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Federal government hands out $2.4 billion for 122 railroad projects nationwide

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10 months ago

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www.wxxv25.com – WXXV Staff – 2024-10-29 15:35:00

SUMMARY: The federal government is distributing $2.4 billion in grants for 122 railroad projects across 41 states and Washington, D.C., with over half allocated for smaller railroads. Announced by the Federal Railroad Administration, funds primarily support track and bridge upgrades, training, and cleaner fuel alternatives. Key projects include a $215 million grant for a Hudson River bridge replacement and nearly $160 million for consolidating tracks in Illinois. Other initiatives focus on developing hydrogen-powered locomotives and improving intermodal railyards. Transportation Secretary Pete Buttigieg emphasized that the investments will enhance supply chains and improve rail safety and efficiency.

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Hiring stalls with US companies reluctant to expand in an uncertain economic landscape

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2 days ago

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September 5, 2025

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www.wxxv25.com – Associated Press – 2025-09-05 12:00:00

SUMMARY: U.S. employers added only 22,000 jobs in August, signaling a cooling labor market amid uncertainty over President Trump’s economic policies, including widespread tariffs. The unemployment rate rose to 4.3%, the highest since 2021, with significant job losses in manufacturing, construction, and federal government sectors. Healthcare was the main growth driver. Revisions showed job cuts in June, marking the first losses since 2020. Economists attribute the slowdown to Federal Reserve rate hikes and Trump’s trade policies. The weak data boosts expectations of Fed rate cuts. Trump has pressured the Fed and fired the Labor Department economist over the disappointing reports.

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Hattiesburg man pleads guilty to spring break shooting in Biloxi

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3 days ago

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September 4, 2025

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www.wxxv25.com – WXXV Staff – 2025-09-04 11:43:00

SUMMARY: Dontavis Omar Magee, 24, pled guilty to shooting in Biloxi’s Surf Style parking lot during Spring Break 2023, striking a Biloxi police officer and four civilians. He was sentenced to 40 years, with 15 suspended, resulting in 25 years to serve plus 5 years post-release supervision. Investigators identified Magee through surveillance footage, photos from Hattiesburg Police, and social media images. Magee, 21 at the time and with no prior felonies, admitted to the shooting but claimed he had been threatened by two victims. He is expected to be extradited to Georgia for unrelated charges.

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Wall Street steadies itself as Alphabet pulls tech stocks higher

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4 days ago

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September 3, 2025

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www.wxxv25.com – Associated Press – 2025-09-03 13:00:00

SUMMARY: Wall Street steadied Wednesday as Alphabet and other tech stocks rose, with the S&P 500 up 0.3% and Nasdaq gaining 0.9%, while the Dow dropped 0.3%. Alphabet surged 8.3% after a judge ordered changes to Google’s search engine but spared its Chrome browser from sale. Treasury yields fell following a weaker-than-expected US jobs report, which bolstered hopes the Federal Reserve may cut interest rates soon to support the economy. Retailer Macy’s and Campbell’s posted strong earnings, boosting their stocks. Bitcoin company American Bitcoin soared 35.7% on its Nasdaq debut. Dollar Tree declined despite good results due to tariff concerns.

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