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Business

Baidu and Tesla Partner to Boost FSD Capabilities in China

Baidu's Partnership with Tesla: A Strategic Move for Enhanced FSD Capabilities in China Baidu's partnership with Tesla:TSLA, granting the electric car manufacturer access to its...

Snap Inc. Surges on Positive Earnings Report – Q1 2024 Insights

Snap Inc. (NYSE: SNAP) Surges on Positive Earnings Report Snap Inc. (NYSE: SNAP), a popular social media company, has given its investors a significant reason...

Pinterest reports disappointing revenue in fourth quarter, projects weak outlook, shares crash

Pinterest reported disappointing revenue while reporting its fourth-quarter results. Although the company beat earnings estimates, it also issued a weak forecast, leading to a...

Walmart Valentine and Presidents Day Deals Are Live, Shop for jewelry, electronics, home items and more

Walmart President's Day sale is live. Although President's Day this year is on February 19, the sale at the big box retailer has already...

Arm Holdings Stock Jumps 47 percent Following Strong Q3 Results & Guidance

Shares of Arm (NASDAQ:ARM) experienced a dramatic surge of 47% on Thursday after the company, renowned for its chip design, raised its annual guidance....

CleanSpark Stock Surge 22 percent After Q1 Results

CleanSpark (NASDAQ:CLSK) experienced a more than 22% surge pre-market today, following the Bitcoin mining company's fiscal first-quarter earnings and revenue that exceeded Wall Street's...

Expedia Shares Plunge 15 percent on Gross Bookings and FCF Miss

Expedia (NASDAQ:EXPE) unveiled its fourth-quarter earnings, surpassing expectations in terms of earnings per share and revenue. However, the company fell short in gross bookings...

Take-Two Plunges 7 percent Following Guidance Cut

Take-Two Interactive Software (NASDAQ:TTWO) experienced a decline of over 7% pre-market today following the announcement of an unexpected fiscal third-quarter loss and a downward...

Pinterest Shares Drop 8 percent Following Q4 Results

Shares of Pinterest (NYSE:PINS) experienced a significant drop, approximately 8%, pre-market today due to the company's fourth-quarter revenue falling below expectations and providing a...

Google adds features, rebrands AI Chatbot as Gemini, offers Gemini Advanced as subscription model

Google is consolidating its earlier AI chatbot Bard and adding other features under a new AI chatbot called Gemini to counter the popularity of...

Netflix to open ‘Netflix House’, retail stores for TV shows immersive experiences, web fans are excited

Netflix (NFLX), the largest streaming platform in the world has decided to expand its operations, initially in the U.S. and later in the rest...

Roku Earns an Upgrade at CFRA

Analysts at CFRA Research upgraded the rating for Roku (NASDAQ:ROKU) to Hold from Sell, while also increasing the target price to $89 from $75. The...

CyberArk Software Gains 7 percent Following Earnings Report

Shares of CyberArk Software (NASDAQ:CYBR) experienced a nearly 7% increase intra-day today following the announcement of its quarterly earnings, which exceeded the consensus expectations...

CVS Health Beats Q4 Results, Cuts Guidance

CVS Health (NYSE:CVS) disclosed its fourth-quarter financial results and revised its earnings forecast for 2024 downwards. In the fourth quarter of 2023, CVS Health announced...

Confluent Shares Surge 29 percent Following Q4 Beat

Confluent's (NASDAQ:CFLT) shares experienced a significant surge, over 29% intra-day today, following the announcement of its fourth-quarter results, which exceeded expectations, along with a...

Walt Disney Shares Jump 11 percent Following Q1 Results

Walt Disney (NYSE:DIS) updated its annual forecast positively following better-than-expected fiscal first-quarter earnings, attributed to effective cost reductions within its streaming operations. The company's shares...

Walmart is set to inaugurate 150 additional locations.

  Walmart has announced plans to establish more than 150 stores in the United States within the next five years and renovate 650 existing locations...

