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Thursday, September 21, 2023
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HomeBusiness

Business

Jack Dorsey Takes Over Square for Now as Alyssa Henry, the CEO of Square, Steps Down

Alyssa Henry, the CEO of Square, is stepping down, and Jack Dorsey will take over in the meantime.The CEO of Square, a division of Block, Jack Dorsey's fintech business, Alyssa Henry, will leave the organization at the end of...

General Mills Reports Better Than Expected Q1 Earnings Results

General Mills (NYSE:GIS) reported a decline in adjusted earnings for the first quarter, but it still exceeded expectations. This achievement can be attributed to the stabilization of supply chains and the resilience of consumers in the face of inflationary...

CVS Health Raised to Outperform Rating at Evercore

CVS Health (NYSE:CVS) saw a nearly 2% gain yesterday as Evercore ISI analysts upgraded their rating on the healthcare company from in line to outperform. Alongside the rating upgrade, they also increased the price target for CVS shares from...

Micron Technology’s Price Target Raised Ahead of Q4 Earnings Report

Goldman Sachs analysts increased their price target for Micron Technology (NASDAQ:MU) to $85.00 from $80.00 while maintaining a Buy rating ahead of the company's Q4 earnings release, scheduled for September 27. Despite revising down their 2024 revenue and earnings...

IBM Rated Outperform at RBC Capital, Stock Surges 3 percent

RBC initiated coverage on IBM (NASDAQ:IBM) with an Outperform rating and a $188 per share price target, the highest on the Street. As a result, shares rose around 3% intra-day today. RBC is optimistic about IBM's competitive position in the...

Pinterest Stock Jumps 4 percent Following Two Upgrades

Pinterest (NYSE:PINS) saw more than a 4% surge intra-day today after two Wall Street analysts upgraded it to a Buy rating. They were impressed by Pinterest's recent investor event, highlighting its positive outlook and reasonable long-term goals. Citi analysts upgraded...

CWEB Summarized Business Newsletter September 20, 2023

A delay in further rate hikes is widely anticipated by the Federal Reserve today, providing some relief from rising rates for savers and borrowers. However, the Fed does not plan to reduce rates any time soon.The retail industry has...

Elon Musk suggests a ‘small monthly charge’ for all users of X formerly called Twitter

Tesla CEO Elon Musk, who is also the owner of X a platform that was formerly called Twitter, suggested on Monday that he would charge a ‘small monthly fee’ for those who used the platform. Earlier those who wanted...

Google’s announces major expansion of its Bard AI chatbot

Google's (GOOGL) brings a major expansion of its Bard AI chatbot. Google remains at the forefront of innovation in the rapidly developing field of artificial intelligence. A huge update to the tech giant's Bard AI chatbot has just been...

Carnival Receives an Upgrade Ahead of Q3 Earning Report

The analysts at Truist Securities upgraded Carnival Corporation (NYSE:CCL) from a Sell rating to a Hold rating, with a revised price target of $17.00, up from $16.00. The analysts explain this upgrade, stating that while Carnival remains a relative underperformer,...

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