Business
Boeing is reportedly developing a new single-aisle airplane that will eventually replace its 737 Max aircraft, which has faced a spate of safety-related issues. The aerospace giant’s CEO, Kelly Ortberg, met with officials at Rolls-Royce Holdings in the U.K. earlier this year to discuss a new engine for the aircraft,…
FIRST ON FOX: A new survey from BlackRock finds that almost two-thirds of Americans like the idea of “Trump accounts” — savings plans giving every newborn $1,000 at birth, with parents and employers able to contribute more and funds growing through stock market investments. The enthusiasm for the savings program…
Walmart executives said artificial intelligence will have a hand in reshaping every job in the world, including at the retail behemoth otherwise known as the nation’s largest private employer. Walmart Chief Executive Doug McMillon said it’s “very clear that AI is going to change literally every job” during a workforce…
Some of the world’s wealthiest investors are using exchange-traded funds to access commodities, cryptocurrency and artificial intelligence. “We tend to find when clients want broad exposure, they want a SMA (separately managed account). For thematic, hedge or risk it tends to be an ETF,” said Meena Flynn, co-head of global…
The U.S. economy is at an inflection point as the Federal Reserve cut interest rates for the first time this month amid indications that the labor market is weakening despite inflation remaining above the Fed’s 2% target. Uncertainty is higher amid the Trump administration’s changes to trade policy and tariffs along with…
U.S. airlines and aviation groups are warning Congress that a government shutdown at midnight would disrupt air travel, jeopardize safety and stall efforts to modernize the nation’s air traffic control system. The warning came in a letter from the Modern Skies Coalition — which includes Airlines for America, the trade…
President Donald Trump has won a $24.5 million settlement from YouTube over the platform’s suspension of his account following the Jan. 6, 2021, Capitol riots. The Alphabet-owned company is the last of the three major social media platforms sued by Trump, alongside Meta and Twitter, now called X, to resolve…
A listeria outbreak affecting certain recalled frozen meals sold at Trader Joe’s and Walmart has led to four deaths as well as 19 hospitalizations, according to the Centers for Disease Control and Prevention (CDC). The CDC issued a multi-state recall for ready-to-eat meals containing pasta that may have been contaminated by listeria. The…
As Washington’s partisan standoff deepens, the Labor Department is preparing for a potential halt in economic data if there is a partial government shutdown. The timing is especially sensitive. This week, the department is scheduled to release several closely watched reports that will offer important clues about the economy and…
New York state Assemblyman and New York City mayoral candidate Zohran Mamdani said that a “cornerstone” of his campaign is to increase funding for the legal defense of illegal immigrants facing deportation. Mamdani, a self-described democratic socialist who won the Democratic nomination in the mayoral race, said on MSNBC’s “The Weekend:…