Lufthansa Flight Solo: 10 Minutes Without Pilot

 

A Lufthansa flight from Frankfurt to Seville experienced a critical incident last February when the co-pilot fainted, leaving the cockpit unattended for 10 minutes. The Airbus A321, carrying nearly 200 passengers, maintained a stable flight due to the autopilot. The captain's attempts to access the cockpit were initially...

Trump Blasts Walmart Over Tariff-Driven Price Hikes

 

President Trump criticized Walmart for blaming tariffs on price increases, urging them to absorb the costs. Walmart CFO John David Rainey acknowledged significant price increases due to tariffs, despite some tariff reductions. While Walmart aims to keep prices low, they anticipate absorbing some costs and expecting suppliers to do...

Short Tariff Reprieve Leaves US Businesses in Limbo

 

A 90-day reprieve on high tariffs on Chinese imports has offered small US businesses temporary relief, but uncertainty remains. While the reduction from 145% to 30% allows for some production, the short timeframe creates anxiety. Business owners express concerns about the inability to plan long-term due to the impending...

Crypto Slumps After Moody's US Credit Downgrade

 

Major cryptocurrencies like ether, XRP, and dogecoin experienced a roughly 3% drop following Moody's downgrade of the U.S. credit rating to Aa1. The broader crypto market, briefly reaching a weekly high, settled at $3.3 trillion. This followed Moody's citing rising U.S. deficits and lack of political will to...

DOJ May Drop Boeing 737 Max Criminal Case

 

The Department of Justice (DOJ) is considering dropping its criminal case against Boeing related to two fatal 737 Max crashes that killed 346 people. Boeing had initially agreed to a plea deal, but a judge rejected it. The DOJ is now proposing a non-criminal settlement involving a $444.5...

NJ Transit Strike Cripples Commutes, Causes Chaos

 

A NJ Transit rail strike caused major chaos for commuters in Newark Penn Station Friday. Thousands were stranded as all rail service was shut down due to a contract dispute between transit officials and the Brotherhood of Locomotive Engineers and Trainmen. Alternate routes were overcrowded and expensive, leaving...

Boeing May Avoid Criminal Charges in 737 Max Crashes

 

Boeing may escape criminal charges in the 737 Max crashes that killed 346 people. The Justice Department is reportedly considering a deal where Boeing would compensate victims' families but avoid a guilty plea. Lawyers representing the families express deep disappointment, calling the potential agreement a 'backroom deal' that prioritizes...

NJ Transit Engineers Strike Disrupts Commutes

 

A strike by NJ Transit locomotive engineers began May 16th, halting train service after contract negotiations failed. Bus service continues, though with increased capacity challenges. Governor Murphy criticized the union, while the union blamed NJ Transit for ignoring cost-saving opportunities. Both sides will meet with the National Mediation...

Trump Secures $1.4 Trillion in Middle East AI Deals

 

President Trump concluded his Middle East tour with a massive $1.4 trillion in investment pledges from the UAE, Saudi Arabia, and Qatar. The UAE's portion, totaling $200 billion, highlights a significant investment in artificial intelligence, including the construction of a large AI campus. These deals aim to boost...

Microsoft Offers Concessions to Settle EU Antitrust Probe

 

The European Commission is conducting a market test to assess Microsoft's new concessions regarding its Teams and Office products, aiming to resolve an antitrust probe initiated by a Slack complaint. Microsoft unbundled Teams from Office 365 in the EU but offered further concessions, including a seven-year separation and improved...