Current:Home > InvestThe Daily Money: Is Boeing criminally liable for 737 Max deaths? -RiseUp Capital Academy
The Daily Money: Is Boeing criminally liable for 737 Max deaths?
View
Date:2025-04-18 00:26:17
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! (4)
Related
- Louvre will undergo expansion and restoration project, Macron says
- Why Dwayne Johnson Is Rooting For Best Friend Emily Blunt and Oppenheimer at Oscars 2024
- Stratolaunch conducts first powered flight of new hypersonic vehicle off California coast
- March Madness automatic bids 2024: Who has clinched spot in men's NCAA Tournament?
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Nǎi Nai and Wài Pó Stars Offer the Sweetest Moment at the 2024 Oscars Red Carpet
- Muslims welcome the holy month of Ramadan with a mix of joy and deep concern
- France enshrines abortion as a constitutional right as the world marks International Women’s Day
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Nǎi Nai and Wài Pó Stars Offer the Sweetest Moment at the 2024 Oscars Red Carpet
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Social media reacts to Sean O'Malley's dominant title defense at UFC 299 vs. Marlon Vera
- No. 1 South Carolina wins SEC Tournament over No. 8 LSU 79-72 in game marred by skirmish, ejections
- 3 dead, several injured in early morning shooting in Jonesboro, Arkansas
- DoorDash steps up driver ID checks after traffic safety complaints
- Judge tosses challenge of Arizona programs that teach non-English speaking students
- West Virginia Legislature ends session with pay raises, tax cut and failure of social issue bills
- Can Carbon Offsets Save a Fragile Band of Belize’s Tropical Rainforest?
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
2024 starting pitcher rankings: Spencer Strider, Gerrit Cole rule the mound
Patrick Mahomes' Brother Jackson Mahomes Sentenced to 6 Months Probation in Battery Case
2024 Oscars: Mark Consuelos Is the Ultimate Instagram Husband as Kelly Ripa Rocks Lingerie Look
Stamford Road collision sends motorcyclist flying; driver arrested
Krystyna Pyszková of Czech Republic crowned in 2024 Miss World pageant
Who helps make Oscar winners? It's past time Academy Awards let casting directors win, too.
Patrick Mahomes' Brother Jackson Mahomes Sentenced to 6 Months Probation in Battery Case