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Ram 1500 Revolution BEV electric concept pickup truck Stellantis"This is a vision, or a glimpse, into the future of Ram Trucks," Ram CEO Mike Koval Jr. told CNBC. The electric Ram truck is expected to enter an increasingly crowded segment of electric pickups that already includes the GMC Hummer EV, Ford F-150 Lightning, Lordstown Endurance and smaller Rivian R1T. Ram 1500 Revolution BEV electric concept pickup truck StellantisKoval said Ram isn't worried about being late to the segment. Ram 1500 Revolution BEV electric concept pickup truck StellantisThe design of the concept electric Ram pickup appears to be more of a lifestyle pickup rather than a traditional work truck, but executives said the production vehicle will serve both purposes. "The TRX (a performance version of the Ram 1500) has that in spades," Gilles told CNBC.

☆ Tesla upgraded by Edward Jones as it tumbles for yet another day
▼ + stars: | 2023-01-05 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Tesla 's dramatic decline has started to catch the eye of some Wall Street firms that were previously skeptical of the stock, including Edward Jones. Analyst Jeff Windau upgraded Tesla to buy from hold during Thursday's trading session, saying in a note to clients that the stock now looks cheap in the context of Tesla's long-term growth prospects. In our opinion, the share price of Tesla does not reflect its long-term growth opportunities," the note said. Windau cited potential improvements to Tesla's full-self driving feature and batteries as growth drivers for the company. TSLA 5D mountain Tesla's stock has fallen in the first week of 2023.

☆ Premarket stocks: Wall Street's biggest winners and losers in 2022
▼ + stars: | 2022-12-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

The S&P 500 is down nearly 20% and with two trading days left in the year, investors’ hopes of a miraculous recovery have been dashed. The energy sector has so far returned more than 60% this year, significantly outperforming every other S&P 500 sector. Occidental Petroleum has been the biggest gainer of the year in the S&P 500, up 122% year-to-date. The energy sector reported the highest year-over-year earnings growth of all 11 sectors, at 137.3%. Elon Musk’s Tesla (TSLA) is also down about 70%, making the auto tech company the third worst performer this year.

☆ Why Southwest is still melting down
▼ + stars: | 2022-12-29 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

Still, Southwest canceled another 2,300 flights today, long after its rivals had resumed normal service. Here’s why is Southwest taking so long to get its operations back on track: Southwest got unlucky with the location of the storm and its timing. And outdated scheduling technology left Southwest scrambling to match crew with planes. Bad luckThe storm hit Chicago and Denver hard, where Southwest has two of its biggest hubs – Chicago Midway airport and Denver International airport. Although Southwest says it was fully staffed for the holiday weekend, illness makes adjusting to increased system stress difficult.

☆ The Fed could signal rate cuts in the back half of 2023, says Edward Jones' Mona Mahajan
▼ + stars: | 2022-12-28 | 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 EmailThe Fed could signal rate cuts in the back half of 2023, says Edward Jones' Mona MahajanMona Mahajan, senior investment strategist at Edward Jones, joins CNBC's 'Squawk Box'' to break down her outlook for the U.S. economy and markets in 2023.

☆ Analysis: Southwest got billions of dollars in taxpayer aid. Why is its service still a mess?
▼ + stars: | 2022-12-28 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

Southwest Airlines received more than $7 billion from that program. However, analysts say, Southwest’s service meltdown is unrelated to the taxpayer assistance the airline received in 2020. Cancelled Southwest Airlines flights are seen on the flight schedules at LaGuardia Airport, Tuesday, Dec. 27, 2022, in New York. In April 2020, airline passenger traffic plummeted 96% and stayed 60% below 2019 levels in 2020, according to the US Government Accountability Office. “The problems at Southwest Airlines over the last several days go beyond weather,” she said in a statement.

