ERIE
NASDAQ · Insurance
Erie Indemnity Company-Cl A
$211.65
-9.49 (-4.29%)
ERIE News30 articles
Amazon Ousts Walmart to Top Fortune 500, Reshaping Corporate Peeking Order
Amazon has claimed the top spot on the 2026 Fortune 500, ending Walmart's 13-year run and signaling a shift in corporate power driven by e-commerce, cloud computing, and healthcare.
Amazon Ousts Walmart as Fortune 500 Leader; Regional Giants Shine
Amazon unseats Walmart as Fortune 500 No. 1, breaking a 13-year streak. Erie Insurance rises, New Jersey boasts 15 firms, and New England has over 20 companies on the list.
Erie Insurance Advances to 308th on Fortune 500 as Revenue Bar Rises
Erie Insurance climbed 15 spots to No. 308 on the 2026 Fortune 500, exceeding a higher revenue threshold, while AM Best flags margin pressure and catastrophe risk for P&C insurers.
Erie Insurance Rises to No. 308 on Fortune 500 Amid Market Headwinds
Erie Insurance advanced to No. 308 on the Fortune 500 with $14.6 billion in revenue, though analysts caution the P&C sector faces pricing pressure and rising catastrophe risks.
Fomo Raises $75M Series B at $550M Valuation to Simplify Crypto Trading
Fomo raised $75M in Series B funding at a $550M valuation to simplify on-chain trading and expand into equities and prediction markets, despite a slump in crypto venture funding.
Crypto App Fomo Secures $75M Series B as Retail Interest Rebounds
Fomo, a consumer crypto trading app, raised $75 million in Series B funding led by Index Ventures at a $550 million valuation, as Bitcoin trades above $64,000 and global crypto search volumes show signs of recovery.
American Airlines Shares Climb After Jefferies Raises Price Target
American Airlines shares gained after Jefferies boosted its price target to $15, citing strong demand and higher fares, while lower oil prices from a U.S.-Iran deal provide tailwinds.
American Airlines Gains as Oil Plunges and Jefferies Boosts Price Target
American Airlines shares climbed 1.6% to $15.71 as oil prices tumbled 5% on Strait of Hormuz reopening hopes, easing fuel cost pressures. Jefferies raised its price target to $15, citing solid demand and higher fares.
Netflix Slips as Jefferies Lowers Price Target, Q2 Earnings in Focus
Netflix shares slipped 1.1% after Jefferies trimmed its price target to $110, citing few near-term catalysts. Investors now focus on Q2 earnings due July 16.
Netflix Edges Up Despite Jefferies Target Cut, Focus on APAC Mobile Launch
Netflix shares edged up 0.9% to $82.13 despite a Jefferies price target cut, as the market focuses on the company's new mobile app features in Asia-Pacific and Q2 margin guidance.
Redwire Stock Drops 8.7% as Jefferies Downgrades on Valuation
Redwire shares plunged 8.7% after Jefferies downgraded the stock on valuation concerns, despite 57.9% Q1 revenue growth and a record $498.1 million backlog.
Redwire's Rally Stalls as Jefferies Downgrades on Valuation Concerns
Redwire shares rose 0.7% after Jefferies downgraded to Hold, warning the stock's 223% YTD rally has outpaced fundamentals. Backlog hit a record $498.1M, but risks remain.
NIO Surges on May Deliveries; June Sales Key to Q2 Target
NIO shares climbed in pre-market trading after May deliveries surged 62.3% to 37,705 vehicles. The company needs 42,939-47,939 June deliveries to meet its Q2 target.
Rivian R2 Deliveries Begin, Stock Rises as Market Eyes June 9
Rivian stock rose 3.9% to $16.95 as investors anticipate the first R2 SUV deliveries on June 9. The company faces profitability challenges and a regulatory probe.
Boeing Q1 Loss Narrows on Stronger Jet Deliveries, Cash Burn Persists
Boeing's first-quarter net loss narrowed sharply to $7 million, beating analyst forecasts, driven by a 14% revenue increase. However, the company continued to burn cash, with free cash flow negative at $1.5 billion.
