Current:Home > StocksThe Daily Money: Is Boeing criminally liable for 737 Max deaths? -ProfitEdge
The Daily Money: Is Boeing criminally liable for 737 Max deaths?
View
Date:2025-04-16 08:53:09
Good morning! It's Daniel de Visé with your Daily Money.
Boeing has violated a 2021 agreement that shielded it from criminal prosecution after two 737 Max disasters left 346 people dead overseas, the Department of Justice claims in a new court filing.
According to the DOJ, Boeing failed to "design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations."
The planemaker has been under increased scrutiny by regulators and lawmakers this year following the latest grounding of its 737 Max jets.
What happens next?
High interest rates taking a toll on construction
Three years ago, when a local developer hatched plans for a 352-unit apartment building in West Philadelphia, the project was a no-brainer, Paul Davidson reports.
The city needed tens of thousands of affordable and reasonably priced housing units. Construction costs were a relative bargain. And interest rates were at historic lows.
But after pandemic-related material and labor shortages raised construction costs and the Federal Reserve’s flurry of interest rate hikes in 2022 and 2023 pushed borrowing costs to 23-year highs, the developer of the West Philly building scrapped the project.
High interest rates are compounding the effects of spiraling construction costs and forcing developers to scrap, significantly delay or shelve a growing share of projects across the U.S.
Here's how the construction industry is affected.
📰 More stories you shouldn't miss 📰
- Auto insurance costs are rising. Here's how to save.
- Bumble under fire for 'shaming' women.
- Will meme stock traders aid Trump Media?
- What the Fed said about interest rates.
- 3 ways to hedge against inflation.
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
Wi-Fi, laptops and mobile phones have made work from anywhere a reality for many of us, Medora Lee reports. But working while moving from state to state could cause a tax headache.
If you work in a different state from where you live, you may have to file more than one state income tax return.
Here are the states to worry about.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (2873)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Nicole Kidman Speaks Out After Death of Her Mom Janelle Kidman
- 'Bachelorette' Jenn Tran shares her celebrity crush on podcast. Hint: He's an NBA player.
- Ruling blocks big changes to Utah citizen initiatives but lawmakers vow appeal
- The Daily Money: Spending more on holiday travel?
- Tua Tagovailoa concussion timeline: Dolphins QB exits game against Bills with head injury
- An 8-year-old boy who ran away from school is found dead in a neighborhood pond
- Powerball winning numbers for September 11: Jackpot rises to $134 million
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- New York governor says she has skin cancer and will undergo removal procedure
Ranking
- Small twin
- Principal indicted, accused of not reporting alleged child abuse by Atlantic City mayor
- September 2024 full moon is a supermoon and harvest moon: When to see it
- Tagovailoa diagnosed with concussion after hitting his head on the turf, leaves Dolphins-Bills game
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Colorado mass shooting survivor testifies the gunman repeated ‘This is fun’ during the attack
- Plants and flowers safe for cats: A full list
- Actor Chad McQueen, son of Steve McQueen, dies at 63
Recommendation
'We're reborn!' Gazans express joy at returning home to north
Principal indicted, accused of not reporting alleged child abuse by Atlantic City mayor
Disney superfan dies after running Disneyland half marathon on triple-digit day
Demi Lovato Has the Sweetest Reaction to Sister Madison De La Garza’s Pregnancy
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Disney, Marvel, and Star Wars Items That Will Sell Out Soon: A Collector's Guide
Colorado mass shooting survivor testifies the gunman repeated ‘This is fun’ during the attack
Smartmatic’s suit against Newsmax over 2020 election reporting appears headed for trial