Exclusive: Biden’s emergency board calls for railroad wage hikes to resolve contract talks

U.S. President Joe Biden’s emergency board tasked with helping major freight railroads and unions end a contract negotiation stalemate proposed on Tuesday annual wage increases of between 4% and 7% through 2024, according to a report seen by Reuters.
Analysis: After another stunning U.S. stock market year, investors wonder how much gas is left

The U.S. stock market is set to deliver a three-peat of stellar annual returns, but chances of a similar performance in 2022 may be threatened by a more hawkish Federal Reserve, slowing earnings growth and a relentless pandemic.