Economy news summaries — Page 10
Essential facts and source links for recent economy stories.
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Iridium shareholders face Sept. 24 vote on Rocket Lab’s $8.1 billion deal
Iridium shareholders are due to vote Sept. 24 on Rocket Lab’s proposed acquisition. CEO Peter Beck says Iridium’s operating satellite communications network and recurring subscriber revenue would expand Rocket Lab beyond rockets and spacecraft. -
Hershey, McDonald’s and NetEase near 52-week lows, with yields up to 3.45%
The Motley Fool flags Hershey, McDonald’s and NetEase as dividend payers trading near 52-week lows, with forward yields of about 3.45%, 3.1% and 1.65%, respectively. It links their share declines to cocoa costs, softer U.S. sales and investment losses. -
Redwire and Rocket Lab: potential to double by 2027, says Motley Fool
A Motley Fool analysis says Redwire and Rocket Lab shares could double by 2027, presenting them as alternatives to SpaceX. Redwire builds space and defense infrastructure; Rocket Lab is expanding into satellite systems and a larger launch market. -
Einride announces Nvidia collaboration alongside a plan for about 500 Tesla Semis
Einride announced a strategic collaboration with Nvidia around its DRIVE Hyperion platform on Sept. 21, while its separate fleet plan calls for about 500 Tesla Semis. Management has discussed a 1,500–2,000-vehicle fleet by 2028; shares closed at about $3.75. -
Hubble Network’s $200 million Series C values it at $1.6 billion
Seattle-based Hubble Network raised $200 million in a Series C round valuing the satellite Bluetooth startup at $1.6 billion and opened its constellation to general availability Wednesday. It plans to grow from six operating satellites to 60 by 2030. -
Michael Burry puts AI hyperscalers’ commitments above $3 trillion
Michael Burry estimated in a Sept. 19 Substack post that Amazon, Meta, Alphabet, Microsoft and Oracle have more than $3 trillion in combined AI-related obligations. He warned that long-lived data centers could be mismatched with rapidly changing chip technology. -
ATI executive Timothy Harris sells $3.5 million in shares under trading plan
ATI Senior Vice President Timothy J. Harris sold 16,500 shares for about $3.5 million on Aug. 31, according to an SEC Form 4 filing. The sale was made under a Rule 10b5-1 plan he established May 21; he retained 130,187 directly held shares. -
Medtronic lifts fiscal 2027 outlook as analysts debate a stock re-rating
Medtronic raised its fiscal 2027 organic revenue growth forecast to 7.25%-7.75% after Q1 organic sales rose 13.7%; it estimated an extra fiscal week contributed $570 million in revenue. Analysts lifted price targets but remain split on whether growth warrants a higher valuation. -
Motley Fool puts potential value of Lilly’s retatrutide above $10 billion
The Motley Fool estimates Eli Lilly’s unapproved retatrutide could be worth more than $10 billion to the company, citing Phase 3 weight-loss results and potential use in severe obesity; Lilly plans to submit an approval application in the first quarter of 2027. -
JetBlue lifts Q3 revenue outlook as analysts lower price targets
JetBlue raised its third-quarter revenue per available seat mile (RASM) growth forecast to 17%–20%, from 12.5%–16.5%, as demand held up despite higher fares. It also raised cost forecasts, and TD Cowen, Barclays, Goldman Sachs and UBS cut their price targets. -
XRP slips to $98.2B market cap after briefly topping $100B
XRP briefly topped a $100 billion market value on Tuesday before profit-taking pulled it back below that level. CoinGecko put the token at $1.56, up 1% over 24 hours; it ranged from $1.54 to $1.66, with a market cap of about $98.2 billion at the time of writing. -
P. Terry’s targets 2027 Webster opening as permit points to possible Katy site
P. Terry’s is building a drive-through and dine-in restaurant at 18705 Gulf Freeway in Webster; site utilities are complete and crews are ready to pour the foundation. The chain says it should open in the second quarter of 2027 as its sixth Houston-area location. -
Panelists disagree on GLP-1 drugs’ possible impact on food stocks
Market Hang panelists disagreed on how GLP-1 weight-loss drugs may affect food stocks: one said snack brands already show an impact, while another said Cava and Chipotle could benefit. One panelist said food companies report no effect on results yet. -
DoorDash agrees to $131.5 million NYC settlement covering 264,000 Dashers
DoorDash’s $131.5 million New York City settlement covers about 264,000 Dashers underpaid, unpaid or paid late from April 22, 2022, to June 28, 2026; $12.3 million is for missing or late pay. Workers need not file claims, and payments start in fall 2026. -
