The Justice Department will criminally charge Boeing with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial
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Category: Business
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.
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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.
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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
US consumer confidence retreats slightly; house prices remain elevated
The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
Read More US consumer confidence retreats slightly; house prices remain elevated
Big US banks expected to be cautious on shareholder payouts
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks.
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