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Dow Jones Breaks Even; Chip Stocks Hit New Lows; Apple Mac Sales Buck Downtrend

The Dow Jones Industrial Average traded back to unchanged on Monday, holding above September's bear market low. Read More...

Reuters

Rail union BMWED members reject contract deal with U.S. railroads

The Brotherhood of Maintenance of Way Employes (BMWED), which represents more 11,000 workers, said the rejection results in a “status quo” period where the union will reengage bargaining with the Class I freight carriers. The union said the vote “indicates that there is a lot of work to do to establish goodwill and improve the morale that has been broken by the railroads’ executives and Wall Street hedge fund managers”. Last month, President Joe Biden announced that other unions, including those representing thousands of workers, and the National Carriers’ Conference Committee (NCCC) had reached a tentative deal, staving off a costly strike that could have crippled U.S. supply chains.

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