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☆ Truckers Expect an Inventory-Driven Rebound Later This Year
▼ + stars: | 2023-02-01 | by ( Liz Young | ) www.wsj.com time to read: +4 min

Trucking companies are pinning hopes for a rebound in freight demand on the second half of this year, saying their retailer customers expect to resume restocking after winding down inventories over recent months. Carrier executives say they are hearing from their shipping customers that they expect to return to a more normal ordering cycle this year and start moving bigger volumes closer to the fall shopping season following volatile retail spending and distribution in 2022 that left them overstocked. Inbound volumes at U.S. ports are also down, suggesting fewer goods from overseas are flowing into domestic freight networks. “Trucking is definitely down right now,” said Tom Nightingale, CEO of AFS Logistics, a Shreveport, La.-based logistics operator. She said on a Jan. 18 earnings conference call that the company “has good signals” from shipping customers that they plan to pick up their ordering in the second quarter.

☆ 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.

☆ 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.

☆ Jim Cramer goes over J.B. Hunt's fourth quarter earnings
▼ + stars: | 2023-01-18 | 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 EmailJim Cramer goes over J.B. Hunt's fourth quarter earningsCramer went over J.B. Hunt's most recent quarterly earnings results and his thoughts on the company's stock.

☆ 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.

☆ Cramer’s week ahead: Wait before trading on company earnings
▼ + stars: | 2023-01-13 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Stocks made a comeback on Friday after falling initially on quarterly earnings reports and recession warnings from major banks. Tuesday: Goldman Sachs, Morgan Stanley, United AirlinesGoldman SachsQ4 2022 earnings release at 7:30 a.m. Morgan StanleyQ4 2022 earnings release at 7:30 a.m. United AirlinesQ4 2022 earnings release at 4:30 p.m. Wednesday: J.B. Hunt Transport, AlcoaJ.B. Hunt TransportQ4 2022 earnings release before the bell; conference call at 9 a.m.

☆ Corporate profit reports in the week ahead could show whether there's an 'earnings recession'
▼ + stars: | 2023-01-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Investors in the week ahead will focus on how much inflation and the slowing economy have chiseled away at corporate profits, as companies including Goldman Sachs , Netflix and Procter & Gamble report earnings. "This is going to be the start of the clock ticking on an earnings recession," said Amanda Agati, chief investment officer of PNC Asset Management Group. Economic recession talk heats up "There's never been a recession without an earnings recession since World War II," Agati said. Art Hogan, chief market strategist at B. Riley Financial, said this coming earnings week could be an important step towards assessing the health of corporate balance sheets. Week ahead calendar Monday Martin Luther King Jr. Day Markets closed Tuesday Earnings: Goldman Sachs , Morgan Stanley , Citizens Financial, United Airlines, Interactive Brokers 8:30 a.m.

Share this -Link copiedMcCarthy elected speaker in 15th round McCarthy was elected House speaker Saturday shortly after midnight on the 15th ballot. Share this -Link copiedHouse reconvenes to hold 14th round of speaker votes The House has reconvened to begin the 14th round of speaker votes. Read the rest of the story, The House speaker election, in three charts. Share this -Link copiedHouse begins 13th round The House is beginning the 13th round of speaker votes. At least 14 House GOP flip to support McCarthy in twelfth speaker vote Jan. 6, 2023 01:52 Share this -Link copied

☆ Hackers stole over 200 million email addresses from Twitter users and published them on an online forum, cybersecurity firm says
▼ + stars: | 2023-01-06 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Hackers have stolen email addresses from over 200 million Twitter users, a cybersecurity firm said. Gal warned in an additional LinkedIn post that hackers will take advantage of the database to hack "high profile accounts," "crypto Twitter accounts," and "political accounts." Bleeping Computer reported that it was able to confirm the validity of many of the email addresses listed in Wednesday's leak. Gal had first reported that hackers had stolen the data of 400 million Twitter users in December. Hunt said in a tweet that he had discovered around 211 million unique email addresses linked to the Twitter leak.

☆ 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.

☆ A long-term illness crisis is threatening the UK economy
▼ + stars: | 2022-12-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

Leon Neal/Getty ImagesLONDON — Along with sky-high inflation and energy costs, a Brexit-related trade tailspin and a recession in progress, the U.K. economy is being hammered by record numbers of workers reporting long-term sickness. Unlike other major economies, recent U.K. data shows no sign that these lost workers are returning to the labor market, even as inflation and energy costs exert huge pressure on household finances. The U.K. avoided mass job losses during the Covid-19 pandemic as the government's furlough program subsidized businesses to retain workers. "The U.K. was particularly vulnerable because of austerity — NHS waiting lists were rising sharply, and performance/satisfaction was falling sharply, well before the pandemic," Portes said. However, the report noted that this isn't a recent phenomenon, and the waiting list has been growing rapidly since 2012.watch now

Ali Alexander said he believed White House wanted him to lead rallygoers to Capitol "Stop The Steal" organizer Ali Alexander believed the White House wanted him to lead attendees of Trump's Jan. 6 rally to the Capitol, the report said. Alex Jones, who has claimed the White House told him to lead the march, texted Wren at 12:27 p.m. Finally one of the staffers told Trump they thought he should focus on his speech. Trump told Jan. 6 demonstrators at the Capitol in a Twitter video that he loved them but that they should go home. The information was expected to be available as soon as Thursday — the day the House Jan. 6 committee is set to issue its final report on the riot.

