Money

Operator of train that derailed in Ohio faces harsh criticism

Published

1 year ago

February 20, 2023

ticker NEWS

Norfolk Southern has been blamed for the incident by one U.S. senator

The operator of the train that derailed in Ohio two weeks ago is facing harsh criticism over the incident, with one state senator blaming the company for the disaster.

Senator Sherrod Brown says the incident, which released toxic chemicals into the surrounding environment, was an episode of“the same old story”, and Norfolk Southern “caused it”.

Thousands of workers have been let go from the transport giant in recent years, with Brown alleging the corporation “doesn’t invest in safety rules and regulation”.

As anger grows around the derailment, U.S. Transportation Secretary Pete Buttigieg is calling on major railroads to improve safety.

In a letter to Norfolk Southern Chief Executive Alan Shaw, Buttigieg says he will be urging Congress to raise the cap on fines against railroads for violating regulations.

Meanwhile, Senator Brown says we’ve seen his all before and believes we’ll see it all again.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending