BREWED BEHAVIOUR
Lifestyle, Fitness, Health, and more.
The Contract Reprices in October
J.B. Hunt does not usually give intra-quarter guidance. On Wednesday its chief financial officer, Brad Delco, told the Morgan Stanley Industrials conference that third-quarter earnings would fall five to ten percent from the second quarter. The stock dropped 13.3 percent, one of its worst days since the 1983 flotation, and dragged Old Dominion, Knight-Swift, XPO, Schneider, Landstar and RXO down with it. The arithmetic is unusually clean....
The Clause That Was Meant to Protect You
CT Automotive makes dashboard panels, air vents, armrests and cup holders for manufacturers including Nissan, Ford, Volkswagen and Bentley. Its shares fell more than 21 percent on Wednesday to 26p. The half-year numbers alone would not have done that. Revenue rose 14 percent to $61.7 million, driven by strong demand and the launch of new programmes at the group's Mexico facility. Six new contracts were signed in the half, worth around $6...
Handing the Keys to the Landlord
Pulley will cease all operations on 8 December. The company told customers this week, ending a seven-year run at cap-table management, the software startups use to track who owns what. It had raised more than $50 million from Founders Fund, General Catalyst, Stripe and 8VC. Founder Yin Wu, who started it after selling her Android app Echo to Microsoft in 2015, delivered the news herself. Her line on LinkedIn was not an apology. Though this is...
Slow Down, and Also, We Are Raising
OpenAI has held early talks with large investors about a capital raise that would value it at roughly $1.2 trillion ahead of a public offering, the Financial Times reported, picked up by Reuters on 15 September. The talks are at an initial stage and the figure may not hold. No amount, terms, investor list or closing date has been set. The detail that makes it interesting is who started the conversation. Investors approached OpenAI, not the...
The Premium Widened While the Price Stood Still
Organic fruit and vegetables cost 59 percent more on average than conventional, according to a LendingTree analysis of United States Department of Agriculture price data. The average American household spent just under $8,000 on groceries in 2024. The movement matters more than the level. Organic produce prices rose ten percent between January 2025 and January 2026. Conventional produce prices changed little over the same period. For individual...