Citi believes Union Pacific looks “too compelling to ignore.” Analyst Ariel Rosa upgraded the railroad to buy from neutral. He also raised his price target to to $251 from $250. Rosa’s revised forecast is approximately 17% above where Union Pacific closed on Friday. Rosa pointed to more clarity on Union Pacific’s planned merger with fellow…
Maskot | Maskot | Getty Images More drivers across the country are “underwater” or “upside down” on their auto loans — meaning they owe more money than the car is worth. That’s costing them when it comes time to buy a new car. About 26.6% of trade-ins toward new car purchases had negative equity in…
It was a stellar week for stocks as Wall Street speculated on the Federal Reserve’s upcoming and highly anticipated interest rate decision and what comes next. The S & P 500 and Nasdaq each hit multiple record highs since Monday. A mixed bag of economic data, along with a blowout earnings report from Oracle ,…
“Triumph of the Optimists” is a landmark history of investment returns during the 20th century. The story of past several weeks in markets could be called, “Redemption of the Cautious Optimists.” From the start of August, after a startling weak jobs report, the markets locked into investors’ preferred scenario: The Federal Reserve would soon lower…
Apple CEO Tim Cook told CNBC’s Jim Cramer why his company is investing $2.5 billion to manufacture glass in Corning‘s Kentucky factory, praising the company’s technology. “This is the place to put it,” Cook said of his investment in Corning. “I feel very confident in that, because when you look at innovation, when you look…
My top 10 things to watch Friday, Sept. 12 1. Markets were relatively muted on Friday. But it has been a strong week, with the S & P 500 hitting new highs in response to economic data that suggests the Federal Reserve will need to be more aggressive with interest rate cuts over the next…
U.S. Secretary of Commerce Howard Lutnick speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, U.S., Sept. 11, 2025. Brendan McDermid | Reuters Commerce Secretary Howard Lutnick said Thursday that the U.S. will equally share profits with Japan from projects funded by the Asian country…
Investors should not waste any time moving out of excess cash ahead of the anticipated Federal Reserve rate cuts, many on Wall Street are warning. The central bank is expected to start decreasing rates at its meeting next week after being on pause since December. The market is pricing in 90% odds of a 25…
Wells Fargo CEO Charles Scharf said Wednesday that while corporations and higher-income consumers are thriving, lower income Americans are struggling to stay afloat. The bank’s data shows that “companies are in really great shape” and spending and debt repayment rates among all income levels has been steady, but there are signs of stress among lower…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update : Stocks are slightly higher on Tuesday in what’s generally been an up-and-down session. The big banks are having a strong day thanks to…
