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☆ The S&P 500 could close at record on final trading day - that is a very rare market event
▼ + stars: | 2023-12-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

What little suspense is left in the year revolves around whether the S & P 500 can close at a historic high. Closing the year at a historic high is a fairly rare event — it's only happened eight times since 1926, and only four times since 1963, according to S & P Global: 2020, 2013, 1999, 1991, 1963, 1958, 1954, 1928. So far, the S & P is up 0.9% in these first four of the seven days. The S & P internals are almost the opposite of where they were a year ago. S & P 500: overbought and expensive: Relative Strength Indicator (RSI): 72 (overbought) % stocks over 50-day- moving average: 89% (high, overbought) Forward earnings P/E: 19.6 (expensive) Earnings growth: 11% (high) Markets are positioned very bullish.

Persons: Santa Claus, Ingersoll Rand, Parker, Eaton, General Mills, Hendrik Bessembinder, It's Organizations: Mastercard, Capital, American Express, Union Pacific, General, Nike, FedEx, Global, CFA, U.S Locations: Santa, Eaton, Hannifin, Wayfair, United States

☆ Trade Tracker: Stephanie Link makes some major portfolio moves
▼ + stars: | 2023-12-05 | 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 EmailTrade Tracker: Stephanie Link makes some major portfolio movesStephanie Link, chief investment strategist and portfolio manager at Hightower, sells 3M and buys Union Pacific & Sherwin-Williams. She breaks down her portfolio moves.

Persons: Stephanie Link, Hightower, Williams Organizations: Union Pacific & Sherwin

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, GM, Uber, Carvana, Nike, Palo Alto & more
▼ + stars: | 2023-12-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo downgrades Lululemon to equal weight from overweight Wells said in its downgrade of the stock that it sees less balanced risk/reward. Morgan Stanley downgrades Sea Limited to equal weight from overweight Morgan Stanley downgraded the Singapore-based tech conglomerate until its business outlook is clearer. Morgan Stanley upgrades Insulet to overweight from equal weight Morgan Stanley initiated the insulin pump therapy company and said it sees room for further gains. Wells Fargo reiterates Nike as overweight Wells says Nike is a top defensive pick for 2024. Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said Palo Alto shares have the poten tial to rise further.

Persons: Morgan Stanley, Mizuho, Wells, LULU, Roth, Evercore, Piper Sandler, Piper, NVDA, Goldman Sachs, Goldman, it's bullish, KeyBanc, Worthington Enterprises –, TD Cowen, Coinbase, underperform TD Cowen, Oppenheimer, Uber, Truist, Herc, Palo Organizations: West Bancorp, Bank of America, Union Pacific, US Bancorp, Motors, Mizuho, GM, UAW, UBS, Apple, Deutsche Bank downgrades Anheuser Busch InBev, Deutsche, Deutsche Bank, Airlines, Alaska, " Bank of America, Google, Walmart, Nvidia, AMD, European Partners, Coke, JPMorgan, of America, Magellan, MMP, Arrowhead Pharmaceuticals, Arrowhead Pharma, Worthington Steel, Worthington Industries, Worthington Enterprises, Barclays, Resources, Herc Holdings, United Rentals, Nike, Palo Alto, Palo Locations: China, Singapore, Indonesia

Bernstein named Taiwan Semiconductor a "best idea" for 2024, raising its price target on the stock. — Alex Harring 7:01 a.m. In addition to the best-pick honor, analyst Steve Scala has an outperform rating and $86 price target. Analyst Michael Lavery downgraded the stock to neutral from overweight and slashed his price target by $40 to $200. ET: Morgan Stanley hikes PDD price target, calls stock a top pick following earnings Morgan Stanley named Chinese e-commerce name PDD Holdings a top pick following its latest quarterly earnings report.

