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☆ Logistics companies scramble after bridge collapse closes Port of Baltimore until further notice
▼ + stars: | 2024-03-26 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

The steel frame of the Francis Scott Key Bridge sits on top of the container ship Dali after the bridge collapsed, Baltimore, Maryland, on March 26, 2024. At the time of the collision, the vessel had two pilots from the Port of Baltimore on board. The steel frame of the Francis Scott Key Bridge lies in the water after it collapsed in Baltimore, Maryland, on March 26, 2024. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. "The collapse of the Baltimore bridge primarily affects coal exports from CNX and CSX terminals," said Madeleine Overgaard, dry market data manager for the global trade data platform Kpler.

Persons: Francis Scott Key, Dali, Roberto Schmidt, Paul Brashier, Brashier, Goetz Alebrand, Wes Moore, Larry, Richard Meade, Meade, Kena Betancur, Andy Lipow, Lipow, Helen Delich Bentley, Judah Levine, Madeleine Overgaard, Levine, Tasos Katopodis Organizations: Afp, Getty Images Logistics, Port, Eastern Seaboard, ITS Logistics, Getty, Americas, DHL Global, Maryland Gov, Baltimore, AFP, Uber Freight, IKEA, Lipow Oil Associates, Maersk, Freightos, CSX, East, Francis Scott Key Bridge Locations: Baltimore , Maryland, Baltimore, New York, New Jersey, Norfolk, Port of Baltimore, Colombo, Sri Lanka, Port, American, Taicang Port, Suzhou, China's, Jiangsu, East Coast, Norfolk , Virginia, Maryland, Midwest, New England, Virginia, North East , Maryland, Gulf Coast, Philadelphia, Suez, CNX, Freightos, Asia, U.S

☆ Cars, sugar and cruises: How the Port of Baltimore closure could hurt the economy
▼ + stars: | 2024-03-26 | by ( Mark Thompson | Chris Isidore | ) edition.cnn.com time to read: +8 min

The Port of Baltimore said in a post on X that vessel traffic was suspended until further notice, but trucks were still being processed at its terminals. It said it would discharge cargo destined for Baltimore in other ports nearby, but Maesrk warned customers that could mean delays. Closer to the Midwest than any other port on the East Coast, Baltimore is a major hub for vehicles, containers and commodities. Baltimore ranks first among US ports for autos and light trucks, handling a record 850,000 vehicles last year. While many of the 30,000 to 35,000 cars and trucks that used the Key Bridge daily can be rerouted through the two nearby tunnels, that will cause traffic delays.

Persons: Dali, Judah Levine, ” Maersk, “, VW, Oren Klachkin, Levine, Mark Zandi, ”, Zandi, Wes Moore, Joe Biden, Francis Scott Key, Tasos Katopodis, — Moore, Emily Stausbøll, Matt Lupoli, Hanna Ziady, Peter Valdes, Rob North, Sugam Pokharel Organizations: New York CNN, Baltimore, Atlantic, Nationwide Financial, US, Moody’s, Maryland Gov, Rebuilding, Francis Scott Key Bridge, Domino, Company, Royal Caribbean, Cruises, Cruise, Cruise Lines International Association, Royal Locations: London, New York, Port, Baltimore, East Coast, Singapore, East Coast , Baltimore, Philadelphia, Norfolk, of New York, New Jersey, Asia, Africa, Suez, Maryland, Patapsco, Rebuilding Baltimore, Baltimore , Maryland, Tasos, “, Norway, Royal Caribbean

The collision of three Norfolk Southern trains in Pennsylvania early this month highlights the shortcomings of the automated braking system that was created to prevent such crashes. Not only was the system incapable of stopping the second train before it smashed into the back of a stopped train, but it also couldn't stop the third train. Congress required railroads to develop the positive train control system after a deadly 2008 collision between a Metrolink commuter train and a Union Pacific freight train in Chatsworth, California. Norfolk Southern's safety practices have been in the spotlight since one of its trains derailed in East Palestine, Ohio, in February 2023. The report also didn't say whether there were any curves or hills that made it hard for the crew to see the stopped train.

