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☆ The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement
▼ + stars: | 2024-03-15 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

The NAR, which represents more than 1 million Realtors, also agreed to put in place a set of new rules. One prevents sellers’ brokers from setting buyers’ agents’ compensation, which critics say led brokers to push more expensive properties on customers. Another new rule will require buyers’ brokers to enter into written agreements with their buyers. Realtors could now compete on commissions, allowing for prospective buyers to shop around on rates before they commit to buying a home. The association also faces scrutiny from the US Department of Justice, and it’s unclear whether this settlement with sellers will impact the government’s scrutiny of the brokerage industry.

Persons: ”, Kevin Sears, Nykia Wright, Homesellers, HomeServices, Wright Organizations: CNN, National Association of Realtors, NAR, Realtors, realtors, US Department of Justice Locations: Missouri, America, litigate

☆ Premarket stocks: Congress has bad news for Wall Street
▼ + stars: | 2024-03-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Dealmaking is the lifeblood of Wall Street. But analysts say that funding cuts in the plan could end up harming mergers and acquisitions on Wall Street, squashing hopes of a recovery in dealmaking. The bad news: Recent regulations and proposed budget cuts threaten to step on those green shoots before they’re able to flower. Why it matters: Dealmaking isn’t just good for Wall Street. Shares of the stock are down nearly 30% so far this year after its seemingly nonstop streak of bad luck.

Persons: New York CNN — Dealmaking, Joe Biden, squashing, It’s, Goldman Sachs, ”, Lucille Jones, Jones, Mitch Berlin, Biden, ’, ” Berlin, That’s, Hewlett Packard, “, TikTok —, Brian Fung, TikTok, Shou Chew, Nadya Okamoto, Okamoto, Teddy Siegel, Siegel, David Goldman, LATAM, it’s, Max Organizations: CNN Business, Bell, New York CNN, Wall, LSEG, Federal Reserve, Federal Trade Commission, Department of Justice, Congressional, Office, CNN, Discover Financial Services, Hewlett, Juniper Networks, Target, Boeing, Alaska Airlines, United Airlines, The National Transportation Safety, Federal Aviation Administration, FAA, NTSB Locations: New York, dealmaking, EY, Berlin, “, LSEG, Australia, New Zealand, Newark

☆ Alaska Airlines flight was headed for maintenance the same day part of the plane blew off
▼ + stars: | 2024-03-12 | by ( David Goldman | Gregory Wallace | ) edition.cnn.com time to read: +3 min

CNN —Alaska Airlines flight 1282, on which a door plug blew off the side of the plane shortly after takeoff on January 5, was scheduled to be taken out of service for maintenance the night of the incident, the airline said Tuesday. Such deferred maintenance is common and legal, and the plane had made 154 successful flights before the blowout. It’s not clear that an expedited maintenance schedule would have led Alaska Airlines to discover that problem. “The U.S. aviation system is the safest in the world because it relies on layers: redundant systems, robust processes and procedures, and the willingness to stop and ensure things are right before every takeoff,” Alaska Airlines said in a statement. Although the revelation that the plane was scheduled for service the same day as the blowout does not necessarily suggest any wrongdoing by Alaska Airlines, it does raise further concerns about policies and regulations surrounding maintenance of America’s fleet of aircraft.

Persons: Jennifer Homendy, Max Tidwell Organizations: CNN, Alaska Airlines, New York Times, National Transportation Safety, NTSB, Boeing, The New York Times

☆ Boeing is in big trouble
▼ + stars: | 2024-03-12 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

LATAM called it a “technical event.” Boeing said it’s working to gather more information. Between lawsuits, potential fines and lost business, Boeing could lose billions more dollars from the blowout. In February, pilots on a United Airlines 737 Max reported that the flight controls jammed as the plane landed in Newark. The FAA is allowing the planes to continue flying and Boeing said the problem does not pose an immediate safety risk. And the FAA said Boeing’s safety and quality problems extend beyond its inability to produce paperwork.