Persons: Bernstein, Morgan Stanley, LSEG, Bank of America's Tal Liani, Morgan Stanley's Hamza Fodderwala, Alex Harring, Craig Siegenthaler, Blackstone, That's, — Alex Harring, Ken Hoexter, Hoexter, TD Cowen, Steve Scala, Scala, Jefferies, John Colantuoni, bode, Colantuoni, Neil Beveridge, Josh Silverstein, Silverstein, JMP, Baldwin, Mitch Germain, Germain doesn't, Germain, Piper Sandler, Michael Lavery, Lavery, elasticities, HSY's, Hershey, Eddy Wang, Wang, Mark Li, Li, — Fred Imbert Organizations: CNBC, Taiwan Semiconductor, Holdings, Wall, Bank of America, Bank of America's, KKR, Apollo Global Management, Pacific, Transport, AstraZeneca, pharma, Airbnb, Toyota, UBS, Exxon Mobil, Natural Resources, Exxon Mobil's, Hershey, PDD, U.S, LSEG, Commerce, PDD's U.S, Apple, Huawei Locations: Tuesday's, Ivory Coast, Ghana, 4Q23, Taiwan, China

☆ Here are Wednesday's biggest analyst calls: Apple, Amazon, Tesla, Schwab, Pinterest, Exxon, Disney and more
▼ + stars: | 2023-11-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Piper Sandler downgrades Hershey to neutral from overweight Piper Sandler said it's concerned about rising cocoa costs for Hershey. UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone are almost nonexistent. Piper Sandler reiterates Charles Schwab as buy Piper Sandler said the company is a "likely beneficiary of fed rate cuts." Piper Sandler reiterates Pinterest as overweight Piper Sandler raised its price target on Pinterest to $40 per share from $37 and says trends are improving. UBS reiterates Exxon as buy UBS said it's bullish heading into Exxon's corporate plan event on Dec. 6.

Persons: Piper Sandler downgrades Hershey, Piper Sandler, it's, Guggenheim, Tesla, Truist, Canaccord, Raymond James, TD Cowen, AZN, Goldman Sachs, Leslie's, Carlyle, Wells, Wells Fargo, Apple, Jefferies, Airbnb, ABNB, Cantor Fitzgerald, Microvast, Charles Schwab, SCHW, Morgan Stanley, Bernstein, PDD, Marti, Pinterest, D.A, Davidson, Estée Lauder Organizations: Hershey, UBS, Apple, " Bank of America, underperform Bank of America, AstraZeneca, downgrades, Group, Goldman, GS, Bank of America, Union, JPMorgan, Disney, Taiwan Semiconductor, Intel, Commerce, Marti Technologies, DFS, Exxon Locations: China, Europe, Japan, America, CY24, Turkey, XOM's

☆ Why doesn’t the US have more passenger trains?
▼ + stars: | 2023-11-25 | by ( Samantha Delouya | ) edition.cnn.com time to read: +12 min

Today, the United States’ passenger rail system is an echo of its former self, with swathes of the network unused or surrendered to freight. In 1970, President Richard Nixon signed the Rail Passenger Service Act, which removed the requirement that private rail companies provide passenger service. Mike Segar/ReutersBut many American towns and cities have lost access to passenger trains. Can passenger trains make a comeback? A passenger rides an Amtrak train passing near the Pacific Ocean on November 9, 2021 near Oceanside, California.

Persons: you’ll, Biden, ”, Miguel Medina, JP Morgan, Jay Gould, Cornelius Vanderbilt, Christian Wolmar, “, Yonah Freemark, Bing Guan, Freemark, Dwight D, Eisenhower, Harvey Weber, Paul Hammond, Hammond, Richard Nixon, Daniel Patrick Moynihan, Mike Segar, Ulysses S, Grant, Al Drago, Joe Biden, ” Freemark, Robert Puentes, It’s, ” Puentes, Mario Tama, Brightline, Carline Jean, Tony Coscia Organizations: Los Angeles CNN, Washington , D.C, Brightline, Miami, US Department of Transportation, du, Getty, Amtrak, US, Transcontinental Railroad, Central Pacific Railroad, Union Pacific Railroad, Railroad, CNN, Bloomberg, United States Senate, Newsday, Colorado Railroad Museum, Rail, Service, Hall, Pennsylvania, Bureau of Transportation Statistics, Washington DC, Eno Center for Transportation, Private, Las, Passengers, West Palm Beach, Fort, South Florida Sun Sentinel, Tribune Locations: Europe, Asia, America, United States, Boston, Washington ,, Orlando, California, Los Angeles, San Francisco, Swedish, Paris, AFP, France, Japan, China, Promontory Point , Utah, Compton , California, American, Levittown , New York, Manhattan, New York City , New York, U.S, Indiana, Ohio, Baltimore, Baltimore , Maryland, Potomac, Delaware, Oceanside , California, South Florida, Las Vegas, West Palm, Fort Lauderdale, Florida, South

