Boeing, a prominent player in the aerospace industry, recently made headlines by agreeing to plead guilty to criminal fraud pertaining to the fatal 737 Max crashes. This decision not only tarnishes Boeing’s reputation by branding it as a felon but also raises concerns about its ability to continue conducting business as usual. The plea deal,
After months of negotiation, Paramount Global has agreed to merge with Skydance, marking a significant shift in leadership. The Redstone family, which has long controlled Paramount, will step away from control of the movie studio and media company. The new leadership team will consist of Ellison as CEO and Shell as president. This change in
Losing my wallet was a wake-up call that made me realize how vulnerable I was to identity theft and financial loss. As a CNBC intern working on personal finance stories, I thought I was well-informed about protecting my money and identity. However, the experience of losing my wallet taught me a few valuable lessons that
The current state of the U.S. airline industry is characterized by record demand for air travel, but this demand is not translating into record profits for airlines. Despite the forecast for increased demand and revenue, airlines are facing challenges that are impacting their bottom lines. Higher labor and other costs have eaten into profits, forcing
In the past year, there has been a significant surge in employment scams that target unsuspecting job seekers. Criminals are now leveraging artificial intelligence to carry out their schemes, resulting in a 118% increase in consumer reports of job scams in 2023 compared to the previous year. These scammers often pose as recruiters and post
Micron Technology (MU) has recently garnered attention as a top pick by Wall Street analysts. The company’s impressive performance in the fiscal third quarter, beating both top and bottom-line expectations, has investors excited about its future prospects. With the ongoing artificial intelligence (AI) wave driving demand, Micron Technology is poised for continued growth. Goldman Sachs
The trading week on Wall Street ended on a positive note, with the tech sector leading the way. Despite the holiday-shortened week, major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq saw gains. The S&P 500 and Nasdaq, in particular, closed at record highs, with impressive increases of nearly 2% and 3.5%,
Planning a wedding can be an exciting but financially daunting task. The guest list is one area where you can have the most significant impact on your budget. Even if you don’t opt for a micro-wedding with less than 25 guests, cutting down the guest list can still lead to substantial savings. By being selective
The landscape of investing is constantly evolving, especially for young, wealthy investors. According to recent research conducted by Bank of America, individuals between the ages of 21 and 43 with at least $3 million in investable assets are gravitating towards alternative investments. Unlike their older counterparts, who tend to favor traditional stocks and bonds, nearly
The issue of tax identity theft cases at the IRS is becoming increasingly critical, with a staggering number of unresolved cases stacking up. According to National Taxpayer Advocate Erin Collins, as of April, there were approximately 500,000 pending identity theft cases, representing a worrying increase from the previous figure of 484,000 cases in September. One