Disney, Warner Bros Discovery and Fox to join together and launch new sports streaming platform

Walt Disney, Warner Bros. Discovery, and Fox Corp. announced the launch of a new sports streaming platform that will include services from their broad...

Sphere Entertainment Started With a Neutral Rating at BofA Securities

BofA Securities analysts began coverage on Sphere Entertainment (NYSE:SPHR) with a Neutral rating, assigning a price target of $43.00 on the stock. The analysts...

Fox Shares Drop 5 percent Despite Q2 Beat

Fox Corporation (NASDAQ:FOX) shares fell more than 5% intra-day today despite the company reporting earnings and revenue for the second quarter that exceeded expectations. The...

Hilton Reports Q4 Beat, But Soft 2024 Outlook

Hilton Worldwide Holdings (NYSE:HLT) announced Q4 results that exceeded expectations for earnings and revenues. In the fourth quarter, Hilton reported an EPS of $1.68,...

Ford Motor Reports Strong Q4 Results, Shares Gain 4 percent

Ford Motor Company (NYSE:F) outperformed Wall Street forecasts with its fourth-quarter results and presented an optimistic outlook for the year ahead, causing its shares...

Roblox Jumps 20 percent Following Earnings Beat

Roblox Corporation (NYSE:RBLX) shares experienced a more than 10% intra-day surge on Wednesday following the company's announcement that it exceeded fourth-quarter consensus forecasts. The gaming...

Tesla not to supply company cars to SAP after removal from software company’s suppliers list, report says

Tesla, one of the pioneering makers of electric vehicles, has lost its business with SAP SE. According to a report in a popular outlet,...

Plug Power Downgraded at Seaport Global Securities, Shares Drop 3 percent

Seaport Global Securities analysts revised their rating for Plug Power (NASDAQ:PLUG) from Buy to Neutral, citing the slower evolution and less favorable policy environment...

BP Shares Gain 5 percent Following Q4 Beat and Accelerated Share Buyback Announcement

BP (NYSE:BP) shares climbed more than 5% pre-market today as the oil and gas giant exceeded Q4 profit expectations and announced an increase in...

UBS Shares Fall After Q4 Results

UBS Group (NYSE:UBS) shares dropped more than 4% pre-market today following the announcement of its fourth-quarter 2023 results. The Swiss bank reported a net loss...

Snap to cut global workforce by 10 percent, tech company to cut jobs in Q1 this year

Snap, the parent of popular messaging app Snapchat, announced layoffs on Monday. Tech companies are the latest among many to cut jobs as advertising...

Will Gayle King and Charles Barkley show survive through the year on CNN? ‘King Charles’ sees lowest rating

In November 2023, celebrity host Gayle King and former NBA legend Charles Barkley hosted a new show called King Charles on CNN. There were...

Universal Music Group to remove songs from TikTok from Taylor Swift, Drake, and Billie Eilish and more

As of Wednesday, the license between UMG and TikTok has expired. UMG reported, "TikTok proposed paying our artists and songwriters at a rate that is...

Federal prosecutors investigate WWE founder Vince McMahon for sex trafficking allegations, report says

On Friday, a popular outlet reported that WWE founder Vince McMahon is under investigation by federal prosecutors. According to sources who spoke to the...

New Benefits but Increased Annual Fee for Delta Amex Cards

New lifestyle and travel-related rewards are added to Delta's American Express cards, but the improved benefits come with increased annual fees. The bad news...

NVIDIA’s Price Target Raised at Goldman Sachs, Shares Gain 4 percent

Goldman Sachs analysts raised their price target on NVIDIA (NASDAQ:NVDA) to $800.00 from $625.00, maintaining a Conviction Buy rating. The bank's update reflects a...

Catalent Gains 9 percent on Novo Holdings’ $16.5 Billion Acquisition Announcement

Novo Holdings is set to purchase Catalent (NYSE:CTLT) for $63.50 per share, valuing the deal at $16.5 billion, which includes the company's enterprise value,...

