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Bitcoin reclaims $80k, stocks see an uptick across the board, Hecla Mining up 13% on stronger guidance, Intel CEO buys $10M in shares, Pierce County to increase sales tax for transportation district, crude oil prices drops below $90, Microsoft hits $4T market cap, Lululemon sued for securities fraud.

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PNW Market Look

As of market close 11.4.26

Crude oil prices fall below $90 a barrel as Vance blames GOP election defeat on Iran war (CNBC)

Headline Roundup

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) are FREE programs to help small businesses develop and commercialize innovative technologies through federal funding (OEN)
Seattle's Ai2 lands $5 million Google grant for climate modeling (PBJ)
Hecla Mining (HL) Q3 2026 Earnings Call: Record Cash Flow and Stronger Guidance (TK)
INTC Stock Dips Even After CEO Lip-Bu Tan Buys $9.7M Worth Of Intel Share (YF)
Eugene voters handily approve Eugene Clean Energy Fund initiative (OPB)
(WA) Data centers mask building slowdown (DJC)
(WA) State gets over $24M for safer roads (DJC)
Avolon finalizes record order for 140 Boeing 737 MAX-10 jets after FAA certification (KOMO)
Amazon to lay off about 95 workers at Washington state sites starting in December (KOMO)
Amazon, Alaska Airlines cut jobs in Washington state (KUOW)
Full Sail Brewing to end production of brands, closes brewpub (PBJ)
3M agrees to pay more than $7 billion to settle ‘forever chemical’ groundwater contamination claims (Ground)
Martin Selig Real Estate lands extensions for nearly $500 million in loans (PBJ)

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Community Highlight

Pierce Co. voters approve Prop 1, boosting bus service 47% with sales tax increase (KOMO)

“Pierce County voters have approved Proposition 1, setting Pierce Transit up for a major expansion that the agency says will deliver 47% more local bus service over the next several years.

Based on initial election results released Tuesday, Pierce Transit said the measure will increase the agency’s sales tax rate from 0.6% to 0.9% — an additional 3 cents per $10 spent on qualifying purchases made within its service area. The new tax rate takes effect April 1, 2027.

Beginning April 1, 2027, seniors age 65 and older will be able to ride Pierce Transit buses free with a Regional Reduced Fare Permit, joining youth who already ride free. Pierce Transit said seniors can get an RRFP card by visiting a Pierce Transit Customer Service Center or myORCA.com.

Pierce Transit said the changes will roll out in phases because expanding service requires planning, purchasing vehicles, and hiring more staff. The agency said community engagement will continue throughout implementation and that it intends to work with the community and local partners to refine service plans.”

Rip’s Spotlight

LULU Class Action Notice: Lululemon Sued for Securities Fraud After Growth and Business Health Allegations Lead to Stock Drops – Investors Urged to Contact BFA Law (WBOC)

“Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against lululemon athletica inc. (NASDAQ:LULU) for securities fraud after significant stock drops resulting from alleged violations of the federal securities laws.

On June 4, 2026, after market close, Lululemon announced surprisingly weak fiscal 1Q26 results. Specifically, Lululemon disclosed that gross margins were down 4% year-over-year. Further, sales trends slowed at the end of the quarter due to both negative media commentary about Lululemon’s products and underwhelming results from new product launches. As a result, Lululemon lowered its FY26 revenue and EPS guidance, and issued weak fiscal 2Q26 guidance that fell short of analyst expectations.

On this news, the price of Lululemon stock declined by 8.6% on June 5, 2026.

Then, on September 3, 2026, after market close, Lululemon announced weak fiscal 2Q26 results which underperformed the already-lowered guidance issued the previous quarter. Specifically, Lululemon announced a year-over-year revenue decline of 4.3%, including a 10% decline in same-store sales and a 20% decline in Lululemon’s core products—leggings and women’s tops—during the quarter. Management lowered FY26 revenue, operating margins, and EPS guidance, and issued fiscal 3Q26 EPS guidance which was 60% below analysts’ expectations.”