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. Markets: Stocks were selling off to close the week after President Donald Trump threatened a "massive" tariff increase on China amid a dispute over rare earth minerals. Over the summer, Trump cautioned that he would place steeper tariffs on China if it curbed exports of rare earth magnets. This announcement, however, still surprised the m ...

CSX (CSX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 16. On the ...

Key Takeaways Steve Angel succeeded Joe Hinrichs as CSX's President and CEO on September 28. CSX reaffirms strong operations and full-year volume growth guidance despite the leadership change. Angel's 45-year track record and focus on operational excellence align with CSX's growth strategy.CSX Corporation’s (CSX) appointment of Steve Angel as president and chief executive officer marks a pivotal leadership transition for the rail giant. Effective Sept. 28, Angel succeeds Joe Hinrichs, who departs after thr ...

Key Takeaways CSX reopened the expanded Howard Street Tunnel, a $450M project modernizing East Coast freight.The upgrade removes an I-95 bottleneck, enabling double-stacked trains through Baltimore by early 2026.CSX highlights shareholder focus, lifting its quarterly dividend 8% to 13 cents per share in February.CSX Corporation (CSX) announced the reopening of the expanded Howard Street Tunnel, a more than $450 million infrastructure initiative set to modernize freight rail service along the East Coast. The ...

One year after Hurricane Helene, freight trains return to the Nolichucky GorgeJACKSONVILLE, Fla., Oct. 02, 2025 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today celebrated the reopening of the Blue Ridge Subdivision, nearly a year to the day after Hurricane Helene destroyed large portions of the freight line. Together with its partners, CSX restored the key 60-mile corridor damaged by Hurricane Helene within the Blue Ridge Subdivision that carries more than 14 million tons of freight each year and connects Appal ...

CSX CEO and president Joseph Hinrichs is out at the Class I railroad weeks after an activist investor called on the company to either change leadership or consider a merger. The railroad’s board of directors named Steve Angel its new president and CEO, effective Sunday. More from Sourcing Journal Angel, like Hinrichs, was hired from outside the railroad industry, most recently serving as CEO of industrial gas and equipment provider Linde. CSX’s new chief exec has some industry background, having worked d ...

AI and E-commerce - OpenAI and Stripe have launched "Instant Checkout" in ChatGPT, allowing U.S. users to purchase products directly from Etsy (ETSY) and soon from over a million Shopify (SHOP) merchants, creating a new sales channel and revenue stream for OpenAI [3][7] - Following the announcement, shares of Etsy and Shopify saw an uptick, with Shopify experiencing a 2.5% rise in after-hours trading, indicating market optimism for AI-driven commerce [3][7] Intellectual Property and Creative Industries - OpenAI's new Sora video generator will require copyright holders to opt out if they wish to prevent their copyrighted material from being used in generated videos, raising significant discussions around intellectual property rights in creative industries [4][7] Corporate Leadership Changes - CSX Corporation (CSX) appointed Steve Angel as its new President and CEO, effective September 28, 2025, amidst activist investor pressure, while maintaining its full-year volume growth expectations [5][7] U.S. Pharmaceutical Tariffs - The U.S. will impose 100% tariffs on imported branded and patented pharmaceutical products starting October 1, 2025, with exemptions for companies building manufacturing plants in America, potentially leading to higher drug prices and supply chain reconfigurations [6][7] France's Economic Challenges - France's debt-to-GDP ratio is projected to reach 116.0% in 2025 and 118.4% in 2026, with a budget deficit forecast at 5.6% of GDP for 2025, highlighting significant economic pressure and political instability [8][7]

CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed tran... ...

Leadership Change - CSX Corp. appointed Steve Angel as the new CEO following the unexpected departure of Joe Hinrichs, effective September 28 [1] - The reason for Hinrichs' sudden exit was not disclosed by the company [1] Competitive Landscape - CSX faces pressure from activist investors and increasing competition, particularly from the merger of rivals Norfolk Southern Corp. and Union Pacific Corp., which could create the first transcontinental railroad in the US [2] - In response to competitive challenges, CSX is reportedly working with Goldman Sachs to explore potential deals [2] Investor Relations - Activist investor Ancora Holdings Group has criticized CSX for its performance and has called for Hinrichs' termination if the company does not pursue a merger aggressively [3] - CSX shares rose approximately 3% before regular trading, with a year-to-date gain of about 5.4% [3] Steve Angel's Background - Steve Angel previously served as CEO of Linde from 2018 to 2022 and has a background in locomotive and rail operations from his 22 years at General Electric [4] Strategic Priorities - Angel emphasized his top priorities as ensuring railroad safety, delivering reliable service to customers, and increasing shareholder value [5]

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (collectively with its affiliates, "Ancora†or "we†), a shareholder of CSX Corp. (NASDAQ: CSX) ("CSX†or the "Company†), today issued the below statement. Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora Holdings Group LLC, and James Chadwick, President of Ancora Alternatives LLC, commented: "We applaud the CSX Board of Directors for heeding shareholder feedback and terminating former CEO Joe Hinrichs. This follows Ancora. ...