The bulls returned to Wall Street on Friday after a brief hiatus. In the week ahead, investors from all camps will focus on a series of labor market reports for clues on where the U.S. economy and stock market may go from here. The S & P 500 , Nasdaq Composite and Dow Jones Industrial Average are coming off a volatile, holiday-shortened trading week. Despite a big and broad rally in Friday’s session, the major stock benchmarks all posted weekly losses. The S & P 500 and Nasdaq both lost 0.5%, while the 30-stock Dow dropped 0.6%. The S & P 500 and Nasdaq entered Friday on five-session losing streaks. The Dow had been on a four-day skid. The market was closed Wednesday for New Year’s Day. Sure, it’s now 2025, but “the same stocks that are good are still good,” Jim Cramer said on Friday’s Morning Meeting. He noted that the winners circle in 2024 once again included semiconductor companies such as Club holding Nvidia , our No. 1 portfolio performer last year. The artificial intelligence chip king also was among our top-performing stocks last week, with a 5.7% gain that trailed only oil-and-gas producer Coterra Energy and solar firm Nextracker , which both rose roughly 6.5%. We booked a nearly 1,000% profit when we trimmed some Nvidia shares on Thursday. 1. Nvidia CEO Jensen Huang’s keynote address at the annual CES conference in Las Vegas, set to begin at 9:30 p.m. ET on Monday , is one of the biggest events on the corporate calendar in the week ahead. “The scuttlebutt on the speech is that you’ve seen none of it,” Jim said. “A lot of emphasis, by the way, on total cost of ownership and the return that you get by buying his chips. I think that’s going to change the discussion” and quiet concerns about custom AI processors encroaching on Nvidia’s turf, he added. 2. The employment picture will command the spotlight on the economic front, starting Tuesday morning with the Job Openings and Labor Turnover Survey for November. The closely watched reading, known as JOLTS, measures the tightness or slack in the labor market. Economists expect 7.7 million job openings in November, according to Dow Jones. That would be in line with the prior month. 3. The main jobs event of the week is Friday morning’s nonfarm payroll report for December. The consensus forecast is that the U.S. added 155,000 jobs in the final month of 2024 and the unemployment rate held steady at 4.2%, according to estimates compiled by Dow Jones. In November, nonfarm payrolls expanded by a better-than-expected 227,000 , while the unemployment rate matched forecasts. 4. Before Friday’s official government report, payroll processing firm ADP will release its look at private-sector job creation in the U.S. on Wednesday morning. The ADP report is expected to show that 130,000 jobs were added in December, per Dow Jones. Initial jobless claims also will be released Wednesday, a day earlier than normal, because Thursday is the national day of mourning for former President Jimmy Carter. The U.S. stock market also is closed Thursday. The fresh batch of labor market data will help shape investors’ thinking about the course of Federal Reserve policy this year. A stronger-than-expected December jobs report, in particular, has the potential to reinforce expectations for less supportive monetary policy in the year ahead. In mid-December, the central bank released projections that showed policymakers expect to lower interest rates just twice in 2025 , down from an expectation of four cuts provided in September. The more hawkish stance spooked the stock market, and the S & P 500 remains nearly 2% below its Dec. 17 close, the day before the Fed’s disclosure. We’ll keep a close eye on bond yields for real-time clues on how the market is perceiving the forthcoming labor numbers. Strong data generally lends support for yields. “[Bonds] are reacting to every piece of data. I think that’s because there’s a perception that the economy is actually accelerating, doing well,” Jim explained during Thursday’s Morning Meeting. 5. Modelo and Corona brewer Constellation Brands is the only Club holding set to report earnings this week. The numbers are now due out before the bell Friday, instead of the originally scheduled Thursday, because of the national day of mourning. Analysts expect Constellation to have earned $3.32 cents per share on revenues of $2.54 billion in the three months ended Nov. 30, according to LSEG. We added to our position in Constellation Brands on Tuesday. Within the report, the year-over-year growth rate of its beer business will hold a lot of weight. Investors were not satisfied with the 6% figure in Constellation’s June-to-August period, which represented a slowdown from the 8%, 11%, and 11.8% growth seen in the three prior quarters. Constellation’s struggling wine-and-spirits division also will be in focus. CEO Bill Newlands in October talked about some “green shoots” in some higher-end wine brands, and now we’ll get to see whether there was any sequential improvement in this disappointing segment. There’s plenty more for Constellation executives to discuss on their earnings call. When it comes to President-elect Donald Trump’s proposal for higher tariffs on Mexican imports, we’re curious if management will mention the possibility of securing exemptions. Analysts at Roth MKM floated this possibility