Persons: CNN —, LATAM, it’s, Max, Mike Whitaker, ” Whitaker, Whitaker, “, ” Boeing’s, It’s, CNN’s Colin McCullough, Greg Wallace Organizations: CNN, Boeing, Alaska Airlines, United Airlines, The National Transportation Safety, Federal Aviation Administration, FAA, NTSB Locations: Australia, New Zealand, Newark

☆ Sam Altman returns to OpenAI’s board of directors, fully reversing the ChatGPT company’s wild shakeup
▼ + stars: | 2024-03-08 | by ( David Goldman | Poppy Harlow | ) edition.cnn.com time to read: +6 min

Altman’s return comes after an independent investigation found the board did not need to fire him in the first place. Altman in November was fired as CEO and director by the OpenAI board in a shocking dismissal of an executive who had become the face of AI in Silicon Valley. “I am excited to welcome Sue, Nicole, and Fidji to the OpenAI Board of Directors,” Taylor said in a statement. But Altman, Brockman and Sutskever in 2019 formed OpenAI LP, a for-profit entity that exists within the larger company’s structure. Altman, in the press conference, praised the company’s employees for their determination to do good work throughout its turmoil.

Persons: Sam Altman, Altman’s, Altman, OpenAI, – Altman, Larry Summers, Obama, Bret Taylor, Adam D’Angelo, Sue Desmond, Hellman, Nicole Seligman, Fidji Simo, “, Sue, Nicole, ” Taylor, WilmerHale, –, Mira Murati, Ilya Sutskever, Murati, “ Mira …, ”, ” Murati, Greg Brockman, Sam, Greg, Taylor, Brockman, Elon Musk, shakeup, …, ” Altman Organizations: New, New York CNN, Microsoft, Clinton, Gates, Sony, OpenAI, New York Times Locations: New York, Silicon Valley, Sutskever

☆ OpenAI publishes Elon Musk’s emails. ‘We’re sad that it’s come to this’
▼ + stars: | 2024-03-06 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —OpenAI fired back at Elon Musk, who sued the ChatGPT company last week for chasing profit and diverging from its original, nonprofit mission. Tuesday night, OpenAI published several of Musk’s emails from the early days of the company that appear to show Musk acknowledging OpenAI needed to make a ton of money to fund the incredible computing resources needed to power its AI ambitions. OpenAI in a blog post Tuesday night said Musk never followed through on his promise, committing $45 million in funding for OpenAI, while other donors raised $90 million. Musk, in a February 1, 2018, email, told company executives that the only path forward for OpenAI was for Tesla, his electric car company, to buy it. The company said in its blog post that it has not diverged from its mission, and it would move to dismiss all of Musk’s claims.

Persons: New York CNN — OpenAI, Elon Musk, OpenAI, Musk, Sam Altman, ” Musk, Tesla, Altman, “, ”, Greg Brockman, we’ve, — Organizations: New, New York CNN, Elon, OpenAI, Microsoft Locations: New York, California

Millions of voters from California to Vermont go to the polls to choose a nominee for president and other races. View all 17 PhotosDavid Goldman|APMarch 5, 2024 | Town Clerk Sandra Lacasse places a sign outside the town office as polls open in Elmore, Vermont. Super Tuesday elections are being held in 15 states and one territory. Hundreds of delegates are at stake, the biggest haul for either party on a single day.

Persons: David Goldman, Sandra Lacasse Organizations: AP Locations: California, Vermont, Elmore , Vermont

☆ Elon Musk sues OpenAI and CEO Sam Altman for breach of contract
▼ + stars: | 2024-03-01 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

Musk, who co-founded OpenAI in 2015, has since left and has formed his own AI company, xAI. Musk is asking for a jury trial and for the company, Altman and co-founder Greg Brockman to pay back the profit they received from the business. But Altman, Brockman and Chief Scientist Ilya Sutskever in 2019 formed OpenAI LP, a for-profit entity that exists within the larger company’s structure. Musk’s complaint said that company and its partnership with Microsoft violated OpenAI’s charter, representing a breach of contract. “Where some like Mr. Musk see an existential threat in AGI, others see AGI as a source of profit and power,” the complaint stated.

