Business news

• US national debt tracker for March 29, 2024: See what American taxpayers (you) owe in real time

  29-03-2024 23:42
  
  The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending.The national debt — which measures what the U.S. owes its creditors — increased to $34,578,609,157,179.32 as of Thursday afternoon, according to the latest numbers published by the Treasury Department. That is up about $5.4 billion from the $34,573,199,545,841.43 figure reported the previous day.By comparison, just four decades ago,
  
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• Tesla's tough quarter has investors anxious

  29-03-2024 22:36
  
  Tesla's first-quarter delivery figures that are expected to be released next week are forecast to be relatively soft amid intensifying competition and lagging demand — a dynamic that has investors on edge ahead of the release.The EV maker, led by Elon Musk, is bracing for a slowdown in 2024 after years of rapid sales growth, with analysts lowering their expectations for the company's first-quarter deliveries to account for a slowdown. Tesla delivered 422,875 vehicles in the first quarter o
  
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• See the new Gulfstream G700 that just received FAA clearance

  29-03-2024 21:51
  
  Gulfstream Aerospace’s new Gulfstream G700 business jet just hit a major milestone by obtaining its Federal Aviation Administration certification.The General Dynamics-owned subsidiary revealed the news Friday, saying it will pave "the way for customer deliveries of the most spacious aircraft in business aviation."The Gulfstream G700 jet can transport up to 19 people with the option for as many as five living areas.CLICK HERE TO READ MORE ON FOX BUSINESSIts cabin "features whisper-quiet noi
  
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• Texas AG launches probe into Boeing supplier operations, DEI commitments

  29-03-2024 20:08
  
  Texas Attorney General Ken Paxton on Thursday announced an investigation into Boeing parts supplier Spirit AeroSystems regarding its operations, as well as the company's diversity, equity and inclusion (DEI) initiatives.Spirit AeroSystems is one of the largest manufacturers of aircraft parts in the world and makes the fuselages for the Boeing 737 and 787, as well as the Airbus A350 and the wings for the A220. The company's work with Boeing has faced scrutiny in the wake of the midair blowout of
  
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• Tesla has new competition with a Chinese EV priced lower than Model 3

  29-03-2024 19:39
  
  Tesla is getting some more EV competition in China.It is coming from Xiaomi, a Chinese consumer electronics company that officially introduced its electric SU7 sedan during a Thursday event involving co-founder Lei Jun, Barron’s reported.The cheapest model of the SU7 has a price tag that equates to roughly $30,000, according to the outlet.Xiaomi is reportedly working with Beijing Automotive Group Co. on its manufacturing.CLICK HERE TO READ MORE ON FOX BUSINESSThe vehicle is expected to vie
  
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• Baltimore disaster could see record insurance payouts — but it’s complicated: expert

  29-03-2024 19:04
  
  The total insurance payouts that will come as a result of the Francis Scott Key Bridge collapsing in Baltimore will likely run into billions of dollars and could end up being the largest marine insurance payout of all time – topping the Costa Concordia luxury cruise liner disaster in 2012 that saw $1.5 billion being paid out. The insurance claims process is expected to be complicated, with various parties involved, and determining who bears responsibility will be a key factor in decid
  
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• Tax expert warns over ‘ripple effects’ of Baltimore bridge collapse: Economic damage ‘hard to comprehend’

  29-03-2024 18:47
  
  The impact of the Francis Scott Key Bridge disaster in Baltimore is "hard to comprehend" when it comes to the local economy and governments, according to one tax revenue expert and CEO. Autoagent.com CEO Niko Spyridonos, who works with municipal and county governments to streamline their tax revenue collection, told Fox News Digital on Thursday that the shipping accident will cause economic "ripple effects" that will harm thousands of business owners, affect the local government’s abi
  
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• Boeing faces 'pivotal moment,' new airplane chief says

  29-03-2024 18:43
  
  Stephanie Pope, Boeing's newest airplane chief, told staff that the company faces a "pivotal moment" as it tries to ease concerns from regulators and rebuild its reputation following the 737 Max crisis. Pope was named CEO of Boeing Commercial Airplanes this week, replacing Stan Deal who spent four decades at the company. It was part of a larger overhaul of Boeing's management team that included CEO Dave Calhoun announcing his departure by year's end. "This is a pivotal moment for us, a
  
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• Restaurant owner fears California minimum wage law is 'a silent tax' on consumers, 'collapsing' businesses

  29-03-2024 17:54
  
  One Los Angeles-based restaurant owner is voicing her concerns over customers – and employees – having to eat up the costs of California’s soon-to-be enacted fast food minimum wage."We are the ones that were strong enough to be the mom-and-pop shops that survived COVID. And now we're hit with this, and it directly impacts the small businesses," Angela Marsden said on "America’s Newsroom" Friday."We're going to have massive layoffs, massive job losses," she continued. "And
  
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• Key Fed inflation gauge, consumer spending rise in February

  29-03-2024 17:02
  
  A key inflation gauge watched closely by the Federal Reserve climbed on an annual basis in February.The Commerce Department's personal consumption expenditures price index (PCE) headline figure rose 2.5% last month, in line with expectations. On a monthly basis, prices rose 0.3%, slightly below the estimate of economists surveyed by LSEG.Excluding food and energy, so-called core PCE prices rose 2.8% annually in February and 0.3% from the prior month. Both figures were in line with expectations,
  
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• United Airlines Boeing 777 diverts due to engine issue

  29-03-2024 16:50
  
  A United Airlines flight diverted after experiencing an engine issue, marking the latest in a string of incidents impacting the carrier. United Flight 990 from San Francisco to Paris, using a Boeing 777-200, diverted to Denver on Thursday after the crew reported an issue with one engine, the carrier told FOX Business. The flight carrying 273 passengers and 12 crew members landed safely, although United said emergency services were standing by for the plane’s arrival just in case.
  
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