As the Nebraska explosion made clear, there can be problems that are hard to spot before potentially disastrous accidents occur. Some details about the explosion might never be known because the shipping container carrying the acid was destroyed. Union Pacific CEO Jim Vena said he understands and welcomes the agency's scrutiny. Vena said Union Pacific and other major railroads have become safer over time. “And that’s what I’m challenging the team with here at Union Pacific is we have to get better ... We’ll invest in it.

Persons: haven’t, ”, Andy Foust, Warren Flatau, Pete Buttigieg, —, Foust, “, hasn’t, Dennis Thompson, Thompson, Jim Vena, Vena, We’ll, Charlie King Organizations: —, Union Pacific, Federal Railroad Administration, . Transportation, Rail, Transportation Workers, Transportation Division, . Railroad, Materials Safety Administration, Norfolk Southern, Platte Fire, Pacific, of Railroad Infrastructure Locations: OMAHA, Neb, Nebraska, North Platte , Nebraska, Omaha, Norfolk, Ohio, railyard, Palestine

☆ Seth Klarman's Baupost bought 23 million shares of this data analytics stock last quarter
▼ + stars: | 2023-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Seth Klarman's Baupost Group snapped up millions of shares in a little-known data analytics stock in the third quarter, according to the latest regulatory fillings. The value-oriented, Boston-based hedge fund opened a 22.5-million share position in Clarivate Plc worth some $151 million in the third quarter, according to Baupost's 13F filing to the Securities and Exchange Commission. CLVT YTD mountain Clarivate shares this year Klarman picked up the stock as London-based Clarivate tumbled nearly 30% in the third quarter. Still, it's a relatively small position for Baupost, failing to crack the fund's top 10 holdings by dollar value, according to InsiderScore. The loss would be worse, but since the start of the fourth quarter, Dollar General is almost 15% higher.

Persons: Seth Klarman's Baupost, Klarman, Baupost, Willis, Watson Organizations: Securities and Exchange Commission, Jacobs Solutions, Semiconductor, Fidelity National, Viasat . Holdings, Amazon and Union Pacific Locations: Boston, Clarivate, London, Qorvo, Amazon

☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

☆ Norfolk Southern profit slumps, takes $163 mln charge on Ohio derailment
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jonathan Drake/File Photo Acquire Licensing RightsOct 25 (Reuters) - U.S. railroad operator Norfolk Southern's (NSC.N) third-quarter profit slumped 41% on Wednesday as the company took another hefty charge related to the Eastern Ohio freight train derailment. The company took a $163 million hit in the quarter following a $416 million charge on its quarterly statement in the second quarter and a $387 million charge in the first. Norfolk reported quarterly income from railway operations of$756 million, including the derailment charge, compared to $1.3 billion earned last year. The company's quarterly results were in contrast with that of peer Union Pacific (UNP.N), which reported profit above estimates last Thursday. Reporting by Ananta Agarwal and Mehr Bedi in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Drake, Ananta Agarwal, Mehr Bedi, Arun Koyyur Organizations: University of North, REUTERS, U.S . Justice, Union Pacific, Thomson Locations: Norfolk Southern, Chapel Hill , North Carolina, U.S, Norfolk, Eastern Ohio, of Mexico, Great Lakes, Bengaluru

☆ Does ambition die in Austin? These tech workers don't think so.
▼ + stars: | 2023-10-21 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementAn aerial view of a Union Pacific train entering downtown on April 21, 2023 in Austin, Texas. "Now it seems like there's a ton of really, really impressive people," Entwistle told Insider in July. Austinites still feel connected to the tech scene, but aren't ruled by it. AdvertisementAdvertisement"One of the things that we were so grateful for is access to outdoor activities," she told Insider. "Austin was one of the last places towards the end of my time traveling around that I had visited," he told Insider.