Persons: CNN — Elon Musk, OpenAI, Sam Altman, ChatGPT, Musk, Altman, Greg Brockman, Brockman, Ilya Sutskever, “ Organizations: CNN, Microsoft, “ Locations: AGI

☆ Nvidia names Huawei a top competitor in major areas including AI chips
▼ + stars: | 2024-02-23 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Nvidia has named Huawei a top competitor in a number of areas, including in the crucial production of processors that power artificial intelligence (AI) systems. Other companies also listed as its rivals in some areas include AMD, Amazon (AMZN), Microsoft (MSFT) and Broadcom (AVGO). In October 2022, the Biden administration imposed sweeping curbs designed to curtail China’s access to advanced computing chips. In July, it imposed export controls on two strategic raw materials, gallium and germanium, that are critical to the global chipmaking industry. Data centers, which includes the graphics cards that are widely use in generative AI, are Nvidia’s biggest source of revenue.

Persons: Jensen Huang, Biden, ” Colette Kress, CNN’s Rob McLean, David Goldman Organizations: Hong Kong CNN, Nvidia, Huawei, AMD, Microsoft, Broadcom, CNN, Micron, “ Locations: China, Hong Kong, Santa Clara, Singapore, Shenzhen, Beijing, Washington, Japan, Netherlands, ”, “

☆ Pharmacies across America are having trouble processing some prescriptions because of a cyberattack
▼ + stars: | 2024-02-22 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

CNN —Pharmacies across the United States are reporting that they are having difficulty getting prescriptions to patients because of a cyberattack on a unit of UnitedHealth. The cyberattack prevented some pharmacies from processing prescriptions to insurance companies to receive payment. “This outage is impacting dispensing of pharmacy prescriptions – resulting in delays in processing and in some cases, inability to process,” the hospital said. In a statement, Change Healthcare said it believed the attack was isolated to its network and did not spread elsewhere. “At this time, we believe the issue is specific to Change Healthcare and all other systems across UnitedHealth Group are operational,” the company said.

Persons: ”, “ Refills, UnitedHealth, “ Organizations: CNN, Healthcare, Naval Hospital, ” Evans, Community Hospital, Securities and Exchange Commission, UnitedHealth, ”, SEC Locations: United States, Camp Pendleton , California, Pendleton, Colorado, Norton , Kansas

☆ Car repairs are getting more expensive. Here's why
▼ + stars: | 2024-02-11 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +4 min

Your eyes aren't fooling you — your car repair bill really is getting more expensive. Repair costs are rising relative to the overall rate of inflation. Motor vehicle maintenance and repair costs increased 4.1% per year from November 2013 to November 2023, compared with just 2.8% for the overall consumer price index. Meanwhile, talent to repair cars is scarce. Many in the auto space think costs can't continue to rise at these rates.

Persons: David Goldsmith, Mitchell, hasn't, Matt Moore, Goldsmith, Ryan Mandell, Mandell, Alan Amici Organizations: Urban, Data, Insurance Institute for Highway, Mitchell, Technicians, Center for Automotive Research Locations: Brooklyn, New York City, U.S

☆ Climate scientist Michael Mann awarded more than $1 million in damages from conservative writers who defamed his work
▼ + stars: | 2024-02-09 | by ( David Goldman | Paradise Afshar | ) edition.cnn.com time to read: +2 min

CNN —A jury has awarded climate scientist Michael Mann more than $1 million in a defamation lawsuit he brought against a former scholar and a media personality who lampooned Mann’s work. A jury in the Washington, DC, Superior Court civil case awarded Mann $1 million in punitive damages and a dollar from each defendant in compensatory damages. Mann had also sued the National Review and Competitive Enterprise Institute. Mann intends to appeal that 2021 decision, which said the Competitive Enterprise Institute and National Review could not be held liable for defamation, according to multiple reports. However, Mann’s is the latest in a recent string of defamation trial victories for plaintiffs or large settlements – most notably including E. Jean Carrol’s $83.3 million verdict against former President Donald Trump.

