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Business

“Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant”

“…The departures come as airlines and regulators have been increasing calls for major changes at the company after a host of quality and manufacturing flaws on Boeing planes. Scrutiny intensified after a Jan. 5 accident, when a door plug blew out… Continue Reading…

Business

“Gap to lay off 1,800 workers as part of broad push to cut costs”

“Gap will lay off about 1,800 employees as part of a broad effort to cut costs and streamline operations, the company said Thursday.  The cuts, first revealed on Tuesday, are more than three times larger than the 500 layoffs it… Continue Reading…

Cryptocurrencies

“Bitcoin plunges 30% to $30,000 at one point amid broad cryptocurrency sell-off”

“Bitcoin plunged to near $30,000 at one point on Wednesday morning, continuing a major sell-off in the cryptocurrency markets that began a week ago. The digital currency was down about 13% for the day shortly before noon ET at $37,490, according… Continue Reading…

Economy

“U.S. Core Consumer Inflation Tops Projections in Broad Gain”

“The core consumer price index, which excludes food and energy, rose 0.3% from the prior month, the most since January 2018, and 2.1% from a year earlier, Labor Department data showed Thursday. Both figures exceeded estimates. The broader CPI climbed… Continue Reading…