Business

Former Department of Transportation official Diana Furchtgott-Roth says the Federal Aviation Administration ‘is investigating’ on ‘The Evening Edit.’  The U.S. Securities and Exchange Commission (SEC) has opened an investigation into Arlington, Virginia-based Boeing Co. for statements the company made regarding safety practices, following an incident where a panel blew off …

Music rights investor Hipgnosis is set to be acquired by private equity giant Blackstone for $1.6billion (£1.3billion) after rival suitor Concord effectively conceded defeat. Last month Hipgnosis, which owns the rights to songs by acts ranging from Blondie to Neil Young, Barry Manilow, the Red Hot Chili Peppers to rapper …

Check out what’s clicking on FoxBusiness.com A Northborough, Massachusetts, resident has won $5.37 million after playing the lottery on May 4, the unofficial “Star Wars Day.” James Jorgensen was elated to win the big money prize from the Massachusetts State Lottery’s Megabucks game, and even more thrilled because of the …

Savers could have reason to celebrate the Bank of England’s decision to keep the base rate on hold for now. For while many view changes in interest rates through the eyes of the cost of home loans, this group is outnumbered by savers by around seven to one. The decision …

Check out what’s clicking on FoxBusiness.com General Motors will cease production of its iconic Chevrolet Malibu sedan.  The move comes as the Detroit-based automaker plans to revamp the Kansas facility where it makes the Malibu so that it can produce the upcoming electric Chevrolet Bolt model there. A Chevrolet Malibu …

The Monetary Policy Committee (MPC) is “gradually” moving towards an interest rate cut but that will mean further pain for mortgage holders before it gets there, experts have warned. At the last meeting in March, just one member of the MPC, Swati Dhingra, voted for rates to be cut by …

Check out what’s clicking on FoxBusiness.com An ad from New England Patriots owner Robert Kraft’s Foundation to Combat Antisemitism was seen during NBA playoff games on Tuesday night imploring everyone “don’t bring hate to the protest.” With antisemitism continuing to rise in the United States, Kraft’s foundation has been proactive …

The chief executive of British Gas has called for smart meters to be made “mandatory” in every UK household. Chris O’Shea says the move would mean the nation is on track to hit net zero targets, although the energy measuring devices remain unpopular among some homeowners. O’Shea, the chief executive …

XPRIZE Foundation founder and Executive Chairman Peter Diamandis discusses the pros and cons of AI on ‘The Claman Countdown.’ The use of generative artificial intelligence tools by employees in the workplace is booming, but most of the workers who are utilizing the new technology have reservations about admitting it, new …

The Bank of England’s monetary policy committee (MPC) will announce its latest interest decision at midday tomorrow (Thursday, May 9). No need to wait, I can already tell you what it’s going to say. The MPC will continue to hold base rate at its 16-year high of 5.25 percent, just …