Persons: Michael Mann, Mann’s, Mann, Rand Simberg, Mark Steyn, Jerry Sandusky, “ Mann, ” Steyn, Simberg, Steyn, “, ” Mann, Mike Mann’s, Pete Fontaine, Jean Carrol’s, Donald Trump Organizations: CNN, Competitive Enterprise Institute, National, Pennsylvania State, Superior, DC, Court, X, Fox Corp Locations: Washington, DC, United States

☆ A soft landing is now likely. But Americans will still deal with unaffordable housing
▼ + stars: | 2024-02-04 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

In a letter days before the Fed’s decision Wednesday to hold interest rates steady at a 23-year high, Democratic US senators blasted the central bank for America’s housing woes. In 2021 when the Fed’s key interest rate was near zero, home-price growth soared at a historic double-digit pace, according to the S&P CoreLogic Case-Shiller National Home Price Index. Divounguy said that the average 30-year fixed mortgage rate will likely not fall below 6% this year. That way we can actually start heading in the right direction with affordability and have that be sustainable and not just a short-term interest rate phenomenon,” she said. Richmond Fed President Thomas Barkin delivers remarks.

Persons: Valerie Plesch, Orphe Divounguy, Freddie Mac, it’s, Fannie Mae, Divounguy, ” Daryl Fairweather, Trump, Jerome Powell, Donald Trump, Powell, David Goldman, Alexandra Ross, ” Trump, Maria Bartiromo, Joe Biden, Estee Lauder, Tyson, Raphael Bostic, Eli Lilly, Loretta Mester, Walt Disney, Adriana Kugler, Thomas Barkin, Michelle Bowman, Ralph Lauren, Armour Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Democratic, Eccles Federal Reserve, Bloomberg, Getty, CNN, National Association of Realtors, Fox Business, Bureau of Labor Statistics, Trump, Fed, Caterpillar, Tyson Foods, P Global, Institute for Supply Management, Atlanta Fed, Toyota, UBS AG, Chipotle, Cleveland Fed, Walt, CVS, PayPal, Brands, Fox, The Carlyle, News Corporation, New York Times Company, Mattel, Spirit Airlines, US Commerce Department, China’s National Bureau of Statistics, ConocoPhillips, Unilever, Duke Energy, Expedia, Warner Music Group, Tenet Healthcare, Richmond Fed, Pepsico, Honda Locations: Washington, Washington , DC, CAVA

Evidence of a strong economy has so far been lost on a general public that still feels the pinch of inflation and worries about the uncertainty of life in 2024. Signs of a thaw in public opinion, but pessimism still dominatesA new CNN poll shows Biden still has a lot of convincing to do: Perception of the economy remains deep under water. However, if hiring remains strong and inflation keeps falling, it may become easier for Biden to convince voters he’s doing a good job strengthening the economy. CNN’s polling editor Ariel Edwards-Levy notes that about half the country, 48%, thinks the economy remains in a downturn. Their letter is proof that the fact of a strong economy is felt, if at all, in different ways.

Persons: Phil, Joe Biden’s, Biden, Donald Trump, “, Trump, Ariel Edwards, Levy, that’s, Sen, Elizabeth Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: CNN, Bureau of Labor Statistics, Trump, Federal, Fed, Democratic

☆ Trump says he would not reappoint Fed Chair Jerome Powell
▼ + stars: | 2024-02-02 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Former President Donald Trump said that if he is reelected, he would not reappoint Federal Reserve Chair Jerome Powell, accusing Powell of considering rate cuts to give Democrats an advantage in the 2024 elections. The former president said he has “a couple of choices” for the next Fed chair but declined to name them. Powell reiterated Wednesday the Fed is considering rate cuts to bring rates down from multi-decade highs designed to combat high inflation. Trump accused Powell of being “political,” adding to years of verbal attacks since Trump nominated him for Fed chair in 2017. Trump sparred with Powell almost immediately after he was appointed to the Fed, accusing Powell of hiking interest rates to harm the economy.

Persons: Donald Trump, Jerome Powell, Powell, ” Trump, Maria Bartiromo, Trump, Joe Biden, it’s, ” Stocks, Biden’s, he’s, ” Powell, “, ” Organizations: New, New York CNN, Fox News Business, Bureau of Labor Statistics, Trump, Fed, Duke University, London Business School Locations: New York

☆ An OxyContin advertiser will pay $350 million in the first-ever opioid marketing settlement
▼ + stars: | 2024-02-01 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

Publicis, a French marketing company, agreed to pay $350 million within the next two months and will not take on any more opioid clients, according to New York Attorney General Letitia James. “For a decade, Publicis helped opioid manufacturers like Purdue Pharma convince doctors to overprescribe opioids, directly fueling the opioid crisis and causing the devastation of communities nationwide,” said James in a statement. For its alleged role in the opioid crisis, McKinsey in 2021 agreed to pay $573 million to states as part of multiple settlements. “The fight against the opioid crisis in the United States requires collaboration across industries, lawmakers, and communities, and we are committed to playing our part. Purdue Pharma first introduced the opioid drug OxyContin in the 1990s and promoted it as non-addictive.

Persons: Letitia James, Phil Weiser, Publicis, ”, James, ” Publicis, Sackler Organizations: New, New York CNN, Purdue Pharma’s, New York, Colorado, Purdue Pharma, McKinsey, Purdue, Centers for Disease Control, Biden, Sackler Locations: New York, French, United States

☆ Why was a revolting YouTube video of a purported decapitated head left online for hours?
▼ + stars: | 2024-01-31 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —A disturbing video of a man holding what he claimed was his father’s decapitated head circulated for hours on YouTube. The incident is one of countless examples of gruesome and often horrifying content that circulates on social media with no filter. The horrifying decapitation video was published hours before major tech CEOs are headed to Capitol Hill for a hearing on child safety and social media. Our teams are closely tracking to remove any re-uploads of the video.”But online platforms are having difficulty keeping up. Advocates say that tech platforms can no longer be left to self-regulate.

Persons: Taylor Swift, Sundar Pichai, Justin Mohn’s, they’re, Elon Musk, YouTube haven’t, they’ve, ”, Josh Golin, James Steyer, Steyer Organizations: New, New York CNN, Facebook, Capitol, YouTube, Elon, Amazon, Microsoft, Big Tech Locations: New York

☆ Baltimore Orioles agree to be sold to a group led by David Rubenstein for $1.7 billion
▼ + stars: | 2024-01-30 | by ( Matt Egan | David Goldman | ) edition.cnn.com time to read: +2 min

The Orioles have been mediocre — or straight-up awful — throughout most of Angelos’ ownership. The new owner, Rubenstein, is a Baltimore native and co-founder of The Carlyle Group, a Washington, DC-based private equity giant. If the sale is approved, Rubenstein will become the controlling partner in the ownership group, the key decision-maker. After the 94-year-old Angelos dies, the Rubenstein group will own all 100% of the club. The Orioles’ $1.7 billion valuation is nearly triple what the team was worth in 2014, according to Forbes.

Persons: Peter Angelos, David Rubenstein, Angelos, Hall, Cal Ripken, Jr, Rubenstein, Angelos ’, Michael Arougheti Organizations: CNN, Baltimore Orioles, Orioles, Major League Baseball, Baltimore, Hall of Famer, American League East, AL, The Carlyle Group, longtime Orioles, Ripken, Ares Management, Forbes, Milwaukee Brewers, Colorado Rockies Locations: Baltimore, Washington, DC

☆ Why Amazon Prime video suddenly has a different look
▼ + stars: | 2024-01-29 | by ( Jordan Valinsky | David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Amazon Prime members today may notice something looks a little different when they watch Prime Video: They’ll have to watch ads, unless they want to pay a little extra. Starting Monday, Prime Video will feature “limited” advertisements in its shows and movies. Prime Video is joining most other streaming services by inserting ads into its programming and raising prices on ad-free tiers. Netflix in October said its premium ad-free plan in the United States will increase by $3 per month, to $22.99. Prime Video, which is home to the new Nicole Kidman series “Expats” and “Citadel,” is included in the $139 yearly Prime subscription.

