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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
Jul 09, 2024
Page
3
Wall Street closed mixed with the S P 500 and Nasdaq hitting all time highs while the Dow edged lower. Nvidia Broadcom and AMD led tech gains even as Boeing rose on a 737 Max fraud plea and Paramount Global fell on a merger. Investors eye earnings and inflation data as Powell testifies.
Boeing will plead guilty to a criminal fraud charge linked to two 737 Max crashes that killed 346 people. The deal includes a $243.6 million fine, a three year independent monitor, and at least $455 million in safety program investments while excluding immunity for individuals or unrelated incidents. Justice Department to file plea by July 19. judge Reed O Connor could accept or reject terms.
U S airport security screened more than 3 million passengers in one day for the first time during the July Fourth weekend rush. TSA noted 35 travelers per second, as travel rebounds to near pre pandemic levels. Airlines forecast upbeat Q2 results despite higher costs and rising complaints.
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