Boeing will plead guilty to a criminal fraud charge tied to fatal 737 Max crashes, the Justice Department said Sunday, months after U.S. prosecutors said the aerospace giant violated a 2021 settlement that shielded it from prosecution. Under the deal, Boeing agreed to pay a $243.6 million fine. An independent compliance monitor would also be installed to oversee compliance at Boeing for three ...
This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Unlike most people who switched jobs during the Great Resignation, Shannon Penney is working twice as much for roughly the same pay she made years ago. She wouldn’t change it. Penney, 37, became disenchanted nearly a decade ago with her work ...
Gasoline prices are still slightly cheaper than this time a year ago, but they’ve been inching up this week. At about $3.51 as of Friday, a gallon of regular costs just a penny less than it did at the same time in 2023, according to AAA. There’s still some uncertainty ahead, given the record 60 million travelers who were expected ...
Cathy Balestriere was expecting “especially low” bookings last month at Crane’s Beach House, the boutique hotel she manages in Delray Beach, Florida. Instead, they jumped 12% from the year before. “It feels like a miracle based on where we were sitting just a few weeks ago,” she said. It’s not a miracle. It’s the weather. The surge coincided with a ...
This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Becky Melvin can usually be found on her phone — but not for the reasons many other Americans are. Melvin, 61, of the Jacksonville, Florida, area, was laid off from a nearly six-figure public relations job in Nashville, Tennessee, in 2019. Since ...
The economy added 206,000 jobs last month, according to fresh government data, but unemployment inched above 4% for the first time in over two years. The June jobs report, released Friday morning by the Bureau of Labor Statistics, showed somewhat hotter hiring than the 200,000 nonfarm job gains economists had expected. That marked a slowdown since May, whose level was ...
Americans will be splashing around this summer in the backyard pools they’ve already got, but not splashing out as much on new ones. Swimming pool installations were part of the home improvement frenzy that swept the country during the pandemic as Americans were stuck at home. But recent signs show demand is slowing as households with spending money shift it ...
This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Stefanie Longenecker would love to take advantage of rising wages, a strong job market and the master’s degree she’s still paying off. But she has been sidelined from the workforce by a child care system that has grown inaccessible for many ...
Target will soon stop accepting personal checks as a form of payment at checkout. In a statement to NBC News, the retail giant said it was committed to creating an easy and convenient checkout experience — but that due to ‘extremely low volumes,’ it would no longer take personal checks starting July 15. It said it has taken several measures to ...
Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month. Some airlines have forecast record demand, and in some cases, revenue. On Sunday, the Transportation Security Administration screened more than 3 million people, a one-day record. But higher labor and other costs have eaten into airlines’ ...