RTX tumbles 10% after disclosing jet engine problem
RTX said some 200 engines will have to be removed from airline fleets for accelerated inspections.
GM blames supplier for slow EV production, says Chevy Bolt EV will live on
General Motors CEO Mary Barra blamed a supplier of automation equipment for the slow ramp-up of its new electric vehicles.
Home prices continue to climb with ‘striking’ regional differences, says S&P Case-Shiller
Home prices continue to heat but regional differences are widening, and the mid-west is leading the way.
Senate panel probes billionaire Leon Black’s $158 million in payments to Jeffrey Epstein
The Senate Finance Committee revealed an investigation into Apollo Global Management co-founder Leon Black’s ties to Jeffrey Epstein.
Musk explains why he’s rebranding Twitter to X: It’s not just a name change
Musk plans for X to expand to “add comprehensive communications and the ability to conduct your entire financial world.”
Biden administration aims to crack down on inadequate insurance for mental health care
Insurance plans often do not provide enough therapists in network, which requires patients to seek care out of network and pay more for their health care.
Extreme summer heat in the U.S. and Europe ‘virtually impossible’ without climate change
Scientists say the extreme heat sweeping across the globe reaffirms the urgency of cutting greenhouse gas emissions as quickly and as deeply possible.
General Motors raises full-year guidance, announces deeper cost-cutting
GM’s earnings included an unexpected $792 million charge for new commercial agreements between GM and LG Electronics and LG Energy Solution.
FTC chair defends track record on antitrust challenges, says big isn’t categorically bad
In remarks at the Economic Club of New York, Federal Trade Commission Chair Lina Khan defended her progressive approach to antitrust enforcement.
JPMorgan’s top strategist stays bearish stocks, but thinks this asset class may catch up
JPMorgan chief global equity strategist Marko Kolanovic says commodities stand out as “under-valued [and] under-owned.”
