Business + Money

Boeing CEO Dave Calhoun has announced his intention to step down as head of the major aerospace manufacturer following ongoing safety and security issues for the company. Tough Times for Boeing It’s been a rough few months for Boeing, one of America’s foremost aerospace manufacturers. And now, in the midst of growing concerns around aircraft … Read more

Controversy in Washington this week as Biden’s administration has raised an outcry by conservative groups over the use of Democratic earmarks – money reserved in spending bills for initiatives and projects that lawmakers want to push specifically. Here’s the full story Outcry Over Earmarks Biden’s new budget request has caused quite a commotion. This budget request … Read more

Democratic lawmakers have come out in force this week with an open letter to President Joe Biden stating that some of the country’s most vulnerable are losing their access to Social Security due to their student loans. Here’s the full story. Call to Halt Social Security Benefit Sanctions Democratic lawmakers have said in an open … Read more

Workers in Disney’s luxury resorts spend their days tending to wealthy vacationers but lack the resources to meet their own basic needs. Will a lawsuit change that? The Workers Behind the Magic In sunny Anaheim, California, millions of families spend thousands of their hard-earned dollars on resort vacations surrounded by their favorite Disney characters. For … Read more

The gender pay gap remains a persistent issue across industries and demographics, with women earning significantly less than men despite efforts to achieve pay equity. Legislative changes, societal commitment, and employer transparency are crucial for narrowing the disparities and ensuring fair compensation. New Data from Australia Recent data from Australia reveals significant gender pay gaps … Read more

Another round of nearly $6 billion in student debt forgiveness has been approved for 77,000 public service workers. $6b Loan Forgiveness President Biden has announced that nearly $6 billion in student loan debt would be canceled for 77,000 Americans who work in public services. The newest round of debt forgiveness came under the Public Service … Read more

Chainalysis uncovers how stablecoins, traditionally seen as safe havens in the crypto world, are increasingly being exploited for scams and evading international sanctions. Wide Open for Illicit Activities The rising popularity of stablecoins pegged to stable values like the US dollar has transformed the cryptocurrency landscape and opened avenues for illicit activities. Extent with Scams … Read more

The Federal Reserve is poised to initiate a series of interest rate cuts starting in March 2024, a move that Goldman Sachs analysts believe will lead to five reductions this year. This strategic shift, aimed at fostering a stable economic slowdown and managing inflation levels, promises to have widespread effects on various sectors of the … Read more

Discount variety chain Dollar Tree will close nearly 1000 stores in the next few years. 1000 Stores Closing Dollar Tree has announced that it will close to 1,000 Family Dollar and Dollar Tree stores after reviewing its performance in the 2023 fiscal year. In a press release announced on Wednesday, the company cited a “comprehensive … Read more

The company that owns Marlboro cigarettes is selling $2.3 billion worth of shares in major brewing company Anheuser-Busch InBev. Altria Dropping Millions of Shares U.S. manufacturer Altria Group, which produces Marlboro cigarettes, is planning to sell its shares in Anheuser-Busch InBev, the parent company of Bud Light. The announcement came on Thursday, following controversy over … Read more