Finance news summaries — Page 18
Essential facts and source links for recent finance stories.
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Zumiez scales back fiscal 2026 closure plan to about 16 stores
Zumiez plans to close about 16 stores in fiscal 2026—10 in North America and six internationally, down from an earlier plan for 25. The retailer's second-quarter sales fell 2.5% to $209 million, with CEO Rick Brooks citing weak U.S. footwear sales and lower traffic. -
Motley Fool ties Tesla's $1.2 trillion valuation to Robotaxi and Optimus hopes
Motley Fool flags Tesla's slower growth, a possible competitive edge, and a $1.2 trillion valuation tied to Robotaxi and Optimus hopes. First-half 2026 auto revenue rose 24%; trailing 12-month company sales were only 10% above their level three years earlier. -
Apple Card Savings raises variable APY to 3.5%; existing accounts update automatically
Apple Card Savings raised its APY to 3.5% on Sept. 22, from 3.4%, partly reversing cuts in April and June. Existing accounts get the change automatically. A $1,000 balance held for a year would earn about $35 at 3.5%, versus $34 before, according to MacRumors. -
AutoZone’s quarterly earnings per share beat estimates, but revenue missed
AutoZone’s fourth-quarter revenue rose 5.6% to $6.59 billion, missing the $6.7 billion consensus, while earnings per share climbed 15.1% to $56.05, above the $53.84 estimate. Tariff refunds boosted gross margin by 145 basis points, a roughly $100 million windfall. -
Rafael Santana cuts his Westinghouse Air Brake stake by 2,183 shares in $612,000 sale
Westinghouse Air Brake Technologies CEO Rafael Santana sold 2,183 shares for $612,000 across Sept. 1 and 2, an SEC Form 4 filing shows. He held 117,242 shares directly afterward, valued at $32.8 million using the Sept. 2 closing price. -
TIC Solutions adds three businesses amid record backlog, net loss and $1.6B debt
TIC Solutions acquired we-do-IT, GeoVerra and Core Group on Aug. 18; the cash-funded deals add about $90 million in annualized revenue. Its backlog hit a record $1.18 billion in Q2, while the company reported a $13.3 million net loss and $1.6 billion in term debt. -
Bitcoin climbs past $85,000 as Benjamin Cowen admits his call was wrong
Crypto analyst Benjamin Cowen said on Sept. 21 he was wrong to expect Bitcoin’s cycle low still lay ahead after the cryptocurrency rose past $85,000 this week. On Sept. 4, he gave a 65% chance that the low was still to come, with some scenarios pointing as low as $44,000. -
Insider Monkey says Intel's rally leaves little room for setbacks
Intel shares closed at $123.86 on Sept. 22, after trading below $30 within the past year. Insider Monkey says improving production and demand are offset by ongoing losses and a foundry reliant on Intel's own orders, leaving little room for delays at the current price. -
Brent gains 3.86%, outpacing WTI as Pezeshkian vows Iran won't surrender to the US
Brent crude settled 3.86% higher at $103.08 a barrel on Wednesday; U.S. WTI rose 1.81% to $92.16. Traders weighed Iranian President Masoud Pezeshkian's vow not to surrender to the United States, though he said Tehran still believes in diplomacy. -
Oracle’s planned 50,000-GPU cloud deployment tests AMD’s $1 trillion valuation
AMD's market value topped $1 trillion for the first time on Sept. 21 after its shares rose about 10%. Oracle's announced 50,000-MI450-GPU cloud cluster is set to begin deployment in Q3 2026, testing whether AMD can turn the deal into sustained share gains. -
Energy Transfer leads Enterprise on yield as both expand distributions
Energy Transfer yields 6.4% and plans 3%-5% annual distribution growth; Enterprise Products Partners yields 5.8% and has raised its payout for 28 straight years. The company forecasts double-digit EBITDA and distributable cash-flow growth in 2027 as projects ramp up. -
Worthington starts fiscal 2027 with sales up 13% to $344 million
Worthington Enterprises posted fiscal Q1 2027 sales of $344 million, up 13% year over year and 7% organically. Adjusted EBITDA rose 10% to $74 million, adjusted EPS increased to $0.82 from $0.78, and free cash flow nearly doubled to $54 million. -
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. -
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. -
Bentley unveils first EV, Torcal SUV, with 876-hp S version
Bentley unveiled the all-electric Torcal SUV, its first EV and fourth model line. The S version makes 876 hp and hits 60 mph in 2.8 seconds; range is up to 375 miles under WLTP, while pricing, not announced at launch, is estimated at about $250,000. -
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. -
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. -
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. -
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. -
Yahoo Finance panel debates giving Meta’s Muse access to financial details
Yahoo Finance panelists debated giving Meta’s Muse access to passwords or financial information. One said a friend refused when Muse prompted him for a password; another proposed a separate computer or bank account to limit AI access.