Caterpillar Gains 6 percent Following Q4 Earnings Beat

Caterpillar (NYSE:CAT) announced its fourth-quarter earnings, surpassing the expectations set by analysts. Following the announcement, shares rose more than 6% intra-day today. The company achieved...

The TJX Companies Cut to Neutral at Redburn-Atlantic

Redburn-Atlantic analysts adjusted the rating for The TJX Companies (NYSE:TJX) from Buy to Neutral, setting a price target at $100.00. The analysts noted that TJX...

Estee Lauder Stock Jumps 14 percent on Q2 Beat & Job Cut Announcement

Estee Lauder (NYSE:EL) shares surged over 14% intra-day today following the announcement of its Q2 earnings that exceeded expectations and the unveiling of a...

 Judge rules California can’t require background checks for ammunition purchases

A federal judge has decided that citizens of California are exempt from having to pay for and pass a background check each time they...

Amazon launches Rufus, its AI shopping assistant, posts strong results in holiday-fourth quarter

Amazon announced the launch of its new generative AI shopping assistant called Rufus. The AI-powered tool has been launched in beta to a small...

Regeneron Posts Strong Q4 Earnings

Regeneron Pharmaceuticals (NASDAQ:REGN) announced its fourth-quarter earnings, which exceeded expectations. For the fourth quarter, Regeneron reported an adjusted earnings per share (EPS) of $11.86, surpassing...

Bristol-Myers Squibb Reports Q4 Beat

Bristol-Myers Squibb (NYSE:BMY) announced its fiscal fourth-quarter results, with earnings and revenue exceeding expectations. The pharmaceutical giant reported fourth-quarter earnings per share (EPS) of $1.70,...

Skechers USA Drops 6 percent on Weak Guidance

Skechers USA (NYSE:SKX) saw its stock plummet by more than 6% intra-day today following the announcement of its first-quarter sales, which did not meet...

Apple Beats Q1, But iPhone Sales Miss Expectations Due to China Weakness

Apple (NASDAQ:AAPL) unveiled its fiscal first-quarter results on Thursday, surpassing Wall Street forecasts despite iPhone sales not meeting expectations due to challenges in China...

Meta Platforms Shares Surge 19 percent Following Strong Q4 Results

Meta Platforms (NASDAQ:META) experienced a 19% jump in its share price intra-day today following the company's announcement of exceeding quarterly expectations, the initiation of...

Mark Zuckerberg made $29 billion today as stock jumps to record highs as Meta declares first ever dividend

Mark Zuckerberg, CEO of Meta, who is currently valued at over $140 billion based on Bloomberg's billionaire index, has significantly benefited from the company's...

American Airlines faces lawsuit from cardholders for taking away their frequent flier miles

Two customers sued American Airlines on Monday. The proposed class action suit said that the airlines had removed 1.1 million frequent flier miles. The...

TikTok Bans “Legging Legs” trend showing off thigh gaps says its harmful to women

TikTok Bans the “ Legging Legs” trend showing off thigh gaps, says it's harmful to women. Legging legs refer to spandex pants with a...

UPS to cut 12,000 jobs as package volume in shipping company drops

  UPS announced on Tuesday that it will cut 12,000 jobs as it faces a decline in domestic and international package volumes. The shipping company’s...

Qualcomm Reports Q1 Beat, Provides Guidance

Qualcomm (NASDAQ:QCOM) unveiled its fiscal first-quarter earnings, surpassing Wall Street's expectations amid a resurgence in smartphone demand that propelled sales of handset chips. However,...

CIGNA Raised to Buy at Deutsche Bank

Deutsche Bank analysts upgraded CIGNA (NYSE:CI) from Hold to Buy, adjusting the price target upwards from $355.00 to $370.00. The analysts explained the upgrade by...
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