Persons: —, Brandon Bell, Hailey Eustace, Evan Baehr, Austin, Alicia Teagle, Austin —, Teagle, it's, John Andrew Entwistle, John Andrew Entwistle John Andrew Entwistle, talent's, Entwistle, Eustace, Austinites, aren't, San Francisco who've, Austin wasn't oversold, White, Sarah Hollingsworth, Robert Johnson, Robert Johnson Robert Johnson Organizations: Service, Austin Chamber, Union Pacific, Health, Learn, Apple, Google, Austin, Austin —, Lone Star State Locations: Austin, San Francisco, New York, Texas, Austin ., Austin , Texas, Francisco, Germany, Miami, Savannah, New York City, San Antonio, Lake Austin

A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. With the United Auto Workers (UAW) strike entering its 36th day and the total economic cost pegged at more than $7 billion, companies are counting the cost of lost revenue amid an uncertain economy and persistent inflation. "The damage from the strikes will last long after UAW members return to work," University of Michigan professor Erik Gordon said. Earlier this week, consultancy firm Anderson Economic Group estimated the economic losses related to supplier wages and earnings of about $2.67 billion through fourth week of the strike. An agreement remains elusive so far and shares of automakers and suppliers have fallen since the strike began on Sept. 15.

Persons: Luke Sharrett, Erik Gordon, Gordon, Lear, John Murphy, Aptiv, Mikael Bratt, Raechel Thankam, Shivansh, Marie, Nathan Gomes, Arun Koyyur Organizations: United Auto Workers, UAW, REUTERS, Detroit Three, University of Michigan, Workers, Delta Air Lines, Detroit . Paints, PPG Industries, railroader Union, Analysts, General Motors, Ford Motor, Trucking, Magna International, Global Research, Anderson Economic Group, Reuters, EV, Auto, Marie Mannes, Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Detroit, French, Forvia, Bengaluru, Stockholm

☆ The top 10 things to watch in the stock market Friday
▼ + stars: | 2023-10-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

The company has reported nine-consecutive quarters of double-digit, year-over-year growth in its international business, and expects sequential revenue growth in the fourth quarter. Deutsche Bank upgrades Union Pacific (UNP) to a buy rating, while slightly raising its price target to $258 a share, up from $257. Wolfe Research upgrades Club holding Morgan Stanley (MS) to a neutral-equivalent rating from underperform, without a price target. Goldman Sachs lowers its price target on Club name Walt Disney (DIS) to $125 a share, down from $128, while maintaining a buy rating on the stock. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Eli Lilly, Jim Vena, Morgan Stanley, Wednesday's, Goldman Sachs, Walt Disney, Jim Cramer's, Jim Cramer, Jim Organizations: American Express, Revenue, Schlumberger, UBS, General Motors, United Auto Workers, Ford, Stellantis, Bloomberg, Deutsche Bank, Union Pacific, Wolfe Research, JPMorgan, Club, North, Walt, Jim Cramer's Charitable, CNBC Locations: GLP, North American

☆ Here are Friday's biggest analyst calls: Nvida, Amazon, SolarEdge, Sunrun, IBM, Crocs, Meta, Disney & more
▼ + stars: | 2023-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Meta as buy Bank of America said it's bullish heading into earnings next week. UBS upgrades Merck to buy from neutral UBS said Merck has an "undemanding" valuation and robust pipeline. UBS reiterates Ralph Lauren as buy UBS said the stock is best positioned for AI. UBS reiterates McDonald's as buy UBS said the stock remains attractively valued. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating heading into earnings next week.

