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Here’s how a national rail strike could start in December

The strike prep calendar for rail operators, customers, and logistics managers continues to be in flux with a lack of coordination between key rail unions leaving open the potential for two strike dates in December. BMWED, which represents the Brotherhood of Maintenance of Way Employees, is scheduled to strike on …

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Crypto investor saw serious ‘red flags’ with FTX founder Sam Bankman-Fried

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during a Senate Agriculture, Nutrition and Forestry Committee hearing in Washington, D.C., on Wednesday, Feb. 9, 2022. Sarah Silbiger | Bloomberg | Getty Images Serious red flags around Sam Bankman-Fried’s FTX emerged before the now-embattled cryptocurrency exchange even …

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Walmart and Target’s quarterly results lay bare retailers’ differences

Walmart‘s stock surged this week. Target‘s shares plunged. The rival big-box players are both known for selling an array of products including food, clothing, home goods and kitchen appliances. Both their CEOs — Walmart’s Doug McMillon and Target’s Brian Cornell — stepped into their roles in 2014. But the retailers …

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Meta disciplined or fired employees for taking over user accounts: WSJ

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Arnd Wiegmann | Reuters Meta Platforms reportedly fired or disciplined more than two dozen employees and contractors who allegedly compromised and took control of Facebook user accounts, The Wall Street Journal reported Thursday. Bribery was involved in …

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Amid mass layoffs, the Big Tech dream job is losing its luster

For decades, Silicon Valley tech darlings like Google, Apple, Facebook and Twitter set the gold standard of making it in the tech space. Employees wanted to work for innovative leaders, enjoy vast campuses that catered to their every need and use their talents to build some of the most influential …

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Biden administration to make it easier for student loan borrowers to discharge debt in bankruptcy

President Joe Biden speaks on the student debt relief plan as Secretary of Education Miguel Cardona listens in at the Eisenhower Executive Office Building in Washington, D.C., on Oct. 17, 2022. Alex Wong | Getty Images News | Getty Images The Biden administration announced on Thursday updated guidelines that will …

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Port of New York is again nation’s No. 1 trade hub as California falls

A container crane stands idle at the Port of Los Angeles amid a cargo slowdown on November 16, 2022 in Los Angeles, California. The country’s busiest container port complex, the ports of Los Angeles and neighboring Long Beach, saw imports of shipping containers drop 26 percent in October compared with …

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GM EV unit BrightDrop forecasts $1 billion in 2023 revenue

BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General Motors’ investor day on Thursday, is the first time BrightDrop has released revenue numbers. The company did not …

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Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategy

CNBC’s Jim Cramer on Wednesday said the Federal Reserve must pay attention to recent retail earnings reports to plan the rest of its battle against inflation. “I am begging the Fed to look at what’s happening at individual companies – big ones, not small ones – so that they’ll be …

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How the infamous market crash of 1987 could ease worries about stocks

This is an excerpt from the CNBC Make It newsletter. Subscribe here. Sometimes, when I feel myself getting wrapped up in drama in my life, I like to take a second to zoom out and put things in perspective.  And no, I don’t mean ask my therapist about it. I mean, …

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