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☆ Stocks making the biggest moves after hours: Snowflake, GameStop, Deere and more
▼ + stars: | 2024-09-23 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Snowflake — Shares of the data cloud company fell 3% after Snowflake announced a proposed private placement of $2 billion of convertible senior notes . In the first fiscal quarter, AAR reported adjusted earnings of 85 cents per share, up 9% from the year-ago period. Revenue came in at $661.7 million , up 20% from the prior year. GameStop — Shares advanced nearly 1% after the company completed its " at-the-market" equity offering program of 20 million shares for aggregate gross proceeds of around $400 million. GameStop had previously disclosed the ATM program earlier this month.

Persons: Snowflake, Donald Trump, —, Nick Wells Organizations: AAR, Revenue, GameStop, Deere Locations: Mexico

☆ Airlines may be struggling but global travel is in an uptrend. These companies are set to benefit
▼ + stars: | 2024-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Global Jets ETF , whose largest holdings are Southwest Airlines , United Airlines , American Airlines and Delta Air , is off 7.5% just since the end of June. GE Aerospace GE Aerospace is a pure play on the rise of global air travel, according to John Belton, portfolio manager at Gabelli Funds. Just about all 18 analysts polled by LSEG consider GE Aerospace a buy, with five rating it a strong buy. Central to the investment thesis for GE Aerospace is its market leadership. "The air travel industry is a growth industry," Galluccio said.

Persons: Richard Branson, John Belton, Belton, Nicholas Galluccio, Galluccio, Morningstar, that's, Tony Bancroft, Bancroft, there's, wanderlust Organizations: Virgin Group, U.S . Global Jets ETF, Southwest Airlines, United Airlines, American Airlines, Delta Air, Transportation, Boeing, Airbus, Gabelli, International Air Transport Association, AAR Corp, Teton Advisors, Westwood, Equity, GE Aerospace GE Aerospace, Gabelli Funds, New York Stock Exchange, General Electric, GE Aerospace, LSEG, GE, Airlines, Morningstar, Growth, Max, Federal Aviation Administration, Aerospace & Defense ETF, Heico Corporation, Triumph, TransDigm Locations: U.S, Eastern Europe

☆ Here are 5 key things we're watching closely in the stock market this week
▼ + stars: | 2024-07-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Three of our Club rate plays — solar panel company Nextracker , Stanley Black & Decker , and Ford — were our top-performing stocks for the week. Friday also ushered in the start of the second quarter earnings season. Earnings Club name Morgan Stanley reports second-quarter earnings before Tuesday's opening bell. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Nextracker, Stanley Black, Decker, Ford —, Wells Fargo, Morgan Stanley, Abbott, Goldman Sachs, Charles Schwab, JB Hunt, Johnson, Ally, Kinder Morgan, Horton, Huntington, Jim Cramer's, Jim Cramer, Jim, Ted Pick, Adam Galici Organizations: Dow Jones, Nasdaq, Big Tech, PPI, Abbott Laboratories, Libre Rio, Bank of America, PNC Financial, PNC, Pinnacle Financial, Housing, U.S . Bancorp, Northern Trust Corporation, Citizens, United Airlines, Alcoa, Steel Dynamics, Green Realty, Taiwan Semiconductor, Nokia, Infosys Technologies, McLennan Companies, T Bank Corp, Forestar, Novartis, Textron, Netflix, PPG Industries, AAR, American Express, Fifth Third Bancorp, Halliburton, HAL, Comerica, CMA, Financial, Jim Cramer's Charitable, CNBC Locations: Wells, BlackRock, BLK, U.S, Marsh, Davos, Switzerland

☆ Here are 5 sectors of the market that are working and the stocks that stand out in each
▼ + stars: | 2024-04-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

Federal Reserve Chairman Jerome Powell met with the press after the March Federal Open Market Committee (FOMC) meeting, which was pretty fraught. Data centers If there is the whiff of a data center or anything in one, the stock goes higher. It's why Meta stock is a buy a tad lower as stocks tend to revisit those kinds of declines. I worry about Club stock Stanley Black & Decker for this reason, but the dividend will keep it propped up for now. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: what's, Jerome Powell, Powell, Powell isn't, Voltaire, Vertiv, Eaton, Meta, It's, jetsam, Darius Adamczyk, Vimal, Stanley Black, Decker, Azek, Morgan Stanley, Wells, Charlie Scharf, Wells Fargo, Chipotle, that's, Johnson, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Federal, Market, Broadcom, Google, Microsoft, Nvidia, Travel American Express, Raytheon, GE Aerospace, Royal, AAR, Honeywell, Southwest Airlines, Housing, Stanley, JPMorgan, Procter, Gamble, Colgate, Merck, Bristol, Myers, PepsiCo, Energy, Coterra Energy, Diamondback, drillers, CNBC Locations: California, Royal Caribbean, Delta, Devon

