Boeing CEO Grilled in Senate Hearing; Nvidia Becomes Most Valuable US Company | Business Matters (June 18)

Don Ma
By Don Ma
June 18, 2024Business Matters
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U.S. senators on Tuesday blasted the CEO of Boeing for the planemaker’s tarnished safety record, overshadowing his apology to families who lost loved ones in two 737 Max crashes and acceptance of responsibility after a January mid-air emergency.

U.S. retail sales barely rose in May and data for the prior month was revised considerably lower, suggesting that economic activity remained lackluster in the second quarter.

Sen. Ted Cruz (R-Texas) introduced a new bill to protect and empower victims of deep fake video technology.

EV startup Fisker filed for bankruptcy protection late on Monday, as the U.S. electric-vehicle maker looks to salvage its operations by selling assets and restructuring its debt after burning through cash in an attempt to ramp up production of its Ocean SUVs.