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Problematic titanium was found in Boeing and Airbus jets. The FAA is investigating how it got there

By Chris Isidore, CNN New York (CNN) — Titanium that was distributed with fake documentation has been found in commercial Boeing and Airbus jets. Now the Federal Aviation Administration, the aircraft manufacturers and supplier Spirit AeroSystems are investigating whether those components pose a safety hazard to the public. The probe, first reported by the New

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Biden nominates Christy Goldsmith Romero to lead FDIC at pivotal time for the banking regulator

By Elisabeth Buchwald, CNN New York (CNN) — President Joe Biden has nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corporation. The announcement comes after current FDIC Chair Martin Gruenberg said he intended to resign once a successor is confirmed by the Senate following a scathing independent investigation detailing pervasive sexual harassment,

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FAA was ‘too hands-off’ in watching troubled planemaker Boeing, agency head says

By Chris Isidore and Gregory Wallace, CNN Washington DC (CNN) — Federal Aviation Administration chief Mike Whitaker said his agency is partly responsible for the safety problems at Boeing, admitting that it had been “too hands off” in its oversight of the troubled aircraft manufacturer. In testimony Thursday before the Senate Commerce Committee, Whitaker said

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Microsoft president to Congress: ‘We accept responsibility’ for cybersecurity failures

By Sean Lyngaas, CNN (CNN) — Microsoft “accepts responsibility for each and every one” of the issues cited in a scathing US government-backed report on the tech giant’s cybersecurity failings, Microsoft President Brad Smith will tell US lawmakers Thursday, according to his prepared testimony. “We acknowledge that we can and must do better, and we

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Economists polled by FactSet had anticipated a 0.1% rise in monthly wholesale inflation.

Another positive sign for consumers: Wholesale inflation ticked down last month

By Elisabeth Buchwald, CNN New York (CNN) — Americans and the Federal Reserve have another positive development to celebrate: More evidence that price pressures are fading. Wholesale inflation cooled significantly in May, with prices down 0.2% from April’s 0.5% increase, according to data the Bureau of Labor Statistics released Thursday. Economists polled by FactSet had

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