Boeing, the aerospace giant, has recently appointed Robert “Kelly” Ortberg as its new CEO, in an effort to navigate its way through numerous challenges in the wake of safety and manufacturing crises. Ortberg, a long-time aerospace veteran, will be taking on the role starting on Aug. 8. This appointment comes at a critical time for
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The recent lawsuit filed by Washington, D.C.’s Attorney General Brian Schwalb against StubHub shines a light on the shady practices of this online ticket exchange platform. The allegations of deceptive and unfair pricing practices have raised concerns among consumers and lawmakers alike. StubHub’s use of deceptive advertising, such as hiding true ticket prices and adding
The Biden administration is once again making an attempt to forgive the student debt of millions of Americans following the Supreme Court’s rejection of their initial effort. The U.S. Department of Education is set to contact borrowers who may qualify for widespread loan forgiveness in the upcoming days, with the aim of providing relief in
Recent reports indicate a slight improvement in home affordability for buyers this summer. According to data from the Mortgage Bankers Association, the median new mortgage payment dropped to $2,167 in June, showing a 2.4% decline from the previous month. This improvement is attributed to declining mortgage rates, which have increased the purchasing power of homebuyers
Spirit Airlines, long known for its budget-friendly travel options, is shaking up the industry with a new approach to air travel. In a recent announcement, the Florida-based carrier shared plans to offer packages for its highest-priced tickets, bundling in perks that were previously only available as add-ons. This move represents a significant shift for the
The recent approval of a new law in Russia allowing the use of cryptocurrency for international payments marks a significant shift in the country’s financial landscape. The State Duma, Russia’s lower house of parliament, made the decision in response to ongoing pressure from Western sanctions. This move, spearheaded by Anatoly Aksakov, the head of the
Procter & Gamble recently reported its quarterly results, revealing a mixed bag of performance. However, one positive highlight was the increase in the company’s volume, marking the first growth in more than two years. By focusing on volume, which excludes pricing, P&G gains a more accurate representation of consumer demand compared to sales figures. In
In the world of cryptocurrency, predicting future prices is considered nearly impossible, especially amidst political and economic uncertainty. With factors such as interest rate news from the Federal Reserve and policy proposals from influential figures like Former President Donald Trump, the cryptocurrency market remains highly volatile. Despite this uncertainty, it is important for investors to
Warren Buffett’s Berkshire Hathaway has been on a selling streak, reducing its stake in Bank of America for nine consecutive days. This suggests that the conglomerate is not just trimming its longtime holding, but potentially shifting its investment strategy. Over the past nine trading sessions, Berkshire has sold a total of 71.2 million shares of
British oil giant BP exceeded analyst expectations by reporting an underlying replacement cost profit of $2.8 billion for the second quarter. This result was higher than the predicted $2.6 billion, showcasing the company’s ability to perform well in a challenging market environment. Additionally, BP raised its dividend by 10%, demonstrating confidence in its financial performance
