Rail strike negotiations stalled by battle over sick leave policies

The top union negotiator in talks to avert a railroad strike has accused BNSF and Union Pacific to delay progress. Specifically, Dennis Pierce, president of the Brotherhood of Locomotive Engineers and Trainmen, or BLET, said the companies rejected the union’s proposal for sick leave policies. “The main resistance comes from the Union Pacific and the … Read more

Major rail unions edge closer to strike

Two of the biggest railway unions in negotiations with rail carriers have drawn a line in the sand: They are demanding that more quality of life provisions be included in the contract, covering attendance policies, holidays and on sick days, otherwise they will go on strike. The Brotherhood of Locomotive Engineers and Trainmen and the … Read more

Volkswagen and Porsche take huge risk with big bet

Nothing stops Volkswagen (VLKAF) . Not Russia’s energy war against the European Union. Moscow decided to cut off gas supplies to Europe ahead of the cold autumn and winter months due to the countries’ support for Ukraine, which Moscow invaded on February 24. This energy crisis will undoubtedly cause household electricity bills to soar, which … Read more

Volkswagen triggers historic Porsche IPO plan, defying market doubts

A Porsche 911 Carrera 4S stands in the evening light in a drive-in cinema on the Porsche factory circuit in Leipzig. John Woitas | photo alliance via Getty Images volkswagen on Monday announced plans to launch sports car brand Porsche, sparking what could become one of the world’s biggest stock prices even as record inflation … Read more

What you need to know about SLS, Orion

NASA plans to launch the Artemis I mission Monday from Kennedy Space Center in Florida, sending the Space Launch System (SLS) rocket and Orion capsule on a more than month-long journey around the moon. — The uncrewed launch marks the debut of the most powerful rocket ever assembled and kicks off NASA’s long-awaited return to … Read more

Bill Ackman says fast food chains are an inflationary shield. Here are two he likes, and one he just sold.

A cautious session is expected for Tuesday, after the worst slump since June for the major indices. That’s when a growing number of investors see the Fed moving from rate hikes to a daunting challenge in the face of stubbornly high inflation and a global growth mess. We’ll find out on Friday when Fed Chairman … Read more

Bill Ackman says fast food chains are an inflationary shield. Here are two he likes, and one he just sold.

A cautious session is expected for Tuesday, after the worst slump since June for the major indices. That’s when a growing number of investors see the Fed moving from rate hikes to a daunting challenge in the face of stubbornly high inflation and a global growth mess. We’ll find out on Friday when Fed Chairman … Read more

Once the Worst Yield on Wall Street, Cash Now Seems to Be the Best Asset to Own, According to Morgan Stanley

Equity sellers are poised to pick up where they left off on Friday as the market appears to wake up from its August slumber with a vengeance. As Goldman Sach’s Chief U.S. Equity Strategist David Kostin told his clients after the S&P 500 SPX took just 17 weeks to hit its year-end target of 4,300, … Read more

GM, Ford and Dodge electric muscle cars face latest EV transition test

Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT concept electric muscle car on August 17, 2022 in Pontiac, Michigan. Michael Wayland/CNBC PONTIAC, Michigan — At an event featuring upbeat ’80s music and $2 beers this week, Dodge unveiled a concept for his first electric muscle car which included an exhaust system and a multi-speed … Read more

YouTube removes video of Tesla investors using children in FSD beta test

Tesla Model 3 Source: Tesla YouTube has removed a pair of videos from its platform showing Tesla drivers performing amateur vehicle safety tests using their own children instead of mannequins on the road or in the driveway. The tests aimed to determine whether a slow movement You’re here equipped with the company’s latest driver assistance … Read more