ERIE
NASDAQ · Insurance
Erie Indemnity Company-Cl A
$285.63
+5.67 (+2.03%)
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.
SpaceX Secures $40B GPU Debt for Q1-Q2 AI Deliveries
SpaceX has closed $40 billion in debt financing for GPU purchases, with deliveries slated for Q1 and Q2, according to Elon Musk. The AI buildout continues to dominate capital spending.
Generac's Amazon Deal: $2.4B Deliveries, $8B Warrant Trigger
Generac's Amazon agreement includes $2.4B in expected deliveries for 2027-2028, while the $8B figure is a warrant vesting threshold, not an order commitment. Shares surged 35% premarket.
Strategic Oil Reserve at 44-Year Low as Exchange Deliveries Continue
The US Strategic Petroleum Reserve fell to 285.36 million barrels, the lowest since 1982, as emergency exchange deliveries continue. Oil prices remain above $100 per barrel.
Trump Urges Ukraine to Stop Strikes on Russian Refineries, Diesel Shortage Persists
President Trump urges Ukraine to stop striking Russian refineries, citing global diesel shortage. IEA data shows a 1.6 million bpd supply gap persists.
Apple Watch Series 12 Holds $399 Price; Wearables Slump to 7% of Sales
Apple's Watch Series 12 retains its $399 starting price, but wearables now contribute only 7% of total sales. With modest growth, the device may boost retention more than revenue.
Apple Watch Series 12 Launches at $399; Health Features Aim to Lift Sales
Apple Watch Series 12 debuts at $399, bringing advanced health tracking to the mainstream. Shares of Apple (AAPL) slipped 1.19% as investors weigh upgrade potential.
Airbus Stock Climbs 1% as A330neo Deliveries Resume; 870-Jet Target Looms
Airbus shares gained 1% after A330neo deliveries resumed, but the company faces a steep climb to meet its 870-jet target, requiring nearly 99 deliveries per month.
Garmin Launches Fenix 9 Series Amid Outdoor Segment Headwinds
Garmin introduces the fēnix 9 series with premium pricing to counter a 2% dip in Outdoor segment revenue, while maintaining strong gross margins.
ADT Stock Wavers as Outage Queries Spike 200%, Recurring Revenue Holds at $360M
ADT shares slipped as 'ADT down' searches tripled, but no systemwide outage was confirmed. The company's recurring monthly revenue remains solid at $360M.
Apple's $602B Valuation Gap: Jefferies Downgrade Sparks Sell-Off
Jefferies downgraded Apple to Sell, setting a $263.66 price target that implies a $602 billion valuation gap. Despite strong Q3 earnings, concerns over the iPhone roadmap weigh on shares.
Apple Faces Downgrade as Jefferies Flags iPhone Margin Risks
Jefferies downgraded Apple to Underperform, cutting its price target to $263.66, citing iPhone margin concerns despite a strong Q3. The stock fell 1.5%.
Apple Drops $97B After Jefferies Downgrade on iPhone Concerns
Apple (AAPL) lost about $97 billion in market value after Jefferies downgraded the stock to Underperform, citing iPhone pricing and margin pressures.
Rivian Faces Uphill Climb as R2 Deliveries Must Nearly Double
Rivian shares gained 4% on Friday, but the EV maker must deliver 42,441–47,441 vehicles in H2 to meet its annual target, a near-doubling of H1 output.
NIO Surges Past Rivals in 2026 Deliveries After July Gains
NIO's July deliveries rose 71% YoY to 35,934 vehicles, helping it overtake Li Auto and XPeng in 2026 cumulative sales. The stock gained 8.7% last week.
Tesla Stock Rises as Q2 Deliveries Offset $3.25 Billion Cash Burn
Tesla stock rose 3.1% to $380.98 after Q2 deliveries reached a record 480,126, offsetting a projected $3.25 billion free cash flow deficit.
Tesla Faces $3.25B Cash Burn Despite Record Deliveries
Tesla is set to report Q2 earnings Wednesday, with consensus projecting a negative free cash flow of $3.25 billion, a sharp reversal from positive $1.44 billion in Q1.
Tesla Q2 Deliveries Top Forecasts, Inventory Drawdown Sparks Earnings Debate
Tesla delivered a record 480,126 vehicles in Q2, outpacing production by 28,368 units. The inventory drawdown fuels debate over whether price cuts sustained demand or compressed margins.
Ford Gains as Q2 Sales Outlook Aligns with F-Series Inventory Build
Ford shares climbed 3.4% after Q2 sales data and F-Series inventory levels aligned with market expectations, while analysts await July 28 earnings.
NIO Stock Dips 3.6% as Q2 Deliveries Miss Forecast, All Eyes on ES8 Launch
NIO stock dropped 3.62% to $4.79 after Q2 deliveries of 107,658 missed the company's forecast. June deliveries hit a record 40,597, but ONVO brand slipped. All eyes are on the upcoming ES8 launch on July 9.
Ford Stock Slips as F-Series Inventory Swells Ahead of Q2 Earnings
Ford shares dropped 5.5% last week as Q2 US sales fell 10.3% and F-Series inventory reached 96% of quarterly sales, putting margins in focus.
Sam's Club Tops Costco in Rotisserie Chicken Taste Test, Boosts Walmart's Traffic
Consumer Reports ranked Sam's Club higher than Costco in a rotisserie chicken review. Walmart (WMT) holds two of six top picks, boosting traffic.
Sam's Club Rotisserie Chicken Tops Costco in Taste Test, Giving Walmart a Pricing Edge
Consumer Reports ranked Sam's Club Member's Mark rotisserie chicken higher than Costco's Kirkland Signature, with both priced at $1.66 per pound, giving Walmart a pricing edge.
Tesla Shares Dip Despite Record Q2 Deliveries; Inventory Concerns Loom
Tesla stock dropped 7.49% Thursday after record Q2 deliveries of 480,126 vehicles, as investors weigh inventory dynamics and await Q2 earnings on July 22.
Rivian's $1.8B Rally Priced on 3,000 Extra Deliveries
Rivian stock jumped 8.44% after Q2 deliveries beat estimates and 2026 guidance was raised to 65,000-70,000 vehicles, adding $1.8B in market value for 3,000 extra vehicles at the midpoint.
NIO Shares Drop Despite Record June Deliveries; Revenue Guidance in Focus
NIO shares fell despite record June deliveries as the miss on Q2 guidance raised concerns about revenue per delivery.
Ford Stock Falls as F-Series Supply Piles Up Ahead of Key H2 Test
Ford Motor (F) dropped 2.4% after reporting a 10.3% decline in Q2 U.S. sales, with F-Series inventory piling up to 88 days' supply, raising concerns over potential price cuts.