Following a difficult year in which the spacecraft's first astronaut trip became a nightmare for NASA, Boeing has lost over $2 billion and counting on its Starliner spaceship. According to a filing released by Boeing on Monday, the Starliner program recorded charges of $523 million for 2024, its biggest single-year loss to date. The business pointed out that because Starliner is bound by a fixed-price contract with NASA, there is a constant chance that comparable losses will need to be recorded at other times. Since NASA gave Boeing a roughly $5 billion fixed-price contract to create Starliner in 2014, the business has seen losses on the project nearly annually. Elon Musk's SpaceX, which has flown ten human flights for NASA and is relying on its Dragon capsules, is a competitor to Boeing's...

Many of the 42 million federal student loan debtors in the nation are probably anxious as the Trump administration looks for methods to shut down some or all of the U.S. Department of Education. Underwriting the loans that allow millions of people to enroll in college and graduate school each year is one of the responsibilities of the Education Department. Additionally, it manages the nation's $1.6 trillion in outstanding student loan debt. According to Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit organization that assists borrowers with debt repayment, borrowers are currently experiencing a significant degree of concern. According to analysts, a congressional act would be necessary to close the agency. However, according to The Wall Street Journal, offic...

About half of the workers at General Motors' now-defunct Cruise robotaxi division will be let go. The announcements follow two months after GM announced it will no longer finance Cruise, having spent over $10 billion since acquiring the self-driving vehicle company in 2016. In an email message, Cruise announced today that it had made the difficult decision to let go of about half of its employees. We appreciate their enthusiasm and contributions in getting us to this point, and we are committed to helping them move forward with severance benefits and career guidance. As of the end of last year, Cruise employed close to 2,300 people, a GM representative previously told CNBC. "The 50% reduction came as a result of the change in strategy we announced in December," Cruise President and Chief ...

According to a Labor Department data released Tuesday, job postings decreased in December but hiring, voluntary resignation, and layoffs were unchanged. According to the Bureau of Labor Statistics' monthly Job Openings and Labor Turnover Survey, the number of open positions fell to 7.6 million, the lowest since September, and below the Dow Jones projection of 8 million. The ratio of available workers to open jobs was reduced to 1.1 to 1. The Federal Reserve regularly monitors the report for indications of a tight or slack labor market, even though it comes one month after other jobs statistics. The number of openings decreased by 556,000 during the month, even though the net gain in nonfarm payrolls increased by 256,000. Openings as a percentage of the labor force fell to 4.5%, which is 0....

After Travis Kelce gushed about Taylor Swift's Pop-Tarts on Monday's Super Bowl Opening Night, they are once again in the public eye. During the press conference in New Orleans, the Kansas City Chiefs tight end was asked to pick the nicest meal his pop star girlfriend had prepared for him. "She cooks really well," Kelce remarked. "Her Pop-Tarts are amazing, man. I love breakfast. Pop-Tarts made at home are incredible. The Chiefs are trying to win some of Swift's coveted victory Pop-Tarts at Sunday's championship game, while Kelce and his teammates are in town preparing for their Super Bowl matchup with the Philadelphia Eagles. The Chiefs appear to have adopted her baked goodies as a post-win ritual. Following a 30-27 victory over the Carolina Panthers on November 24, Swift was praised by K...

According to Swedish authorities, a shooting at an adult education facility in the central Swedish city of Rebro killed at least ten persons on Tuesday. The school was named by Swedish media as Campus Risbergska, which serves adults, including immigrants and those with impairments, and is situated roughly 125 miles west of Stockholm. At first, police reported that the accused shooter was one of five individuals admitted to the neighboring Rebro University Hospital. A few hours later, it was revealed that ten people had died and that it was unknown how many had been injured. According to authorities, the gunman is thought to be among the deceased. Authorities believe the shooter acted alone, although an investigation is still underway. The local police chief, Roberto Eid Forest, told report...

Luka Doncic was introduced by the Lakers on Tuesday, and the NBA star shared the same astonishment as the rest of the basketball community on the trade that took him from Dallas to Los Angeles. During his first press conference, Doncic stated, "You can imagine how surprised I was." I was almost asleep. I had to confirm that it was April 1st when I received a call. At first, I didn't think it was true. It was quite startling. I had some difficult times. Doncic was acquired by the Lakers on Saturday in return for a first-round selection and power forward Anthony Davis. In a three-team trade, they also sent guard Jalen Hood-Schifino to the Utah Jazz. During the previous season, Doncic guided the Mavericks to the NBA Finals. Doncic has the third-highest point average in NBA history during his...

Two people with knowledge of the plans informed NBC News that the White House is drafting an executive order to abolish the Department of Education. A federal agency cannot be abolished by President Donald Trump on his own without Congress's consent. The proposed order is the culmination of Trump's campaign pledges to dismantle the federal Education Department, which was founded in 1979 under President Jimmy Carter. "One other thing I'll be doing very early in the administration is closing up the Department of Education in Washington, D.C., and sending all education and education work and needs back to the states," the then-candidate stated in a video shared to social media in September 2023. Trump stated previously in the film that although American society spends more than $1 trillion ye...