After the bell: the railway strike looms; Ford prepares to sell electric vehicles – WISH-TV | Indianapolis News | Indiana Weather forecast

INDIANAPOLIS (WISH) — The first nationwide freight railroad strike in 30 years could go into effect Friday at midnight.

Union members on Wednesday rejected a tentative agreement with America’s largest freight railroads, while two ratified deals and three others remained at the bargaining table days before a strike deadline, threatening to rumblings in the country’s supply chain that have contributed to higher prices.

Amtrak has canceled all long-distance passenger trains scheduled for Thursday.

Moreover, it is already having an impact on commuters.

A strike would also impact the U.S. economy, crippling the country’s struggling supply chain, pushing daily prices even higher. According to some estimates, this would cost the economy $2 billion a day.

Ford’s e-boost

Ford is asking its 3,000 dealerships to invest up to $1 million in upgrades to sell all-electric vehicles. It’s part of a decision by the company to compete directly with Tesla.

Ford’s CEO said he wants Ford dealerships to become the most valuable franchise in the industry.

Mortgage rates hit 6%

Mortgage rates have just reached 6% for the first time since 2008. Many buyers are pushing the “pause”. In fact, mortgage applications just fell to their lowest level in 23 years.

Expect these rates to continue to climb, as the Federal Reserve will likely raise rates again next week.

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