Category: Business
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A Southwest Boeing 737 lost engine cover during takeoff, FAA is investigating
A Southwest Airlines Boeing 737 MAX 8 arrives at Daniel K. Inouye International Airport on January 20, 2024 in Honolulu, Hawaii. Kevin Carter | Getty Images An engine cowling fell off of a Southwest Airlines Boeing 737-800 and struck a wing flap during takeoff from Denver International Airport, the Federal Aviation Administration said Sunday. The…
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62-year-old started her business with $1,000—now it brings in over $25 million a year: ‘I just had to do this’
Deryl McKissack’s career is a culmination of effort from five generations. The 62-year-old is the president and CEO of McKissack & McKissack, the Washington, D.C.-based construction management and design firm behind some of today’s most recognizable buildings — from building the Smithsonian African American Museum of History and Culture to repairing the Abraham Lincoln and Thomas…
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U.S. and China need ‘tough’ conversations, Yellen tells Chinese Premier Li
U.S. Treasury Secretary Janet Yellen shakes hands with Chinese Premier Li Qiang at the Great Hall of the People in Beijing on April 7, 2024, as Yellen begins two days of high-level talks in Beijing. Tatan Syuflana | Afp | Getty Images U.S. Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on Sunday that the ability…
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Trump says going to jail for gag order violation would be a ‘great honor,’ compares himself to Mandela
Former U.S. President Donald Trump speaks at a campaign event on April 02, 2024 in Grand Rapids, Michigan. Spencer Platt | Getty Images Donald Trump on Saturday said he welcomed the prospect of going to jail for violating a gag order in his upcoming New York hush money trial. “I will gladly become a Modern…
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10 U.S. states where Americans earn the lowest incomes—only 2 aren’t in the South
Throughout the U.S., workers earn a median annual wage of about $48,080, according to the latest available data from the Bureau of Labor Statistics. But in the three states where workers earn the least, the median annual wage sits below $40,000 a year. And notably, all but two of the 10 lowest-earning states are in…
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Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop
Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Gonzalo Fuentes | Reuters Tesla will reveal its robotaxi product on Aug. 8, CEO Elon Musk said…
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Good news is good news for the market — finally. Also, a recently struggling stock may be a buy
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Good news is good news: The…
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Fed caution may be justified if the labor market starts to deteriorate. Here’s why that could happen
March’s robust job gains may push the Federal Reserve into a more cautious stance regarding potential rate cuts, with conflicting signs emerging about the labor market’s strength. After the Labor Department’s nonfarm payrolls report Friday showed a robust gain of 303,000, futures market pricing indicated barely more than 50% of a chance that the Fed…
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Where to get your free solar eclipse glasses: Warby Parker, the public library and more
Some astronomy aficionados are paying top dollar to catch the upcoming total solar eclipse, but there are plenty of options to take in the rare astrological phenomenon for free. If you find yourself in the path of totality, you’ll want to make sure that you’re using eye protection before turning your gaze upward. Experts warn…
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43-year-old started a side hustle in college with $150—now it brings in $200 million a year: It took ‘everything that I had’
Two decades ago, Seth Berkowitz was a college student with a late-night craving for a “warm, delicious treat.” Today, he’s the CEO of Insomnia Cookies, the company he co-founded as a college junior and grew into a chain with more than 260 locations by satisfying that very craving for customers around the world. Insomnia was…