Persons: JPMorgan, Jefferies, Goldman Sachs, Goldman, it's, Merck, Stephens, Ralph Lauren, McDonald's, Cognizant, TSMC, Deutsch, Redburn, Raymond James Organizations: JPMorgan, Nvidia, Disney, Bank of America, Meta, UBS, Merck, Deutsche Bank, Union Pacific, Deutsche, IBM, Citi, Taiwan Semiconductor, Management, Deutsche Bank downgrades, Microsoft, Brands, Mattel, Disney Princess, of America Locations: China

☆ Union Pacific Profit Falls on Weaker Freight Demand
▼ + stars: | 2023-10-19 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Pricing and volume in Union Pacific’s intermodal segment fell last quarter from the previous quarter. Photo: tannen maury/EPA/ShutterstockUnion Pacific ’s profit fell 19% in the third quarter to $1.5 billion, beating expectations, while the company reported declining freight rail volumes and revenue across key industrial commodities. Earnings slid to $2.51 a share from $3.05 a share in the year-ago quarter. Analysts polled by FactSet had been expecting $2.41 a share.

Persons: tannen maury, FactSet Organizations: Shutterstock, Pacific Locations: Union

☆ Union Pacific's quarterly profit drops 19% on lower volumes
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

Union Pacific livery on the side of a cargo locomotive is pictured ahead of a possible strike if there is no deal with the rail worker unions, at Union Station in Los Angeles, California, U.S., September 15, 2022. REUTERS/Bing Guan/File Photo Acquire Licensing RightsOct 19 (Reuters) - Union Pacific (UNP.N) reported a 19% fall in quarterly profit on Thursday, as higher labor costs and lower volumes outweighed the benefits from price hikes implemented by the railroad operator. The company's operating ratio, a key metric that indicates operating expenses as a percentage of revenue, rose to 63.4% in the third quarter from 59.9% reported a year ago. Union Pacific, which connects 23 states in the western two-thirds of the country by rail, also posted a 10% decline in quarterly operating revenue to $5.94 billion. Reporting by Ananta Agarwal and Amna Karimi in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Bing Guan, Jim Vena, Ananta Agarwal, Amna, Shilpi Majumdar Organizations: Union Station, REUTERS, Union Pacific, Thomson Locations: Los Angeles , California, U.S, Bengaluru

☆ Earnings are still good, but stocks are acting like the economy is slowing
▼ + stars: | 2023-10-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

There are macro cross currents: earnings are still good, but stocks are acting like the economy is slowing, and the commentary on the consumer has turned cautious. The markets are not sure, but parts are acting like the consumer is slowing down. The AIA/Deltek Architecture Billings Index, a measure of activity at major architecuture firms, reported the lowest levels in September since December 2020, during the height of the pandemic. Earnings growth at 2.8% is good but also lower than the earlier reporters. earnings beat: 5.5% Earnings growth: 2.8% Revenue growth: 6.4% Source: Earnings Scout Welcome to 'higher for longer limbo' The bottom line: there is no escape velocity without relief on bonds.

Persons: Elon Musk, Tesla, Peter Arvan, JB Hunt, Parker Hannifin, Donaldson, WESCO, Martin Marietta, Parker, Hannifin, Ingersoll Rand Organizations: General Motors, Ford, Pool Corp, Revenue, Rand, Caterpillar, AIA, Billings, billings, Ingersoll, Vulcan, Fed Locations: Union, Ingersoll, Fluor

☆ Stocks making the biggest moves midday: Tesla, Netflix, American Airlines, AT&T and more
▼ + stars: | 2023-10-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Las Vegas Sands – The casino operator rose 3.8% after topping revenue estimates for the third quarter and pointing to a recovery in Macao and Singapore. Las Vegas Sands posted revenues of $2.8 billion, exceeding the $2.73 billion expected by analysts polled by LSEG. American Airlines — Shares advanced 2% midday even after the air carrier posted weaker-than-expected earnings and revenue for the third quarter . Netflix added 8.76 million subscribers in the quarter while analysts polled by StreetAccount forecast 5.49 million. Zscaler — Stock in the cloud security firm added 1% following an upgrade to buy from Jefferies on Thursday, citing upside to 2024 earnings estimates.

