New York CNN — Union Pacific, one of the major freight railroads that successfully fought off union demands for paid sick days for workers during contentious labor negotiations in 2022, reported another year of record earnings Tuesday. The company, along with CSX, Norfolk Southern and Burlington Northern Sante Fe, narrowly …Read More »
‘We don’t want to work for jerks’: The impact of bad bosses, toxic workplaces and gaslighting on your mental health and here’s how you can consolidate credit card debt can help you pay it off faster.
Hi, MarketWatchers. Don’t miss these top stories. Two-thirds of Americans expect the housing market to crash in the next 3 years, according to one survey Most adults said they feel that the housing market is headed off a cliff, but unemployment remains low and house prices are rising, albeit at …Read More »
A credit downgrade wave has begun to hit the highflying $1.4 trillion U.S. leveraged loan market as the Federal Reserve’s rapid pace of interest rate hikes threatens companies hooked on cheap debt. Companies that don’t qualify as investment-grade, perhaps because of a large debt load or poor credit history, rushed …Read More »
If you think the Federal Reserve wouldn’t dare keep interest rates high and risk throwing the U.S. economy into recession, Keith McCullough would like to have a chat with you. He’s convinced that 2023 will bring a U.S. corporate profit recession and a credit crunch as businesses struggle to obtain …Read More »
New York CNN — Trading for dozens of companies on the New York Stock Exchange was briefly halted Tuesday just after the market opened. Major names impacted included Verizon, McDonald’s, Morgan Stanley, AT&T and Nike, according to the NYSE. Many of those stocks made large moves just minutes into the …Read More »