Persons: ’, Morgan Stanley, Nicole Kidman Organizations: New, New York CNN, Amazon, Netflix, Disney, Hulu, CNN, Warner Bros, NBCUniversal, “ Citadel Locations: New York, United States, “, ”

☆ The WWE knew Vince McMahon was a liability. So why did it bring him back after his scandalous departure?
▼ + stars: | 2024-01-29 | by ( Kyle Feldscher | David Goldman | ) edition.cnn.com time to read: +8 min

CNN —WWE’s parent company knew Vince McMahon — the founder of the wrestling behemoth — was a potential liability. That risk was realized Thursday when a former WWE employee accused McMahon of sexual assault and trafficking in a disturbing and graphic lawsuit. The company said McMahon has since repaid the company about $20 million for misappropriated corporate funds and for the legal fees TKO and WWE paid to investigate McMahon. Vince McMahon, Jr., was more akin to a king than a business executive in the world of WWE, his fingerprints on everything. “I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation,” McMahon said in a statement at the time.

Persons: Vince McMahon, —, McMahon, ”, Janel Grant, behemoth McMahon, “, Nick Khan, McMahon’s, Donald Trump’s, Donald J, ” McMahon, McMahon, — Vince McMahon, Vince McMahon’s, Stephanie, Jr, reinstalling, Stephanie McMahon —, Khan, What’s, Grant, CNN’s Sam Delouya, Elizabeth Wagmeister Organizations: CNN, WWE, Companies, US Securities and Exchange Commission, SEC, Wall Street, Trump Foundation, UFC, Endeavor, Securities and Exchange Commission

Haley’s campaign leaned into those attacks Thursday, releasing T-shirts emblazoned with the words“Barred. “We need to unite around our eventual nominee, which is Donald Trump,” Republican National Committee Chairwoman Ronna McDaniel said Tuesday on Fox News. In the final days before the GOP primary there, Trump paraded a series of South Carolina Republican officials onstage at his rallies, including Gov. Worst of all, no one returned my calls.”Fundraising dried up, and Haley’s campaign directed most of its funds to TV. “Any other person probably would have just quit and caved in there, but she knew that South Carolina needed her,” Ballentine said.

Persons: Nikki Haley, Donald Trump’s, Haley, Trump’s, Trump, ”, Joe Biden —, Donald, ” Haley’s, —, he’s, “, “ Nikki ‘ Birdbrain ’ Haley, ” Trump, MAGA, ” Haley, Nimarata Nikki Randhawa, “ Nikki ”, Michael Haley’s, Barack Obama, Hussein, Donald Donald Trump, Jabin, Biden, — Trump, Donald Trump, Ronna McDaniel, Dave Bossie, I’m, ” Trump’s, Henry McMaster, Gov, Pamela Evette, South Carolina Sen, Tim Scott —, ” Scott, Pope, ” Pope, Reid Hoffman, Dmitri Mehlhorn, ” Mehlhorn, Biden’s, ’ Haley, Nathan Ballentine, “ She’s, David Goldman, –, Mark Sanford –, he’d, ” Ballentine, Sarah Palin, McMaster, she’d, hasn’t, Chip Felkel, it’s, Felkel, you’ve, ” Felkel, Schouten, Jeff Zeleny, Ebony Davis, Daniel Strauss, Kristen Holmes Organizations: CNN, Former South Carolina Gov, Republican, Republicans, Trump, New Hampshire —, Palmetto State, New Hampshire, Republican Party, True American Patriots, United Nations, Fox News, Washington Post, GOP, ” Republican, RNC, South Carolina Republican, Gov, Senate, North Carolina Republican, “, LinkedIn, Haley, PAC, SFA, Inc, New, SC, Super, Biden, – South Carolina Gov, South, South Carolina GOP Locations: New Hampshire, North Charleston, South Carolina, New, Nashua , New Hampshire, Maryland, North Carolina, Columbia , South Carolina, Argentina, Carolina

☆ Before part of an Alaska Airlines plane blew off, Boeing had removed and adjusted it, reports say
▼ + stars: | 2024-01-25 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

Boeing and Spirit AeroSystems are under multiple investigations that probe their safety policies and procedures. Boeing said it couldn’t comment on the reports about what may have led to the door plug blowing off the plane, citing the ongoing investigation. The process also includes tightening fasteners and performing “detailed inspections of…dozens of associated components.”FAA on Sunday also required airlines to ensure older Boeing 737 planes with similar door plugs were secure. The FAA said airlines operating the Boeing 737-900ER model should visually inspect the planes but didn’t require them to be grounded. Two Max variants — the Max 7 and the Max 10 — are still awaiting approval to begin carrying passengers.