☆ 3 things that should be worrying Nike
▼ + stars: | 2022-12-26 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

New Adidas CEO Bjørn Gulden could reinvigorate the rivalry with Nike. Top of mind with stock pickers: Nike needs to shed inventory and get sales growing more in China. Analysts are also wondering how much competition Nike will face from Adidas under its new CEO Bjørn Gulden. Before the December earnings report, Simeon Siegel, managing director for equity research at BMO Capital Markets, told Insider Nike appeared to be turning a corner in China. Analysts also think new Adidas CEO Bjørn Gulden, who previously worked as CEO of Puma, could reinvigorate the rivalry with Nike.

☆ Analysis: U.S. stock investors face recession fears as they bid good riddance to 2022
▼ + stars: | 2022-12-23 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

"The issue is how much has the market already discounted a recession, and that’s where it gets a little bit thornier." Concerns that the Fed will maintain its hawkish stance helped drive the S&P 500 down 1.45% on Thursday. The S&P 500 marked a 2022 closing low of 3,577.03 in October, just over 6% below its current level. Yet earnings fall by an average annual rate of 24% during recessions, according to Clissold, leaving plenty of downside for profits if a slowdown hits. Bear markets on average have bottomed four months before the end of a recession, according to Clissold, of Ned Davis.

☆ Two of the 'best' ways to donate to maximize your tax deduction for charitable gifts, according to financial advisors
▼ + stars: | 2022-12-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Members of the Salvation Army play music during the lighting of the world's largest Red Kettle in the Times Square neighborhood of New York, U.S., on Tuesday, Dec. 1, 2020. This holiday season, it may be possible to lower your taxes while supporting your favorite charity, experts say. Despite the shaky economy, most Americans plan to donate similar amounts this year as they did last year, a recent Edward Jones study found. While tax breaks typically aren't the main reason for giving, experts say some donors may be missing out on the chance for a deduction. Here's what to know about the charitable deduction before opening your wallet, and two of the "best" ways to give, according to financial advisors.

FedEx Corp (FDX.N), which sparked a market selloff in September after pulling financial forecasts, provided financial guidance and announced plans for $1 billion cost cuts. Also, U.S. consumer confidence rose to an eight-month high in December as inflation retreated and the labor market remained strong while 12-month inflation expectations fell to 6.7%, the lowest since September 2021. It's been helped by upbeat corporate commentary and an improvement in consumer confidence," said Angelo Kourkafas, investment strategist at Edward Jones in St. Louis referring to Nike and FedEx. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. On U.S. exchanges 9.81 billion shares changed hands, compared with the 11.16 billion average for the last 20 sessions.

FedEx Corp (FDX.N), which sparked a market selloff in September after pulling financial forecasts, provided financial guidance and announced plans for $1 billion cost cuts. U.S. consumer confidence rose to an eight-month high in December as inflation retreated and the labor market remained strong while 12-month inflation expectations fell to 6.7%, the lowest since September 2021. It's been helped by upbeat corporate commentary and an improvement in consumer confidence," said Angelo Kourkafas, investment strategist at Edward Jones in St Louis referring to Nike and FedEx. The smallest gainer among the sectors was consumer staples (.SPLRCS) but it was still up 1%. The S&P 500 posted 5 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 49 new highs and 211 new lows.

☆ Career advice from a Fortune 500 CEO: ‘Go into places and experiences that make you uncomfortable’
▼ + stars: | 2022-12-19 | by ( Gili Malinsky | ) www.cnbc.com time to read: +4 min

Now the CEO of financial services Fortune 500 company Edward Jones, Pennington grew up in Nashville, Tennessee, both her parents executives in their fields. Pennington went to the University of Virginia to study finance and ended up working in investment banking for 14 years before getting hired at Edward Jones in the year 2000. She became CEO in 2019 and is now one of just 9% of CEOs in the Fortune 500 who are women, according to the Women Business Collaborative. Here are four pieces of career advice Pennington has for those wanting to find success in their career, whether that's at the top of a trillion-dollar company or not. "Go into places and experiences that make you uncomfortable," she says, adding that, "that's where the growth comes.

