ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Boeing has violated a 2021 agreement that shielded it from criminal prosecution after two 737 Max disasters left 346 people dead overseas, the Department of Justice claims in a new court filing. |
According to the DOJ, Boeing failed to "design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations." |
The planemaker has been under increased scrutiny by regulators and lawmakers this year following the latest grounding of its 737 Max jets. |
High interest rates taking a toll on construction |
Three years ago, when a local developer hatched plans for a 352-unit apartment building in West Philadelphia, the project was a no-brainer, Paul Davidson reports. |
The city needed tens of thousands of affordable and reasonably priced housing units. Construction costs were a relative bargain. And interest rates were at historic lows. |
But after pandemic-related material and labor shortages raised construction costs and the Federal Reserve's flurry of interest rate hikes in 2022 and 2023 pushed borrowing costs to 23-year highs, the developer of the West Philly building scrapped the project. |
High interest rates are compounding the effects of spiraling construction costs and forcing developers to scrap, significantly delay or shelve a growing share of projects across the U.S. |
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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
Wi-Fi, laptops and mobile phones have made work from anywhere a reality for many of us, Medora Lee reports. But working while moving from state to state could cause a tax headache. |
If you work in a different state from where you live, you may have to file more than one state income tax return. |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
Daniel de Visé covers personal finance for USA Today. | | | | Yearly inflation eased to 3.4% in April as gas prices and rent increased, CPI report says. | | | |  | The Department of Justice said Boeing may be prosecuted after it violated a deal related to 737 Max production. | | | | Interest rates will now stay high longer as the Fed fights stubborn inflation, leading developers to drop planned apartments, shops, other projects | | | | Americans seem to be spending a little more on everything these days. They are spending a lot more on auto insurance. | | | | Fed Chair Jerome Powell said it "may take longer than expected" for high interest rates to bring down inflation. He repeated a rate hike is unlikely. | | | | A number of people, largely women, are unhappy with Bumble right now, using social media to criticize new ads that poke fun at abstinence and celibacy | | | | Trump Media stock has been rebounding for the last month. It may get another boost with anti-short seller investors responsible for meme stocks. | | | | At issue is guidance that employers must use transgender workers' preferred pronouns and allow them to use bathrooms that match their gender identity. | | | | Walmart is laying off several hundred of its corporate employees and asking remote workers to come back to offices and others to relocate. | | | | Walden Mutual Bank's offering a fixed-rate 100-year CD. Should you consider investing in one? Here's what to know. | | | | |  | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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