Business

LIRR's $2.5 Billion Third Track Opens After Six Decades of Debate, Planning and Construction

LIRR’s $2.5 Billion Third Track Opens After Six Decades of Debate, Planning and Construction

The Long Island Rail Road’s nearly 10-mile-long third track through Nassau County is complete, officials announced Monday morning. Long Island planners had considered and debated the $2.5 billion effort for more than six decades before construction began in 2019. “This is the culmination of a long, long journey,” Governor Kathy Hochul announced at a news …

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The strongest US dollar in 20 years is a double-edged sword

The strongest US dollar in 20 years is a double-edged sword

Nancy Davis and Lance Roberts provide insight into the bond market in ‘Making Money with Charles Payne.’ The US economic outlook is unraveling as fears of a recession mount, but at least one bright spot remains: the American dollarwhich accelerated to a new 20-year high this week. Risk aversion amid growing fears of a global …

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Tesla deliveries hit record but lose views amid demand concerns

Tesla deliveries hit record but lose views amid demand concerns

Tesla (TSLA) reported record third-quarter vehicle deliveries on Sunday, but they were well below views. The report may reinforce concerns about demand, especially in China, as Elon Musk’s electric vehicle giant ramps up production capacity. X Shares of Tesla fell on Friday, undermining short-term lows but not yet breaking. Tesla delivered 343,830 EVs in the …

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Oil rebounds 3% as OPEC + assesses the biggest production cut since 2020

Oil rebounds 3% as OPEC + assesses the biggest production cut since 2020

OPEC+ considers cut of more than 1 million bpd: sources China emits largest share of oil products this year SINGAPORE, Oct 3 (Reuters) – Oil prices rose more than 3% in early Asian trading on Monday as OPEC+ considers cutting output by more than 1 million barrels a day for its biggest reduction since the …

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Stock futures turn slightly positive after Dow, S&P 500 captured worst month since March 2020

Stock futures turn slightly positive after Dow, S&P 500 captured worst month since March 2020

Traders on the floor of the New York Stock Exchange, September 7, 2022. Source: NYSE Stock futures rose slightly in overnight trading on Sunday after Wall Street closed another negative quarter and both the S&P 500 and the Dow Jones Industrial Average finished their worst month since March 2020. Futures linked to the Dow Jones …

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U.S. Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency

US Senator Introduces ‘No Digital Dollar Act’ to Ban Treasury and Fed from Interfering with Americans Using Paper Money – Regulation – Bitcoin News

A US senator has introduced the “No Digital Dollar Act to prohibit the US Treasury and Federal Reserve from interfering with Americans using paper money” if a central bank digital currency is adopted. The bill further states: “No central bank digital currency shall be considered legal tender under section 16 5103 of title 31, United …

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Michigan Cheeses Sold at Meijer, Whole Foods, Other Stores Recalled for Possible Listeria

Michigan Cheeses Sold at Meijer, Whole Foods, Other Stores Recalled for Possible Listeria

A Michigan cheese company with products in most large and small grocery stores in the state and across the country is recalling dozens of products due to possible Listeria contamination. Here is the information from the FDA: Old Europe Cheese, Inc. of Benton Harbor, MI is issuing a voluntary recall of its Brie and Camembert …

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