Boeing workers at a supplier plant in Kansas ended their strike while New Mexico fined a Texas-based company over $40 million over allegedly ignoring local pollution reporting. Meanwhile, Fed Chair Jerome Powell said the central bank may have to tighten financial rules.

<div class="block">Boeing workers at a supplier plant in Kansas ended their strike while New Mexico fined a Texas-based company over $40 million over allegedly ignoring local pollution reporting. Meanwhile, Fed Chair Jerome Powell said the central bank may have to tighten financial rules.</div>

Biz headlines: Boeing KS Workers End Strike, NM Fines Oil Company, Fed May Tighten Financial Rules

Let's start with Boeing. Workers at an aircraft parts supplier spirit aero systems in Wichita, Kansas are now back to work that after a short lived strike after reaching a new labor deal yesterday, the production pause lasted for about a week and workers will now return to work on July the fifth. The workers union says that agreement addresses the member's concerns with substantial wage increases will also maintain the core health care plan benefits that the membership insisted on and also includes mandatory overtime as well. Elsewhere, the new Mexico Environmental Department announced a $40.3 million penalty against Texas based oil and natural gas producer, Amer death. Now the department alleged that the company ignored local pollution reporting and control requirements by burning off excess amounts of natural gas and they did it without authorization back in 2019 and 2020. State regulators also accused Amer De of mining oil and natural gas without transporting that gas away via a pipeline which is required by state law. They say the company's excess emissions were equivalent to pollution that would come from heating over 16,000 homes in just a year fed chair Jerome Powell says the central bank may have to tighten its oversight of the American financial system. Speaking at a banking conference in Madrid yesterday, the Fed chair said that the collapse of Silicon Valley Bank signature Bank and First Republic Bank exposed vulnerabilities of the banking system that the FED will likely now have to address through new proposals. Now, he did not provide further details. All he said quote, I look forward to evaluating proposals for such changes and implementing them where appropriate.