Persons: Chris Barkan, Keith Holloway Organizations: Norfolk Southern, National Transportation Safety, “ PTC, Union Pacific, Metrolink, NTSB, Rail Transportation, Engineering Center, University of Illinois Locations: Pennsylvania, Chatsworth , California, Lower Saucon Township, Lehigh, Atlanta, Norfolk, East Palestine , Ohio, Urbana, Champaign

☆ The world is obsessing over Princess Kate — here's a timeline of what we do know
▼ + stars: | 2024-03-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +7 min

Catherine, Princess of Wales, Princess Charlotte of Wales, Prince George of Wales, Prince William, Prince of Wales, Prince Louis of Wales and Mia Tindall attend Christmas Morning Service at Sandringham Church on December 25, 2023 in Sandringham, Norfolk. It is also at this point that the palace suggests Kate will not be resuming public duties until after Easter. Feb. 27: Prince William resumes public engagements after some time off, but no updates are released about Kate. March 18: The British tabloid The Sun publishes a video of what appear to be Kate and William at a farm shop. A view of the newspaper headlines that published photographs of Princess Kate during a casual outing with her husband, Prince William, at a farm produce market in Windsor on March 20, 2024 in London, United Kingdom.

Persons: Britain's Catherine, Princess of Wales, Britain's Prince George of Wales, St Mary Magdalene, Adrian Dennis, Kate, Kate Middleton, Catherine, Prince William, Catherine , Princess of Wales, Princess Charlotte of Wales, Prince George of Wales, Prince William , Prince of Wales, Prince Louis of Wales, Mia Tindall, Samir Hussein, William, King Charles III, King Charles, Paul Ellis, Princess Kate, Rasid Organizations: Royal, St Mary Magdalene Church, Afp, Getty, Morning Service, Sandringham Church, Wireimage, Social, Kensington, BBC, British Army, Mother's, Kensington Palace, Sun, Anadolu Locations: St Mary, England, Wales, Sandringham —, Sandringham , Norfolk, Kensington, London, Germany, Windsor, United Kingdom

My kids were excited for their first trip on a plane — and it was thanks to our rewards credit card. This time, we saved up for it, not with money but with rewards credit card points. We still paid off our credit card from our checking accountevery month, but the initial expenses were always charged to our credit card first. We saved by staying with familyBut our savings didn't stop with credit card points. What I like about credit card points is that, in many ways, it feels like you're spending free money.

Persons: —, we're, timeshares, Patience Organizations: Service, Kansas, Banks Locations: Banks, North Carolina, Kansas City , Missouri, Norfolk , Virginia, Virginia

☆ March Madness: Top seeds for men and women’s 2024 NCAA basketball tournament announced for Selection Sunday
▼ + stars: | 2024-03-17 | by ( Jacob Lev | Issy Ronald | ) edition.cnn.com time to read: +8 min

The other top seeds for the NCAA Division I men’s basketball tournament are the Purdue Boilermakers, North Carolina Tar Heels and Houston Cougars. 2 seeds are Iowa State Cyclones, Marquette Golden Eagles, Tennessee Volunteers and Arizona Wildcats. Thirty-two teams automatically qualified in both the men’s and women’s tournament by virtue of winning their respective conference tournaments. Now that Selection Sunday is all but over, there are only two days for fans to fill out their brackets before the men’s tournament begins on March 19 and the women’s tournament begins the day after. Angel ReeseAngel Reese is another of the tournament’s biggest stars, following her crucial role in propelling LSU to its first ever women’s college basketball title last year.

