It looks like what would have been a crippling strike by workers at freight railroads has been avoided.
The White House released a statement applauding the tentative agreement calling it"an important win for our economy and the American people." In Asia, China's central bank left its benchmark lending rate unchanged. The Shanghai Composite index lost 1.2%, Hong Kong's Hang Seng index rose 0.4%.Trading was tentative in New York on Wednesday, a day after the market’s worst drop in two years was set off by fears that higher interest rates could cause a recession.
IPOs in the United States are on track for their worst year in over two decades, according to Dealogic. So far, companies have raised about $18 billion this year, compared to over $231 billion during the same period last year.Gasoline price continues downward trendThe average price of a gallon of gasoline slipped on Thursday to $3.698, according to AAA. Wednesday's price was $3.703. Gas has been on the decline since hitting a high of $5.016 on June 14.
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Walt Disney Co.'s ESPN will raise the price of its streaming service by 43% next month, betting that it can help cover the escalating cost of sports rights without losing subscribers who are grappling with soaring inflation. Gabby Jones/Bloomberg via Getty Images
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STOCK MARKET NEWS: Railroad agreement, futures rise, Disney could shakeup streaming servicesDow Jones, Nasdaq, S&P look to recover after early September slump, prices continue to surge as Biden administration battles inflation. FOX Business is providing real-time updates on the markets, stocks, commodities, acquisitions and businesses on the move. Another Biden win
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STOCK MARKET NEWS: Railroad agreement, futures rise, Disney could shakeup streaming servicesDow Jones, Nasdaq, S&P look to recover after early September slump, prices continue to surge as Biden administration battles inflation. FOX Business is providing real-time updates on the markets, stocks, commodities, acquisitions and businesses on the move. So a not certain deal got it. Problem solver -
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Ross: No words for Dow stocks dropping 1,200 points, only lyricsI’m sure stocks will recover -- they always do -- but seeing that 4-digit drop yesterday, it was time to dig out this timeless track from my 1997 Album “News In The Key of C,” a sad ballad that’s as true now as it was 25 years ago: Bidenflation No words? Really? How about Bidenflation? Maybe Let's go Brandon?
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Railroad stocks rally after strike averted, to provide a big boost to the Dow transportsShares of railroad operators rallied in premarket trading Thursday, after a railway strike was averted as the White House said a tentative deal has been... Did he give details or is he just saying crap again? He does that a lot. TeamTradeology Railroad stocks rally but railroad workers moral is at an all time low FJB and F the unions I worked 257 hours last month that’s not including time in a motel waiting to take a train home When I add all my time up and divide it by 4 it comes out to working 3 full time jobs per WK
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