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Americans are keeping their cars longer amid rising interest rates

Cars, trucks, SUVs, and other vehicles drive in traffic on the 405 freeway through the Sepulveda Pass in Los Angeles, California, on August 25, 2022.Patrick T. Fallon | AFP | Getty ImagesDETROIT — The average age of passenger vehicles on U.S. roadways climbed to a record this year, as car owners hold on to their vehicles longer amid low supplies of new vehicles and sky-high prices.The average age of a light-duty vehicle on U.S. roads rose by more than three months — the highest year-over-year increase since the Great…

Why Toyota is battling criticism it has been too slow to invest in EVs

The world's largest automaker, Toyota, is battling criticism it is behind rivals on electric vehicles, and is even working to try and block the transition to zero-emission electric fleets.But the automaker says it does believe in an all-electric future. It just maintains that future will not reach all of Toyota's markets at the same time.Toyota was once considered a green vehicle pioneer. It introduced the Prius, the world's mainstream hybrid vehicle in 1997. The Prius combined a gasoline-burning engine with an electric…

Jim Cramer likes these 7 consumer discretionary stocks for 2023

CNBC's Jim Cramer on Friday offered investors a list of seven stocks he believes could be great additions to investors' portfolios.The consumer discretionary sector is down about 37% for the year. Companies in this sector tend to suffer during times of economic downturn, since consumers prioritize paying for necessities such as rent or food over discretionary purchases when their budgets are tight.related investing newsBut "while most consumer discretionary stocks have been horrendous this year, we've had some pools of…

Markets need a strong job market, tame inflation

CNBC's Jim Cramer on Friday told investors that stocks could see another strong week of trading, given the right economic conditions."As the year winds down, the holidays will become more and more of a focus. Right now, the forecast is cloudy – too many cross currents. But if the job market stays strong and inflation stays tame, we could be in for still one more very good week," he said.related investing newsJim Cramer's Investing Club meeting Friday: Hot jobs report, Marvell earnings read throughStocks closed up for the…

I like Morgan Stanley over SoFi Technologies

Morgan Stanley: "That's the kind of stock that we like here. ... We are in real companies that make real things, return real capital and Morgan Stanley is one of those."Intuitive Surgical Inc: "I'm now even gun-shy on the 50 times earnings and more stocks, because those are not working. ... Be very careful."AutoZone Inc: "They are still buying back stock. ... I like that stock very much."Gartner Inc: "Gartner Inc is a very good, solid growth stock."SoFi Technologies Inc: "I think this thing is going to make money…

Lennar, Coinbase, Array Technologies and more

A worker at a Lennar home under construction.Justin Sullivan | Getty Images News | Getty ImagesCheck out the companies making the biggest moves midday Monday:D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which have underperformed this year, tend to rebound sooner and more sharply than the broader market. Shares of Lennar rose about 2%, while D.R. Horton gained over 2%, and…

How Powell and the Fed may react to FedEx warning

CNBC's Jim Cramer on Friday said that FedEx's warning of worsening economic conditions suggests the Federal Reserve is doing better in its inflation effort than expected — meaning the central bank could take a step back after its meeting next week."If Fed chief Jay Powell watched our interview last night … he might discover that he's made more progress whipping inflation than he might realize," Cramer said."Maybe Powell will hit us with another 75 basis point hike right here and then say maybe it's time to take a more…

Cramer says there’s a bull market in these 4 industries. Here are his favorite stocks in them

CNBC's Jim Cramer said Thursday he sees a bull market in a couple of industries including agriculture, even as Wall Street remains concerned about signs of a slowing economy. "I think we've got just a plethora of bull markets," the "Mad Money" host said. He added that investors should "be ready to buy into the weakness" standout stocks within them if Wall Street on Friday is spooked by Federal Reserve Chair Jerome Powell, who is delivering highly anticipated speech at 10 a.m. ET. "Another Fed-mandated meltdown could…

Spirit Airlines, BioNTech, Robinhood and more

Check out the companies making headlines before the bell:Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $2.7 billion based on Friday's closing prices, while the most recent JetBlue (JBLU) all-cash offer is worth $3.7 billion. Spirit believes it is unlikely regulators would approve a combination with JetBlue, a notion that JetBlue has disputed. Frontier lost 1.7%…

Coinbase, Spirit Airlines, Robinhood and more

Check out the companies making headlines in midday trading.Spirit Airlines — The budget airline's shares fell more than 7% amid news that advisory firm Institutional Shareholder Services told Spirit shareholders to vote for the proposed merger with Frontier Airlines. It comes after Frontier Airlines upped the cash portion of its offer by $2 a share and increased the reverse break-up fee.Robinhood — Robinhood rose more than 3% after Goldman Sachs upgraded the stock trading company's shares to neutral from sell. That…