This edition of What We Need to Know highlights four stories on Black Americans' progress in politics, business and public safety. Illinois Lt. Gov. Juliana Stratton, who won the Democratic Senate nomination, could become one of three or four Black women serving in the Senate at the same time. In Mississippi, prosecutor Scott Colom is challenging Republican Sen. Cindy Hyde-Smith, while Wave Enforcer, a grooming line from Black-owned Firstline Brands, named rising NASCAR driver Rajah Caruth its first celebrity brand ambassador. Birmingham, Alabama, is on track for its fewest annual homicides since 1951, with homicides down 46% compared to the same period last year, which officials credit to community violence intervention programs and police collaboration.
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- What We Need to Know : Historic Senate Bids , NASCAR Deal & Birmingham Crime Drop
Illinois Lt. Gov. Juliana Stratton has won the Democratic nomination for U.S. Senate, and if elected she could be one of three or four Black women serving in the Senate at the same time; her father was once barred from visiting the U.S. Capitol during segregation. In Mississippi, prosecutor Scott Colom is challenging Republican Sen. Cindy Hyde-Smith in a race centered on economic pressure, lingering inflation and broader community representation. Rajah Caruth has become the first celebrity brand ambassador for Wave Enforcer, a grooming line from Black-owned Firstline Brands, with the brand sponsoring his Chevrolet Silverado in the NASCAR Craftsman Truck Series. In Birmingham, Alabama, homicides are down 46% from the same period last year, putting the city on track for its fewest annual homicides since 1951, which officials credit to community violence intervention programs and police collaboration.
- SpaceX Is Changing: Here's What You Need to Know
SpaceX is shifting toward AI, but its Connectivity division (Starlink) is currently the only one of its three businesses making money, with $13.9 billion in trailing revenue and a $5.3 billion operating profit. Launch cadence may fall from 165 orbital missions in 2025 to as few as 140 in 2026, and lower again in 2027 as Falcon 9 and Crew Dragon are retired, with Starship, carrying about six times Falcon 9's payload, expected to fill the gap. Starship is also the only rocket large enough to carry full-size Starlink V3 satellites, each adding 1 Tbps and 10 times the bandwidth of V2. The article calculates that this could push Connectivity revenue toward nearly $140 billion a year. SpaceX has also spent $8 billion on cellular spectrum licenses and wants Starlink to become a major U.S. mobile carrier rivaling Verizon, AT&T and Comcast.
- XRP Could Hit $3 by 2030. Here Is What Investors Need to Know.
The author argues XRP could reach $3 by or before 2030, but if it does, it would most likely be driven by price speculation rather than fundamentals. At $1.33 on Oct. 14, the token needs a 125.6% gain, which would lift its market cap from $83.8 billion to about $189.4 billion, with 36.9 billion XRP not yet circulating. Demand sources look limited: spot ETFs held $1.8 billion in net assets as of Oct. 14, while digital asset treasury company Evernorth, backed by Ripple, holds 473 million XRP worth $677 million. The article says XRP still lacks a reliable product-market fit, since Ripple's RLUSD stablecoin now handles cross-border corridors, so the author concludes it is not worth buying even though XRP is more likely than not to reach $3 by 2030.
- ExxonMobil’s Refining Profits Are Set to Jump $4.5 Billion. Here’s What XOM Investors Need to Know.
ExxonMobil expects strong refining margins to add $4.5 billion to its energy products segment earnings in the third quarter, after $400 million of external impacts is subtracted. Changes in scheduled maintenance and the extra days in the quarter should add back $300 million. As a result, the segment's earnings are expected to more than double from the second quarter's $4.1 billion, and adjusted company earnings are estimated at about $15.1 billion versus $14.7 billion in the second quarter. The article argues that Exxon's integrated model offset lower oil prices, and that refiners such as Phillips 66, whose stock has more than doubled this year, also benefit. Exxon has raised its dividend for 43 straight years, and its full third-quarter report is scheduled for Oct. 30.
- Meta, Tesla, SpaceX Take Center Stage As Earnings Season Kicks Into High Gear. Everything You Need To Know.
- Investors Heavily Search Alphabet Inc. (GOOGL): Here is What You Need to Know
Alphabet (GOOGL) shares have returned 0.5% over the past month, versus 1.4% for the Zacks S&P 500 composite and 1.7% for the Zacks Internet - Services industry. The consensus EPS estimate is $2.94 for the current quarter (up 2.4% year over year), $20.54 for the current fiscal year (up 90%), and $14.91 for the next fiscal year (down 27.4%). Revenue is expected at $111.55 billion this quarter (up 27.5%) and $434.25 billion for the current fiscal year (up 26.6%). In the last reported quarter, revenue was $103.62 billion (up 26.8%) and EPS was $9.11, with Alphabet beating consensus EPS and revenue estimates in each of the trailing four quarters. Alphabet holds a Zacks Rank #3 (Hold) and a Value Style Score of D, indicating it trades at a premium to peers.
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Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.
- An AI bust could come from places investors arent watching , an economist says
Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.
- Yen jumps after JGB auction draws big demand , euro finds relief
The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.
- Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low
Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.
- CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet
U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.
- NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook
NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.
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