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Generac Holdings (GNRC) said it struck a long-term Amazon deal for backup generators. Initial deliveries are about $2.4B in 2027–2028 with up to $8B potential payments, plus a warrant for 1,693,745 shares. JPMorgan raised its price target to $265 from $261.
The Federal Reserve raised interest rates Wednesday for the first time since 2023, lifting its benchmark a quarter point to 3.75%-4%. The vote was unanimous, 12-0, and 16 of the 18 policymakers who submitted forecasts penciled in at least one more increase this year. Inflation is running at 3.4%, unchanged from July bu