Norfolk Southern agrees to $600 million settlement for East Palestine train derailment
Norfolk Southern Railroad CEO Alan Shaw speaks on “Cramman Countdown” about new NTSB investigation revealing train inspection shortcuts and “missed detector warnings” led to East Palestine train crash Reacted to the results. The company whose freight train derailed in East Palestine, Ohio last year, causing a massive chemical spill, has reached a $600 million settlement […]
‘Enormously Naive’: JPMorgan CEO Slams Biden’s Natural Gas Pause, Issues Warning About Economy
Jamie Dimon, long-time CEO of JPMorgan Chase, criticized the Biden administration’s pause on new liquified natural gas (LNG) projects and gave a key warning about the future of the economy in a letter released Monday as a part of the company’s annual report. Dimon emphasized the usefulness of LNG as a form of affordable energy […]
No Roads For You! Blue City To Slap Drivers With Stringent Toll To Reduce Traffic, Pollution
New York City is implementing congestion pricing policies that will drive up costs for people traveling by car. The city will implement a daily toll — $15 and up — for drivers traveling in Manhattan south of 60th Street, with some exceptions including on FDR Drive and the West Side Highway, Axios reported on Monday. […]
Equity investor says oil prices could affect Fed as they decide on rate cuts
Peter Andersen, chief investment officer of Andersen Capital Management, analyzes the latest employment and inflation data, the trajectory of the Fed interest rate, and how high oil prices are likely to rise. Andersen Capital Management’s chief investment officer said oil prices could influence the Federal Reserve as policymakers decide the next step in interest rates. […]
Boston Mayor Has A Gift For City’s Crumbling Commercial Real Estate Sector — More Taxes
Democratic Boston Mayor Michelle Wu proposed legislation in late March that would let the city hike taxes on its already struggling commercial real estate sector. The proposal is meant to combat falling revenue from commercial real estate due to a drop in property values as the sector struggles, seeking to prevent the city from needing […]
Biden Admin Announces Billions In Funding For Major Chip Maker As Construction Stalls
The Biden administration announced Monday that it had reached a preliminary deal with the Taiwan Semiconductor Manufacturing Company (TSMC) over billions in funding toward semiconductor fabrication plants in Phoenix, Arizona. Around $6.6 billion in direct funding and $5 billion in loans through the CHIPS and Science Act will go toward building three semiconductor fabrication plants, […]
Biden’s Electric Vehicle ‘Mandate’ Might Just Be A Surprise Gift To China
The Biden administration has put in place regulations that would require many Americans to adopt electric vehicles (EV) in the coming years despite U.S. companies struggling to produce the products, leading some experts to wonder if vehicles from China will be needed to meet current goals. The Environmental Protection Agency (EPA) finalized emission standards in […]
‘Not Having Any Of It’: Mike Rowe Touts Rising Number Of Gen Z Generation Ditching College For Blue Collar Jobs
“Dirty Jobs” host Mike Rowe on Saturday celebrated a recent report that showed more members of Generation Z are attending vocational schools as tuition at some private colleges surpasses $90,000 a year. Rowe joined “Cavuto Live” to discuss how the combination of rising post-secondary educational costs coupled with shortages in skilled labor are creating opportunities […]
REPORT: Apple Initiates First Major Post-Pandemic Layoffs
Apple is laying off over 600 employees in California, ABC News reported Friday. Apple is initiating its first significant job reduction since the pandemic, letting go of over 600 employees in California, according to ABC News. This move is part of a wider trend of downsizing within the tech sector. The tech giant reportedly informed […]
Blue City Officials Want To Let Residents Sue Grocery Stores For Closing
Two members of the San Francisco Board of Supervisors introduced an ordinance to be considered that would require grocery stores to provide six-months notice before closing, or be liable for a lawsuit. Supervisors Dean Preston and Aaron Peskin introduced the ordinance on Tuesday, which would also require that operators of supermarkets in the area make […]