Newark Airport’s Train-Project Cost to Balloon Beyond $2 Billion
The long-awaited project to replace Newark Liberty International Airport’s train system has gotten even more expensive than its original $2 billion price tag.
Bloomberg Business
Fed Should Stick to Its Plan for One More Rate Hike, Bullard Says
Former Federal Reserve Bank of St. Louis President James Bullard said policymakers should continue to pencil in one additional interest-rate increase this year when they update their projections later this month.
It’s Much Harder to Find an Airbnb in NYC as New Rules Take Hold
As of Tuesday, it’s gotten much harder to find an Airbnb rental in New York City.
Investors to Sneak a Peek at Largest Buyout Debt Since Twitter
Investors are getting a preview of the $9.4 billion jumbo financing package behind the buyout of Worldpay Inc. as banks including JPMorgan Chase & Co. and Goldman Sachs Group Inc. drum up appetite before the official sale of the debt.
US Service Gauge Rises to Six-Month High, Topping All Forecasts
US service sector activity rose to a six-month high in August, bolstered by a pickup in new orders and hiring.
Spain’s Jennifer Hermoso Files Criminal Complaint Against Football Chief Rubiales
Spanish national team player Jennifer Hermoso has filed a criminal complaint against the country’s disgraced football chief for having kissed her after the women’s World Cup final in August.
Cummins, Daimler and Paccar Partner on $3 Billion Battery Plant for Electric Trucks
Cummins Inc., the Indiana-based diesel and natural gas engine manufacturer, will partner with two truck manufacturers and China’s EVE Energy Co. to build a battery plant in the US.
Ex-DRW Trader Accused of Stealing Proprietary Quant Code
A former DRW Holdings LLC trader and research analyst was accused in a lawsuit of stealing proprietary computer code used in the firm’s quantitative strategies.
Russian Shelling Leaves 16 Dead in Eastern Ukrainian Town
Ukrainian President Volodymyr Zelenskiy said Russia shelled a market in an eastern town, killing at least 16 people in one of the deadliest attacks against civilians in the past few months.
Toronto Home-Price Rebound Ends as High Rates Weigh on Sales
Toronto’s unexpected rebound in home prices came to an end last month as back-to-back interest rate hikes by Canada’s central bank helped squeeze buyers out of the market.