☆ There is a period of volatility ahead of us, but it could be short-lived, says Edward Jones' Mahajan
▼ + stars: | 2022-12-14 | 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 EmailThere is a period of volatility ahead of us, but it could be short-lived, says Edward Jones' MahajanDavid Kelly, Mona Mahajan and John Bellows join 'Power Lunch' to discuss market reaction to the latest Fed policy update, the dissonance between dot plot findings and the market and the transition from defensive portfolios to recovery portfolios.

☆ Walmart shoppers are flocking to stores for cheap groceries, while website visits languish — proving how vital its stores are in a tough economy
▼ + stars: | 2022-12-14 | by ( Ben Tobin | Alex Bitter | ) www.businessinsider.com time to read: +6 min

But while online shopping has dipped this year, more people have been flocking back to Walmart stores. According to estimates from Placer.ai, a location-data company, Walmart stores saw a 1% increase in the average number of daily shoppers through December 4 compared to the same year prior. But those customers are typically not buying food online, according to Yarbrough. Online food sales slowing across retailersWalmart is the top US grocer. The membership platform that launched in 2020 incentivizes online shopping by offering free delivery.

☆ Want to earn more and work less? Watch 'I Will Teach You To Be Rich' self-made millionaire share his secrets
▼ + stars: | 2022-12-12 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Learn how to increase your earning power at the inaugural CNBC Make It: Your Money virtual event, which will be livestreamed here on Tuesday, Dec. 13, at 12pm ET. Guests include successful entrepreneurs and financial icons, who will share their money-making tips and insights during the hour-long webcast. Then CNBC's Kristina Partsinevelos will speak with a panel of millennial entrepreneurs who have grown their creative side hustles into six-figure businesses. RSVP now to the free virtual event, and check back here on Tuesday, Dec. 13, at 12pm ET to watch it live. Disclosure: CNBC owns the exclusive off-network cable rights to ABC's "Shark Tank."

☆ Commodity-linked stocks push TSX to fresh two-week highs
▼ + stars: | 2022-12-08 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

[1/2] A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. ET (1540 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 66.9 points, or 0.33%, at 20,040.12. The materials sector (.GSPTTMT), which includes miners of precious and base metals, climbed 0.8% on higher metal prices. "Given the magnitude of the rate hikes, they want some time to evaluate how that's going to impact the economy." Among single stocks, Parkland Corp (PKI.TO) gained 5.9% after the food and fuel retailer posted its 2023 outlook.

☆ Senate Banking Chairman Brown to introduce bill closing 'shadow' banking loophole after Elon Musk says Twitter will process payments
▼ + stars: | 2022-12-06 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Senate Banking Committee Chairman Sherrod Brown will introduce a bill Tuesday that aims to close the so-called shadow banking loophole that allows retail and tech companies to offer banking services without the same stringent oversight as other financial institutions. Twitter is one of several non-bank companies that sought to enable banking services for users through state-chartered ILCs. Jack Dorsey, Musk's predecessor at Twitter, also was involved in financial services through his separate payments company Square. Other companies that have applied for ILC charters include eCommerce marketplace Rakuten, Ford Motor Company and financial services firm Edward Jones . The Federal Deposit Insurance Corporation approved ILC deposit insurance applications for Square and Nelnet, a student financial services company, in 2020.

☆ Watch CNBC's full interview with JPM's David Kelly and Edward Jones' Mona Mahajan
▼ + stars: | 2022-12-02 | 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 EmailWatch CNBC's full interview with JPM's David Kelly and Edward Jones' Mona MahajanDavid Kelly, JP Morgan Asset Management chief global strategist, and Mona Mahajan, Edward Jones senior investment strategist, join 'Squawk on the Street' to discuss if Friday's jobs data alters Kelly's soft landing picture, what next year holds for equity markets and more.

☆ Jobs market still moderating and Fed will have an excuse to taper rate hikes, says JPM's Kelly
▼ + stars: | 2022-12-02 | 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 EmailJobs market still moderating and Fed will have an excuse to taper rate hikes, says JPM's KellyDavid Kelly, JP Morgan Asset Management chief global strategist, and Mona Mahajan, Edward Jones senior investment strategist, join 'Squawk on the Street' to discuss if Friday's jobs data alters Kelly's soft landing picture, what next year holds for equity markets and more.

