BREAKING NEWS: Tentative agreement reached to avoid rail strike
It looks like what would have been a crippling strike by workers at freight railroads has been avoided.
The White House released a statement applauding the tentative agreement calling it"an important win for our economy and the American people." In Asia, China's central bank left its benchmark lending rate unchanged. The Shanghai Composite index lost 1.2%, Hong Kong's Hang Seng index rose 0.4%.Trading was tentative in New York on Wednesday, a day after the market’s worst drop in two years was set off by fears that higher interest rates could cause a recession.
IPOs in the United States are on track for their worst year in over two decades, according to Dealogic. So far, companies have raised about $18 billion this year, compared to over $231 billion during the same period last year.Gasoline price continues downward trendThe average price of a gallon of gasoline slipped on Thursday to $3.698, according to AAA. Wednesday's price was $3.703. Gas has been on the decline since hitting a high of $5.016 on June 14.
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Walt Disney Co.'s ESPN will raise the price of its streaming service by 43% next month, betting that it can help cover the escalating cost of sports rights without losing subscribers who are grappling with soaring inflation. Gabby Jones/Bloomberg via Getty Images
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