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Thursday 27 June 2024

Peeling back the curtain on Boeing

06:12

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Also: How the deficit makes us poorer ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Jun 27 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Boeing is having a rough year. 

The company, which has been under a microscope, is trying to peel back the curtain on its operations, Zach Wichter reports. In a tightly choreographed media open house that USA TODAY attended on Tuesday, Boeing said it's facing its safety challenges head-on. Employees, from the C-suite to the production line, insist that the airframer is turning a corner – reaffirming that its planes remain generally safe and are only getting safer.

How the deficit makes America poorer

The government's deficit problem is creating an income problem for Americans, Medora Lee reports.

Last week, the Congressional Budget Office (CBO) raised its estimate for the government deficit by a whopping 27%, to $1.9 trillion.

Paying for that debt can divert money away from private investment, which, in turn, may dampen wage growth, economists say.

📰 More stories you shouldn't miss 📰

Mapping the Hooters closures
Impossibly affordable cities
What if everyone got an IRA?
Why Amazon stock is popping

🍔 Today's Menu 🍔

Many a struggling artist and underemployed Gen-Zer has turned to Taco Bell for sustenance.

Now, Taco Bell has rolled out a new combo meal deal meant to address fast-food affordability head-on.

The new $7 Luxe Cravings Box hits the Taco Bell menu Thursday, Mike Snider reports. The meal comes with a Chalupa Supreme, Beefy 5-Layer Burrito, Double Stacked Taco, chips and nacho cheese sauce, and a medium drink. The restaurant chain says the combo is priced about 55% lower than what the menu items would cost separately.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

737 MAX aircraft are seen in various states of assembly at the Boeing 737 factory on June 25, 2024, in Renton, Washington.

In a tightly choreographed media open house of its Renton, Washington, manufacturing facility, Boeing said it's facing its safety challenges head-on.

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WASHINGTON, DC - JULY 06: Pedestrians walk past a poster and electronic billboard displayed at 18th and K St's NW that displays the current U.S. National debt per person and as a nation at 32 Trillion dollars on July 06, 2023 in Washington, DC.
 

Swelling U.S. deficit makes Americans poorer, economists say

A soaring U.S. budget deficit will lead to lower incomes for Americans, economists say. That could kill the American dream for future generations.

A stop sign as seen on traffic light near a statue at the Supreme Court in Washington, DC, February 26, 2024 as Justices are set to make a decision on landmark cases over social media content moderation. The Supreme Court on Monday will determine whether states can forbid social media companies from blocking or removing user content that goes against platform rules in the NetChoice v. Paxton and Moody v. NetChoice case. The state laws at issue also allow   individuals to sue tech companies for alleged violations.
 

Did Biden and Big Tech censor conservatives? Debate still rages

Murthy v. Missouri was the latest conservative grievance that the Biden administration colludes with tech companies to violate Americans' free speech.

Taco Bell's new $7 limited-time Luxe Cravings Box comes with a Chalupa Supreme, Beefy 5-Layer Burrito, Double Stacked Taco, chips and nacho cheese sauce, and a medium drink.
 

Taco Bell rolls out new $7 value meal combo. Here's what's in it.

Consumer concerns over high prices and inflation have led to limited-time value meal deals from Burger King, McDonald's, Wendy's and Taco Bell.

Amazon packages are stacked on a cart on Tuesday, March 29, 2022, at the Amazon Delivery Station in Sioux Falls.
 

Here's why Amazon stock popped on Wednesday

The company got a vote of confidence from Wall Street and a windfall, courtesy of electric-vehicle maker Rivian.

Feb 6, 2016; San Francisco, CA, USA; General view of the downtown San Francisco skyline prior to Super Bowl 50. Mandatory Credit: Kirby Lee-USA TODAY Sports
 

Charts explain: These cities in US, abroad are 'impossibly unaffordable'

Hong Kong ranked topped the list of least affordable housing market across the globe but the US had a strong showing, too.

A smiling person looking out a window while holding a financial newspaper in their hands.
 

IRA overload? Here's what would happen if every worker had one

Princeton researchers set out to study whether a national retirement plan would spark savings, especially for low-income employees.

Rows of Toyotas are parked in a line at the world's largest auto dealership, Longo Toyota, which enjoys continued strong sales after a record quarterly report for Toyota April 24, 2007 in El Monte, California.
 

CDK Global: Small group of dealers get systems online after hack

Software supplier CDK Global said a small number of car dealers had hacked computer systems return during testing as cyberattack response continues..

USA TODAY, in partnership with Plant-A, presents America's Top Online Shops for 2024.
 

Which companies are the top online shops? Here's the list.

USA TODAY, in collaboration with Plant-A, presents America's Top Online Retailers.

While the sign outside the Hooters on Airport Road in Warwick, Rhode Island indicates hours of operation, signs on the door note the restaurant has closed indefinitely.
 

Hooters closing several underperforming locations across US

Hooters said several underperforming restaurants will close their doors permanently across the US due to "pressure from current market conditions."

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