☆ Toronto market seen higher if economic downturn not too severe: Reuters poll
▼ + stars: | 2022-11-29 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

"If the downturn doesn't prove to be severe, equity markets could stabilize even as economic data and earnings underwhelm," said Angelo Kourkafas, an investment strategist at Edward Jones in St. Louis, Missouri. Canada's economy is likely to be particularly sensitive to higher rates after households borrowed heavily during the pandemic to participate in a red-hot housing market. "While corporate earnings will likely continue to decline for many industries, we see continued growth in earnings across most commodities," said Arthur Salzer, chief executive officer of Northland Wealth Management. Adding to investor enthusiasm, the TSX last Wednesday closed above the 200-day moving average for the first time since May 4. (Other stories from the Reuters global stock markets poll package:)Reporting by Fergal Smith; polling by Susobhan Sarkar and Sarupya GangulyOur Standards: The Thomson Reuters Trust Principles.

The transaction is also fraught with regulatory risks, analysts said, though RBC argues that HSBC's Canada business accounts for just 2% of Canadian banking market share. The finance minister has the authority to impose any terms and conditions, the finance department said in a statement. "This regulatory assessment isn't likely to be completed for some time," Calvin Goldman, former commissioner of Canada's competition bureau, told Reuters, referring to the latest deal. QUICK MOVEDespite the expected regulatory risks, RBC was keen to move quickly. RBC is paying 9.4 times HSBC's 2024 adjusted earnings, which KBW analysts said was a steep price, though offset by savings potentials.

The Dow Jones industrial average (.DJI) for example had risen more than 10% in the last month and almost 20% since September. "Some of this is just a bit of consolidation from the last few weeks," she said, noting that stocks had taken a leg lower when Treasury yields gained and oil prices switched from red to green on Monday as the prospect of higher oil prices brought inflation concerns back to the forefront. Along with inflation trends, investors are also monitoring Federal Reserve commentary for any clues on its future rate hiking path. Earlier, U.S. crude oil futures had fallen to December 2021 levels on concerns about demand in China - the world's biggest crude importer. A view of a giant display of stock indexes, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 24, 2022.

☆ The dream of plant-based meat in fast food may already be dead
▼ + stars: | 2022-11-23 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

Fast food chains have experimented with plant-based proteins for years with limited success. Plant-based meat is too expensive and adds too much complexity for widespread fast food adoption, an analyst said. Despite some exceptions like Burger King's Impossible Whopper, plant-based fast food menu items have largely been featured as limited-time offerings. It's "very hard" to convert meat eaters to plant-based meat, he said. Plant-based meat isn't likely to disappear from fast food menus, but it's also not going to replace beef.

☆ 'Boomerang CEOs' don't always work out; Disney hopes this one bucks trend
▼ + stars: | 2022-11-22 | by ( David Randall | ) www.reuters.com time to read: +5 min

NEW YORK, Nov 22 (Reuters) - Can Walt Disney Co (DIS.N) bank on another hit sequel? That appears to be the hope behind the company's surprise decision to bring back former chief executive Bob Iger to replace Bob Chapek. During his first tenure from 2005 to 2020, Disney's annualised shareholder returns were more than 14%, well above its rival Comcast Corp (CMCSA.O) and the broader stock market, and in total in that period the stock rose more than 400%. Yet there are reasons to think that Disney may have made the right decision in bringing back Iger, Bingham said. “I think this is a game-changer," said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, about Disney.

☆ We expect a relief rally in tech growth sector, says Edward Jones' Mona Mahajan
▼ + stars: | 2022-11-22 | 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 EmailWe expect a relief rally in tech growth sector, says Edward Jones' Mona MahajanMona Mahajan, senior investment strategist at Edward Jones, joins CNBC's 'Squawk Box' to break down her investment strategies ahead of the open.

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