Persons: Tesla, Blackstone, LSEG, —, Alex Harring, Hakyung Kim, Samantha Subin, Tanaya Macheel Organizations: Union Pacific, LSEG, Vegas Sands, Las Vegas Sands, LSEG . American Airlines —, Netflix, StreetAccount, Lam Research, Zions, Jefferies, Blackstone — Locations: Vegas, Macao, Singapore, Las, Atlantic, Pacific

The Omaha, Nebraska, railroad earned $1.53 billion, or $2.51 per share, during the quarter, That's down from $1.9 billion, or $3.05 per share. The number of shipments Union Pacific delivered slipped 3% in the quarter, and while costs improved about 4% they remained elevated at $3.76 billion. But the average speed of the railroad's trains increased to 200 daily miles per car. Shares of Union Pacific gained more than 3% Thursday to trade for $213.16 around midday. Union Pacific is one of the nation's largest railroads and operates more than 30,000 miles of track in 23 western states.

Persons: Jim Vena, “, ”, Vena, Edward Jones, Jeff Windau, he'll Organizations: — Union Pacific's, FactSet Research, Union Pacific, Union, Union Pacific's, of Union Pacific Locations: OMAHA, Neb, The Omaha , Nebraska, Norfolk Southern, Ohio

☆ Morning Bid: To 5% and beyond, bond yields soar
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +5 min

The company earnings picture, meantime, was mixed to sour over the past 24 hours in both the U.S. and Europe. Despite decent demand at a typically awkward 20-year bond auction on Wednesday, yields continued to spiral higher overnight and ahead of Fed Chair Jerome Powell's key speech later on Thursday. The upshot of all factors has seen Treasury yields climb ever higher through the night - with two-year and 20-year yields , now both above 5.25%, the latter at a record high and the former the highest since 2006. Ten and five-year tenors also saw yields soar to within a hair's breadth of 5% early on Thursday too. The ructions in the bond market and incoming earnings saw Wall St indexes (.SPX), (.NDX) hit their lowest in 10 days on Wednesday and futures were in the red again ahead of the open today.

Persons: Brendan McDermid, Mike Dolan, Jerome Powell's, Republican Jim Jordan, Blackstone, Philip Morris, Jerome Powell, Philip Jefferson, Michael Barr, Lorie Logan, Austan Goolsbee, Raphael Bostic, Patrick Harker, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S, Netflix, Republican, Bank of Japan, Mortgage Bankers Association, HK, Fifth Third Bancorp, Philip Morris , Union Pacific, CSX, Truist Financial, American Airlines, Alaska Air, Philadelphia Fed, U.S . Federal, Dallas, Chicago Fed, Atlanta Fed, Treasury, Housing, Reuters, Thomson Locations: New York City, U.S, Washington, Venezuela, Europe, Frankfurt, Freeport, McMoRan, China

☆ Stock futures are little changed as traders look ahead to key Fed Chair Powell speech: Live updates
▼ + stars: | 2023-10-18 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

S&P 500 futures ticked up 0.06%, while Nasdaq 100 futures gained 0.1%. In after-hours trading, electric vehicle juggernaut Tesla slid 4% after the company missed expectations on earnings and revenue in the third quarter. During Wednesday's regular trading, stocks sold off sharply as Treasury yields surged to multiyear highs. Interest rates will be back in focus Thursday as traders look ahead to a key speech at noon ET from Federal Reserve Chair Jerome Powell. Even as inflation numbers have been showing signs of improvement, Treasury yields' continued climb is raising questions on how the central bank may proceed on monetary policy.

Persons: Tesla, LSEG, Jerome Powell, —, Jeff Cox Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Netflix, Dow, Federal, Truist, American Airlines , Union Pacific, CSX

☆ Regional banks are in focus in the week ahead as third-quarter earnings season ramps up
▼ + stars: | 2023-10-13 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Regional banks will be in focus in the week ahead as traders head into the thick of third-quarter earnings season. Regional bank earnings are also expected to be a weak point this season. But a closer look into the sector's sub-industries showed that regional banks are anticipated to have tumbled by 15% last quarter. Traders parsing through regional bank earnings will pay special attention to signs of narrowing net interest margins (NIM). Earnings season underway Many investors anticipate that the third-quarter earnings season will be alright.

