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☆ Bank of America's top stock ideas for the 4th quarter
▼ + stars: | 2023-10-02 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Here's what stocks Bank of America is watching for the quarter ahead. Here's what stocks Bank of America is watching for the quarter ahead. Stock Chart Icon Stock chart icon Boeing stock. Stock Chart Icon Stock chart icon CSX Corp stock. Stock Chart Icon Stock chart icon Kraft Heinz stock has declined more than 17% so far in 2023.

Persons: Ronald Epstein, Dave Calhoun, Joseph Hinrichs, Ken Hoexter, Kraft Heinz, Carlos Abrams, Rivera, Bryan Spillane, — CNBC's Michael Bloom, Eduardo Munoz Organizations: of America, Nasdaq, Dow Jones, Bank of America, BofA Securities, Aerospace, Boeing, CSX, Bank of America's, CSX Corp, 3Q, North, Kraft, View, Getty Images Bank of America, Bank of, Bank of America Securities Aerospace behemoth Boeing Locations: U.S, New York

☆ These are the 3 key things that will impact the stock market in the week ahead
▼ + stars: | 2023-07-15 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

A lot was riding on these important measures of inflation after the scorching-hot ADP jobs report last week. Here are 3 things you need to know for the week ahead: 1. Industrial production and capacity utilization, also out Tuesday, shines a light on manufacturing, which attributes about 12% to U.S. GDP. Six months is generally considered to represent a balance between supply and demand in the housing market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Morgan Stanley, Johnson, Jeff Miller, Lockheed Martin, Charles Schwab, JB Hunt, Goldman, Baker Hughes, Ally, Kinder Morgan, Zions, Philip Morris, Abbott, ABT, Jim Cramer's, Jim Cramer, Jim, Scott Olson Organizations: Nasdaq, Dow Jones Industrial, Housing, CPI, Halliburton, HAL, Johnson, of America Corp, Lockheed, Lockheed Martin Corp, Novartis International AG, PNC Financial Services Group, Inc, PNC, Charles Schwab Corp, Bank of New York Mellon Corporation, BK, Synchrony, Interactive, Goldman Sachs Group, U.S . Bancorp, ASML, Citizens Financial, T Bank Corp, Northern Trust Corporation, Horizon National Corp, Business Machines Corp, IBM, United Airlines, Netflix, Steel Dynamics, Alcoa, Discover Financial Services, Crown, International Corp, Equifax Inc, Las Vegas Sands Corp, Liberty Energy Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Company, American Airlines Group Inc, Travelers Companies, SAP, Nokia Corp, Truist Financial Corporation, Company, McLennan Companies, Infosys Technologies Ltd, Newmont Mining Corp, Fifth Third Bancorp, Pool Corporation, Alfa Laval, Webster Financial Corp, Blackstone, Financial Corp, PPG Industries, CSX Corp, CSX, Berkley Corp, Swift Transportation Holdings Inc, American Express Co, AutoNation Inc, Interpublic, of Companies, Autoliv Inc, Huntington Bancshares, Financial Corporation, Roper Technologies, Comerica, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Las, ZION, Horton, Freeport, Marsh, ALFVY, W.R, Lemont , Illinois

CHICAGO, May 17 (Reuters) - The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing and squeezed supplies of everything from toilet paper to pasta, but more than three years later, material shortages and hiring woes linger. Speakers from Walmart (WMT.N), Colgate-Palmolive (CL.N), Toyota (7203.T) and other companies will discuss their supply-chain strategies at the Reuters Events supply chain conference in Chicago on Wednesday and Thursday, as inflation and interest rate hikes threaten to tip the economy into recession. "Freight costs, logistics, have gone down significantly," said Mario Guerendo, who oversees global supply chain for vehicle engine maker Cummins Inc (CMI.N). After spending whatever it took to keep store shelves stocked during the early days of the pandemic, supply chain executives now are wringing out costs to shelter profits from eroding demand, said Alan Amling, distinguished fellow at the University of Tennessee's Global Supply Chain Institute. "That's a really good thing for the supply chain."

☆ Lightning Round: Stem hasn't been able to execute its game plan
▼ + stars: | 2023-05-09 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Stem hasn't been able to execute its game plan'Mad Money' host Jim Cramer weighs in on stocks including: Nextera Energy Partners, CSX Corp., Stem Inc., Polaris Inc., Fortinet Inc., Perion Network, and SoFi.

☆ Stocks making the biggest moves premarket: Procter & Gamble, CSX, PPG Industries and more
▼ + stars: | 2023-04-21 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

In this photo illustration a Procter and Gamble logo seen displayed on a smartphone with stock market percentages in the background. Procter & Gamble also boosted its forecast for organic sales growth for fiscal 2023 to 6% from its earlier forecast of 4% to 5%. PPG Industries – Shares rose 0.8% in the premarket after PPG Industries posted better-than-expected second-quarter guidance. ContextLogic – ContextLogic shares advanced 16% in premarket trading after the online e-commerce platform announced a $50 million share repurchase program. The firm reported adjusted earnings of 63 cents per share on revenue of $7.74 billion.

☆ How a Railroad Outsider Aims to Improve Service
▼ + stars: | 2023-04-15 | by ( Esther Fung | Photographs Agnes Lopez For The Wall Street Journal | ) www.wsj.com time to read: 1 min

After taking the post of CSX Corp. chief executive in September, Joe Hinrichs went on a listening tour. As tensions festered during rancorous labor-contract talks, Mr. Hinrichs said he needed to talk to employees to build better relationships. He also heard what they thought about precision-scheduled railroading, the management strategy designed to improve railroad service and control costs by keeping trains to preset schedules.

