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Business

Microsoft surpasses Q3 revenue and profit expectations due to cloud services. CWEB analysts upgraded the stock.

Microsoft (MSFT) reported fiscal third-quarter earnings on Friday, surpassing analysts' expectations for both the top and bottom lines. This was primarily due to the...

Meta AI push fails to excite market, shares drop by 16 percent, CWEB analyzes

Meta Platforms (META) revealed billions spent on artificial intelligence, and its stock value dramatically declined. CEO Mark Zuckerberg’s thrust into the upcoming field of...

The European Union is looking into Musk’s X for potential violations of social media laws.

"Today we open formal infringement proceedings against @X" under the Digital Services Act, European Commissioner Thierry Breton said in a post on the platform...

Get Starbucks holiday offers, free hot chocolate on last two weekends of the year and more

Starbucks is not known for giving its customers free offers, except during certain times such as the holiday season. Starbucks has offered its customers...

FedEx Shares Plummet 10 percent Following Q2 Miss & Outlook Cut

FedEx (NYSE:FDX) shares dropped more than 10% intra-day today following the release of its fiscal second-quarter results, which fell short of analyst expectations. The company...

Lowe’s Stock Falls Slightly Following Stifel Downgrade

Shares of Lowe's (NYSE:LOW) declined more than 1% intra-day today following a downgrade by Stifel analysts from Buy to Hold. The analysts took a more...

General Mills Shares Fall on Outlook Cut

General Mills (NYSE:GIS) experienced a more than 2% decline in its shares intra-day today after the company revised its full-year forecast downwards. In its fiscal...

Steelcase Shares Gain 10 percent After Q3 Results

Steelcase (NYSE:SCS) released its third-quarter earnings report, which led to a more than 10% share price gain intra-day today. The company posted revenue of $777.9...

Aon Announces a $13.4 Billion Acquisition of NFP

Aon (NYSE:AON) agreed to acquire NFP, a prominent player in property and casualty brokerage, benefits consultancy, wealth management, and retirement plan advising, mainly focused...

Uber’s Price Target Raised at KeyBanc

Analysts at KeyBanc increased their price target for Uber (NYSE:UBER) from $61.00 to $70.00, while continuing to give the stock an Overweight rating. The analysts'...

U.S. Steel Stock Jumps 23 percent on Nippon Steels’ Acquisition Annoucement

The United States Steel Corporation (NYSE:X), widely known as U.S. Steel, is set to be acquired by Nippon Steel, as confirmed by both companies...

BofA Securities Raises Boeing’s Price Target

BofA Securities analysts expressed their confidence in Boeing (NYSE:BA), raising the price target for the company's stock from $250 to $275 while maintaining a...

Amgen upgraded to Outperform at BMO Capital

BMO Capital upgraded Amgen (NASDAQ:AMGN) from Market Perform to Outperform on Tuesday, also raising the price target for the stock from $286 to $326...

PepsiCo Stock Cut to Neutral at JPMorgan

JPMorgan adjusted its rating on PepsiCo (NASDAQ:PEP) from Overweight to Neutral, also reducing its price target from $185 to $176 per share, as mentioned...

Apple loses patent dispute after ITC ruling, to remove some Apple Watch models by Christmas Eve

Apple is pausing the sale of some of its watch models after it lost a patent dispute against Masimo, after an October ruling by...

Founder of Nikola given a four-year jail sentence for fraud and fines $1 million

Trevor Milton, the founder of Nikola Corp., was fined $1 million and given a four-year federal prison sentence on Monday In addition to an unspecified...

Baird Adds Boot Barn to its Bearish Fresh Pick List

Boot Barn Holdings (NYSE:BOOT) was added to Baird's Bearish Fresh Pick List, effective until early February. The analysts explained this decision by acknowledging Boot...

SunPower Shares Plummet 35 percent on Going Concern Warning

Shares of SunPower (NASDAQ:SPWR) plunged over 35% intro-day today following the company's announcement of a going concern warning. This warning suggests that the company...

Netflix Gains 3 percent After Morgan Stanley Raises Price Target

Shares of Netflix (NASDAQ:NFLX) saw an increase of over 3% intra-day today following Morgan Stanley's decision to raise their price target for the company...

Utz Brands Shares Gains 5 percent on Positive Feedback on Investor Day

Shares of Utz Brands (NYSE:UTZ) saw a notable increase on Monday, climbing over 5% after the company's investor day last week, which led to...

Celebrity Cardi B gets emotional about celebrity Offset on social media, web fans are divided

Celebrity Cardi B has been posting about her tumultuous relationship with celebrity Offset. Earlier in the month, the Grammy-winning rapper had posted that she...

LVMH and luxury brands to face slower sales next year after excellent 2023

LVMH and other luxury brands saw a huge leap in sales at the beginning of this year. Luxury goods from several brands continued to...

Costco Sells $100 Million Gold Bars This Past Quarter

  Costco Sells $100 Million Gold Bars. Gold has a reputation as an inflation hedge since it has historically done well during times of economic...

Former Facebook diversity lead steals over $4 million from company, pleads guilty

  Federal prosecutors have said that a former diversity manager who was working at Facebook stole more than $4 million from the company. She was...

L3Harris Technologies Earns an Upgrade at Deutsche Bank

Deutsche Bank analysts upgraded the rating for L3Harris Technologies (NYSE:LHX) from Hold to Buy, setting a new price target of $240.00, up from the...

Boeing Gains 3 percent Following Price Target Raise at UBS

UBS analysts expressed optimism about Boeing's (NYSE:BA) stock, increasing the price target from $275 to $315 while maintaining a Buy rating. As a result,...