☆ There's no other company in aviation like ours, says AAR CEO John Holmes
▼ + stars: | 2024-04-19 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

There's no other company in aviation like ours, says AAR CEO John HolmesAAR Chair, President and CEO John Holmes joins 'Mad Money' host Jim Cramer to talk growth in new parts distribution, its acquisition of Triumph Group's support business and more.

Persons: John Holmes, Jim Cramer Organizations: Triumph

☆ Hawaii wildfires 2023: New report details problems and heroism from Maui’s disastrous infernos
▼ + stars: | 2024-04-17 | by ( Holly Yan | ) edition.cnn.com time to read: +7 min

Among them: Chief officers and some Maui Fire Department staff used “WhatsApp” for situational awareness updates, but not everyone in the department used the app. Despite this, the collective actions by MFD and law enforcement saved many lives and property across the island,” the report says. “Battalion Chiefs initiated upstaffing for some resources on the morning of August 8” – the day the four major wildfires ignited. “MFD requested law enforcement to facilitate evacuations over the radio. “That is still under investigation with the Bureau of Alcohol, Tobacco, Firearms and Explosives,” Maui Fire Department Chief Brad Ventura said Tuesday.

Persons: ” “, “, ”, Anne Lopez, –, upstaffing, Brad Ventura, ” Ventura, Ventura Organizations: CNN, Maui Fire Department, National Weather Service, Western Fire Chiefs Association, Staff, Hawaii’s, Fire Safety Research Institute, BCs, State, “ Battalion Chiefs, ICS, Incident Command, Hawaiian Electric Company, Alcohol, Tobacco, Firearms, Explosives Locations: Maui, “, Lahaina

☆ New freight crew rule tests rail industry's clout, one year after East Palestine disaster
▼ + stars: | 2024-04-02 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +4 min

One year after the East Palestine, Ohio train derailment created an environmental disaster, the Biden administration on Tuesday unveiled new regulations intended to shore up freight rail safety. Drone footage shows the freight train derailment in East Palestine, Ohio, U.S., February 6, 2023 in this screengrab obtained from a handout video released by the NTSB. Yet the new rule stops short of the kind of rail safety updates that the Biden administration and members of Congress had originally envisioned as a response to the East Palestine disaster. Making any major updates to rail safety will require congressional funding that has not yet been approved. The stalling of the Railway Safety Act also underscores the power of the freight rail industry's Washington lobbying shop, the Association of American Railroads (AAR).

Persons: Pete Buttigieg, Biden, Vince Verna, Buttigieg Organizations: Federal Railroad Administration, NTSB, Norfolk Southern, Railway, of Locomotive Engineers, Trainmen, Association of American Railroads, CNBC, CSX, Union Pacific, AAR, ARA, Transportation Department Locations: States, United States, Palestine , Ohio, East Palestine , Ohio, U.S, East Palestine, Norfolk, Palestine, Ohio, Washington

(AP) — Transportation Secretary Pete Buttigieg has reiterated his concerns about railroad safety and scolded the industry for not doing more to improve since last year's fiery Ohio derailment. In a new letter to the freight railroads' main trade group, Buttigieg acknowledged that railroads say they are committed to safety. But he said too often regulators encounter resistance when trying to get the industry to do more to improve safety. And he said the Federal Railroad Administration's statistics don't show safety improving significantly over the past decade. But Buttigieg said that with two workers killed last year in rail yard accidents he's still concerned about those incidents.

