Boeing’s decision to appoint Robert “Kelly” Ortberg as CEO comes at a critical time for the company. Ortberg, a seasoned aerospace veteran with a background in mechanical engineering, will be stepping into a challenging role. He will be tasked with addressing persistent losses, navigating heightened regulator scrutiny, rebuilding trust with airline customers, and managing tense
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The Biden administration is once again making an attempt to forgive the student debt of millions of Americans, following a previous unsuccessful effort that was struck down by the Supreme Court. The U.S. Department of Education is set to reach out to borrowers who may qualify for this large-scale loan forgiveness in the upcoming days.
The recent lawsuit filed by Washington, D.C., Attorney General Brian Schwalb against StubHub sheds light on the deceptive and unfair pricing tactics employed by the online ticket exchange platform. The allegations of hidden fees and misleading advertising have raised concerns among consumers and lawmakers alike. The lawsuit accuses StubHub of using deceptive advertising to lure
Budget air travel has long been associated with sacrificing comfort and amenities for a cheaper fare. However, Spirit Airlines, known for its ultra-low-cost model, is looking to change that perception. In a recent announcement, the Florida-based carrier unveiled plans to offer new ticket packages that include perks that were previously only available as add-ons for
In the midst of an ever-changing real estate landscape, there seems to be a glimmer of hope for prospective homebuyers. According to recent data from the Mortgage Bankers Association, there has been a slight improvement in home affordability this summer. The median new mortgage payment in June dropped to $2,167, a 2.4% decline from the
In the world of cryptocurrency, predicting future prices can feel like trying to forecast the weather in a hurricane. With political and economic uncertainty looming large, investors find themselves in a state of flux, unsure of which way the wind will blow. The recent interest rate news from the Federal Reserve and policy proposals from
On Tuesday, Russian lawmakers made a significant move by approving a new law that allows businesses to use cryptocurrency for international payments. The State Duma, the lower house of the Russian Parliament, gave the initial green light to the legislation, marking a historic decision in the financial sphere. Anatoly Aksakov, the head of the Duma,
Berkshire Hathaway, the investment conglomerate led by Warren Buffett, has been on a selling streak with its significant Bank of America stake. Over the course of nine consecutive trading days, Berkshire has sold a total of 71.2 million shares, amounting to over $3 billion in sales. The most recent regulatory filing revealed that Berkshire sold
Procter & Gamble recently reported its quarterly results, showing a mix of both positive and negative outcomes. One positive aspect was the increase in volume for the first time in over two years. This increase in volume is a significant indicator of demand, as it excludes pricing and provides a more accurate reflection of consumer
The United Arab Emirates has solidified its position as the top destination for wealthy individuals looking to relocate, according to the Henley Private Wealth Migration Report. The report projects a record net inflow of 6,700 millionaires from around the world to the UAE by the end of 2024, a number nearly double that expected to