Persons: Wells, Kumar, FactSet's John Butters, NIM, They'll, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, FactSet's Butters, Nancy Tengler, Lauren Goodwin, we'll, Goodwin, Charles Schwab, Lockheed Martin, Goldman, Zions, Kinder Morgan, Lam, McLennan, Philip Morris, Huntington Bancshares, —, Jesse Pound Organizations: Citigroup, JPMorgan Chase, Sri, Kumar, Silicon Valley Bank, Regional Banking, Dow Jones Industrial, JPMorgan, Hamas, Northern Trust, U.S . Bancorp, T Bank, Citizens Financial, Bank of America, Federal Reserve, Companies, Investments, New York Life Investments, Index, Johnson, Bank of New York Mellon, Goldman Sachs Group, Hunt Transport Services, Omnicom, United Airlines Wednesday, Housing, Elevance, Citizens Financial Group, Procter, Gamble, Abbott Laboratories, Discover Financial Services, Las Vegas Sands, PPG Industries, Steel Dynamics, Tesla, Netflix, Lam Research, Philadelphia Fed, Truist, Alaska Air Group, Fifth Third Bancorp, American Airlines Group, Marsh, Philip Morris International, Union, CSX, Comerica, Regions Financial, American Express, Interpublic, Cos Locations: Wells Fargo, Silicon, Ukraine, Israel, J.B, Las Vegas, Philadelphia, Truist Financial, Union Pacific, Freeport, Huntington

☆ Cramer's week ahead: Keep an eye on banks as earnings season kicks off
▼ + stars: | 2023-10-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday told investors what to look out for in the coming week as earnings season kicks off. "The war will continue to overshadow earnings season, but if you keep track of these companies and there's a cessation in the conflict, the market will eventually embrace the good ones," he said. Cramer will also be watching earnings from consumer packaged goods company Procter & Gamble and medical device maker Abbott Laboratories . Cramer also noted there was "suboptimal commentary" surrounding Netflix and Tesla , which will report Wednesday after the market closes. Cramer will also be looking at Friday reports from American Express and oil service giant SLB , formerly known as Schlumberger.

Persons: CNBC's Jim Cramer, Charles Schwab, Goldman Sachs, Cramer, Charles Schwab's, Lockheed Martin, Johnson, Morgan Stanley Organizations: Bank of America, Lockheed, United Airlines, Procter, Gamble, Abbott Laboratories, Netflix, Tesla, Union Pacific, American Express Locations: Israel, KeyCorp, Schlumberger

FRA spokesman Warren Flatau said freight railroads weren't addressed because a 2015 law Congress passed only required regulators to establish a rule for passenger railroads. But many freight railroads, including all the biggest ones that handle a majority of shipments nationwide, have installed cameras voluntarily, starting with outward-facing cameras and later adding ones showing the crews' actions. Later, lawmakers also required regulators in the 2015 law to look at requiring locomotive video recorders for passenger trains. Amtrak pledged in 2015 to install cameras on its trains after a crash in Philadelphia that killed eight people and injured about 200. “While video recorders cannot directly prevent accidents, they help maintain a higher standard of safety,” said FRA Administrator Amit Bose.

Persons: Warren Flatau, Jennifer Homendy, Homendy, there’s, ” Homendy, ”, Amit Bose Organizations: —, National Transportation Safety, Federal Railroad Administration, Railroad Association, Norfolk Southern, NTSB, Union Pacific, Metrolink, Amtrak Locations: OMAHA, Neb, Ohio, Norfolk, East Palestine, Pennsylvania, Palestine, Chatsworth , California, Chatsworth, Philadelphia

☆ How 1880s technology made it possible for 2 women to travel around the world in under 80 days
▼ + stars: | 2023-10-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +19 min

In 1889, journalist Nellie Bly set off on a trip around the world, trying to make it under 80 days. "You see a huge emphasis being placed on building ships that were ever faster than the previous generation of ships," Goodman said. Once aboard the train, Bly began to receive telegrams from her editors and well-wishers. "Sometimes it literally literally just says, 'Nelly Bly's train,'" Behn said. For Behn, what Bly and Bisland did remains incredible and deserve to be remembered as much as Verne's story.

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