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☆ The 10 best cities to buy a home in 2023 are all in the South
▼ + stars: | 2023-01-22 | by ( Mike Winters | ) www.cnbc.com time to read: +5 min

The median price of homes in some of these markets isn't cheaper than the national median of $398,500. However, these cities scored high on other metrics such as job growth or housing supply. Here are the 10 best places to buy a home in 2023, according to NAR:1. However, this fast-growing market has strong migration gains and job growth that is nearly twice the national average. Just under 30% of renters can afford a typical home with a 10% down payment, which is almost twice the national average.

☆ J.B. Hunt Expects Freight-Demand Volatility to Ease This Year
▼ + stars: | 2023-01-20 | by ( Paul Page | ) www.wsj.com time to read: +3 min

Trucking and logistics giant J.B. Hunt Transport Services Inc. expects freight demand to regain traction in the coming months as the pandemic-driven upheaval in supply chains fades and companies return to more conventional ordering cycles. “We have had good signals from our customers about Q2 starting up back to a more normalized or having a more normal environment,” J.B. Hunt President Shelley Simpson said in an earnings conference call Wednesday. “Demand for intermodal capacity was seasonally weaker than normal, as peak season activity leading up to the holidays was absent this year,” Darren Field, president of intermodal at J.B. Hunt, said in the earnings call. He said volumes weakened sequentially during the fourth quarter, with volumes up 4% in October before falling 3% in November and 5% in December. The steepest revenue decline came in J.B. Hunt’s Integrated Capacity Solutions unit, which matches freight loads to trucks.

☆ This week's best performers include Tesla and this bank stock
▼ + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Financial stocks and some beaten-up technology stocks staged a rally this week even as the major averages headed for a week of losses. Financial stocks were a major bright spot in the market this week, with SVB Financial Group reigning as the top performer. About half of Wall Street analysts say shares are a buy, although the consensus price target suggests limited upside for shares near term. That included shares of Signature Bank and M & T Bank, which rose 4.8% and 4.5%, respectively, after posting earnings results. The average price target suggest shares stand to gain nearly 64% after they shed 65% in 2022.

Protests in major French cities, including Paris, Marseille, Toulouse, Nantes and Nice, brought transport services to a standstill. Eight of the biggest unions had called for a “first day of strikes and protests” against pension reforms unveiled by President Emmanuel Macron’s government. Train lines across France were seeing “severe disruption,” according to French rail authority SNCF. Macron’s proposed pension reforms come as workers in France, as elsewhere, are being squeezed by rising food and energy bills. The French government has said that raising the retirement age is necessary to tackle a pension funding deficit.

☆ J.B. Hunt Profit Slides on Slowing Freight Demand
▼ + stars: | 2023-01-18 | by ( Paul Page | ) www.wsj.com time to read: +2 min

Fourth-quarter profit at trucking and logistics giant J.B. Hunt Transport Services Inc. fell 17% and revenue growth fell short of expectations as slowing shipping demand cut into freight volumes. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. PREVIEW“Demand for intermodal capacity was seasonally weak in the fourth quarter, while rail velocity and performance made further progress,” the company said. The steepest revenue decline came in J.B. Hunt’s Integrated Capacity Solutions unit, which matches freight loads to trucks. Revenue at the freight brokerage operation fell 33% from the previous year’s fourth quarter on sharply lower volumes and the business reported a $2.9 million operating loss.

☆ Stocks making the biggest moves midday: Microsoft, Moderna, Mobileye, Chegg and more
▼ + stars: | 2023-01-18 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The company reported fourth-quarter results fell short of analysts' expectations on both top and bottom lines, according to StreetAccount. Chegg — Shares fell 15% after Needham downgraded Chegg to hold from buy, saying the online education company will have trouble reaching consensus for full-year revenue growth in Chegg Services, according to StreetAccount. Mobileye — Shares of the assisted driving company gained 8% after Deutsche Bank initiated coverage of the stock as a buy. Oatly Group — Shares of Oatly Group fell nearly 2%, losing steam after Mizuho upgraded the stock to buy from neutral. Hancock Whitney — Shares fell more than 4% after the bank reported earnings that came mostly in line with expectations, but net interest income came in below expectations, according to StreetAccount.

