El Campo resort wins OHI’s 2026 park innovation award
El Campo Lost Lagoon RV Resort was named the Independent Medium Park Innovator of the Year.
Business & Economy
Jobs, labor, companies, prices, investment, markets, trade, agriculture, energy, and consumer economics.
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China’s goods trade grew 20% through October as imports led
China’s goods trade reached 44.81 trillion yuan through October. Imports grew faster than exports, which remained higher in total value.
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Wendy’s rejects $7.35 bid and adopts 15% rights plan
Wendy’s rejected a nonbinding cash proposal from a Trian-led group and adopted a rights plan covering certain unapproved acquisitions at a 15% threshold, including specified derivative exposure.
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McDonald’s U.S. comparable sales fell 0.2% in Q3 2026
U.S. comparable sales declined while the global measure and both international segments grew. Revenue, net income and diluted earnings per share also increased.
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Leidos raises 2026 non-GAAP EPS and cash forecasts, trims revenue
Leidos raised its 2026 non-GAAP diluted EPS and operating-cash-flow forecasts while lowering its revenue range. Third-quarter revenue and net income both rose year over year.
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Trump plans to end South Africa, Rwanda’s AGOA access in 2027
The planned Jan. 1, 2027, change falls within AGOA’s extension through Dec. 31, 2028; neither country has yet been removed.
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PJM would tie backstop power costs to large-load growth
PJM proposed assigning costs for a one-time power procurement according to each zone’s contribution to large-load growth. The amended terms still need FERC approval.
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Greensboro jobless rate fell as employment and labor force shrank
Greensboro’s unemployment rate fell to 3.6% in September, but the number of employed residents was 522 lower than a year earlier.
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NW Natural rates took effect; $6.30 estimate assumes 54 therms
NW Natural’s residential rate increase is estimated at $6.30 monthly for customers using 54 therms. Actual bill impacts vary with use.
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Hillcrest names first two retail tenants in Sandy Springs
Salted Melon and Chastain Creamery are planned for the Sandy Springs project, with summer 2027 reported as the businesses’ opening target.
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SK hynix revenue tops 100 trillion won as operating profit sets record
SK hynix reported preliminary third-quarter revenue of 104.6155 trillion won and record operating profit. Net income rose sharply year over year but fell 58% from the previous quarter.
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Singapore-Saudi crude storage targeted for second half of 2027
Singapore and Saudi Arabia plan to store Saudi crude at Jurong Rock Caverns from the second half of 2027, but their initial memorandum of understanding is nonbinding.
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Kering lifts 2026 store-closure target to at least 125
Kering raised its 2026 net-closure objective from 100 to at least 125 after reporting 105 net closures in the first nine months. Third-quarter comparable revenue fell 1% for the group and 6% for Gucci.
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Thousands of California state workers walk off job in one-day strike
SEIU Local 1000 members struck statewide on Oct. 21, including at Sacramento worksites. The statewide turnout was not precisely counted, and no Sacramento-specific count was reported.
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Pathos AI raises $237 million at reported $3 billion valuation
Bristol Myers Squibb led Pathos AI’s Series E. The round was smaller than its 2025 financing, while its reported post-money valuation was higher.
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Michigan unemployment holds at 5% as household employment falls
Michigan’s September jobless rate stayed at 5%, while household employment fell 27,000 and payroll employment dropped 6,300.
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Molina raises 2026 GAAP forecast as Q3 profit falls 52%
Molina raised its minimum 2026 GAAP earnings forecast to $2.38 per share as third-quarter net income fell to $38 million.
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Labor Department says tipped-work guidance has no 80/20 cap
A Labor Department bulletin withdrew three opinion letters and said current guidance focuses on whether duties relate to a tipped occupation, not a fixed share of work time.
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Modern Wealth to Acquire Lodi Firm With $330 Million in Assets
Modern Wealth says 4thGEN’s three advisors and two support staff will join the firm. The announced deal follows a September acquisition in Auburn.
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Idaho payroll jobs rise as labor force and employment decline
Idaho added 700 nonfarm payroll jobs in September, while the labor force and employment counts fell. The unemployment rate held at 3.6%.
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Netflix profit rises 44% as ad forecast falls to $2.7 billion
Netflix’s third-quarter profit and operating margin rose, while it lowered its 2026 advertising-revenue forecast by about $300 million. Its full-year revenue outlook remains close to the midpoint of its previous range.
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Gasoline drove more than half of September’s 0.6% CPI rise
U.S. consumer prices rose 0.6% in September and 3.7% over the year. The gasoline index jumped 9.1% for the month, while monthly core CPI remained at 0.3%.