Persons: Caitlin Clark, Martin, Zach Edey, Kirk Irwin, Barack Obama, George H.W, Bush, Jimmy Fallon, Yale Brigham, James Madison, Howard, Wagner, Saint, Tennessee Martin, Rice, Marshall Syracuse, Caitlin Clark Caitlin Clark, “ Clark, onomics ”, Steph Curry’s, Angel Reese Angel Reese, Matthew Holst, Reed Sheppard, Kentucky’s Reed Sheppard Organizations: CNN, Connecticut, South Carolina, NCAA, Purdue Boilermakers, North, Heels, Houston Cougars, Iowa Hawkeyes, Southern California Trojans, Texas Longhorns, Iowa State Cyclones, Marquette Golden Eagles, Tennessee Volunteers, Arizona Wildcats, Wildcats, Long, Long Beach State, Big West, bluebloods, Duke, SEC, Gamecocks, women’s, Heart, Presbyterian, Iowa, Hawkeyes, Louisiana State, Ohio State, Stetson, Northwestern, San Diego State, Alabama, Auburn, Yale, Yale Brigham Young, Duquesne, Washington State, South Dakota State, South Dakota State South Houston, Texas, . Vermont Texas Tech, NC, Boise State, Kentucky Midwest Purdue, Montana State, Utah State, Texas Christian, Gonzaga, Samford South Carolina, . Oregon, Creighton, Mississippi State, . Michigan, Charleston Clemson, Baylor, Colgate, Dayton, Albany South, Oregon State, Marquette, Notre Dame, Kent State, Albany Iowa, Princeton, Drake ; Kansas State, Portland Louisville, . Middle, ., UCLA, California Baptist, Portland Southern, Michigan, Vanderbilt -, Virginia Tech, Jackson State, Richmond ; Ohio, Maine, Portland Texas, Drexel, Florida, South, Cal Irvine Tennessee, ; North Carolina State, Chattanooga ; Iowa, Maryland, Stanford, NBA, WNBA, LSU, Big, Purdue Locations: South, North Carolina, Long Beach, bluebloods Kentucky, Kansas, Tennessee, Louisiana, Connecticut, Stetson ; Florida, San, Birmingham, Duquesne ; Illinois, Morehead State, Drake, South Dakota State South, Longwood ; Nebraska, Wisconsin, NC State ; Kentucky, Oakland, Florida, Colorado, Marquette, Grambling State, McNeese ; Kansas, ., Akron ; Texas, Virginia, Colorado State ; Tennessee, Peter’s West North Carolina, Mississippi, Saint Mary’s ( California, Canyon, Alabama, New Mexico, . Nevada ; Arizona, Albany South Carolina, . Michigan State ; Indiana, Fairfield ; Oklahoma, Florida Gulf Coast . Nebraska, Eastern Washington ; Mississippi, West Virginia, Drake ;, . Middle Tennessee State, . Nevada, Las Vegas, California, California Baptist Region, Portland Southern California, Christi ; Kansas, Vanderbilt - Columbia, Arizona ; Connecticut, Richmond ;, Drexel ; Alabama, Florida State ; Utah, South Dakota, ; North, Chattanooga ;, Norfolk, South Carolina

☆ Apple reaches $490 million settlement over Tim Cook's China sales comments
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: +2 min

Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 6, 2022. Apple has reached a $490 million settlement to resolve a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones in China. A preliminary settlement was filed on Friday with the U.S. District Court in Oakland, California, and requires approval by U.S. District Judge Yvonne Gonzalez Rogers. Apple posted $97 billion of net income in its latest fiscal year, and its payout equals a little under two days of profit. The case is In re Apple Inc Securities Litigation, U.S. District Court, Northern District of California, No.

Persons: Tim Cook, Yvonne Gonzalez Rogers, Cook, Shawn Williams, Rogers, Apple Organizations: Apple Inc, Apple Worldwide, Apple, U.S, Norfolk Pension Fund, Apple Inc Securities Litigation, Court, Northern District of Locations: Cupertino , California, China, Oakland , California, Brazil, India, Russia, Turkey, Norfolk, Norwich, England, Northern District, Northern District of California

(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

☆ News agencies retract image of Princess of Wales and children on manipulation concerns
▼ + stars: | 2024-03-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Catherine, Princess of Wales, Princess Charlotte of Wales, Prince George of Wales, Prince William, Prince of Wales, Prince Louis of Wales and Mia Tindall attend Christmas Morning Service at Sandringham Church on December 25, 2023 in Sandringham, Norfolk. International news agencies withdrew a picture of the U.K.'s Princess of Wales and her three children, saying it failed to meet their editorial standards. The image of Kate, Princess of Wales, surrounded by her children Prince George, Princess Charlotte and Prince Louis, was issued earlier on Sunday by Kensington Palace, the name of the family's offices. As of Monday morning, the image remained posted to the Prince and Princess of Wales's account on social platform X. Kensington Palace said the photograph was taken by Prince William at the family's home in Windsor earlier in the week.

