ERIE
NASDAQ · Insurance
Erie Indemnity Company-Cl A
$253.88
+3.09 (+1.23%)
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.
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.
Sam's Club Rotisserie Chicken Tops Consumer Reports, Challenging Costco's Iconic $5 Deal
Sam's Club has been named the top pick for rotisserie chicken by Consumer Reports, edging out Costco on price and taste, as Walmart's club segment posts strong Q1 results.
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.