☆ Stocks making the biggest moves premarket: United Airlines, Moderna, IBM and more
▼ + stars: | 2023-01-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

United Airlines – Shares of United Airlines rose 3.5% after the company reported quarterly earnings that topped Wall Street's estimates for the fourth quarter, signaling strong demand amid higher prices. United posted adjusted earnings per share of $2.46 on $12.4 billion in revenue. Analysts expected adjusted earnings per share of $2.10 and $12.2 billion in revenue, per Refinitiv. Analysts surveyed by StreetAccount had anticipated adjusted earnings of $2.44 per share on revenues of $3.81 billion. PNC reported $3.49 in adjusted earnings per share on $3.68 billion of revenue.

☆ Stock futures fall as earnings season continues
▼ + stars: | 2023-01-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 3, 2022. Shares of Goldman Sachs tumbled —and dragged on the 30-stock index — after the bank posted an earnings miss. Those moves follow earnings results from big banks that suggested diverging paths ahead even for names within the same sector. It's no longer just about the Fed," Young added. Corporate earnings season will continue with earnings from J.B. Hunt Transport Services, Charles Schwab, PNC Financial Services Group and Discover on deck for Wednesday.

☆ United States, South Korea to partner on advanced air mobility development
▼ + stars: | 2023-01-07 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 7 (Reuters) - The U.S. Federal Aviation Administration (FAA) said on Saturday it had agreed to partner with the Korea Office of Civil Aviation (KOCA) future Advanced Air Mobility aircraft development and operations. The two nations signed a declaration to collaborate and share information on advanced air mobility projects and work together to promote the safety oversight of advanced air mobility projects, the U.S. regulator said. The FAA has previously announced similar partnerships with Japan, the United Kingdom, Canada, Australia and New Zealand in the National Aviation Authorities Network to harmonize certification and integration plans for advanced air mobility projects. Last month, the FAA issued the airworthiness criteria that Archer Aviation (ACHR.N) will need to meet for its M001 air taxi to be certified for use. The FAA released the criteria for public comment of Archer's eVTOL after it made a similar announcement in November for Joby Aviation's (JOBY.N) Model JAS4-1 eVTOL.

☆ UK strike law will make it harder for key workers to strike
▼ + stars: | 2023-01-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The UK government is planning to introduce a new law forcing workers in key public sectors such as ambulance services to maintain a basic level of service during strike action or risk dismissal. Workers who strike after they have been told to report to work by their employer and union could face dismissal. Critical care was exempt from the nurses’ strike, and unions pledged to cover life-threatening emergencies during recent walkouts by ambulance workers. The government said that it will impose minimum safety levels in these areas only if “voluntary agreements” cannot be reached. “Trade unions will fight this every step of the way,” the Trades Union Congress, which represents 48 UK unions, said on Twitter.

☆ Stocks making the biggest moves premarket: General Electric, Salesforce, Alibaba and more
▼ + stars: | 2023-01-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in premarket trading. Shares of GE were up about 2% in premarket trading. Microsoft — Microsoft shares dropped about 2% after UBS downgraded the tech giant to neutral from buy. Merck — Merck's stock rose about 1.7% after being upgraded to buy from neutral by Bank of America. Honeywell — Shares of Honeywell slipped 1.8% in the premarket after being double downgraded by UBS to sell from buy.

☆ Italy's Eni sets up sustainable transport services company
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

MILAN, Jan 2 (Reuters) - Italian energy group Eni (ENI.MI) said on Monday it had set up a new company dedicated to sustainable transport, which would develop bio-refining, biomethane and offer mobility products and services in Italy and abroad. Last year the Italian group successfully listed its Norwegian oil and gas spin-off Vaar Energy. Eni Sustainable Mobility is directly controlled by Eni, which holds 100% of its share capital, the group said. Eni Sustainable Mobility will be the second lever supporting the group's energy transition strategy together with Plenitude, Descalzi added. Stefano Ballista, former Sustainable Mobility Director at Eni Energy Evolution, is the CEO of Eni Sustainable Mobility.

☆ Alaska officer killed in muskox attack outside his house
▼ + stars: | 2022-12-14 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

JUNEAU, Alaska — A court services officer with the Alaska State Troopers died Tuesday after being attacked by a muskox outside his home near Nome, the agency said. Court services officers are law enforcement officers that provide prisoner transport services, courthouse security and court document service, troopers spokesperson Austin McDaniel said. He could not immediately say how many animals were part of the group that Worland was trying to keep away. The Alaska State Troopers, Alaska Wildlife Troopers and state Department of Fish and Game are investigating. Muskoxen are stocky, long-haired animals with slight shoulder humps and horns and can weigh up to 800 pounds, according to the fish and game department.