☆ CSX Boss Says Railroads’ Efficiency Model Wasn’t Implemented Properly
▼ + stars: | 2023-04-15 | by ( Esther Fung | Photographs Agnes Lopez For The Wall Street Journal | ) www.wsj.com time to read: 1 min

☆ Norfolk Southern and Other Freight Railroads Agree to Join Federal Close-Call Reporting System
▼ + stars: | 2023-03-03 | by ( Esther Fung | ) www.wsj.com time to read: 1 min

The East Palestine, Ohio, train derailment has led to more scrutiny of railroad safety practices. Norfolk Southern Corp. and its rivals said Thursday they have agreed to join a federal system that lets employees confidentially report close calls, a program the biggest freight railroads had refused to join for years. Transportation Secretary Pete Buttigieg on Monday had asked the chief executives of the seven so-called Class 1 railroads— Union Pacific Corp., Norfolk Southern, BNSF Railway, CSX Corp., Canadian Pacific Railway Ltd., Canadian National Railway Co. and Kansas City Southern—to join the Federal Railroad Administration’s close-call reporting system.

☆ Union Pacific Shares Jump on Hopes for New CEO
▼ + stars: | 2023-02-27 | by ( Esther Fung | Dean Seal | ) www.wsj.com time to read: 1 min

Union Pacific’s total shareholder return, which includes dividends, has lagged behind its publicly traded rivals. Union Pacific Corp. shares surged after the railroad said it would replace its chief executive and investors cheered the possibility that a disciple of the late Hunter Harrison could take over the company. Jim Vena , who worked with Mr. Harrison for years, is a proponent of precision scheduling railroading. The strategy, which Mr. Harrison deployed in Canada and at CSX Corp., reduces costs by operating fewer, longer trains and running them on tighter schedules. It has also sparked criticism from unions about job losses and shippers about service disruptions.

☆ Keith Meister's Corvex Management bets on media companies, cuts big tech and biotech holdings
▼ + stars: | 2023-02-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Corvex Management increased its stakes in media-related companies while slashing technology and biotech investments, according to its latest quarterly 13F filing with the SEC. Crown Holdings was Meister's second-largest acquisition in the fourth quarter, when Corvex bought $74 million of shares. In November, billionaire Carl Icahn disclosed an 8.5% stake in the packaging company once known as Crown Cork & Seal. Corvex in the fourth quarter increased its position in Fomento Economico Mexicano , a Mexican multi-national retail and beverage company, by 9.5%, bringing the holding to almost $200 million. Corvex exited its positions in Amazon , JP Morgan Chase & Co . and Uber in the fourth quarter.

☆ Senate Votes 80-15 to Pass Measure Blocking Nationwide Railroad Strike
▼ + stars: | 2022-12-01 | by ( Katy Stech Ferek | ) www.wsj.com time to read: 1 min

WASHINGTON—Senate lawmakers passed a bill Thursday to prevent a nationwide strike by railroad workers after rejecting a proposal to give them expanded paid sick leave. In a 80-15 vote, with one voting present, lawmakers agreed to force unions to adopt an earlier labor agreement, exceeding the 60-vote threshold for the measure to pass. The move is expected to end the long-running labor dispute between Union Pacific Corp., CSX Corp. and other freight railroads and more than 115,000 workers.

Pelosi said the House would vote separately on Wednesday on a proposal to give seven days of paid sick leave to railroad employees. There are no paid sick days under the tentative deal after unions asked for 15 and railroads settled on one personal day. "Guaranteeing 7 paid sick days to rail workers would cost the rail industry a grand total of $321 million a year – less than 2% of its profits," Sanders said. The railroads oppose giving their workers paid sick time because they would have to hire more staff. "I can’t in good conscience vote for a bill that doesn’t give rail workers the paid leave they deserve," Representative Jamaal Bowman, a Democrat, said on Twitter.

WASHINGTON/LOS ANGELES, Nov 29 (Reuters) - The U.S. House of Representatives plans to vote Wednesday to block a potential a U.S. rail strike after President Joe Biden warned of the dire economic consequences of a rail disruption that could happen as early as Dec. 9. U.S. House Speaker Nancy Pelosi said lawmakers will vote Wednesday to impose a tentative contract deal struck in September. At a White House meeting Tuesday with congressional leaders, the Democratic president was asked if he was confident he could avert a rail strike, and responded, "I am confident." Labor unions have criticized the railroads’ sick leave and attendance policies and the lack of paid sick days for short-term illness. There are no paid sick days under the tentative deal.

☆ Norfolk Southern Operating Chief Cindy Sanborn to Resign
▼ + stars: | 2022-11-14 | by ( Colin Kellaher | ) www.wsj.com time to read: +2 min

Cindy Sanborn, the first woman to serve as chief operating officer of a major U.S. freight railroad, will step down from her post at Norfolk Southern Corp. , effective Jan. 1. The Atlanta-based railroad said Monday that Paul Duncan, currently senior vice president of transportation and network operations, would succeed Ms. Sanborn as chief operating officer. Ms. Sanborn joined Norfolk Southern in September 2020 from rival Union Pacific Corp.Ms. Sanborn’s impact goes “well beyond Norfolk Southern. Mr. Duncan, 42 years old, joined Norfolk Southern in March as vice president of network planning and operations and was promoted to his current post in September. He held executive positions at BNSF Railway before joining Norfolk Southern.

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