Business

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NHTSA launches recall query into 94,000 Jeep Wranglers as loss of motive power complaints continue

July 9, 2024, 10:36am Business

The U.S. government's auto safety agency is investigating a potential “loss of motive power” in more than 94,000 Jeep Wrangler 4xe vehicles, after receiving complaints for cars outside the scope of an earlier recall involving an engine shutdown condition in the same SUV model. Read story

‘This is break glass in case of emergency stuff’: Analysts alarmed by threats to US data gathering

July 9, 2024, 10:27am Business

Inadequate funding and controversial measures in a budget bill could threaten what Americans know about themselves through federal data gathering, statisticians and demographers warn in a new report and a letter to U.S. congressional leaders. Read story

FILE - Federal Reserve Board Chair Jerome Powell speaks at a news conference at the Federal Reserve in Washington, June 12, 2024. Powell testifies to the Senate Banking Committee on Tuesday, July 9, 2024.

Fed’s Powell highlights slowing job market in signal that rate cuts may be nearing

July 9, 2024, 10:20am Business

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony Tuesday to Congress, a shift in emphasis away from the Fed's single-minded fight against inflation of the past two years that suggests it is moving closer to cutting interest rates. Read story

Rent inflation remains a pressure point for small businesses

July 9, 2024, 8:06am Business

Cost pressures continue to hurt small businesses. Read story

WA state worker accused of misappropriating $900K had earlier bankruptcies

July 9, 2024, 8:05am Business

A state worker accused of taking nearly $900,000 in public money had earlier declared bankruptcy four times, public records show. Read story

Here’s what to know about Boeing agreeing to plead guilty to fraud in 737 Max crashes

Dmitriy Rudenko grabs an air hose during a media tour during a brief media tour at the Boeing facility in Renton, Wash., Tuesday, June 25, 2024.

July 9, 2024, 7:48am Business

Boeing will have a felony conviction if it follows through on an agreement with prosecutors to plead guilty to fraud in connection with approval of its 737 Max before two of the planes crashed, killing 346 people off the coast of Indonesia and in Ethiopia. Read story