Persons: Catherine, Princess of Wales, Princess Charlotte of Wales, Prince George of Wales, Prince William , Prince of Wales, Prince Louis of Wales, Mia Tindall, Wales, Kate, Princess of, Prince George , Princess Charlotte, Prince Louis, Princess Charlotte's cardigan, Prince, Prince William Organizations: Morning Service, Sandringham Church, International, Kensington Palace, Associated Press, Getty, Reuters, London Locations: Sandringham , Norfolk, Princess of Wales, AFP, Kensington, Windsor

☆ The British Royal Family: A Timeline of the Last Few Months
▼ + stars: | 2024-03-11 | by ( Derrick Bryson Taylor | ) www.nytimes.com time to read: 1 min

For months, nearly all eyes have been fixated on the ebbs and flows of the British royal family, with King Charles III and Catherine, the Princess of Wales, in the spotlight because of health matters. But as of late, the extended absence of Catherine, also known as Kate, from the public eye has propelled a tidal wave of rumors over her whereabouts, ultimately leaving the public still searching for answers. Here is a quick timeline of key moments to help you catch up. Dec. 25, 2023Kate makes her last public appearance. Kate’s last official public appearance was on Christmas Day, when she attended a church service at St. Mary Magdalene Church in Sandringham, Norfolk, England.

Persons: King Charles III, Catherine, Princess, Kate, Kate’s, Mary Magdalene Church Locations: Wales, St, Sandringham , Norfolk, England

☆ U.S. Military Ship Has Set Sail to Help Build Pier Off Gaza for Aid
▼ + stars: | 2024-03-10 | by ( Cassandra Vinograd | ) www.nytimes.com time to read: +3 min

The U.S. military said on Sunday that a ship had set sail carrying equipment to build a floating pier on Gaza’s coast, part of a Biden administration effort to deliver aid to the enclave by sea and help ease its hunger crisis. The administration’s plan for a pier and causeway, announced last week, could eventually help deliver as many as two million meals a day for residents of Gaza. On Sunday, the U.S. military said that an Army ship, the General Frank S. Besson, had set sail from a base near Norfolk, Va., a day earlier. The Israeli military will help coordinate the installation of the pier, Rear Adm. Daniel Hagari, a spokesman for the Israeli military, said on Saturday. They are trying to deliver the first sea shipment of food and humanitarian supplies to Gaza.

Persons: Biden, Frank S, Besson, “ Besson, Daniel Hagari, José Andrés, Helene Cooper, Gaya Gupta, Aaron Boxerman Organizations: U.S, Pentagon, Army, Seventh Transportation Brigade, United Nations, Aid, European Union, United Arab, United Locations: Gaza, Norfolk, Va, U.S, Israel, Britain, United Arab Emirates, Spanish, Cyprus, Larnaca

☆ Israel Hamas War: Latest Updates
▼ + stars: | 2024-03-09 | by ( Victoria Kim | ) www.nytimes.com time to read: +4 min

Distribution of humanitarian aid from the United Nations Relief and Works Agency, or UNRWA, in Rafah, Gaza, earlier this week. But aid workers say that the maritime project is not ambitious enough to alleviate the humanitarian disaster unfolding as Israel continues to bombard the Gaza Strip. The floating pier, General Ryder said, would be built and assembled alongside an Army ship off the Gaza coast. Israeli officials have denied they are hampering the flow of aid, saying the United Nations and aid groups are responsible for any backlogs. “We want to see the amount of aid going via land increase significantly,” General Ryder said.

Persons: Biden, Biden’s, Pat Ryder, General Ryder, Sigrid Kaag, “, Israel, ” General Ryder, “ We’re, ” Organizations: United Nations Relief, Works Agency, Pentagon, U.S ., 7th Transportation Brigade, Base, Army, Defense, U.S . Army, . Security Council, Israel ., United Nations, ” Locations: Rafah, Gaza, Eustis, Va, Norfolk, Egypt, Kerem, Israel, United, U.S, ”

The decision to blow open five tank cars and burn the toxic chemical inside them after a freight train derailed in Eastern Ohio last year wasn't justified, the head of the National Transportation Safety Board told Congress Wednesday. “There was another option: let it cool down.”However, that information was never relayed to Ohio Gov. But the agency won't release its final report on what caused the Feb. 3, 2023, derailment until it holds another hearing this June. "The successful controlled release prevented a potentially catastrophic uncontrolled explosion.”Krissy Ferguson, 49, has not been able to return home since the derailment. The NTSB has said that it appears an overheating bearing on one of the railcars caused the derailment.