Cramer says Micron’s valuation explains Charitable Trust’s large holding
Jim Cramer said he would not sell Micron Technology shares to lock in gains, calling the stock “incredibly cheap” at about 13 times earnings and perhaps six times next year’s earnings. He said that valuation underpins a “giant position” in the Charitable Trust. -
A Motley Fool analysis sees TSMC benefiting from AI data-center spending
Motley Fool says Taiwan Semiconductor Manufacturing (TSMC) could benefit from continued AI data-center spending because it makes logic chips for Nvidia, AMD and Broadcom. TrendForce estimates TSMC generated 72.5% of semiconductor revenue in the segment during Q2. -
Canaan sold crypto for $13.9 million and bought back $5.4 million in ADSs
Canaan sold all 3,952 ETH and 54 BTC for about $13.9 million in late August, using about $5.4 million to repurchase 13.6 million American depositary shares. Q2 product revenue fell to $13.6 million from $71.9 million a year earlier. -
AWS operating margin reaches 39% as backlog nears $500 billion
Amazon Web Services' revenue growth accelerated to 37% year over year in the second quarter of 2026, while its operating margin reached 39%. AWS had a backlog of nearly $500 billion and generated 60% of Amazon's operating profit that quarter. -
Jessica Inskip says social media can signal demand and investor sentiment
StockBrokers.com’s Jessica Inskip says social media can flag consumer demand and investor sentiment; she cited the Apple Neo MacBook going viral before analysts noticed it. She said viral posts warrant further investigation, not investment decisions on their own. -
BlackRock says AI commerce could boost demand for digital assets
BlackRock says AI agents could boost demand for digital assets because they need machine-ready payment systems. Meta and PayPal announced users will be able to shop through Muse across PayPal’s worldwide merchant network, but didn’t say checkout would use PYUSD. -
LA and Orange County gas averages top $6.24 after 36-day rise
Los Angeles County’s regular-gas average reached $6.258 a gallon Wednesday, its highest since October 2023, while Orange County hit $6.246, its highest since September 2023. Both prices have risen for 36 straight days, gaining 61.6 cents in LA and 67.1 cents in Orange County. -
Jim Paulsen's new gauge points to tight US conditions and weaker growth
Economist Jim Paulsen says his new US financial-conditions gauge is in its most contractionary quartile, a level that preceded every major US recession since 1970 in his analysis. He expects weaker growth and rising recession fears, but says a recession is not his base case. -
Four price rises in four years push Disney+ Premium to $21.49 a month
Disney+ raised its U.S. Premium ad-free price from $18.99 to $21.49 a month on Sept. 23, a $2.50 increase (about 13%) and its fourth hike in four years. New subscribers pay immediately; existing monthly customers face the higher rate on their next billing cycle. -
Vesting taxes explain eBay CFO Peggy Alford's 2,716-share disposal
eBay CFO Peggy Alford disposed of 2,716 shares on Sept. 15 in an automatic transaction to cover taxes tied to restricted-stock-unit vesting, according to a Form 4 filing. The shares were valued at about $293,000; she held 26,188 shares directly afterward. -
S&P 500 history pairs roughly 10% annual returns with steep declines
Since its 1957 launch, the S&P 500 has returned roughly 10% annually. Its average largest intra-year correction since 1980 was about 14%, while bear markets have come about every six years with average losses of 33%. Past performance does not predict future returns. -
Costco expands Uber Eats delivery to nearly 600 locations
Costco and Uber expanded their Uber Eats partnership to nearly 600 Costco locations in 47 states, up from 17 states. TheStreet's analysis says app-based delivery could reduce warehouse visits and impulse purchases, potentially hurting sales; it reports no such decline. -
Micron’s AI boom faces valuation, spending and Taiwan labor risks
Micron shares have climbed more than 500% in a year, but The Motley Fool flags risks from high expectations for AI-memory growth, tens of billions in fab investment and Taiwan workers moving toward a strike vote after mediation failed. -
Retirees can report pensions and IRA withdrawals on card applications
A retired applicant says he expected a store-card denial because his credit reports were frozen. Columnist Quentin Fottrell says retirees can report pensions, Social Security, investment returns and estimated IRA or 401(k) withdrawals as income.
