Data reviewed by NBC News showed that from 2018 to 2022, Norfolk Southern averaged slightly more accidents per million miles than the other six Class-I railroads.
Category Archives: business
Treasury Secretary Yellen seeks to soothe markets and depositors, saying U.S. banking system ‘remains sound’
After two bank failures in which regulators backstopped all depositors’ funds, Treasury Secretary Janet Yellen said account holders at other banks may not be guaranteed such robust protections.
The uncommon lending practices behind Silicon Valley Bank’s woes
Some unusual lending practices at Silicon Valley Bank contributed to the bank’s woes and raise questions about risk management by its leaders, analysts said.
Markets improve on reports of lifelines to First Republic and Credit Suisse
Bank stocks started to bounce back in midday trading on reports that two embattled lenders were receiving fresh financial support, easing some fears of a broader crisis.
A Louisiana plant is spewing a toxic chemical into the air and residents want to know: Why is it still operating?
A rubber plant near an elementary school in southern Louisiana has been emitting a carcinogenic chemical for decades. Locals wonder why it’s still allowed to remain in operation.
Poland to be 1st NATO member to give Ukraine fighter jets
Poland’s president said Thursday that his country plans to give Ukraine around a dozen MiG-29 fighter jets, which would make it the first NATO member to fulfill the Ukrainian government’s increasingly urgent requests for warplanes.
Biden administration tells TikTok's Chinese owners to sell their stakes or face possible ban
The Biden administration is threatening a potential ban of TikTok in the United States if its Chinese owners refuse to sell their stakes in the popular app.
Credit Suisse to borrow up to $54B amid banking worries
All eyes are on Wall Street as nervous investors worry about the health of the banking system, with First Republic Bank in the U.S. and Credit Suisse in Zurich both appearing to be under pressure. NBC’s Brian Cheung reports and CNBC’s David Faber provides insight for TODAY.
After a wave of teen fentanyl overdoses, a Texas community grapples with shock and anger
The overdoses of nearly a dozen teenagers in Carrollton, Texas, has been a lesson for the community in how quickly fentanyl use has spread among young people.
Black founders who banked with SVB fear backsliding on hard-won gains
SVB won mostly good reviews from Black entrepreneurs who recalled strained ties with the financial industry. The collapse struck some as a potentially lasting setback.