U.S. initial jobless claims fell last week, indicating continued resilience in the labor market

October 6 – ** Mattel, the maker of Barbie dolls (Mattel) MAT.O, saw its stock price drop by 2.6% to $7.6 ** Major shareholder Ariel Investments, in a letter seen by Reuters, urged the company to explore a possible sale of Mattel due to stalled business restructuring and insufficient profitability ** Ariel, which holds a 5.4% stake, stated that options could include a sale, merger, or asset divestiture, adding that a strategic buyer might pay a significant premium for the company ** Previous reports indicated that Authentic Brands AUTH.N had expressed an interest in acquiring the company last week, a deal that could value Mattel at around $6 billions ** Out of 16 brokers, 9 rate the stock as a “buy” or higher, 5 as “hold,” and 2 as “sell”; the median target price is $18—according to data compiled by LSEG ** Including the day’s fluctuation, the stock has fallen by 21.2% year-to-date (To facilitate non-English speakers, Reuters automatically translates its reports into several other languages. As automated translations might be inaccurate or lack necessary context, Reuters does not guarantee the accuracy and only provides automated text for readers’ convenience. Reuters assumes no responsibility for any loss or damage arising from the use of automated translation functionality.)

According to Jinse Finance, on Tuesday, SpaceX (SPCX.US) rose more than 2% to $175.33, with the company's market capitalization surpassing 2.3 trillions USD. In related news, Morgan Stanley released a research report maintaining its "Overweight" rating on SpaceX and a target price of $300, representing nearly 90% upside compared to the October 2 closing price of $158.96. The analyst team led by Adam Jonas put forward an even bigger idea: space is becoming the ultimate arena for the transformation of energy into intelligence in the AI era.