Consumer borrowing increased at a solid pace in August, helped by the biggest jump in auto and student loans in three years. Total credit rose $17.9 billion after a $23 billion increase in July, the Federal Reserve reported Monday.
Boeing will make standard on its troubled new airliner a safety feature that might have helped the crew of a jet that crashed shortly after takeoff last year in Indonesia, killing everyone on board. The equipment, which had been offered as an option, alerts pilots of faulty information from key sensors. It will now be included on every 737 Max as part of changes that Boeing is rushing to complete on the jets by early next week, according to two people familiar with the changes.
Massachusetts has brought a lawsuit accusing members of the Sackler family, owners of the pharmaceutical company that produces OxyContin, of deceiving patients and doctors about the risks of the addictive drug — complicating the family's established philanthropic legacy.
Amid a fresh torrent of criticism for inconsistent enforcement of its rules prohibiting hate speech and harassment, YouTube announced plans Wednesday to take down some hateful content, including videos endorsing white supremacy and Holocaust denial. The new rules, which YouTube outlined in a blog post, prohibit videos “alleging that a group is superior in order to justify discrimination, segregation, or exclusion” based on race, gender, caste, religion, sexual orientation and other protected categories.
Work messaging platform Slack is taking the next step in filing to go public, the latest in several highly anticipated tech IPOs. Slack's IPO comes after Pinterest, Lyft and Zoom went public. Uber and Postmates are due up next.
President Donald Trump pointed to farmers Monday as winners from the administration's proposed rollback of federal protections for wetlands and waterways across the country, describing farmers crying in gratitude when he ordered the change. But under long-standing federal law and rules, farmers and farmland already are exempt from most of the regulatory hurdles on behalf of wetlands that the Trump administration is targeting. Because of that, environmental groups long have argued that builders, oil and gas drillers and other industry owners would be the big winners if the government adopts the pending rollback, making it easier to fill in bogs, creeks and streams for plowing, drilling, mining or building — and government numbers released last month support that argument.