In a recent announcement to its employees, Boeing revealed that it anticipates a delay in the ramp-up of production and deliveries of its new 787 Dreamliner planes due to shortages of critical parts from suppliers. This setback comes on the heels of a series of challenges that have plagued Boeing’s production lines, including quality problems
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Since the passing of the Secure Act in 2019, non-eligible designated beneficiaries who have inherited an individual retirement account now face a 10-year window to deplete the funds. These beneficiaries include heirs who are not a spouse, minor child, disabled, or chronically ill individuals. This timeline can create significant tax consequences for the heirs if
The recent implementation of home energy efficiency rebates tied to the Inflation Reduction Act has the potential to significantly impact consumers looking to make their homes more energy efficient. With $8.8 billion allocated for Home Energy Rebate programs through various states, territories, and tribes, the federal government aims to incentivize homeowners and landlords to make
The U.S. Federal Trade Commission made a significant move on Monday by filing a lawsuit to block the $8.5 billion acquisition of Capri Holdings by Tapestry, the parent company of Coach and Kate Spade. This legal action has resulted in at least a temporary halt to a deal that would bring together six major fashion
The recent victory of the United Auto Workers (UAW) at the Volkswagen plant in Chattanooga, Tennessee, marks a significant achievement for the Detroit-based union. With 73% of the votes in favor of joining the UAW, the outcome of the labor organizing efforts could have far-reaching implications for the automotive industry in the United States. The
Express, a longtime mall retailer, recently filed for Chapter 11 bankruptcy protection, leading to the closure of several of its shops. However, a group of investors, spearheaded by brand management firm WHP Global, has stepped in to potentially save the company. The investor group, which includes WHP, Simon Property Group, and Brookfield Properties, has offered
Teenagers today are showing an increased interest in their long-term financial health, with a recent survey revealing that 83% of 13- to 18-year-olds have already given some thought to their retirement. However, the same survey also highlighted a lack of understanding when it comes to basic retirement planning. Many teens mistakenly believe that saving money
The news of Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, leaving the company came as a surprise to many. LaBerge is departing from Disney to take on the role of CTO of PENN Entertainment, specifically focusing on ESPN Bet. The reason cited for his departure is personal, related to his family,
FEMA’s Hazard Mitigation Grant Program supports local and state governments in purchasing homes that have been damaged by floods, demolishing them, and turning the property into public land. This initiative, known as floodplain buyouts, helps homeowners move away from areas prone to flooding and into safer environments. By creating open space and areas that can
The uber wealthy live in a world that is vastly different from the average investor. With a total net worth of over $100 million, these individuals are considered centimillionaires and make up the 0.001% club. Globally, there are approximately 28,420 centimillionaires, with concentrations in cities like New York City, the Bay Area, Los Angeles, London,