Persons: wasn't, Jennifer Homendy, ” Homendy, Mike DeWine, Dan Tierney, ” Tierney, “ Nobody, Keith Drabick, Homendy, Oxy, Drew McCarty, Republican Sen, JD Vance, Drabick, “, Vance, Norfolk, ” Krissy Ferguson, ” Misti Allison, ” Allison, ”, Alan Shaw, Patrick Orsagos Organizations: National Transportation Safety, Norfolk Southern, “, Ohio Gov, Palestine Fire, Professional Services, Republican, NTSB, Associated Press Locations: Eastern Ohio, East Palestine , Ohio, East Palestine, Columbus , Ohio

☆ Deliberate toxic burn following Norfolk Southern derailment was not necessary, safety regulator testifies
▼ + stars: | 2024-03-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

The officials on the ground who authorized the controlled burn were told they had only minutes to make the decision before an explosion. Aerial view of a train cars that had carried vinyl chloride taken two days after a controlled burn of the toxic chemicals in the tanks. NTSB Chair Jennifer Homendy testified at a Senate committee Wednesday that the controlled burn was not scientifically necessary. “The people of East Palestine are still living with the consequences of this toxic burn. So they were provided incomplete information to make a decision [to have a controlled burn].”

Persons: Sen, J.D, Vance, Jennifer Homendy, Homendy, ”, ” Vance, Sherrod Brown, Brown, “, Oxy, ” Homendy, didn’t Organizations: New, New York CNN, National Transportation Safety, Ohio Republican, Norfolk, Wednesday, “, Norfolk Southern, US, Ohio EPA Locations: New York, East Palestine , Ohio, Ohio, Norfolk Southern, Pennsylvania, Palestine, East Palestine, Norfolk

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Super Micro, Eli Lilly, Lyft, DoorDash, Disney & more
▼ + stars: | 2024-03-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

UBS upgrades Norfolk Southern to buy from neutral UBS said it sees margin improvement for the railroad. Goldman Sachs initiates Super Micro as neutral Goldman said the stock is an "AI winner" but that valuation is full right now. UBS reiterates Eli Lilly as buy UBS raised its price target on the stock to $910 per share from $810. UBS reiterates Nvidia as buy UBS said it's sticking with its buy rating after a series of investor meetings with the company." Argus upgrades New York Times to buy from neutral Argus said it sees revenue growth for the newspaper company. "

Persons: Morgan Stanley, Disney, Piper Sandler, Piper, Guggenheim, Baird, SQSP, Goldman Sachs, Goldman, Bernstein, Tesla, underperform Bernstein, Eli Lilly, Wells, Melius, Citi downgrades Ferrari, Jefferies, Evercore, it's, Rosenblatt, Snowflake, Slootman's Organizations: BROS, Guggenheim, GSK, UBS, Norfolk Southern, Micro, JPMorgan, Nvidia, Kyverna Therapeutics, FLT, UDR, Conservative, America Health, RBC, Apple, Citi, Ferrari, Jefferies, BP, Barclays, Barclays downgrades, ISI, Toast Inc, Bank of America, Ball Corp, of America, Broadcom, New York Times Locations: Norfolk, China, New

☆ Kensington Palace, this is not how you convince the world Kate Middleton is alive and well
▼ + stars: | 2024-03-01 | by ( Kwan Wei Kevin Tan | Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Kensington Palace said in January that Kate Middleton had undergone "planned abdominal surgery" and that she likely wouldn't return to work until around Easter, which falls at the end of March. Kate Middleton, Prince William and Prince George. Samir Hussein/WireImage/Getty ImagesIn a brief update, Kensington Palace said on January 17 that she'd undergone "planned abdominal surgery." Then on January 29, the palace issued a statement saying Kate had returned home to Windsor to continue with her recovery. AdvertisementEarlier in February, William made a rare solo public statement about the conflict in Gaza.

Persons: —, Kate Middleton, Kate hasn't, Kate, Prince, Princess, Wales, Dave Benett, they'd, Kristen Meinzer, hyperemesis, Prince William, Prince George, Scott Heavey, Jack Royston, William's, William, Samir Hussein, she'd, King Constantine of Greece, it's, King Charles, Covid, Princess Diana, Prince Charles Organizations: Service, Business, BI, Daily, Telegraph Locations: Wales, Kensington, London, Sandringham , Norfolk, Windsor, Gaza

☆ Rumors Swirl Amid Concern Over a Princess
▼ + stars: | 2024-02-28 | by ( Steven Kurutz | ) www.nytimes.com time to read: +1 min

On Christmas Day, Catherine, Princess of Wales, attended service at St. Mary Magdalene Church in Sandringham, Norfolk, England, wearing head-to-toe royal blue. She walked to church with her husband, Prince William, and their three children, Prince George, Princess Charlotte and Prince Louis, much like she had in years past. Greeting the gathered crowds and the cameras, “She looked lovely for the occasion,” said Town & Country. The princess has not been seen in public since. Two of the most senior members of Britain’s royal family were now facing health trials.

