Current:Home > StocksThe Daily Money: Is Boeing criminally liable for 737 Max deaths? -Capitatum
The Daily Money: Is Boeing criminally liable for 737 Max deaths?
Chainkeen View
Date:2025-04-06 05:48:33
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! (51)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Fox News Radio and sports reporter Matt Napolitano dead at 33 from infection, husband says
- Man fatally shot by Connecticut police was wanted in a 2022 shooting, fired at dog, report says
- Herb Kohl, former US senator and owner of the NBA’s Milwaukee Bucks, has died. He was 88
- Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
- Taylor Swift fan died of heat exhaustion during Rio concert, officials report
- Almcoin Trading Center: Detailed Explanation of Token Allocation Ratio.
- The New York Times sues OpenAI and Microsoft over the use of its stories to train chatbots
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- Blue Jackets' Zach Werenski leaves game after getting tangled up with Devils' Ondrej Palat
Ranking
- Meta releases AI model to enhance Metaverse experience
- University of Wisconsin system fires chancellor for reputation-damaging behavior
- New Toyota, Subaru and more debut at the 2023 L.A. Auto Show
- Man City inspired by world champion badge to rally for 3-1 win at Everton. Rare home win for Chelsea
- $73.5M beach replenishment project starts in January at Jersey Shore
- Stock market today: Asian shares power higher following slight gains on Wall Street
- Packers suspend CB Jaire Alexander for 'detrimental' conduct after coin toss near-mistake
- Gypsy Rose Blanchard set to be paroled years after persuading boyfriend to kill her abusive mother
Recommendation
Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
Great 2023 movies you may have missed
Good girl! Virginia police dog helps track down missing kid on Christmas morning
In its 75th year, the AP Top 25 men’s basketball poll is still driving discussion across the sport
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Fox News Radio and sports reporter Matt Napolitano dead at 33 from infection, husband says
Man fatally shot by Connecticut police was wanted in a 2022 shooting, fired at dog, report says
New Orleans landlord gifts tenants 1 month of free rent for holidays: Better than Santa Claus