Trump's Radical Plans for the Dollar

The Fed just slashed rates... yet mortgages have already soared higher. Meanwhile, Trump has his own plan for the dollar - a radical upgrade to our currency, already moving more money than Visa and Mastercard combined. Tech investor Eric Wade calls it the "Smart Dollar."

Amtrak CEO abruptly resigns from the nation's passenger railroad

WYATTE GRANTHAM-PHILIPS
March 20, 2025

NEW YORK (AP) -- Amtrak CEO Stephen Gardner abruptly resigned from his top post at the U.S. passenger railroad this week.

Wednesday's announcement signaled that the leadership change came down to Amtrak maintaining support from U.S. President Donald Trump. In a statement, Gardner said he was stepping down "to ensure that Amtrak continues to enjoy the full faith and confidence this administration."

A successor for Gardner was not immediately named.

Gardner's departure also arrives just weeks after billionaire Elon Musk floated the idea of privatizing Amtrak, as well as the U.S. Postal Service, at a Morgan Stanley tech conference earlier this month.

Musk, who has been at the forefront of the Trump administration's aggressive push to downsize the federal government through the Department of Government Efficiency, reportedly called Amtrak "kind of embarrassing" -- while comparing the U.S. carrier to passenger rails seen in other countries, such as bullet trains in China.

When reached for comment on Thursday, the Transportation Department did not provide further details specific to Gardner's resignation. A statement from Transportation Secretary Sean Duffy took aim at Amtrak's Washington D.C. operations -- calling on Amtrak's leadership to "clean up Union Station" and "rid of our nation's treasures of homelessness and crime."

Citing unnamed sources familiar with the matter, Reuters reported Wednesday that Gardner was asked to step down at the request of Trump, who previously sought to cut Amtrak's budget in his first term.

When reached Thursday, Amtrak declined to comment on whether Gardner was asked to resign. But in Wednesday's announcement, the Amtrak board stated that it looked forward to "working with President Trump and Secretary Duffy as we build the world-class passenger rail system this country deserves."

Gardner first got his start with Amtrak as an intern back in the 90s. He later returned and worked at the rail service for the past 16 years, holding the title of CEO since January 2022.

Amtrak struggled during the height of the COVID-19 pandemic -- with the railroad seeing plummeting ridership as people across the country stopped traveling and stayed home. But passenger numbers have recently rebounded to pre-pandemic levels.

For the 2024 fiscal year, Amtrak reported an all-time ridership record of 32.8 million customer trips. That's up 15% from 2023 -- and surpasses Amtrak's previous record of 32.4 million passengers in 2019.

Ticket revenue for the 2024 fiscal year totaled $2.5 billion, a 9% jump from 2023. And Amtrak posted an adjusted operated loss of $705.2 million, also a 9% improvement year-over-year.

Continue Reading...

Popular

Dave Ramsey Doesn't Mess Around With Bitcoin Or Gold, Says 'I Have Three Investments' — Here's What They Are

Personal finance expert Dave Ramsey has long dismissed crypto, gold and single-stock investing, calling them risky distractions — but new research shows that his disciplined mutual fund approach may have cost him market-beating returns.

Tim Cook To Depart, Steve Jobs' Lesson For Guy Kawasaki And More: This Week In Appleverse

From executive shake-ups at Apple to TSMC's revenue surge and Goldman's take on the AI boom, here are the top Apple stories.

Central Banks Demand More Gold - This $1 Firm Could Supply It - Ad

This tiny company is currently sitting on one of America's largest deposits of gold... land that was hidden away from the public for over 60 years. With Central Banks demanding gold to combat inflation - miners like this one show huge potential for investors

Mark Cuban Shares His Top Strategies for Protecting Wealth After Hitting Millionaire Status

Mark Cuban once disclosed his strategies for preserving wealth after becoming a millionaire. These insights could be beneficial for anyone aiming to secure their financial future.

Could $1 Stock Be Sitting on a Billion-Dollar Discovery? - Ad

This $1 stock has already made its mark with a listing on the prestigious NYSE. Now, it's sitting on prime land in one of America's richest gold districts, with the potential for a billion-dollar discovery. For savvy investors, this may be a $1 "Golden Ticket" to massive returns.

Nvidia's Value Reaches $4.6 Trillion, Bitcoin Eyes $120,000: What's Moving Markets Thursday?

On the second day of the U.S. government shutdown, Wall Street remains largely subdued, with indexes showing only slight midday declines after touching fresh record highs at the open.

Ken Griffin Slams Trump's 'Anti-American' And 'Nauseating' Tariff Policy: 'There's Only One Way This Game Ends'

Ken Griffin, a former supporter of President Donald Trump has publicly criticized the President’s tariff policy, calling it “anti-American.”

October 16: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on October 16. Investors who make the right moves before then could make up to 40X by 2032...

MP Materials Tops List For Rare Earth Exposure, Says Analyst

Rare earth stocks are gaining attention as demand for magnets in EVs, robotics, and advanced air mobility is set to double by 2035.

A hungrier, poorer and more anxious Iran awaits 'snapback' of UN sanctions over its nuclear program

DUBAI, United Arab Emirates (AP) — As Iran's ailing economy braced Saturday for over its nuclear program, it is ordinary people who increasingly find themselves priced out of the food they need to survive and worried about their futures.

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

Macron says a tanker off France is linked to Russia's shadow oil fleet

PARIS (AP) — French President Emmanuel Macron said Wednesday that an oil tanker off the French coast had committed “very serious wrongdoings” and linked it to , which is avoiding Western sanctions over Moscow's war in Ukraine.

Ondas Holdings Stock Is Hitting New 52-Week Highs Today: Here's Why

Shares of Ondas Holdings Inc. (NASDAQ: ONDS) are soaring Thursday after the autonomous drone infrastructure company said it placed a significant purchase order.