☆ France's CMA CGM to buy New York, New Jersey terminals from Canada's GCT
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

Dec 6 (Reuters) - CMA CGM, one of the world's largest container shipping lines, said on Tuesday that it has agreed to acquire two container terminals at the port of New York and New Jersey from Global Container Terminals (GCT), which will extend its presence in a crucial hub for trade. According to Bloomberg, which first reported the news, the deal could fetch around $3 billion. In a statement, CMA CGM said acquired ports in Staten Island, New York, and Bayonne, New Jersey, have a combined capacity of 2 million twenty-foot-equivalent units per year, and has a potential for further expansion, up to almost double capacity. Like its shipping rivals, CMA CGM has extended its presence along the logistics chain in port infrastructure and non-maritime transport services. Reporting by Kanjyik Ghosh and Akriti Sharma in Bengaluru; Editing by Christian Schmollinger and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Economic worries have made this holiday season particularly stressful for some. The holiday season can bring out the absolute worst in some kids. Some parents welcome that break from structure, and that’s OK. “Parents get to decide what works and what doesn’t work with their family,” Dr. Naumburg said. “Gratitude and savoring are the opposite.”Dr. Kurtz recommended starting a simple gratitude practice early in the holiday season. As the holidays unfold, make an effort to savor the season, Dr. Kurtz said.

☆ Logistics Companies Are Diversifying Hiring, but Challenges Persist
▼ + stars: | 2022-11-28 | by ( Liz Young | ) www.wsj.com time to read: +8 min

Photo: Sarah Oden/Associated PressWomen and people of color are being hired into top roles in the logistics industry. United Parcel Service Inc. turned to Carol Tomé, a former finance chief at Home Depot Inc., in 2020 to become chief executive officer. Raj Subramaniam, who is from India, was chosen to succeed FedEx Corp. founder Fred Smith as chief executive earlier this year. Judy McReynolds has been chief executive of ArcBest Corp. , one of the largest trucking companies in the U.S., since 2010. Studies also show there is a big gap in pay across the logistics industry.

☆ The Logistics and Supply-Chain Slowdown Has Begun. Here’s How to Take Advantage.
▼ + stars: | 2022-11-27 | by ( Paul Page | C.H. Robinson Worldwide Ceo Bob Biesterfeld | ) www.wsj.com time to read: +6 min

After the pandemic-driven surge in consumer demand that triggered a frenzy of shipping activity and skyrocketing prices, logistics and transportation companies are signaling a fast slowdown. The weekly Shanghai Containerized Freight Index, which measures shipping prices out of China, recently dropped to $1,443.29, about one-third the level it hit in early June. The jaw-dropping declines also measure the spot market prices. Most freight business moves on contract rates, and those long-term prices haven’t fallen nearly as fast as the spot market. Here are some tips for logistics and supply-chain managers to take advantage of a changing market.

☆ Shanghai hit by Covid protests as anger spreads across China
▼ + stars: | 2022-11-27 | by ( ) www.cnbc.com time to read: +2 min

The fire on Thursday that killed 10 people in a high-rise building in Urumqi, capital of the Xinjiang region, has sparked widespread public anger. Later on, they shouted, "lift lockdown for Urumqi, lift lockdown for Xinjiang, lift lockdown for all of China! At another point a large group began shouting, "Down with the Chinese Communist Party, down with Xi Jinping", according to witnesses and videos, in a rare public protest against the country's leadership. China is adhering to its zero-COVID policy even while much of the world tries to coexist with the coronavirus. On Sunday, Xinjiang officials said public transport services will gradually resume from Monday in Urumqi.

☆ U.S. proposes rules to advance flying taxi operations
▼ + stars: | 2022-11-21 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Nov 21 (Reuters) - The U.S. Federal Aviation Administration (FAA) on Monday proposed new rules that would help pave the way for commercial air taxi operations by around the middle of the decade. Electric vertical takeoff and landing aircraft (eVTOL) have been touted as flying taxis that could be the future of urban air mobility. The FAA issued a proposal to update its air carrier definition to add "powered-lift" operations to regulations covering other commercial operations like airlines, charters and air tours. The FAA is separately developing a powered-lift operations rule for certifying pilots and operating requirements to fly eVTOLs. The FAA expects to issue an implementation plan next May that will help it meet the industry's ambitious growth plans, he added.

Here are the known and unknowns so far:WHO'S IN THE PRICE CAP COALITION? Britain said Thursday it could ban countries from using its services to transport Russian oil purchased for a price exceeding the cap. WHAT WILL THE PRICE CAP LEVEL BE? Moscow could end up cutting production as a result, which would apply upward pressure on global oil prices. Worries about potential sanctions, even if unfounded, can cause traders to avoid deals, another factor that can boost oil prices.

