US

Norfolk Southern has recently reached an agreement to pay $310 million to settle charges stemming from a toxic train derailment that occurred in East Palestine, Ohio in February of 2023. This settlement marks a significant step towards addressing the environmental and community impacts of the incident. The majority of the settlement, roughly $235 million, is
Federal Reserve Governor Christopher Waller recently spoke about the current state of the economy, particularly focusing on inflation. Waller mentioned that there is evidence to suggest that inflation is not accelerating, which could potentially mean that further interest rate hikes may not be necessary. However, he also stated that he would need more convincing before
Recently, Tesla, the electric vehicle giant, announced a significant restructuring that involved cutting around 600 employees across its manufacturing facilities and engineering offices in the Fremont and Palo Alto areas of California. These layoffs were not limited to specific roles but affected employees at all levels, from entry-level positions to directors. The company cited weakening
United Airlines recently faced heightened scrutiny from the Federal Aviation Administration (FAA) following a series of safety incidents. This scrutiny prevented the airline from launching new routes, impacting its plans for the summer travel season. The FAA’s increased oversight was a response to safety concerns raised after incidents involving United Airlines aircraft earlier this year.