Persons: Catherine , Princess of Wales, Mary Magdalene Church, Prince William, Prince George , Princess Charlotte, Prince Louis, ”, Catherine, Kate Middleton, King Charles III Organizations: Kensington Palace, London Clinic Locations: St, Sandringham , Norfolk, England, Kensington

☆ Norfolk Southern proxy fight draws heavyweight politicians and regulatory scrutiny a year after derailment
▼ + stars: | 2024-02-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.

Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora

☆ Norfolk Southern CEO received 37% raise following derailment
▼ + stars: | 2024-02-26 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ecologically disastrous derailment in East Palestine, Ohio. Shaw received $13.4 million in total compensation in 2023, up from $9.8 million in 2022. His base salary rose $200,000 to $1.1 million, and his stock and option awards rose $2.2 million to $10 million. Shares of Norfolk Southern (NSC) fell 22% in the two months following the accident, but the stock has since recovered most of its value, and its current share price is slightly above its pre-derailment level. The opposition investor group said the company’s new slate of board members won’t stop it from pushing its slate of eight candidates.

Persons: Alan Shaw, Shaw, Shaw’s, “, Jim Barber Jr, Richard H, Anderson, Mary Kathryn “ Heidi ” Heitkamp, “ Mr, ” Organizations: New, New York CNN, Norfolk, Norfolk Southern, of Locomotive Engineers, Ancora Holdings, CNN, UPS, Amtrak, Delta Air Lines Locations: New York, Norfolk Southern, East Palestine , Ohio, Ohio, East Palestine, Norfolk, ” Norfolk Southern, North Dakota

☆ Barclays upgrades Norfolk Southern to overweight after activism activity from Ancora
▼ + stars: | 2024-02-22 | 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 EmailBarclays upgrades Norfolk Southern to overweight after activism activity from AncoraBrandon Oglenski, Barclays analyst, joins 'Money Movers' to discuss the company's upgrade of Norfolk Southern, how difficult it is to improve efficiency when under the safety microscope, and the changes activist investors are pushing for.

Persons: Ancora Brandon Oglenski Organizations: Barclays, Norfolk Locations: Ancora, Norfolk Southern

A railroad stock and a fast food giant were in focus Wednesday among early analyst calls. Barclays raised its rating on Norfolk Southern to a buy-equivalent rating, and his new price target calls for about 20% upside. The firm downgraded the retailer to reduce from hold and maintained a $323 per share price target. — Brian Evans 5:44 a.m.: Barclays upgrades Norfolk Southern Norfolk Southern could see a shake-up to its leadership, and Barclays thinks these changes could lead to strong gains for the stock. He also hiked his price price target to $305 from $255.

Persons: SolarEdge's, Morgan Stanley, Andrew Percoco, Goldman Sachs, Brian Lee, SEDG, Vikram Bagri said.Bagri, — Brian Evans, Piper Sandler, Piper Sandler's, Rob D, Owens, Brian Evans, Daniela Bretthauer, John Ivankoe, Brandon Oglenski, Ancora, It's, Alan Shaw, Oglenski, Fred Imbert Organizations: CNBC, Barclays, Norfolk, JPMorgan, Palo Alto Networks, billings, Palo Alto, HSBC downgrades Home, Depot, HSBC, Home Depot, JPMorgan downgrades, Norfolk Southern, NSC Locations: Wendy's, Norfolk Southern Norfolk Southern, Norfolk Southern, Norfolk

☆ Stocks making the biggest moves premarket: Nvidia, SolarEdge, Teladoc, Palo Alto Networks and more
▼ + stars: | 2024-02-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

SolarEdge Technologies — Shares dropped more than 20% after the company posted mixed quarterly results. However, revenue guidance for the first quarter was well below analyst expectations . Teladoc — Shares dropped 20% the morning after the online health-care company posted worse-than-expected revenue and guidance. The company posted a loss of 17 cents per share, smaller than the 21-cent figure anticipated by analysts surveyed. Palo Alto Networks topped earnings and revenue expectations for the recent quarter, but said it anticipates slower growth for the full year.

