In a crucial development, House and Senate leaders have come to an agreement on a short-term spending deal that would prevent a government shutdown in the upcoming weeks, according to three sources familiar with the matter. This deal aims to keep the government funded until March, allowing legislators more time to formulate longer-term spending bills
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The Federal Aviation Administration (FAA) has announced an upcoming audit of Boeing’s production line, specifically focusing on the 737 Max 9 model. This decision comes after a door plug blew off an Alaska Airlines 737 Max 9, resulting in the grounding of over 170 aircraft of the same model worldwide. The FAA intends to evaluate
Tesla, the electric vehicle (EV) manufacturer, is making adjustments to its workers’ pay across its factories in the United States. Notices posted at the company’s vehicle assembly plant in Fremont, California, indicate that pay increases will be implemented starting this month. These changes come after Tesla workers in Nevada were informed of their hourly rate
In a blow to both Amazon and iRobot, shares of the Roomba maker plummeted by 19% following reports that Amazon’s concessions to Europe’s antitrust watchdog were rejected. The European Commission expressed concerns over potential competition issues arising from the planned $1.7 billion acquisition, prompting the need for Amazon and iRobot to propose changes to their
In a recent incident involving an Alaska Airlines flight, a door plug on a Boeing 737 Max 9 blew out, causing a gaping hole in the fuselage and prompting federal regulations to ground this particular aircraft type. Boeing CEO, Dave Calhoun, wasted no time in acknowledging the company’s mistake, highlighting the importance of safety and
In the midst of discussions suggesting that the economy might avoid a recession, a Deutsche Bank economist, Jim Reid, is cautioning against complacency. According to Reid, the optimistic talk surrounding a soft landing is not uncommon before the economy takes a downturn. While factors such as a strong labor market and resilient consumer spending have
In a concerning turn of events, Secretary of Defense Lloyd Austin was recently hospitalized following complications from a recent elective medical procedure. This news comes at a time of heightened tensions in the Middle East, adding to the already delicate situation. The delay in informing senior officials in the White House’s National Security Council of
Coinbase, the leading U.S. cryptocurrency exchange, has announced plans to offer crypto-linked derivatives in the European Union (EU). As part of this expansion, Coinbase has entered into an agreement to acquire an unnamed holding company that possesses a MiFID II license, a regulatory framework governing financial instruments in the EU. This move signifies Coinbase’s ambition
The U.S. National Labor Relations Board (NLRB) has recently filed a complaint against SpaceX, the aerospace company founded by Elon Musk. According to the complaint obtained by CNBC through a Freedom of Information Act request, the NLRB alleges that SpaceX illegally dismissed eight employees after they wrote an open letter criticizing Musk and accusing the
The Federal Reserve recently released the minutes from their December meeting, revealing that interest rate cuts are likely to occur in 2024. Although they provided few details on when these cuts might happen, Federal Reserve officials expressed a consensus that three quarter-percentage point cuts can be expected by the end of 2024. However, there remains