Transportation/Shipping

There's only one 'perfect asset' to fight off all the bad news that might come, says this strategist

There’s only one ‘perfect asset’ to fight off all the bad news that might come, says this strategist

Ahead of that, stock futures fall after Ford warns of high supply costs, on the heels of FedEx’s FDX caution on earnings last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation alongside a brutal war in Europe. But …

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FTC issues warning to Uber, Lyft, DoorDash and other 'work on demand' companies

FTC issues warning to Uber, Lyft, DoorDash and other ‘work on demand’ companies

The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, who the agency says are entitled to protection regardless of classification. The commission adopted a policy statement that details issues construction workers face — including misleading claims about their wages and hours, unfair contract terms and more …

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Ray Dalio says watch out for rates hitting this level as Wall Street stocks will take a 20% hit

Ray Dalio says watch out for rates hitting this level as Wall Street stocks will take a 20% hit

After that CPI shock earlier in the week, Wall Street is showing a fresh batch of data on Thursday, with the overall retail sales figure coming in stronger than expected. And a disastrous rail strike can be reversed. But there is little to cheer billionaire investor and hedge fund manager Ray Dalio who, in our …

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