The U.S. Senate on Thursday voted 80-15 in favor of a bill that would prevent a rail strike by imposing a deal on freight-rail workers, after rejecting a separate House-passed Read more
Tag: NSC
Railroad stocks rally as strike risk effectively removed after President Biden urged Congress to step in
Shares of railroad operators rallied Tuesday, as Evercore ISI analyst Jonathan Chappell said President Joe Biden’s urging of Congress to step into the stalled talks between labor unions and rail Read more
‘A rail shutdown would devastate our economy’: Biden urges Congress to head off potential strike
OMAHA, Neb. — President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month’s deadline in the stalled contract talks, following pressure by business Read more
CSX, Norfolk Southern stocks sink to near 2-year lows after UBS downgrades, citing a ‘deteriorating’ outlook
Shares of CSX Corp. and Norfolk Southern Corp. both sank toward the lowest levels in nearly two years Tuesday, after UBS analyst Thomas Wadewitz backed away from his long-time bullish Read more
Biden to speak on railway labor deal at 11 a.m. Eastern, White House says
President Joe Biden is scheduled to deliver remarks at 11 a.m. Eastern on a tentative deal by rail companies and unions to avert a strike, the White House said Thursday. Read more
Railroad stocks rally after strike averted, to provide a big boost to the Dow transports
Shares of railroad operators rallied in premarket trading Thursday, after a railway strike was averted as the White House said a tentative deal has been reached. Shares of CSX Corp. Read more
Potential railroad strike: Why Amtrak is canceling trains, and everything else you need to know
A possible national railroad strike is looming over the U.S. supply chain and adding to the inflation fears that have roiled markets this week. Major freight railroad operators have already Read more
Here are 5 things we’ve learned so far from earnings season
Only about one-fifth of the S&P 500 have so far reported second-quarter results, but at least five major talking points have emerged — some quite surprising — since earnings season Read more
Here are 5 things we’ve learned so far from earnings season
Only about one-fifth of the S&P 500 have so far reported second-quarter results, but at least five major talking points have emerged — some quite surprising — since earnings season Read more