U.S. Business
Boeing bids farewell to an icon, delivers last 747 jumbo jet
Since its first flight in 1969, the 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, a transport for NASA's space shuttles, and the Air Force One presidential aircraft.
Inflation, gas prices looming over sports biz, concessions
U.S. inflation jumped 8.2% in September from a year ago, the government reported this month. Given the industry’s reliance on disposable income, the inflation numbers are a troubling sign for sports business leaders.
Commuters dodge headaches as freight-rail strike averted
A deal reached Thursday between freight rail companies and their workers has ensured that commuter rail systems that also would have been affected can serve customers unimpeded.
Rail strike would impact consumers, businesses
The Association of American Railroads trade group estimates that a strike would cost the economy $2 billion a day. The Business Roundtable says a strike would be an “economic catastrophe.”
US asks farmers: Can you plant 2 crops instead of 1?
Illinois and midwestern farmers are being asked to do more by the federal government to meet international demand.
Fed official: New real-time payment system starts summer '23
In development for effectively a decade, Fed Vice Chair Lael Brainard told a workshop in suburban Rosemont on Monday that she expects the FedNow system to launch between May and July next year.
Michigan panel wants details on Great Lakes oil tunnel plan
A Michigan regulatory panel said Thursday that it needs more information about safety risks before it can rule on Enbridge Energy's plan to extend an oil pipeline through a tunnel beneath a waterway linking two of the Great Lakes.
Stocks drop deeper into bear market ahead of big Fed news
Investors are bracing for the Federal Reserve's announcement on Wednesday about how sharply it will raise interest rates. Earlier in the day, it wobbled between modest losses and gains after a couple big companies flexed financial strength with stronger profits and payouts to shareholders.
FAA, FCC, Airlines, Telecoms, and Biden administration shift blame on 5G rollout
CEOs of the nation’s largest airlines say that interference from the wireless service on a key instrument on planes is worse than they originally thought.
Sky-high car prices likely to continue through 2022
Average price of a used vehicle in the U.S. in November was $29,011 - 39% more than 12 months prior. For the first time, more than half of America's households have less income than considered necessary to buy an average-priced used vehicle.