[Revealed] Trump's Next AI Executive Orders? - Ad

A White House insider with direct ties to Trump's inner circle just revealed what he calls "Manhattan II" - a potential $2.2 trillion AI initiative set to launch as soon as Oct 15. He says this could mirror past U.S. projects that minted fortunes - with small firms soaring 5,000% to 10,000% over two decades. And now he's giving away his #1 stock pick for free before the deadline.

OpenAI's $850 Billion Build-Out Needs Power Of 17 Nuclear Plants — Or 9 Hoover Dams

OpenAI has plans for an enormous $850 billion expansion, constructing data centers that will require as much energy as 17 nuclear facilities to fulfill the explosive demand for AI tools. 

Tempus AI Executive Ryan Fukushima Sells $460,000 Worth Of Stock

Tempus AI stock nudged higher after hours following insider sales by COO Ryan Fukushima's spouse under a pre-arranged trading plan.

Nvidia CEO Makes First Ever Tesla Announcement - Ad

While Tesla's car sales slump, Nvidia's CEO says Tesla could lead a multi-trillion-dollar AI revolution. He's backing what's being called "Manifested AI" - a 25,000% growth market. And one tiny stock, 168x smaller than Nvidia, could be your way in before the world catches on.

Asian shares trade mostly higher after Wall Street snaps its 3-day losing streak

Shares were mostly higher Monday in Asia after Wall Street broke its three-day losing streak, trimming its losses for last week.

Prescription drug coverage options are shrinking for Medicare shoppers

Fewer choices may be on the menu again as Medicare patients shop for prescription coverage this fall.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

MrBeast Went From Hiring Comedians And Laptop Salesmen From Best Buy To Building A 400-Person YouTube Empire: 'I Wish I Had A Mentor'

MrBeast revealed that his $2.6 billion YouTube empire began with chaotic early days, when he hired comedians and Best Buy employees as his first team before growing into a 400-person global operation.

Johnson & Johnson In Talks To Acquire Protagonist Therapeutics: Report

Johnson & Johnson is in talks to buy Protagonist Therapeutics in a deal that could expand its immunology and cancer drug portfolio.

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

NIO Stock Soars Past 52-Week High After Record Deliveries

NIO stock rises on strong September and Q3 deliveries, reaching record numbers and surpassing 52-week high.

$1000 Invested In Federal Signal 10 Years Ago Would Be Worth This Much Today

Federal Signal (NYSE: FSS) has outperformed the market over the past 10 years by 11.38% on an annualized basis producing an average annual return of 24.51%. Currently, Federal Signal has a market capitalization of $7.47 billion.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Here's How Much You Would Have Made Owning Autodesk Stock In The Last 20 Years

Autodesk (NASDAQ: ADSK) has outperformed the market over the past 20 years by 1.32% on an annualized basis producing an average annual return of 10.18%. Currently, Autodesk has a market capitalization of $69.08 billion.

Why This Hedge Fund Manager Thinks Companies Delay Going Public

One hedge funder's view that firms might stay private longer than they once did points to major changes in both private and public markets

Trump's Radical Plans for the Dollar - Ad

The Fed just slashed rates... yet mortgages have already soared higher. Meanwhile, Trump has his own plan for the dollar - a radical upgrade to our currency, already moving more money than Visa and Mastercard combined. Tech investor Eric Wade calls it the "Smart Dollar."

Bitcoin Steady On $1 Billion ETF Inflows As XRP Dips Below $3 While Ethereum, Dogecoin Rise

Most cryptocurrencies are trading sideways on Tuesday morning, as the crypto Fear & Greed Index enters the Greed zone at 62.

Regeneron's Gene Therapy Shows Significant Gains In Genetic Hearing Loss

Regeneron gene therapy for OTOF-related hearing loss shows rapid, sustained improvements, including normal hearing in some participants.

Central Banks Demand More Gold - This $1 Firm Could Supply It - Ad

This tiny company is currently sitting on one of America's largest deposits of gold... land that was hidden away from the public for over 60 years. With Central Banks demanding gold to combat inflation - miners like this one show huge potential for investors

Chevron To Kick Off Korikori-1 Drilling Offshore Suriname

Chevron Suriname to begin Korikori-1 well drilling this month in Block 5, with a goal to assess offshore reserves in Suriname-Guyana Basin.

Mining Earnings Could Drop 25 Percent From Nature-Related Risks, Report

With commodities like gold and silver becoming the leading performers year-to-date, financial markets have caught a precious metal bug again. Yet, the latest research shows that nature-related risks could undermine the sector’s earnings by as much as 25%.

Could $1 Stock Be Sitting on a Billion-Dollar Discovery? - Ad

This $1 stock has already made its mark with a listing on the prestigious NYSE. Now, it's sitting on prime land in one of America's richest gold districts, with the potential for a billion-dollar discovery. For savvy investors, this may be a $1 "Golden Ticket" to massive returns.

Chinese premier says US and his country need to 'work in the same direction'

NEW YORK (AP) — Chinese told a group of American business executives Thursday that the U.S. and his country need “to work in the same direction” to further what he called “the most important bilateral partnership in the world.”

Nanobiotix-J&J Therapy Shows Promise In Tough Head And Neck Cancer

Nanobiotix reported updated Phase 1 trial data for JNJ-1900 in head and neck cancer, showing strong disease control and survival outcomes.

October 16: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on October 16. Investors who make the right moves before then could make up to 40X by 2032...

Mysterious drone flights in NATO airspace have caused alarm across Europe. Here's what we know

BERLIN (AP) — Mysterious drone flights over the airspace of European Union member countries in recent weeks have alarmed the public and elected officials.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service