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Federal Reserve Bank of Cleveland President Beth Hammack said she saw no need to change US interest rates for months ahead after the central bank cut borrowing costs at its last three meetings, the Wall Street Journal reported on Sunday. Hammack opposed recent rate cuts as she is more worried about elevated inflation than the potential labor-market fragility that prompted officials to lower rates by […]
Striking workers at Boeing Defense in the St. Louis area rejected the company’s latest contract proposal on Sunday, sending a strike that has already delayed delivery of fighter jets and other programs into its 13th week. In a statement after the vote, union leadership said the company had failed to address the needs of the roughly 3,200 members […]
A former senior partner at McKinsey & Company was sentenced on Friday to six months in federal prison for destroying records of the firm’s work to “turbocharge” Purdue Pharma’s OxyContin sales during the opioid crisis. Martin Elling, 60, pleaded guilty in January to obstruction of justice related to criminal investigations into McKinsey’s consulting work with […]
A former athletic director at a Baltimore area high school who was accused of using artificial intelligence to create a racist and antisemitic audio clip impersonating the school’s principal was sentenced on Monday to four months in jail as part of a plea deal, according to prosecutors. The former director, Dazhon Darien, 32, pleaded guilty […]
[The stream is slated to start at 4:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] NASA astronauts Butch Wilmore and Suni Williams are set to splash down on Earth on Tuesday evening after spending more than nine months in space. They were originally supposed to […]
