg | Getty ImagesMassachusetts filed a lawsuit in state court Friday against Kalshi, alleging the predictions platform offers sports gambling without a license under the guise of events contracts.”If Kalsi wants to be in the sports gaming business in Massachusetts, they must obtain a license and follow our laws,” Massachusetts Attorney General Andrea Joy Campbell said in a news release. The state is also asking the court to prevent Kalshi from offering sports events contracts in Massachusetts while the lawsuit is…
Carter Worth, Worth Charting, joins ‘Fast Money’ to talk the technicals on Tesla. Source link
Apple CEO Tim Cook told CNBC’s Jim Cramer why his company is investing $2.5 billion to manufacture glass in Corning’s Kentucky factory, praising the company’s technology.”This is the place to put it,” Cook said of his investment in Corning. “I feel very confident in that, because when you look at innovation, when you look at the cost, when you look at the quality, these are all things that are factor into our decisions — this is a great place.”Apple announced the lofty investment last month and said all glass for iPhones and Apple Watches would be manufactured in Corning’s facility.…