☆ Qantas 'disappointed' at regulator delaying Alliance Aviation deal verdict
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +2 min

Oct 28 (Reuters) - Australia's Qantas Airways Ltd (QAN.AX) on Friday "expressed disappointment" at the country's competition regulator delaying its decision on the carrier's $394 million buy of Alliance Aviation Services (AQZ.AX). In May, Qantas said it was buying the remaining 80% stake in charter flights operator Alliance Aviation Services for A$610.8 million ($394.03 million). read moreAlliance Aviation's charter alliance agreement with Virgin Australia also hangs in the balance, with the ACCC proposing to deny approval for the firms to extend their agreement. If Qantas succeeds in buying Alliance Aviation, the charter alliance deal extension is even less likely to go through. Alliance Aviation's shares last traded at A$3.23, a 32% discount to Qantas' offer price of A$4.75.

☆ United States, Japan agree to partner on advanced air mobility
▼ + stars: | 2022-10-18 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Slideshow ( 3 images )WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) and the Japan Civil Aviation Bureau (JCAB) agreed to partner on advanced air mobility certification and operations, the U.S. regulator said Tuesday. The announcement comes as companies around the world are racing to develop and eventually win regulatory approval to deploy air taxis known electric vertical takeoff and landing aircraft (eVTOL). The low-altitude eVTOL urban air mobility aircraft has drawn a huge amount of interest around the world as numerous eVTOL companies have gone public. Last week, Delta Air Lines said it invested $60 million in air taxi startup Joby Aviation for a 2% equity stake, in a partnership that initially plans to offer passengers air taxi transport to and from airports in New York and Los Angeles. It hopes to receive approval to begin commercial flights in 2024.

☆ J.B. Hunt Expects Weaker Freight Volumes This Holiday Season
▼ + stars: | 2022-10-18 | by ( Liz Young | Kathryn Hardison | ) www.wsj.com time to read: +3 min

Freight bellwether J.B. Hunt Transport Services Inc. said it is planning for a damped holiday shipping season, as cargo volumes fall ahead of what is typically the busiest period of the year for logistics operators. PREVIEWDarren Field, president of intermodal at J.B. Hunt, said on an earnings call Tuesday that peak season volumes aren’t where the company had anticipated they would be. J.B. Hunt executives said the company is seeing some of that in its freight-brokerage business, where volumes have been softening. Revenue in its brokerage business was down 11% in the third quarter year-over-year and volume was down 8%. Mr. Field said he attributed the September drop-off to the threat of a national rail strike that month.

☆ Freight Operators’ Peak Shipping Season Is Crumbling
▼ + stars: | 2022-10-18 | by ( Paul Berger | Paul Page | ) www.wsj.com time to read: +7 min

The peak shipping season is fizzling as overstocked retailers cancel overseas orders and freight companies scale back expectations for heavy freight volumes heading into the holidays. Many retailers pulled peak season orders in early this year to avoid a repeat of 2021 when supply-chain congestion caused delays and product shortages during the holidays. Container shipping rates that hit record highs last year have also pulled back sharply, although they still remain above 2019 levels. The peak shipping season cascades down into package transport, as United Parcel Service Inc., FedEx Corp. and others typically handle growing volumes as the calendar counts down to Christmas. Citi analysts say they expect a “weaker peak season and a large amount of uncertainty in terms of the magnitude of demand.”—Esther Fung and Liz Young contributed to this article.

☆ Freight Operators’ Peak Shipping Season is Crumbling
▼ + stars: | 2022-10-18 | by ( Paul Berger | Paul Page | ) www.wsj.com time to read: +6 min

The peak shipping season is fizzling as overstocked retailers cancel overseas orders and freight companies scale back expectations for heavy freight volumes heading into the holidays. But a range of measures of shipping demand across the U.S. are sliding, freight rates are falling as a result, leading carriers to pull back capacity amid concerns a deeper downturn is coming. Many retailers pulled peak season orders in early this year to avoid a repeat of 2021 when supply-chain congestion caused delays and product shortages during the holidays. Container shipping rates that hit record highs last year have also pulled back sharply, although they still remain above 2019 levels. The peak shipping season cascades down into package transport, as United Parcel Service Inc., FedEx Corp. and others typically handle growing volumes as the calendar counts down to Christmas.

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