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December 14, 2025
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July 9, 2024

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US safety board studies Southwest airplane damage that happened before roll

The Cheap Investor1 year ago11 months ago02 mins

By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board said on Tuesday it is seeking to determine when structural damage occurred to the rudder system on a Southwest Airlines Boeing 737 MAX that rolled in May. The roll is one of a series of recent serious safety incidents involving Southwest flights that are…

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  • Business

Michigan lowers incentives for Ford EV battery plant to match reduced output

The Cheap Investor1 year ago11 months ago02 mins

By Nora Eckert DETROIT (Reuters) – Ford Motor is receiving a reduced incentive package from Michigan for its battery plant in the city of Marshall after the automaker cut expected production at the facility to match demand for electric vehicles. The Dearborn, Michigan-based car company is building the plant and plans to license technology to…

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Billionaire investor Ackman kicks off fundraising for new US fund

The Cheap Investor1 year ago11 months ago03 mins

By Svea Herbst-Bayliss (Reuters) – Hedge fund manager Bill Ackman kicked off fundraising for a new U.S.-listed closed-end fund on Tuesday, an effort people familiar with the matter say could bring in as much as $20 billion, more than double his assets under management, some of that from retail investors. Last month, Ackman sold 10%…

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White House warns Iran against meddling in Gaza protests in US

The Cheap Investor1 year ago11 months ago02 mins

WASHINGTON (Reuters) – The White House on Tuesday accused Tehran of trying to take advantage of Gaza-related protests in the U.S. and described such behavior as unacceptable, following a warning by the top U.S. intelligence official that Iran was trying to stoke discord in American society. The warning, issued earlier on Tuesday by Director of…

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  • Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
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  • Trump to issue order creating national AI rule
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