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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...

Watch: 400 Condé Nast union workers walk out and protest over layoff announcement

400 Condé Nast union workers walk out and protest over layoff announcement.  The News Guild of New York said that over 400 unionized employees...

Squarespace Upgraded at JMP Securities, Shares Gain 3 percent

JMP Securities analysts upgraded Squarespace (NYSE:SQSP) from Market Perform to Market Outperform, setting a new price target of $40.00. As a consequence, shares rose...

Biogen’s Rating Slashed to Neutral at UBS

UBS analysts downgraded Biogen (NASDAQ:BIIB) from Buy to Neutral, adjusting the price target from $311 to $276, as per their recent note on Wednesday. The...

eBay Cuts Workforce by 9 percent

eBay (NASDAQ:EBAY) announced a significant workforce reduction today. The online retail giant plans to eliminate approximately 1,000 positions, which accounts for about 9% of...

Intuitive Surgical Beats Q4 Expectations

Intuitive Surgical (NASDAQ:ISRG), renowned for its robotic-assisted surgical technology, reported its fourth-quarter earnings, exceeding analyst expectations. The company's total revenue for the quarter was $1.93...

Texas Instruments Shares Drops 3 percent on Weak Q4 Results & Guidance

Texas Instruments (NASDAQ:TXN) saw its shares drop over 3% intra-day today, following a Q4 report that fell short of analysts' revenue and guidance expectations. The...

Gaming Business Giant FDJ bids to buy online gambling firm Kindred for $2.7 billion

FDJ makes a $2.7 billion offer to purchase Kindred, an online gaming company. On Monday, the Swedish online business Kindred Group was the target of...

Citi Raises Meta Platforms’ Price Target Ahead of Earnings Release

Citi analysts increased their price target for Meta Platforms (NASDAQ:META) from $425 to $440, while maintaining a Buy rating on the stock. The bank highlighted...

D. R. Horton Shares Drop 9 percent Following Q1 EPS Miss

D.R. Horton (NYSE:DHI) reported its first-quarter earnings, presenting a mixed set of results. The company's earnings per share (EPS) for the first quarter came...

Procter & Gamble Stock Gains 4 percent Following Q2 Earnings

Procter & Gamble (NYSE:PG) reported second-quarter results that showed a mixed performance. The company achieved a 4% growth in organic revenue, slightly missing the...

JPMorgan Bullish on NetEase for 2024

JPMorgan analysts maintained an Overweight rating on NetEase (NASDAQ:NTES) with an unchanged price target of $125.00, highlighting the company as a top pick in...

General Electric Shares Drop on Weak Guidance

General Electric's (NYSE:GE) shares saw a more than 3% decline intra-day today following a Q1 forecast that fell short of analysts' expectations. In its fourth...

Consumers are dealing with buy now pay later holiday debt with mixed results

Holiday spending online in 2023 hit highs. Credit card debt has reached a record high as well, and there is a new debt in...

Watch Mark Zuckerberg wants Meta to create artificial general intelligence

Mark Zuckerberg has a new goal after creating the metaverse earlier. He wants Meta to focus on general artificial intelligence. He is moving towards...

The only In-N-Out in Oakland to close due to ongoing issues with crime

In-N-Out, the popular burger chain, is closing its doors in Oakland, California, in March due to a rise in crime in the neighborhood, according...

New labor rule for worker classification enacted, Lyft, Uber says drivers remain unaffected

The Labor Department under the Biden administration enacted a new labor rule. The rule has been made to ensure workers are not classified as...

Enovis Initiated With Buy Rating at UBS

UBS analysts initiated coverage on Enovis Corp (NYSE:ENOV) with a Buy rating and a price target of $75.00. The analysts anticipate that Enovis will...

SolarEdge Shares Drop 6 percent on Job Cut Announcement

SolarEdge Technologies (NASDAQ:SEDG) revealed on Sunday plans to cut its workforce by approximately 16%, affecting around 900 global employees, as part of its cost...

B. Riley Financial Shares Plunge 10 percent Amid SEC Probe Report

B. Riley Financial (NASDAQ:RILY) experienced a 10% drop in its stock price intra-day today amid reports that the Securities and Exchange Commission (SEC) is...

ServiceNow’s Price Target Raised Ahead of Earnings Announcement

Needham analysts increased their price target for ServiceNow (NYSE:NOW) to $900 from $660, while reiterating their Buy rating. The analysts maintained a positive outlook on...

NuStar Energy Shares Jump 15 percent on Sunoco’s $7.3 Billion Acquisition News

Shares of NuStar Energy L.P. (NYSE:NS) surged over 15% intra-day today following the announcement of its acquisition by Sunoco LP (NYSE:SUN) in an all-equity...

Wayfair cuts 13 percent of workforce while Macy’s lays off 3.5 percent and closes stores

Wayfair and Macy’s have laid off workers on Friday and Thursday. This is a vast retail layoff. Wayfair has cut 13 percent of its...

California has nation’s worst hit-and-run rate, study reveals

California has the worst rate in the nation, with over one in ten fatal crashes involving a hit-and-run, 66% higher than the national average...

Music streaming services Spotify, SoundCloud, Apple Music, and more getting audited by the MLC

About 50 DSPs, including music streaming services Spotify, SoundCloud, Apple Music, and others, have allegedly received audit warnings from the MLC. The MLC issues...