Persons: Pete Buttigieg, Buttigieg, Ian Jefferies, ” Jefferies Organizations: —, Federal Railroad, Association of American Railroads, Railroads, Union Pacific, AAR, BNSF, CSX, Canadian National, Norfolk Southern Locations: OMAHA, Neb, Ohio, Palestine , Ohio, U.S, Nebraska, Norfolk Southern, Norfolk, East Palestine

☆ Stocks making the biggest moves midday: Costco, Paramount, MillerKnoll, ChargePoint and more
▼ + stars: | 2023-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writer strike ended. ChargePoint , Blink Charging — Shares of ChargePoint and Blink Charging gained 4.1% and 5.5%, respectively after UBS initiated coverage of the electric charging stocks with buy ratings. XPO — Shares added roughly 2% after XPO stock was upgraded to outperform from Evercore ISI, with analyst Jonathan Chappell highlighting margin growth potential and stronger pricing power. Mattel — Shares of the toymaker rose more than 4% after Morgan Stanley initiated coverage of Mattel with an overweight rating. AAR Corp — Shares of the aircraft services company rose 2.3% on the back of its quarterly earnings report.

Persons: MillerKnoll, XPO, Jonathan Chappell, Morgan Stanley, Levi Strauss, TD Cowen, Levi's, Piper Sandler, Kosmos, — CNBC's Brian Evans, Alex Harring, Jesse Pound, Hakyung Kim Organizations: Media, Warner Bros . Discovery, Paramount Global, Comcast, Disney, Netflix, UBS, Costco —, Costco, Evercore ISI, Mattel —, Mattel, Federal Trade Commission, AAR, Kosmos Energy, Bank of America

☆ Rail trade from Canada plummets due to West Coast ports strike, down nearly 50%
▼ + stars: | 2023-07-12 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Year-over-year intermodal Canadian rail was down 46.2% last week as a result of the strike. Weekly rail trade data from the Association of American Railroads shows the devastating impact that Canadian West Coast ports strike is having on freight rail cargo entering the U.S. The U.S. and Canada have a historically strong trade relationship: Each country is the other's top trading partner. The Canadian Chamber of Commerce estimates $605 million in trade moves through one of those two ports daily. The International Longshoremen and Warehouse Union of Canada begin its strike on July 1.

Persons: Vancouver and Prince Rupert, Paul Brashier, Prince Rupert, Brashier, Eric Byer, Byer, Willie Adams, Sara Elena, Medea, Rob Ashton, Steve Lamar Organizations: AAR, Association of American Railroads, Railway Association of Canada, Canadian Chamber of Commerce, Warehouse Union of Canada, British Columbia Maritime Employers Association, ITS Logistics, ITS, U.S ., National Association of Chemical Distributors, Products, CNBC, Hyundai, CMA, Canadian Labor, Labor, Bank of Canada, American Apparel and Footwear Association Locations: West Coast, U.S, Canada, Vancouver, British, United States, U.S . West Coast, East Coast, Western Canada, Asia, Chicago, San Francisco

CNN —The US State Department on Friday released its long-awaited Afghanistan After Action Review report, which found that both the Trump and Biden administrations’ decisions to pull all US troops from Afghanistan had detrimental consequences, and details damning shortcomings by the current administration that led to the deadly and chaotic US withdrawal from that country after nearly two decades on the ground. Sharper criticism of Biden admin actions than earlier White House documentThe State Department’s report contains much sharper criticism around the Biden administration’s actions than the White House summary document released in April. That added significantly to the challenges the Department and DoD faced during the evacuation,” the report said. The report noted that in the chaos, the State Department received an “overwhelming volume of incoming calls and messages to the Department from other government agencies, Congress, and the public inquiring about individual cases mostly with regard to at-risk Afghans,” which created an immense challenge. The report detailed 11 recommendations, mostly related to the Department’s crisis response and preparedness.

Persons: Donald, Trump, Joe, Biden, ”, Afghanistan “, “, Hamid, State Department “, ” “, Antony Blinken, I’ll, ” Blinken Organizations: CNN, US State Department, Trump, Biden, State Department, White, Department, Bagram Air Base, Hamid Karzai International Airport, US, “, DoD, United States, Task Force Locations: Afghanistan, United, United States, Kabul, Washington

