Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Can a crippling U.S. rail strike be avoided?

Published

3 years ago

on

A nationwide strike set for Dec. 9 could devastate the economy just before Christmas

On Tuesday U.S. President Joe Biden expressed confidence that a dispute between labor unions and the country’s freight railroads can be resolved.

“Congress, I think, has to act to prevent it,” Biden said. “It’s not an easy call, but I think we have to do it. The economy is at risk.”

The President made the remarks when he briefly spoke to reporters back at the White House following the long Thanksgiving holiday.

Over the weekend, online Black Friday sales in the United States topped a record-breaking $9.12 billion this year.

Despite inflation and other economic concerns, retail experts say it’s a solid start to the holiday shopping season.

During a meeting with Congressional leaders, President Biden discussed future legislative priorities for the lame duck session.

He also told top lawmakers that the looming railroad strike has to be a top priority.

When asked if he was confident that a rail strike would be averted, Biden replied, “I am confident.”

The President made those remarks before a nationwide railroad strike that could ultimately cripple the economy just days before Christmas.

Business groups from across the U.S. are calling on for Congress to take immediate action to avoid a strike set for Dec. 9.

Currently, a coalition of 449 organizations led by the U.S. Chamber of Commerce said lawmakers need to act before the strike deadline so they can prevent any work stoppage.

If the Biden administration and Congress fail—officials say it could cost the economy an estimated $2 billion per day, making inflation even worse.

Back in September, the Biden administration mediated a tentative agreement between the unions threatening a strike and the railroad companies. The agreement gave rail workers a 24% wage increase from 2020 through 2024 and sign-on bonuses. However, many union rail workers oppose the deal because it lacks sick time, does not address quality-of-life issues, and has laborers working on skeleton crews.

In order to avert a potential work stoppage, all 12 unions involved in negotiations must ratify their new agreements. So far, four unions voted against Biden’s proposal and are waiting for a new deal.

Related Topics:

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

Continue Reading

News

Global EV shake-up: Australia slows, China surges, Lexus teases supercar

Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.

Published

23 minutes ago

on

December 8, 2025

By

Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.


Australia’s electric vehicle market is facing a slowdown, with sales struggling to hit the 100,000 mark this year.

Mike Costello from Cox Automotive breaks down the key barriers slowing adoption and explains whether current growth is enough to meet the country’s climate goals.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#EVNews #ElectricCars #AustraliaEV #ChinaEV #LexusLFA #Zeekr7X #SustainableTransport #EVMarket


Download the Ticker app

Continue Reading

News

Elon Musk’s X hit with EU fine: Digital Services Act showdown

EU fines Elon Musk’s platform X €120 million for DSA violations, highlighting tech scrutiny and potential regulatory clashes.

Published

35 minutes ago

on

December 8, 2025

By

EU fines Elon Musk’s platform X €120 million for DSA violations, highlighting tech scrutiny and potential regulatory clashes.


In a landmark ruling, the European Union has imposed a €120 million fine on Elon Musk’s social media platform X, citing violations of new digital regulations under the Digital Services Act (DSA). This fine underscores the EU’s increasing scrutiny of tech giants and sets the stage for a potential clash between Elon Musk, the European Commission, and even political figures like former President Trump.

Chris Berg from RMIT University joins us to break down the reasons behind the fine, including X’s controversial handling of the blue tick verification system, and what this means for transparency and user rights on digital platforms.

We also explore the broader implications of this ruling for other tech platforms like TikTok and how the EU is asserting its regulatory authority on an international stage.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#ElonMusk #XPlatform #EURegulations #DigitalServicesAct #TechNews #SocialMediaLaw #ChrisBerg #TickerNews


Download the Ticker app

Continue Reading

News

Lando Norris claims first F1 World Championship after dramatic Abu Dhabi showdown

Published

4 hours ago

on

December 8, 2025

By

Lando Norris secures his first F1 World Championship at Abu Dhabi, becoming Britain’s 11th World Champion with 423 points.


Lando Norris has clinched his maiden Formula 1 World Championship after an electrifying finale at the Abu Dhabi Grand Prix. In a race packed with tension, Norris held onto third place — the exact result he needed to secure the title.

His performance not only sealed his first championship but also cemented him as Britain’s 11th F1 World Champion, marking a historic moment for McLaren and the sport.

Norris closed out the season with 423 points, marking a defining milestone in his career.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Formula1 #F1News #LandoNorris #MaxVerstappen #OscarPiastri #AbuDhabiGP #McLarenF1 #TickerNews


Download the Ticker app

Continue Reading

Trending Now