San Francisco downtown mall loses fifth store in a month

San Francisco Center in Union Square, downtown San Francisco, is losing its fifth store in the month. Retail stores have been leaving the mall...

The Best and Worst Value Video Games of 2023 – See the List

New research ranks every game released in 2023 based on price per hour of gameplay.  Age of Empires II: Definitive Edition was named best...

Activist investor Nelson Peltz nominates himself, Rasulo on Disney board, criticizes Iger

Disney is facing a second proxy war in two years. Activist investor Nelson Peltz has nominated himself and former Disney CFO Jay Rasulo to...

Apple to avoid ban by removing blood oxygen feature in latest Apple Watches

Apple announced on Wednesday that it would remove the blood oxygen feature from its latest Apple Watches. This will allow the company to import...

Former COO of Facebook Sheryl Sandberg Will Leave Position on Board of Directors of Meta

Sheryl Sandberg, Meta's longstanding chief operating officer, announced on Wednesday that she will be leaving her position on the board of directors when her...

Under Armour Slashed to Sell at CFRA

CFRA analysts downgraded Under Armour (NYSE:UAA) from Hold to Sell, setting a new price target of $5.00, down from the previous $7.00. The analysts explained...

AT&T Earns an Upgrade at Oppenheimer

AT&T (NYSE:T) experienced a rise of over 1% intra-day today following an upgrade by Oppenheimer from Perform to Outperform, with a new price target...

Microsoft’s Price Target Raised Ahead of Q2 Earnings

TD Cowen increased its price target for Microsoft (NASDAQ:MSFT) to $425 from $390 per share in a note issued on Friday, with the analysts...

DraftKings Upgraded to Buy at Stifel

Stifel analysts upgraded DraftKings (NASDAQ:DKNG) from Hold to Buy, increasing the stock's price target from $40 to $45 per share. The analysts highlighted DraftKings'...

Wayfair Soars 11 percent on Workforce Cut Announcement

Wayfair's (NYSE:W) stock jumped more than 11% intra-day today following the online furniture and home goods retailer's announcement of a 13% workforce reduction in...

Supreme Court refuses to hear petitions from Apple, Epic Games in antitrust lawsuit, Apple shares fall

The Supreme Court denied petitions to hear an antitrust suit filed by Fortnite’s Epic Games against Apple. Both the companies had filed petitions in...

Europe’s largest economy shrinks in 2023, Germany outlook for 2024 remains weak

On Monday, official data showed that Germany's economy shrank last year. This is the first time that the largest economy in Europe has seen...

Alcoa Reports Q4 Results, EPS Beats But EBITDA Misses Estimates

Alcoa Corp (NYSE:AA) announced its fourth-quarter earnings for 2023. Despite surpassing expectations in earnings per share (EPS), the aluminum producer underperformed in terms of...

Hertz Global Earns an Upgrade at Morgan Stanley

Morgan Stanley analysts upgraded Hertz Global (NASDAQ:HTZ) from Equalweight to Overweight, albeit with a reduced price target of $15.00, down from the previous $16.00. The...

Humana Drops 11 percent on Profit Guidance Cut

Humana (NYSE:HUM) revised its profit forecast downward today, following adjustments in its projections for individual Medicare Advantage (MA) growth for the year ending December...

Apple Gains 3 percent on Bank of America Upgrade

Shares of Apple (NASDAQ:AAPL) saw an uptick of more than 3% intra-day today, following an upgrade by Bank of America analysts from Neutral to...

Pinterest Earns an Upgrade at Argus

Argus analysts raised their rating for Pinterest (NYSE:PINS) from Hold to Buy, setting a price target of $45.00. The analysts noted that Pinterest is increasingly...

FedEx announces digital platform offering e-commerce solutions to merchants

FedEx Corp announced the launch of a new digital platform called fdx. This platform will offer merchants a data-driven platform with e-commerce solutions for...

Rabbit R1 first batch, second batch sold out, announces third batch of preorders for AI powered device

Rabbit debuted its R1 at CES 2024 and was pleased that all preorders of its first batch of AI-powered devices sold out. The company...

FBI investigate Abercrombie & Fitch former CEO after claims of sexual exploitation and abuse

FBI has opened an investigation into multiple claims of sexual exploitation and abuse by the former CEO of Abercrombie & Fitch. Mike Jeffries and...

SolarEdge’s Rating Slashed at Barclays

Barclays analysts adjusted their rating for SolarEdge Technologies (NASDAQ:SEDG), downgrading it from Equalweight to Underweight, and reduced the price target from $74.00 to $50.00. The...

Ford Motor Falls 2 percent on UBS Downgrade

Shares of Ford Motor (NYSE:F) experienced a drop of more than 2% intra-day today. This decline followed a decision by UBS to downgrade the...

Tesla Stock Falls on Continued Price Cuts

Tesla (NASDAQ:TSLA) shares have seen a decline of over 2% intra-day today, following the company's decision to reduce prices on its Model Y electric...

Morgan Stanley Bullish on Baidu

Morgan Stanley analysts maintained their Overweight rating on Baidu (NASDAQ:BIDU), expressing optimism about the company's stock performance in the near term. The analysts commented that...
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