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A Boeing 737 MAX 10 fuselage is pictured during the opening ceremony for the company’s new North Line assembly line, which will produce 737 MAX aircraft, at the Boeing Everett Factory in Everett, Washington, on July 10, 2026. Jason Redmond | Afp | Getty ImagesBoeing’s 737 Max production is taking “a little bit longer” than expected to stabilize, and the company expects to increase its output of the planes next year, CEO Kelly Ortberg told investors Wednesday.Boeing has been working to steadily increase the output of its best-selling plane after years of safety and quality crises. Ortberg said wing production…

U.S. Attorney General Todd Blanche delivers remarks during a press briefing in the Rose Garden of the White House on Sept. 15, 2026 in Washington, D.C. Kevin Dietsch/Getty Images hide caption toggle caption Kevin Dietsch/Getty Images The Justice Department has brought charges against five suspected Russian intelligence operatives for allegedly plotting attacks against the Kremlin’s perceived enemies around the world, including the murder-for-hire of at least one prominent dissident in the U.S. The indictment, which was unsealed in federal court in Manhattan, says the defendants belong to a network that “is one arm of the Russian Federation’s apparatus used to…

As a young(ish) millennial whose style of dress has been described as ranging from hedge fund intern to European literature Ph.D. candidate, I like to see what my male peers are wearing. If one enduring trend has struck me recently, it’s the quarter-zip.In fact, when Brooks Brothers — which sells the tops in cotton, cashmere, and performance materials — unveiled its Spring/Summer 2027 collection last Thursday at Radio Park in Rockefeller Center, a baby-blue quarter-zip was among its latest offering.”It used to be you would wear a suit and tie to go to work, now…there’s no one definition of how…

The main cabin of a retrofitted American Airlines Boeing 777-300ER used on long-haul routes, in an undated photograph. American Airlines | Via ReutersThe K-shaped economy is taking flight.American Airlines CEO Robert Isom said Wednesday that just 30% of its seats account for half of the company’s revenue, a proportion that has the Fort Worth-based carrier and competitors large and small ripping up existing airplane configurations to add more first class and other higher-yielding options.”Those 30% of seats, they’re only going to grow in our fleet as the reconfigurations come on board as the new aircraft deliveries come on,” Isom said…

The US consumer is feeling the sting of inflation, and higher rates from the Fed could be a policy mistake that makes things harder for the economy, Mark Zandi says. The chief economist at Moody’s Analytics, Zandi has spent the past year sounding the alarm on worsening economic conditions faced by US households and businesses. Now, as the Federal Reserve prepares to deliver its latest policy decision, Zandi sees more trouble ahead. “The odds of a serious Fed policy mistake are uncomfortably high and rising,” he wrote in a post on X.He said that raising rates too quickly or aggressively…

Amazon is upping its minimum pay for core operations workers to $20 an hour and giving all US workers new grocery discounts.The $1-an-hour raise applies to full-time employees, many of whom work in Amazon’s warehouses picking, packing, and sorting orders. Amazon’s average hourly wage is now about $24, the company said on Wednesday.The company is also adding new benefits for all US Amazon employees, including a 20% discount on in-store purchases at Whole Foods stores. The discount applies to groceries as well as the chain’s hot bar and salad bar.Employees will also get a 10% discount on eligible fresh groceries…

More colleges are reducing the burden of student loans after graduation.Carleton College, a private liberal-arts college in Minnesota, recently joined the list of schools eliminating student loans from their financial aid packages, instead offering students grants and scholarships that do not need to be repaid.In its announcement, Carleton said that one-third of every incoming class over the past decade has come from middle-income households, and those students will benefit most from eliminating student loans. The change will apply to both new and current students, the school said.”Eliminating loans from our financial aid packages will expand opportunities for students,” Alison Byerly,…

A J.B. Hunt Transport Services Inc. tractor trailer parked at a freight depot in Indianapolis, Indiana, U.S., on Saturday, Jan. 15, 2022.Luke Sharrett | Bloomberg | Getty ImagesShares of J.B. Hunt plunged more than 10% on Wednesday after the trucking company said it expects its earnings to drop in the third quarter.”We kind of want to be transparent with investors and give an update that in light of these costs that are sort of hitting us, we are expecting our Q2 to Q3 earnings to actually drop 5% to 10%,” CFO Brad Delco said at the Morgan Stanley Industrials conference.Delco…

Tropical Smoothie Cafe’s new packaging will highlight its frond icon.Source: Tropical Smoothie CafeTropical Smoothie Cafe on Wednesday unveiled a new look as the restaurant chain prepares to continue its streak of rapid growth under Blackstone’s ownership. “We are a company and a brand that has evolved significantly over the last few years and really over the last 10 years,” CEO Max Wetzel told CNBC. “We’re thinking about what our next 3,000 cafes look like, and so it’s a perfect time for us to roll this out.”The redesign comes as Tropical Smoothie prepares to introduce itself to more consumers, both in…

The consensus is for the Fed to deliver its first rate hike since July 2023. Not only that, but some forecasters see another coming before the year is out.”We expect the Fed to deliver a 25bp rate hike at the September FOMC meeting,” Deutsche Bank chief US economist Matthew Luzzetti wrote. “While forward guidance is unlikely, the median dot should show another rate increase this year, with several officials projecting more than that.” The consensus is for the Fed to deliver its first rate hike since July 2023. Not only that, but some forecasters see another coming before the year…