Boeing recently made a significant move by announcing its decision to buy back the struggling fuselage maker Spirit AeroSystems in an all-stock deal. This acquisition, valued at $8.3 billion, is expected to bring about improvements in safety and quality control within the company. The planemaker agreed to pay $37.25 a share in Boeing stock for
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The United States is falling far behind in its goal to generate 30,000 megawatts of wind power by 2030. The Charybdis, an enormous boat currently 89% built, holds the promise of changing this trajectory. Named after a mythological Greek sea monster, this vessel will play a critical role in offshore wind energy projects. The ship
Following a lackluster debate performance by President Joe Biden against Donald Trump, former Presidents Barack Obama and Bill Clinton attempted to do some damage control. They both took to social media to address the issue and reassure the public that despite the debate fumble, Biden is still the preferable candidate for the upcoming election. The
In a recent report by the Commerce Department, it was revealed that inflation in May has slowed to its lowest annual rate in over three years. The core personal consumption expenditures price index saw a meager increase of just 0.1% for the month, with a year-on-year increase of 2.6%. These numbers are down 0.2 percentage
The upcoming release of the Personal Consumption Expenditures (PCE) price index by the Commerce Department is generating significant anticipation among economists and investors. The PCE price index, closely monitored by the Federal Reserve as a key measure of inflation, is expected to show minimal, if any, monthly growth for May. This would mark the first
Rep. Lauren Boebert, a Republican from Colorado, clinched her party’s primary on Tuesday, securing the nomination after opting to run in a different district than the one she narrowly won re-election in 2022. Boebert’s victory came after defeating five other Republicans for the party’s nomination in Colorado’s 4th District. This district became available after Rep.
In a surprising move, General Motors’ Cruise autonomous vehicle unit has appointed Marc Whitten, a former Amazon and Microsoft executive, as its new CEO. Whitten brings with him a wealth of experience from his time at some of the most prominent tech companies in the world, including Microsoft’s Xbox and Amazon. The decision to bring
The ongoing issues with the new Free Application for Federal Student Aid (FAFSA) have created a significant barrier for high school seniors looking to apply for financial aid. As of June 14, only 45% of the high school class of 2024 has completed the FAFSA, representing a decline compared to the previous year. The complexity
In 2022, an unsettling incident occurred at the San Francisco home of Rep. Nancy Pelosi and her husband, Paul Pelosi. A man named David DePape broke into their home and attacked Paul Pelosi with a hammer. Following the break-in, DePape was found guilty in both state and federal cases for this violent act. The attack
In the current landscape of American politics, megadonors are playing an increasingly influential role in shaping the outcomes of elections. The most recent filings reveal staggering figures of donations being poured into political campaigns and outside groups, setting the stage for what is anticipated to be the most expensive election in history. One such example