Nvidia an Attractive Buy, Says Bernstein

Bernstein analysts recommend Nvidia (NASDAQ:NVDA) stock, which has seen a substantial increase of over 230% year-to-date. They set a price target of $700 per...

Costco Gains 4 percent Following Q1 Beat

Costco (NASDAQ:COST) shares surged more than 4% intra-day today after the company reported its first-quarter results, with EPS of $3.58 coming in better than...

Watch: Doomsday communities want to see you pay $55,000- and 1-million-dollar bunkers in case of a nuclear war

With everything going on in the world today, it’s no wonder there is a community of people who want to survive the worst. What...

Alcoa’s Price Target Raised at JPMorgan

JPMorgan analysts updated the price target for Alcoa (NYSE:AA) to $30.00, an increase from the previous $26.00, while maintaining a Neutral rating on the...

Live Nation Entertainment Stock Surges 5 percent on Morgan Stanley Upgrade

Morgan Stanley raised its rating on Live Nation Entertainment (NYSE:LYV) from Equal-Weight to Overweight, with an increase in the price target from $100 to...

Microsoft’s Price Target Raised at BofA Securities

BofA Securities analysts raised their price target for Microsoft (NASDAQ:MSFT) to $430 from the previous $415 per share, maintaining a Buy rating on the...

Cardinal Health Started With Underweight at Wells Fargo, Shares Drop 6 percent

Cardinal Health (NYSE:CAH) experienced a drop of more than 6% intra-day today following Wells Fargo's initiation of the stock with an Underweight rating and...

Adobe Plummets 7 percent Following Guidance Miss

Adobe Systems (NASDAQ:ADBE) saw its shares fall by over 7% intra-day today following the release of its better-than-expected fourth fiscal quarter results but disappointing...

In November, inflation was at the annual rate of 3.1%. Should you lock in CD rates now?

November saw an increase in prices for a wide range of products and services, but overall they were in line with expectations, which relieved...

Tesla recalls almost all vehicles in US, over 2 million vehicles had defective Autopilot system

Tesla is recalling almost all its vehicles in the U.S. due to defective software issues. Documents posted by a U.S. safety regulator show that...

Kenvue on a 90-Day Positive Catalyst Watch at Citi

Citigroup analysts initiated a 90-day positive catalyst watch on Kenvue (NYSE:KVUE), suggesting the stock might outperform in the near term. The analysts' action comes...

Xponential Fitness Stock Gains 6 percent Following Stifel Upgrade

Xponential Fitness (NYSE:XPOF) experienced a significant surge intra-day today, with shares climbing over 6%, following an upgrade from Stifel. The rating was raised from...

Johnson & Johnson Receives a Downgrade at Wells Fargo

Wells Fargo downgraded Johnson & Johnson (NYSE:JNJ) from Overweight to Equal Weight on Wednesday, also reducing the stock's price target from $170 to $163...

Arm Holdings’ Price Target Raised at Mizuho Securities

Mizuho Securities analysts increased the price target for Arm Holdings (NASDAQ:ARM) from $62.00 to $75.00, while maintaining their Buy rating. The analysts highlighted Arm...

Pfizer Plunges 8 percent on Weak Outlook

Pfizer (NYSE:PFE) experienced a more than 8% drop intra-day today following its forecast for the coming year, which fell short of analysts' expectations. The...

Is the era of free returns over? Many retailers add return charge or tighten free returns policies

This year, many large retailers tweaked their return policies. Some companies shortened return periods, while others began charging a return or restocking fee. Some...

Macy’s is Deciding on A $5.8 Billion Buyout Offer from real estate investor Arkhouse Management and Brigade Capital Management

Real estate investor Arkhouse Management and asset management firm Brigade Capital Management have made a $5.8 billion acquisition offer to Macy's. Macy's, Inc. owns the...

CVS Has a New Plan to Save Customers Money on Prescriptions

CVS is implementing a "more transparent" payment model and changing the way it pays for prescription medications. On Tuesday, the pharmacy giant unveiled CVS CostVantage,...

Zillow’s Earns an Upgrade at JMP Securities, Shares Gain

Zillow Group (NASDAQ:Z) shares rose more than 2% intra-day today after JMP Securities analysts raised their rating to Market Outperform from Market Perform, with...

Applied Materials’ Price Target Raised at TD Cowen

TD Cowen analysts increased their price target on Applied Materials (NASDAQ:AMAT) to $185.00 from $165.00 while reiterating their Outperform rating. Applied Materials was also...

Oracle Stock Plunges 11 percent Following Q3 Revenue Miss

Shares of Oracle (NYSE:ORCL) dropped over 11% intra-day today after the company announced lower-than-anticipated revenue for its second fiscal quarter. The company reported that its...

Lucid Group Shares Plummet 9 percent on CFO Departure News

Lucid Group (NASDAQ:LCID) announced yesterday that CFO Sherry House will be stepping down from her position effective immediately. This executive change has sparked concerns...

Take-Two Interactive Initiated With Outperform Rating at Wolfe Research, Shares Gain

Analysts at Wolfe Research initiated coverage on Take-Two Interactive (NASDAQ: TTWO) with an Outperform rating, setting a price target of $186.00 for the stock....

Pharmacies like CVS and Rite Aid Share Medical Data with Police Without Warrants

The Washington Post  Drew Harwell reports for the Washington Post  has reported that a congressional inquiry revealed that the biggest pharmacy chains in the...
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