Category: Business

Boeing reached a $2.5 billion settlement with the Justice Department on Thursday to settle criminal charges that the company defrauded the Federal Aviation Administration when it first won approval for the flawed 737 Max jet. The plane was grounded by the FAA in March 2019 following two fatal crashes that killed 346 people. It was […]

Wall Street has often been unfazed by civil unrest in America. As long as the turmoil didn’t have a tangible impact on earnings or economic growth, investors just kept buying stocks. That was the case in after the assassination of President Kennedy in 1963, during civil rights marches in the South in 1965, following Vietnam […]

The surprise sweep by Democrats in Georgia should pave the way for a faster economic recovery from the pandemic, says Goldman Sachs. The bank upgraded its 2021 GDP and unemployment forecasts Wednesday evening after CNN and other media outlets projected Democrats will take control of the US Senate, saying it means they will have enough […]

Facebook and Instagram will ban President Donald Trump’s account from posting for at least the remainder of his term in office and perhaps “indefinitely,” Mark Zuckerberg said in a blog post on Thursday. “We believe the risks of allowing the President to continue to use our service during this period are simply too great,” the […]

Digital security experts are raising the alarm over Wednesday’s breach of the US Capitol, which not only threatened lawmakers’ physical safety but also created potential national security and intelligence risks, they say. As rioters stormed the Capitol building, they broke into congressional offices, ransacked papers and in at least one case, stole a laptop, according […]

In an extraordinary move, Simon & Schuster announced Thursday that it would no longer publish a planned book by Sen. Josh Hawley, one of the Republican lawmakers who led objections to Congress certifying President-elect Joe Biden’s victory. “After witnessing the disturbing, deadly insurrection that took place on Wednesday in Washington, D.C., Simon & Schuster has […]