☆ These are our two preferred scenarios for the Fed's big March meeting next week
▼ + stars: | 2023-03-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Two things will capture all the market's attention in the coming week: The Federal Reserve's March meeting and the government's ongoing attempt to quell worries about the banking system. If it raises, Powell should speak softly; no raise and Powell should strongly remind the market that the work isn't done. Still, for the week, U.S. stocks fared better, with the S & P 500 rising 1.5% and the Nasdaq gaining 4.5%. On Thursday, initial jobless claims for the week ended March 11 came in at 192,000, a decrease of 20,000 from the prior week and below the expected 205,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Railroad Group Warns of Loose Wheels on Some Railcar Models
▼ + stars: | 2023-03-10 | by ( Kris Maher | Esther Fung | ) www.wsj.com time to read: 1 min

The American Association of Railroads issued a rare advisory Thursday calling for certain rail cars to be taken out of service and inspected amid concerns that loose wheels might increase the risk of derailments. The industry group said one of its railroads had experienced three loose wheels in the cars. The cars in question had wheels that were mounted between August of last year and March by National Steel Car, an Ontario-based rail car manufacturer, according to AAR. It said that any cars, loaded or empty, that are found to have these wheel sets must be removed immediately from service.

☆ US railroad group warns carriers to stop using cars with loose wheels
▼ + stars: | 2023-03-10 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 9 (Reuters) - A group representing major U.S. railroads on Thursday warned carriers to stop using rail cars with loose wheels until those wheel sets can be replaced. The Association of American Railroads (AAR) said Norfolk Southern (NSC.N) had identified loose wheels on a series of cars that present an increased risk of an out of gage derailment. The National Transportation Safety Board (NTSB) said it was looking at the role of the loose wheels in recent derailments and praised the industry action. Norfolk Southern had 517 railcars in use with the wheels at issue, she added. Norfolk Southern did not immediately respond to a request for comment.

☆ Union warns it has been left without enough workers to install new rail safety measures
▼ + stars: | 2023-03-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

"Adding 1,000 more wayside detectors will create more work in the craft," said Michael Baldwin, president of the Brotherhood of Railroad Signalmen. There is no federal mandate for detectors, including the hot box detector, to be inspected. "Norfolk Southern has hired and trained more than 150 new signal employees, and we continue to hire. We are committed to the safety and integrity of our defect detectors," said Connor Spielmaker, Norfolk Southern spokesman. Total Class I freight rail employment in January 2023 was 119,245, up 6.7% (7,491 employees) over January 2022.

☆ Despite East Palestine toxic train disaster, railroads still want single-person crews
▼ + stars: | 2023-03-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The rail safety legislation, introduced in Congress Wednesday with bipartisan support, would include a prohibition on single-person crews. There is no such existing law or federal regulation requiring both an engineer and a conductor to be on a train. The Association of American Railroads confirmed that its position in favor of one-person crews has not changed. “No data shows a two-person crew confined to a cab is safer, and train crew size should continue to be determined through collective bargaining,” a statement from UP. But it might have one or two provisions which are deal breakers for the unions, such as allowing single-person crews.

☆ Markets close out the week lower, as investors brace themselves for more rate hikes next year
▼ + stars: | 2022-12-16 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

But what irked markets was Fed Chair Jerome Powell's indication the Fed could continue to raise rates for longer to bring inflation under control. The S & P 500 lost around 2.25% for the week, closing out Friday down more than 1%. Under the hood, the consumer discretionary sector led to the downside this week, followed by financials and technology. Initial jobless claims for the week ending Dec. 10 came in at 211,000, a decrease of 20,000 from the prior week and below expectations of 232,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Freight railroad service is terrible, even without the threat of a strike
▼ + stars: | 2022-12-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

But that doesn’t mean freight railroads are providing good service to their customers. Many of the problems tangling up the supply chain, driving up prices and slowing the economy can be traced to the steady decline in freight rail service in recent years. Some experts who represent rail customers who have complained about service in the past say service has gotten better since earlier this year. “The national freight rail network is broken, and the need for long-term rail reform is clear. Union Pacific (UNP), Norfolk Southern (NSC) and Berkshire Hathaway’s (BRKA) Burlington Northern Santa Fe all reported record earnings in 2021.

☆ How an arcane 96-year-old law stopped the rail strike
▼ + stars: | 2022-12-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

The Railway Labor Act was passed in 1926 as one of the very first labor laws in the nation. Because of the law, the House was able to vote Wednesday to impose unpopular contracts on four rail unions whose members have already rejected the terms, followed by a vote by the Senate vote late Thursday that did the same. The Railway Labor Act, passed in 1926, is the reason Congress could intervene this week to block a strike by freight railroad unions. But under the Railway Labor Act, management can fall back on hopes that Congress will give them the deal it wants. When he served in the Senate, Biden voted against an earlier effort to impose a contract on the rail unions to keep them on the job.