Persons: Teladoc, RingCentral, LSEG, Brandon Oglenski, Alan Shaw, HSBC's, Noel Quinn, Wingstop, — CNBC's Michelle Fox, Alexander Harring, Fred Imbert, Sarah Min, Jesse Pound, Samantha Subin Organizations: Nvidia, SolarEdge, LSEG, Palo Alto Networks, Alto Networks, Toll, JPMorgan, Norfolk Southern, Barclays, Amazon, Dow Jones, Walgreens, Alliance, HSBC —, Wall Street, FactSet Locations: Palo, billings

☆ Stocks making the biggest moves midday: Nvidia, SolarEdge, Teladoc, Wingstop and more
▼ + stars: | 2024-02-21 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

First-quarter revenue is expected to be $175 million to $215 million, far below the $406 million forecast. Teladoc posted $661 million in revenue, below the $671 million consensus forecast from LSEG, formerly known as Refinitiv. Wingstop — The restaurant chain slipped 4% despite reporting fourth-quarter earnings and revenue that topped analysts' estimates. However, total revenue growth came down for the fourth consecutive quarter. Wix.com reported fourth-quarter earnings of $1.22 per share, more than the consensus estimate from StreetAccount of earnings of 96 cents per share.

Persons: SolarEdge, Teladoc, Alan Shaw, —, Dow, Wingstop, Wix.com, CNBC's Hakyung Kim, Michelle Fox, Lisa Kailai Han, Jesse Pound, Samantha Subin, Yun Li, Sarah Min Organizations: Nvidia, Wall, Palo Alto Networks, Toll, Norfolk Southern, Barclays, Walgreen Boots, Dow Jones, Walgreens, Alliance, Dow Jones Industrial, Walgreens Boots Alliance, HSBC —, HSBC, Bank of Communications, Garmin —, Garmin Locations: Palo, billings, LSEG, U.S, China

☆ Here are Wednesday's biggest analyst calls: Amazon, Target, Dell, Microsoft, HP, SolarEdge, Norfolk Southern & more
▼ + stars: | 2024-02-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"Downgrade to Reduce (from Hold) while retaining target price of USD323 on valuation and lack of near-term catalysts." JPMorgan reiterates Amazon as a top idea JPMorgan said it sees further share gains for shares of Amazon. Redburn Atlantic Equities reiterates Microsoft as buy Redburn said it sees Microsoft's Azure gaining market share in cloud. Wells Fargo reiterates Target as overweight Wells raised its price target on the stock to $165 per share from $155. "We are initiating coverage of ChargePoint Holdings, Inc. with a Buy rating and a $4.25 Price Target.

Persons: Piper Sandler, Piper, Redburn, Cantor Fitzgerald, Cantor, Wells, Morgan Stanley, Dell, it's, DELL, Jefferies, Stifel, Goldman Sachs, Goldman, SEDG Organizations: Street, HSBC downgrades, HSBC, Home, JPMorgan, Palo Alto Networks, billings, Barclays, Norfolk, Walgreens Boots Alliance, Walgreens, Microsoft, Sabre Corporation, Dell, EV, ChargePoint Holdings, Inc, UBS, HP

Either way, Washington paid little attention to his birthday according to Mountvernon.org, the website of the organization that manages his estate. The official designation is as Washington’s Birthday, although it has come to be known informally as Presidents Day. A small number of states, including Illinois, observe Lincoln’s birthday as a public holiday, according to the Library of Congress. And some commemorate both Lincoln and Washington on Presidents Day. The Uniform Monday Holiday Act took effect in 1971, moving Presidents Day to the third Monday in February.

Persons: George Washington, Alexis Coe, George of Washington, ”, “ It's, “ Jefferson, Lincoln, Washington, ” Coe, Marquis de Lafayette, —, Coe, Thomas Jefferson, comte de Rochambeau, Seth Bruggeman, Bruggeman, Arbelbide, “, ” Bruggeman Organizations: Washington, Temple University, Congressional Research Service, District of Columbia, Library of Congress, National Archives, The Locations: NORFOLK, Va, Washington, Virginia, Mount Vernon, Philadelphia, District, Illinois, Lincoln, The Republic, America

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