Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year.
Read More US weekly jobless claims rise as labor market gradually slows
Category: Business
Boeing-Spirit: Spirit Aero chief in spotlight as Boeing searches for new CEO
Boeing’s long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the search for a new CEO.
Read More Boeing-Spirit: Spirit Aero chief in spotlight as Boeing searches for new CEO
US to criminally charge Boeing, seek guilty plea, sources say
The Justice Department will criminally charge Boeing with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial
Read More US to criminally charge Boeing, seek guilty plea, sources say
US inflation ebbs in May as goods prices fall
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
Read More US inflation ebbs in May as goods prices fall
NTSB sanctions Boeing over release of 737 MAX investigation details
The National Transportation Safety Board said it was sanctioning Boeing for disclosing non-public details of an ongoing investigation into a 737 MAX mid-air emergency.
Read More NTSB sanctions Boeing over release of 737 MAX investigation details
US new home sales slump to six-month low in May
Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand.
Read More US new home sales slump to six-month low in May