>>Trading Week Winding Down
(New York, NY) -- The opening bell rings this morning as the trading week winds down on Wall Street. That came as investors received more data yesterday that showed inflation could be easing. Last month's producer price index fell by point-two-percent after analysts had expected an increase of point-one-percent. At the closing bell, the S&P 500 gained 12 points to 54-33 while the Nasdaq was up 59 points to 17-667. Meanwhile, the Dow Jones Industrial Average was down 65 points to 38-647.
>>FAA Admits Boeing Oversight "Too Hands Off"
(Washington, DC) -- The head of the FAA says the agency's oversight of Boeing was "too hands off" before incidents involving the company's planes happened earlier this year. In Senate Commerce Committee hearing Thursday, FAA Administrator Mike Whitaker said, "The FAA should have had much better visibility into what was happening at Boeing before January 5th." That's when a door plug blew off while an Alaska Airlines flight was in the air. He added the FAA is increasing the use of in-person inspectors and he will be visiting Boeing's South Carolina factory on Friday. Last month, Boeing provided a detailed quality improvement plan to the FAA.
>>Tesla Shareholders Vote To Reinstate Elon Musk's Multi-Billion Dollar Pay Package
(San Francisco, CA) -- Tesla shareholders have voted to reinstate CEO Elon Musk's multi-billion-dollar pay package. Thursday's move came nearly half a year after a Delaware court voided it, ruling it had been improperly granted by the board. Musk's compensation package at the time was worth over 50-billion-dollars. That dollar amount has dropped slightly since then due to declines in Tesla share prices.
>>Apple Most Valuable Public Company In US
(Undated) -- Apple is the most valuable public company in the U.S. On Thursday, Apple edged past Microsoft when shares rose point-six-percent and its market cap closed at three-point-two-nine-trillion. The shift comes the same day that Apple announced it's introducing buy-now-pay-later payment options.
>>Ford Opens EV Sales To All Dealers
(Dearborn, MI) -- The "Model e" certification program at Ford Motor Company has ended paving the way for all dealers to sell electric vehicles. The decision means EVs will be sold at 28-hundred dealers in the country which is double the number of dealers in the Model e program. The sales of electric vehicles have slowed and automakers are making necessary changes to meet consumer demand. Ford has cut the retail prices on EVs by 30-percent since they introduced the Model e program. The company is requiring dealers to install a pair of Level 2 charging stations by the end of March next year.
>>Consumers To Spend $22 Billion On Father's Day Gifts
(Undated) -- Consumers are expected to spend roughly 22-billion dollars on Father's Day gifts. The National Retail Federation says the average consumer is shelling out around 190 dollars on gifts and celebrations. About three-fourths of U.S. adults are expected to celebrate the holiday.