It could be worse, the president could have tried to kill’ — he didn’t say kill — ‘the president could have tried to strangle you on Jan. 6,’” Hutchinson said. Hutchinson recalled how during a drive to New Jersey she began wondering whether any aide in the Richard Nixon administration had held a position similar to her own during the Watergate scandal. In remarks, she thanked the Jan. 6 Committee for its work ahead of the final report's release. Hutchinson, who delivered bombshell testimony to the Jan. 6 committee this summer, had previously been represented by Stefan Passantino, who had also worked as a lawyer in the Trump White House. Share this -Link copiedCommittee releases Cassidy Hutchinson transcripts The committee released more transcripts on Thursday, making public the closed-door interviews with White House aide Cassidy Hutchinson.

☆ Here are Monday's biggest analyst calls: Tesla, Amazon, Netflix, Moderna, Nike, Coinbase & more
▼ + stars: | 2022-12-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley names Microsoft a top 2023 pick Morgan Stanley said it sees accelerating earnings per share growth for Microsoft in 2023. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley raised its price target on Netflix to $275 per share from $250 but said the valuation has come too far too fast. Telsey names Amazon a top 2023 pick Telsey said the e-commerce giant will continue to gain share in 2023. " Morgan Stanley names Formula One Group a top 2023 pick Morgan Stanley said the company is top beneficiary in the rising popularity of auto racing. Goldman Sachs names SolarEdge a top 2023 pick Goldman said shares of the solar company are attractive heading into next year. "

☆ UK’s Big Bang barely mitigates City’s Brexit pain
▼ + stars: | 2022-12-09 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

Hence Friday’s package, long trailed as a “Big Bang”, supposed to turbocharge the City. Eventually, he could end the regime if banks prove they can safely be wound down. Hunt’s broader push is to enlist the Financial Conduct Authority and Prudential Regulation Authority supervisors in his Big Bang, giving them a statutory responsibility for boosting the economy’s competitiveness. The only way to undo the damage would be to align with European rules indefinitely or to re-join the bloc, both of which are political no-gos. The government will also introduce new statutory objectives for the Financial Conduct Authority watchdog and the Prudential Regulation Authority, which supervises banks and insurers.

☆ 'The Whale' review: Brendan Fraser's standout performance can't keep Darren Aronofsky's film afloat
▼ + stars: | 2022-12-09 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —The love showered on Brendan Fraser out of film festivals inflates expectations for “The Whale” wildly out of proportion, in a movie based on a play that occurs almost entirely within a lone apartment. Weighted down not by its morbidly obese protagonist but rather its stick-thin supporting players, Fraser deserves praise for his buried-under-makeup performance, but that’s not enough to keep the movie afloat. Adapted by Samuel D. Hunter from his play, “The Whale” actually derives its title from the book “Moby Dick,” although the convincing enormity of Charlie’s physique obviously provides another meaning. As poignant and heartbreaking as Charlie’s plight is, “The Whale” can’t transcend the line between theater and film. While it’s easy to root for Fraser to earn accolades, in the annual hunt for award-worthy movies, consider this another one that got away.

☆ UK's new finance reforms part of a 20-year plan to be 'world's next Silicon Valley,' minister says
▼ + stars: | 2022-12-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

The U.K. government has announced sweeping reforms to the regulation of its financial services industry, which it hopes will unlock future growth prospects. Mike Kemp | In Pictures | Getty ImagesLONDON — Sweeping reforms to the U.K.'s financial services sector should mark the first stage in a 20-year plan for Britain to become the next Silicon Valley, Finance Minister Jeremy Hunt said Friday. "We should have a 20-year plan to be the world's next Silicon Valley," Hunt said via video call during a conference hosted by the Financial Times. Jeremy Hunt UK finance ministerThe finance minister was speaking from Edinburgh, Scotland, where earlier Friday he unveiled an extensive overhaul of the U.K.'s financial regulation system. U.K. Finance Minister Jeremy Hunt has said Britain should have a "20-year plan" to become the world's next Silicon Valley.

☆ Bidding on a Brooklyn Brownstone, With a Baby on the Way. Which One Did They Buy?
▼ + stars: | 2022-12-01 | by ( Debra Kamin | ) www.nytimes.com time to read: +2 min

Clever was living in a tiny apartment in Clinton Hill, Brooklyn, with no furniture aside from a rented Steinway grand. At one of them, Ms. Chen — a native of Zhejiang, China, who had recently arrived to study creative writing — played the piano alongside him. The time had come for a new space — and with Ms. Chen expecting their first child, they would need more of it. “We visited a lot of homes that had been cut up and felt so cramped inside,” Ms. Chen said. All the while, Ms. Chen had an eye on formal living rooms that could accommodate a grand piano.

☆ 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.

☆ Higher Taxes, Spending Cuts to Follow in Other Countries, U.K. Chancellor Says
▼ + stars: | 2022-11-18 | by ( Max Colchester | ) www.wsj.com time to read: 1 min

LONDON—U.K. Chancellor of the Exchequer Jeremy Hunt defended his decision to implement steep tax increases and public spending cuts, saying that many other governments are going to have to follow suit after years of ramped-up spending from the pandemic and new energy subsidies. The U.K. on Thursday became the first Western economy to say it would sharply curtail its spending growth, even as a recession begins to take hold. Mr. Hunt announced £55 billion of budget cuts and tax increases aimed at convincing investors that the U.K. government is serious about tackling its rising debt load and combating inflation running at 11.1%.

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