Persons: Max, AeroSystems, Washington Democratic Sen, Maria Cantwell, ”, David Calhoun, Jennifer Homendy, Ben Minicucci, Lester Holt, Mike Whitaker, Whitaker, “, —, Wells Organizations: New, New York CNN, Boeing, Alaska Airlines, New York Times, Seattle Times, Federal Aviation Administration, National Transportation Safety, Washington Democratic, Senate, US National Transportation, ” Boeing, Max, NBC, FAA, ., Sunday Locations: New York, . Airlines, Alaska, United, Indonesia, Ethiopia

☆ A Colorado pastor accused of pocketing $1.3 million in cryptocurrency scam says the Lord encouraged him to use funds for a home remodel
▼ + stars: | 2024-01-24 | by ( Hannah Getahun | Jessica Orwig | ) www.businessinsider.com time to read: +6 min

Regalado also said the Lord told him to use investor funds to remodel his home. Related stories"It was last October '21 that the Lord brought this cryptocurrency to me," Regalado told his congregation over video broadcast, per court documents. AdvertisementRegalado addressed why he valued the coins at 10 times the amount: The Lord told him to. I really believe you're going to see a miracle in very short order," Regalado told investors in a video call, per the lawsuit. The lawsuit claims the Regalados told investors they were sowing this money into charitable causes.

Persons: Eli Regalado, Regalado, —, Kaitlyn Regalado, Tung Chan, Chan, God, Kaitlyn, Grace, Regalados, INDXcoin, …, David Goldberg Organizations: Service, Court, Colorado Securities, Colorado Department of Regulatory, IRS, Business, Wealth, Wealth Exchange, Rover Locations: Colorado, Denver, INDXcoin

New York CNN —Boeing CEO David Calhoun’s Wednesday was decidedly a mixed bag: The Federal Aviation Administration finally approved a set of inspection criteria for the 171 grounded 737 Max 9 planes that, if followed, could return the aircraft to service. And the FAA said it would not grant any production expansion of the 737 Max lineup while its safety probe of Boeing continues. “We fly safe planes,” Calhoun said to reporters assembled on Capitol Hill. A week earlier, Calhoun acknowledged the company made a “mistake” at a staff-wide safety meeting, but he did not specify what that mistake was. Two Max variants — the Max 7 and the Max 10 — are still awaiting approval to begin carrying passengers.

Persons: David Calhoun’s, Max, Mike Whitaker, United, Whitaker, ”, “, Mr, Calhoun, ” Calhoun, Washington Democratic Sen, Maria Cantwell, ” Cantwell, Jennifer Homendy, —, Wells Organizations: New, New York CNN, Boeing, Federal Aviation Administration, FAA, Alaska Airlines, Airlines, Washington Calhoun’s, Washington, Capitol, Washington Democratic, Senate, National Transportation Safety Locations: New York, Alaska, United, Washington, Wells, Indonesia, Ethiopia

☆ Independents helped Trump win New Hampshire in 2016, but they could power a Haley win in 2024
▼ + stars: | 2024-01-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Donald Trump's 2016 primary win in New Hampshire was driven by his support among independents. The state's voting laws allow independents to vote in the GOP primary — which could give Haley a huge lift. And in the 2016 New Hampshire GOP primary, undeclared voters — or independents — largely ate it up. But while Trump led Haley among GOP voters 67%-23%, Haley bested him among undeclared voters 58%-30%. AdvertisementBut the distinct composition of the New Hampshire electorate has essentially allowed Haley to flip the script on Trump's 2016 playbook.

Persons: Donald Trump's, Nikki Haley, Haley, —, Donald Trump, Trump, David Goldman, Trump's, leery Organizations: South Carolina Gov, GOP, Service, Hampshire GOP, Sway Independents, Republican, New, AP, CNN, University of New, Trump, The Washington Post Locations: New Hampshire, Hampshire, It's, , New Hampshire, University of New Hampshire, Iowa, Washington

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