Boeing Unveils New Satellite Platform, Aims for 26 Deliveries in 2026
Boeing and its Millennium subsidiary introduced the Resolute mid-class satellite platform, with plans to deliver 26 spacecraft in 2026. The move responds to urgent military demands for faster production.
Tesla Q1 Deliveries Fall Short, Inventory Builds Amid Demand Concerns
Tesla reported 358,023 vehicle deliveries for Q1 2026, below analyst expectations, causing shares to drop. Production exceeded deliveries by over 50,000 units, indicating rising inventory.
Nio Q1 Deliveries Surpass Target, Firefly Gains Momentum
Nio's first-quarter deliveries reached 83,465 vehicles, slightly above its forecast, driven by a 136% year-on-year surge in March. The company's Firefly brand posted strong monthly results and is targeting international expansion.
Tesla's Q1 Deliveries Loom as Key Demand Gauge Amid Growth Concerns
Tesla shares gained 4.6% in Tuesday's session, yet the focus shifts to its upcoming quarterly delivery report. Analysts project a decline from Q4 levels, highlighting persistent demand challenges.
Nokia Gains as Jefferies Boosts Target, SEB Cautions Ahead of Q1
Nokia shares advanced in Helsinki trading after Jefferies raised its price target, citing robust optical networking momentum. SEB, however, downgraded the stock to Hold, highlighting valuation concerns following a strong year-to-date rally.
Jefferies Faces Legal Battle, Limits MFS Losses Under $20M
Jefferies Financial Group disclosed that losses from the collapse of UK lender Market Financial Solutions will likely remain below $20 million. The firm also contested a $126.4 million claim from Western Alliance Bancorporation, sparking a legal dispute.
Applied Materials Recovers as Chipmakers Demand Timely Tool Deliveries
Applied Materials shares recovered 1.9% Wednesday, partially offsetting a 5.6% decline from the prior session. A company executive noted chipmakers are pressing for on-schedule equipment deliveries amid strong demand.
Glencore Shares Stabilize as Jefferies Sees Commodity Upside Amid Middle East Tensions
Glencore shares steadied in early London trading after a market slump, with Jefferies analysts pointing to geopolitical risks and inflation concerns as potential tailwinds for commodity stocks. The FTSE 100 fell sharply Tuesday as rate cut expectations faded.
Northern Star Dips as Gold Retreats; Jefferies Boosts Target
Northern Star Resources shares declined 0.8% to A$28.23 as gold prices softened. Jefferies increased its price target to A$35, maintaining a Buy rating.
Fortescue Shares Extend Losses Amid Iron Ore Weakness, Jefferies Cuts Target
Fortescue Metals Group shares declined for a second consecutive session as iron ore prices remained under pressure. Analyst firm Jefferies reduced its price target on the stock.
VNET Shares Surge on Jefferies Upgrade, Power Capacity Expansion
VNET Group's stock rallied in premarket trading following a Jefferies Buy rating, driven by new power capacity in Ulanqab and potential hyperscaler contract. Investors await funding and customer updates ahead of the March earnings report.
Snowflake Shares Surge as Jefferies Defends AI Position, Calls Selloff Overdone
Snowflake stock climbed nearly 5% in extended trading after Jefferies reaffirmed its bullish stance, dismissing recent AI-related concerns as excessive. Investors now await key inflation data and the company's upcoming earnings report.
Snowflake Gains as Jefferies Dismisses AI Concerns, Maintains $300 Target
Snowflake shares rose 3.4% to $174.10 amid a tech rebound, with Jefferies reaffirming a Buy rating and $300 price target ahead of the company's Feb. 25 earnings report.
AppLovin Rebounds as Report Retracted, Jefferies Sees Buying Chance
AppLovin shares surged over 13% after CapitalWatch retracted parts of a critical report. Jefferies maintained a Buy rating with an $860 target ahead of Wednesday's earnings.
AppLovin Surges 12% as Jefferies Sees Dip as Entry Point Ahead of Earnings
AppLovin shares rallied sharply after Jefferies reiterated a Buy rating, calling the stock's recent decline a buying opportunity. Investors now await the company's quarterly results and forward guidance.