late last year , citing an agreement with the Justice Department that effectively requires Constellation to make its Mexican beers in Mexico. The U.S. surgeon general’s new warning on alcohol and cancer risks, which weighed on the stock in Friday’s session, also figures to be a topic of conversation. Week ahead Monday, Jan. 6 10 a.m. ET: Durable Goods and Advance Total Manufacturing report for November 9:30 p.m. ET: Nvidia CEO Jensen Huang keynote at CES Tuesday, Jan. 7 10 a.m. ET: Job Openings and Labor Turnover Survey (JOLTS) 10 a.m. ET: ISM Services for December Before the bell: Apogee Enterprises (APOG) After the bell: Kura Sushi USA (KRUS) Wednesday, Jan. 8 8:15 a.m. ET: ADP Employment Survey 8:30 a.m. ET: Initial jobless claims 2 p.m. ET: FOMC minutes Before the bell: AngioDynamics (ANGO), Helen of Troy (HELE), Simply Good Foods (SMPL), Albertsons (ACI) After the bell: Penguin Solutions (PENG) Thursday, Jan. 9 NYSE and Nasdaq closed for national day of mourning Friday, Jan. 10 8:30 a.m. ET: Nonfarm payroll report 10 a.m. ET: Preliminary Michigan Consumer Sentiment Index Before the bell: Walgreens Boots Alliance (WBA), Delta Air Lines (DAL), Constellation Brands (STZ) After the bell: WD-40 (WDFC) (Jim Cramer’s Charitable Trust is long NVDA, STZ, CTRA and NXT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
“Now Hiring” signage outside a Home Depot store in San Carlos, California, US, on Monday, Nov. 11, 2024.
David Paul Morris | Bloomberg | Getty Images
The bulls returned to Wall Street on Friday after a brief hiatus.
In the week ahead, investors from all camps will focus on a series of labor market reports for clues on where the U.S. economy and stock market may go from here.
Sony Honda Mobility has introduced its AFEELA 1 EV at the Consumer Electronics Show, finally giving a (nearly) full unveil to the car that’s expected to go on sale in California in 2026.
Sony has been teasing us with an EV project for years now, starting back in 2020 with a surprise unveil at its CES keynote. At the time, it was called the VISION-S project and we thought there was no way it would happen… but later Sony partnered with Honda, then the car got the name “AFEELA” in 2023, and a 2026 release date.
Today Sony gave us another annual update of its AFEELA vehicle, though focused its keynote less on it than it has in the past. The roughly 6 minute segment of its CES keynote dedicated to the car didn’t tell us a whole lot of new information compared to past years, but it did give us perhaps the most important information yet: pricing and availability.
The big news today is that the car will be called the AFEELA 1, and reservations are now open at $200 a pop, with a base price of $89,900 for the “Origin” trim, and $102,900 for the “Signature” trim.
Sony didn’t tell us much more about the difference between these trim levels, but there is a short rundown available on the AFEELA website. The additional $13k for the Signature trim gets you more color choices, rear screens (which you can see in our hands-on of the vehicle prototype), a camera rear-view mirror, and larger wheels.
But, perhaps more importantly, it also gets you the car a year earlier, in “mid 2026,” whereas the Origin series is only available in 2027 (strangely, the original cars will not have the origin trim).
But we may learn more later, as the site also claims that “features may vary.” This is certainly not a full spec sheet, so we’re expecting to learn more as time goes on.
In previous keynotes, Sony has touted its expertise in software and entertainment and said that that will help them make a vehicle that better integrates vehicle software to provide entertainment for passengers and guidance for drivers through its “AFEELA personal agent” and electronic drivers aids (and 45 sensors for potential autonomous driving tasks).
One of tonight’s demos included Sony Honda Mobility CEO Yasuhide Mizuno showing off Sony’s “personal agent” features by talking to the car through his phone, after which the car came out on stage, and later left stage in the same manner. Last year, Sony drove the car on stage with a PS5 controller. Sony didn’t promise that this would become a production feature, merely referring to it as a tech demo.
Sony also specified that its “personal agent” and autonomous drive features will be subscription-based, with a 3-year “complimentary subscription” included along with the car, but no information on how much it would cost after that. Sony said that this is “subject to change” – and given the negative public reaction that some car subscription fees have gotten, we think there’s a reasonable chance that change will come.
But there’s one more catch from today’s presentation: so far, reservations are only open in California.
This is something a lot of companies have done before, because California is the state with the most EVs – and also the strictest emissions rules.
Those strict emissions rules require more EV sales than many other states, so companies often choose to sell EVs in California to help offset the emissions of their other, more polluting gas vehicles. This has led to the phrase “compliance car,” referring to compliance with California’s EV rules, to describe cars that are focused more on meeting regulations than on being a serious 50-state effort by an automaker.
