Norfolk Southern “must pay” for the destruction caused

Published

3 years ago

February 22, 2023

Norfolk Southern ordered to pay for the damage caused following Ohio train derailment

As investigations into the Norfolk Southern train derailment continue, U.S. authorities are ordering the company to pay for the clean-up or face steep fines.

The train was carrying vinyl chloride and other potentially hazardous substances when it derailed.

Norfolk Southern is now facing multiple lawsuits, with many residents forced to flee their homes.

The Environmental Protection Agency has confirmed the company will “pay for cleaning up the mess they created and for the trauma they’ve inflicted on [the] community”.

Following the disaster, residents have been presenting with headaches and nausea, and expressed fears that local water supplies may be contaminated.

This is despite repeated assurances of local, state and federal officials that it is safe for consumption.

Meanwhile, Ohio Governor Mike DeWine says Norfolk Southern “needs to be made to pay” for any medical costs stemming from the derailment.

DeWine is also calling for long-term changes to how railroads operate.

He called it “absurd” and “fundamentally wrong” a train carrying potentially hazardous chemicals was not required to alert local authorities when it was in transit.

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

2 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker

Money

Wall Street slides as AI spending raises investor concerns

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!

Published

3 days ago

January 30, 2026

Harvey Vargas

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.

Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.

Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.

We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.

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Money

Tesla brand value plummets amid Elon Musk’s political focus

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Published

5 days ago

January 28, 2026

Harvey Vargas

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.

In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.

#TeslaNews #ElonMusk #BrandValue