☆ Rail union bosses warn of election consequences as Senate moves closer to vote on labor deal to prevent strike
▼ + stars: | 2022-12-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

watch nowLeaders of the rail labor unions that have voted not to ratify the tentative labor deal tell CNBC that as the Senate moves closer to a vote on Thursday afternoon on legislation to prevent a rail strike, senators need to realize this is a humanitarian issue and their members will not forget who supported them. On Wednesday, the House passed the tentative rail labor agreement and additional legislation to add seven paid sick days, which has been one of the most important issues to rail workers in the breakdown of negotiations with freight rail companies. All three union presidents say they understand why President Biden had to push Congress to pass the tentative agreement. Biden's PEB deal 'missed the mark'Ferguson said the Presidential Emergency Board rail labor deal "missed a few marks and sidestepped a few, mainly our attendance policy issues." Supply chain congestion and rail embargoesThe unions argue that precision railroading and the lack of labor are the reasons behind congestion in the supply chain.

☆ House approves tentative labor deal to avoid rail strike
▼ + stars: | 2022-11-30 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

The House passed legislation Wednesday that would force a tentative rail labor agreement and thwart a national strike. House Speaker Nancy Pelosi also plans to hold a separate vote to add seven days of paid sick leave to the agreement. He met with the four House and Senate leaders Tuesday in an effort to avoid the economic impacts of a rail strike, which the industry forecasts could cost the U.S. economy $2 billion per day. Railways and their labor unions had until Dec. 9 to reach an agreement before workers promised to strike. The tentative labor deal grants workers one additional personal day, for a total of three personal days for railroad workers.

☆ Chemicals industry warns that rail strike will shut plants and cost economy billions
▼ + stars: | 2022-11-16 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

Ninety-six hours before a strike deadline, all chemical shipments are no longer moved. "We would expect a similar dramatic reduction in chemical shipments if an embargo were to take place this month." The start of rail strike preparation will depend on the voting results from some of the largest rail unions yet to ratify the labor deal recommended by President Biden's Presidential Emergency Board. If SMART-TD or BLET rejects the agreement, the strike date would be December 9, the day after their cooling-off period ends. BMWED has said it would extend its own cooling-off period to align with the new strike date.

☆ Key freight rail union BMWED extends deadline for strike that threatens U.S. economy
▼ + stars: | 2022-11-09 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

The Brotherhood of Maintenance of Way Employees Division, the third largest rail union in the country, is extending its status quo period (no strike, no lockout) during which it wants to continue negotiations with the freight rail carriers. Meanwhile, two major rail unions are set to vote on ratifying the deal on Nov. 21: The Brotherhood of Locomotive Engineers and Trainmen, and the Smart Transportation Division. The rail industry has previously estimated the cost to the economy of a rail strike at $2 billion per day. The BMWED was the first rail union to vote against ratification of a labor agreement negotiated in conjunction with Biden's PEB. All 12 labor unions must ratify a labor agreement to avoid the potential for a nationwide rail shutdown.

☆ We've got plenty of time to work through a potential railroad employee strike, says AAR's Jefferies
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've got plenty of time to work through a potential railroad employee strike, says AAR's JefferiesIan Jefferies, Association of American Railroads president and CEO, joins 'The Exchange' to discuss the stumbling block point for railway employees, if he is hopeful for a new railroad employee deal and more.

☆ Second railroad union votes down deal needed to avert nationwide strike
▼ + stars: | 2022-10-26 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

The Brotherhood of Railroad Signalmen is the second union to vote down the tentative agreement between rail unions, freight rail companies and the Biden administration that was reached on September 15 and critical to avoiding a nationwide rail strike. "For the first time that I can remember, the BRS members voted not to ratify a National Agreement, and with the highest participation rate in BRS history," said BRS president Michael Baldwin in a statement. The NCCC and PEB also both failed to recognize the safety-sensitive and highly stressful job BRS members perform each day to keep the railroad running and supply chain flowing." The rejection of the National Tentative Agreement begins a "status quo" period during which the union will reengage with the NCCC until December 4. The railroads have estimated that a rail strike could cost the economy $2 billion per day.

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