Boeing and FAA did not put safety first: Former NTSB chairman

FAA did not put safety first with Boeing 737 Max jet: Former NTSB chair Former NTSB Chair James Hall says the Federal Aviation Administration has lost the confidence of international air regulators around the world. Boeing 737 Max jets remain grounded as the Federal Aviation Administration (FAA) met with civil aviation authorities from around the world Thursday looking to regain […]

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Can Bond Traders Snooze Through Trade-War Alarm?

In this article At least for a day, it looks as if bond markets have come to terms with the prospect of a prolonged U.S-China trade war. History suggests the panic might be short-lived.  The benchmark 10-year Treasury yield tumbled more than 8 basis points to 2.3%, the lowest level since 2017, as investors flocked out of riskier assets and into havens. Why […]

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U.S. home sales, manufacturing stumble; job market resilient

WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in economic growth was underway. But other data on Thursday showed the number of Americans filing claims for unemployment benefits unexpectedly fell last […]

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‘Extraordinary archaeological find’: Last known US slave ship found in Alabama

The remains of the last known ship to bring enslaved people to the United States have been found nearly 160 years after its illegal voyage from Africa to Alabama, state officials say. The wreck of the Clotilda was found near Mobile on the shores of the Gulf Coast, the Alabama Historical Commission said, after months of excavation and archaeological verification of the vessel.  “The […]

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April New Home Sales Drop Sharply

The U.S. Census Bureau and the Department of Housing and Urban Development reported Thursday morning that sales of new homes in April decreased to a seasonally adjusted annual rate of 673,000, a drop of 6.9% from the revised March rate of 723,000 but an increase of 7.0% compared with the April 2018 rate of 629,000. The consensus estimate from a […]

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Will Democrats choose to impeach or invest?

Trump demands end to investigations as Democrats remain split on impeachment American Majority CEO Ned Ryun and “The Richard Fowler Show” radio host Richard Fowler discuss how some Democrats are trying to impeach President Trump. Negotiations over a potential $2 trillion infrastructure plan between Democratic leadership and President Trump crumbled on Wednesday amid attacks from House Speaker Nancy Pelosi. Continue […]

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Billionaire Robert Smith's gift to Morehouse class 'shocks' ex-student who left the school over debt

Billionaire pledges to wipe out student loan debt of graduating Morehouse students; royal family is hiring Morning Business Outlook: Billionaire Robert Smith announces he will pay off the student loan debt of graduating Morehouse College students; Queen Elizabeth is hiring a social media manager. Two years before Robert F. Smith pledged to pay off the Morehouse College class of 2019’s […]

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ECB Minutes Show Policymakers Less Confident About Eurozone Recovery

European Central Bank policymakers acknowledged that they were less confident regarding a return of solid growth in the euro area in the second half of the year, minutes of the April 9-10 policy session showed on Thursday. While the more protracted “soft patch” suggested by the latest data remained consistent with this baseline scenario, “it was acknowledged that there was […]

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