CSX News & Events

Canadian Pacific Kansas City (CP) and CSX (CSX) announced upgrades to the Southeast Mexico Express premium service featuring faster transit times with more origin and destination options for customers looking to reach new markets. The new SMX premium service schedule and routing options launched May 4, offer transit times between southeastern markets such as Atlanta, Charlotte or central Florida, and markets in Texas and Mexico, including Dallas and Monterrey. The service improvements have reduced transit times for every previously available SMX option. The new SMX dedicated train service provides two-day service between Atlanta and Dallas, with three-day service from Monterrey and four-day service from central Mexico to Atlanta.

The major averages closed broadly lower as investors continue to digest corporate earnings reports as well as developments in the Middle East. Post-print declines from major players such as Tesla and IBM were counteracted by sharp gains from companies like Texas Instruments and American Airlines.Meanwhile, relations between the U.S. and Iran continue to be tense. President Trump ordered the U.S. Navy on Thursday to "shoot and kill any boat" laying mines along the Strait of Hormuz after Iran's navy said it seized two container ships in the strait.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Teslareportedand said in a regulatory filing that it agreed to acquire an "AI hardware company" for up to $2B in Tesla common stock and equity awardsIBMreported better-than-expectedTexas Instrumentsreportedand provided upbeat Q2 guidanceServiceNowprovided areport for Q1American Airlinesreportedand cut its FY25 earnings outlook2. WALL STREET CALLS:BofATexas Instrumentsto Buy on improving earnings powerCSXto Underweight at Morgan StanleyMcDonald'sto Neutral at Rothschild & Co RedburnJPMorganAvisto Underweight on "unsustainable valuation"HSBCof Oklowith a Buy rating and $96 price target3. AROUND THE WEB:Microsoftis offering voluntary buyouts to a small percentage of its workforce, CNBC reportsMeta Platformsplans to cut 10% of its workforce in an effort to boost efficiency, Bloomberg saysVoya Financialis facing pressure from activist investor Toms Capital Investment Management, to consider putting itself up for sale or offloading its underperforming health insurer arm, FT saysSoftBankis seeking a $10B loan secured by its shares in OpenAI, Bloomberg reportsBPshareholders rejected two company resolutions at its annual general meeting, expressing frustration over climate disclosures, with just over a quarter of investors supporting resolution asking BP to explain its oil and gas spending strategy, WSJ says4. MOVERS:Penn Entertainmentgains after, with EPS and revenue beating consensusApplied Digitalincreases afterwith a U.S. based hyperscalerSTMicroelectronicsand Comcasthigher in New York afterSuper Microlower after BlueFin Research said the companywith OracleASGNand KKR Real Estatefall after5. EARNINGS/GUIDANCE:Keurig Dr Pepperand backed its guidance for FY26Thermo Fisherprovidedand raised its outlook for FY26NextEraand reaffirmed its guidance for FY26Mobileye, with its CEO commenting that the results "reflected a stronger than expected start to 2026"Pool Corp, with EPS and revenue beating consensusINDEXES:The Dow fell 179.71, or 0.36%, to 49,310.32, the Nasdaq lost 219.06, or 0.89%, to 24,438.50, and the S&P 500 declined 29.50, or 0.41%, to 7,108.40.