Category: Blog
Boeing flags potential delays after supplier finds another problem
Boeing discovered another problem in some of its 737 Max fuselages that may delay deliveries of about 50 planes in the latest quality gaffe to plague the giant aircraft manufacturer. Boing said late Sunday that an employee of a supplier alerted managers about improperly drilled holes. The head of Boeing’s commercial airplanes division said some planes that have not yet been delivered to airlines will…
Keeping children safe on social media: What parents should know to protect their kids
Social media CEOs got grilled by Senate lawmakers this week in an emotional and often heated hearing about the dangers their platforms pose to children — sexual predators, videos encouraging suicide and glorifying eating disorders, bullying and addictive features, just to name a few. Republican and Democratic senators came together in a rare show of agreement throughout the hearing, though it’s not yet clear if…
Turkey has another new central bank leader. Here’s what it means for the battered economy
ISTANBUL — Turkey has seen its fifth central bank leader depart in as many years as Hafize Gaye Erkan, the first woman in the top role, stepped down after just eight months in the job. She announced her resignation late Friday after recent claims of nepotism emerged in local media, allegations that Erkan, a former senior Goldman Sachs executive, strongly rejected. While President Recep Tayyip…
Stock market today: Wall Street falls from its all-time high as cuts to rates look further off
NEW YORK — Shares are mixed in Asia, where Chinese markets advanced after a government investment fund said it would step up stock purchases. But the gains in Shanghai, Shenzhen and Hong Kong were much smaller than recent losses. Oil prices rose and U.S. futures were mixed. China’s Central Huijin Investment, a sovereign fund that owns China’s state-run banks and other big government controlled enterprises,…
Culinary union reaches tentative contracts with hotel-casinos as Las Vegas kicks off Super Bowl week
A union representing hospitality workers says it has reached a tentative agreement with six more hotel-casinos in downtown Las Vegas and called off a strike deadline for another ByThe Associated Press February 5, 2024, 10:53 AM FILE – Members of the Culinary Workers Union rally along the Las Vegas Strip, Aug. 10, 2023, in Las Vegas. The union representing hospitality workers says it has reached…
Snap, the owner of Snapchat, is laying off about 10% of its global workforce
The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 530 employees, the latest tech company to announce layoffs ByMICHELLE CHAPMAN AP business writer February 5, 2024, 10:52 AM The icon for instant messaging app Snapchat is seen on a smartphone, Feb. 28, 2023, in Marple Township, Pa. The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or…
Swiss bank UBS reports pretax loss in 4Q, plans share buybacks after Credit Suisse deal wraps up
UBS has reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continues to integrate its longtime rival Credit Suisse after a government-orchestrated merger ByJAMEY KEATEN Associated Press February 6, 2024, 3:11 AM GENEVA — UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit…
Pennsylvania Capitol protest against state investing in Israel bonds ends with arrests
More than 100 people protesting the Pennsylvania state government’s investments in Israel were taken into custody in the Capitol Rotunda in Harrisburg ByMARK SCOLFORO Associated Press February 5, 2024, 3:53 PM HARRISBURG, Pa. — Police took into custody more than 100 people protesting the Pennsylvania state government’s investments in Israel on Monday, shutting down a demonstration on the steps of the Capitol Rotunda in Harrisburg….
Millennial Money: So you got a raise? Here’s what to do with the money
Whether it’s a 5% increase or a 20% bump, a pay raise at work is an opportunity to take charge of your financial priorities. A small raise might not seem like much when it’s broken down into a biweekly paycheck, but over time, that difference in income could provide a boost to your lifestyle or be put toward other financial goals. Whether you decide to…
BP earns $3 billion at the end of last year but saw its annual profit fall by half from 2022
LONDON — Oil and natural gas giant BP beat expectations on Tuesday with earnings of $3 billion in the last three months of 2023, bringing last year’s total to half its record 2022 profit as energy prices have fallen since spiking after Russia’s invasion of Ukraine. London-based BP reported its underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories,…