While Sony doesn’t have any emissions to offset, Honda does. Honda only recently started selling EVs in the US with the Prologue, which is selling quite well across many states, not just California.
So, it’s a bit weird that either of these companies would focus solely on California, as it doesn’t seem like either of them have to worry about compliance. We reached out to figure out what the timeline would be for other states, and will update you if we find out anything new.
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Thomas Built Buses just launched the second generation of its Saf-T-Liner C2 Jouley electric school bus originally unveiled in 2017 – here’s what’s new.
A Smarter powertrain with Accelera’s eAxle
The second-gen Jouley is all about being more efficient, better performance, and being easier to service. At the heart of it is the 14Xe eAxle from Accelera, Cummins’ zero-emissions brand. This piece of tech combines the motor, transmission, brakes, and rear-drive gear into one compact unit on the rear axle. By ditching the traditional driveshaft, the eAxle is lighter, simpler, and more efficient. It sends power straight to the wheels, which means smoother rides, better acceleration, and improved torque.
Proterra’s 800-volt battery ramps up performance
The Jouley’s new 800-volt Proterra battery helps the bus handle steep hills, accelerate more quickly, and integrate extras like air conditioning and heating without sacrificing performance. This means it can easily handle all terrains, from flat roads to mountainous routes.
Easier to fix and keep running
Thomas Built’s next-gen electric school bus doesn’t just drive better; it’s also easier to maintain. The eAxle’s simplified design means fewer moving parts and centralized components, which cuts down on repair time and costs.
Technicians will appreciate updates like a new 12-by-12-inch floor panel, which gives direct access to high-voltage connectors without having to remove the battery packs. Plus, a relocated heating loop surge tank makes everyday maintenance even simpler. The focus here is to get buses back on the road faster.
Room for more passengers
The second-gen Jouley offers a new 219-inch wheelbase, letting it carry up to 60 passengers, a feature many operators have been asking for. The shorter eAxle also makes the bus easier to maneuver, whether it’s navigating tight school parking lots or fitting into smaller service bays.
A tech-forward driver experience
Drivers will notice the sleek new LCD digital dash, which feels more like a modern car than a traditional school bus. It displays more detailed diagnostics and operational data, with animations that make key info easy to understand. Software updates will roll out new features over time so the bus stays up-to-date without needing hardware changes.
The 219-inch wheelbase version of the Jouley is already in production at Thomas Built’s High Point, North Carolina factory, with more wheelbase options set to roll out in 2025.
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For a while it seemed like a bit of a hail mary, as many thought that most of the industry was already committed to the SAE CCS standard for fast charging.
For a time, though, VW was a holdout. It wasn’t until December 2023 – half a year after Ford’s announcement – that VW committed to switching to NACS in 2025 (though really, they were just waiting for SAE’s certification of the standard, which was completed a few days prior).
Well, now we’re here in 2025, and VW says they’re ready to step up.
Today at CES, VW PR director Mark Gillies confirmed to PC Magazine that “we get access to the network in June/July, when we have an official VW adapter.”
Currently, VW isn’t even listed on Tesla’s NACS page, which mentions that Ford, Rivian, GM, Volvo, Polestar, and Nissan vehicles can all charge on Tesla’s charging network. The only manufacturer currently listed as “coming soon” is Mercedes-Benz, and generally manufacturers have spent a few months on that page before gaining access.
So this is a bit of a surprise announcement from VW, but certainly welcome. Then again, we have witnessed miscommunications in this respect before, so maybe Tesla just didn’t want to jump the gun again, like it did with Nissan. (Update: It turns out VW jumped the gun this time, as a previous version of this article quoted VW saying it will get access in March, not June).
VW’s confirmation today doesn’t specify whether its sub-brands, Audi and Porsche, would be on the same timeline. But since the three brands committed to NACS in a joint announcement, it stands to reason that they could be on the same timeline to get access and adapters.
Update: A previous version of this article stated that VW cars will get access in March, and adapters in June. It turns out, both access and adapters will come in June.
Electrek’s Take
Given that VW was one of the last manufacturers to officially adopt NACS, it’s nice to see them keeping to their timeline – and possibly beating some other manufacturers to the punch too.
This could also be a sign that we’ll start seeing more of a flood of manufacturers getting access soon. The transition is supposed to happen “throughout 2025” after all, and, well, that’s where we are. But the casual nature with which VW has confirmed this timeline suggests that perhaps this transition is really about to get on a roll.
So, look forward to having a lot more interesting sights to see at Superchargers, as the menagerie gets more varied throughout the year.
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