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Business

STMicroelectronics Gains 2 percent Despite Q1 Miss & Guidance Cut

STMicroelectronics (NYSE:STM) lowered its fiscal 2024 sales forecast following a drop in first-quarter revenue and net profit, yet its shares saw a more than...

Ford Shares Rise 3 percent Following Q1 Results

Ford Motor (NYSE:F) shares climbed over 3% pre-market today following the announcement of fiscal Q1/24 earnings that surpassed expectations, although revenue slightly missed projections. The...

Candy Maker Mars Accused of Using Child Labor

According to a CBS News investigation, the candy maker Mars, Inc. continues to use cocoa that has been picked in Africa by child laborers,...

Yara Eyde is the first cargo ship that produces nearly zero planet-heating pollution. Ready to set sail in 2026

To create the first container ship in history to run on clean ammonia, Yara Clean Ammonia, North Sea Container Line, and Yara International team...

Walmart to debut RomCom ad series on social media, web fans eagerly await

  Walmart, the nation's largest retailer, is well known not only for its affordable prices but also for its innovations in marketing. The newest one...

The top egg producers and two industry groups must pay $17.7 million in damages to Kraft, Kellogg, Nestle, and General Mills for leading a...

A jury's decision to pay four food businesses $17.7 in damages on Friday marked the tentative end of a 12-year-old federal antitrust case against...

Elon Musk says ‘Go f***k yourself’ to advertisers leaving his social media platform X

Elon Musk unleashed a string of profanities against advertisers who left his social media platform X, formerly known as Twitter. In a summit in...

Spotify Slashed to Neutral at Citi

Citi analysts downgraded Spotify (NYSE:SPOT) from Buy to Neutral, maintaining a $190 price target in a recent report. The analysts commended Spotify's strategy and...

UiPath Shares Surge 24 percent Following Q3 Beat

Shares of UiPath (NYSE:PATH) saw a significant rise of over 24% intra-day today following the announcement of their third-quarter earnings, which exceeded expectations. The...

Elastic Stock Jumps 31 percent Following Q2 Beat & Raise

Shares of Elastic N.V. (NYSE:ESTC) experienced a significant jump of over 31% intra-day today following the announcement of their second-quarter results, which exceeded market...

Big Lots Shares Jump After Q3 Report

Shares of Big Lots (NYSE:BIG) experienced a notable surge of around 10% on Thursday, with a further surge of 11% intra-day today, following the...

Boeing’s Price Target Raised at Baird

Baird analysts increased their price target for Boeing (NYSE:BA) to $300.00, up from the previous $250.00, while maintaining an Outperform rating. This adjustment follows...

FTC makes Fortnite’s developer, Epic Games, pay $245 million to resolve claims

Fortnite's developer, Epic Games, has agreed to pay $245 million to resolve claims made by the Federal Trade Commission about in-game purchases. The business...

The company that owns TikTok, ByteDance, prepares for hundreds of layoffs as it slashes gaming unit Nuverse

  The Chinese digital behemoth ByteDance, which created TikTok, is stepping back from the video game industry, which will lead to the loss of hundreds...

Five Below Posts Q3 Beat & In-Line Guidance

Five Below (NASDAQ:FIVE) announced its third-quarter earnings, reporting an earnings per share (EPS) of $0.26, which surpassed the Street estimate of $0.23. The company...

Nutanix Gains 4 percent Following Q1 Earnings Beat

Nutanix (NASDAQ:NTNX) announced its first fiscal quarter earnings, surpassing analyst predictions and leading to an upward revision of its future guidance. Shares surged more...

Kroger’s Q3 Earnings Review

Kroger (NYSE:KR) revised its sales growth forecast, citing current economic pressures and a decrease in food-at-home inflation as the holiday season approaches. The company now...

Pure Storage Drops 13 percent on Disappointing Outlook

Pure Storage (NYSE:PSTG) released its third-quarter financial results, surpassing expectations with an earnings per share (EPS) of $0.50, which is higher than the consensus...

Snowflake Stock Surges 5 percent After Q3 Beat

Snowflake (NYSE:SNOW) saw its shares rise over 5% intra-day today following the announcement of its third-quarter results. The company reported an earnings per share (EPS)...

JP Morgan CEO Jamie Dimon issues dire warning about a recession and leaving China if necessary

JP Morgan CEO Jamie Dimon issues a dire warning about a recession and leaving China if necessary. He also issued a warning, stating that the...

Billionaire Mark Cuban Sells His Stake in The Dallas Mavericks

The Dallas Mavericks' multibillionaire owner, Mark Cuban, is selling Miriam Adelson of the Las Vegas Sands (LVS) the bulk of the NBA team. The estimated...

SMBs get new holiday tools for office parties and gifting from Walmart Business

  Walmart, the nation's largest retailer, always offers benefits, deals and services to its customers. This holiday season, Walmart Business has launched services for Small...

Legendary Charlie Munger Best Friend and Partner Warren Buffet Has Died

The success of Berkshire Hathaway is closely linked to the legacy of Charlie Munger, a prominent figure in the banking and investment industries and...

Hewlett Packard Enterprise Surges 7 percent Following Q4 Earnings Report

Hewlett Packard Enterprise (NYSE:HPE) experienced a 7% surge in its share prices intra-day today after the company reported earnings that exceeded analysts' expectations. For the...

Airbnb’s Rating Cut to Hold at Jefferies

Jefferies analysts revised their rating on Airbnb (NASDAQ:ABNB) to Hold from Buy, also reducing the stock price target from $155 to $140 per share. The...

General Motors Stock Surges 10 percent on Dividend Hike & $10 Billion Buyback Announcement

General Motors (NYSE:GM) reaffirmed its earnings guidance for 2023, maintaining its net income forecast in the range of $9.1 billion to $9.7 billion. Additionally,...

Petco Health and Wellness Plunges 26 percent on Disappointing Q3 Earnings

Shares of Petco Health and Wellness (NASDAQ:WOOF) saw a significant drop of more than 26% intra-day today following the company's earnings report for its...

Foot Locker Stock Surges 17 percent After Q3 Beat

Foot Locker (NYSE:FL) shares jumped more than 17% intra-day today after the company reported its third-quarter earnings, with EPS of $0.30 surpassing the analyst...

PDD Stock Jumps 15 percent on Q3 Beat

Shares of PDD Holdings (NASDAQ:PDD), formerly known as Pinduoduo, saw a significant increase of nearly 15% pre-market today following the announcement of their third-quarter...

Shopify’s Rating Slashed to Underweight at Piper Sandler

Piper Sandler downgraded Shopify (NYSE:SHOP) shares from Neutral to Underweight, with analysts reducing the price target to $56 from the previous $58 per share....

MercadoLibre Upgraded to Buy After Strong Black Friday Performance

Bank of America analysts upgraded the rating for Mercadolibre (NASDAQ:MELI) to Buy from Neutral, following impressive Black Friday performance. Along with this upgrade, the...

Bernstein Sees Appealing Revenue Story for Confluent

Bernstein analysts initiated coverage of Confluent (NASDAQ:CFLT) with an Outperform rating and a price target of $34 per share. Shares jumped more than 8%...

Tesla’s Cybertruck Expected to Cost $50,000-80,000, Says Wedbush

Wedbush analysts maintained an Outperform rating and a $310.00 price target on Tesla (NASDAQ:TSLA), following the company's announcement of a Cybertruck event scheduled for...

Spotify Makes Royalty Changes for to Drive $1 Billion Drive for Artists Keeping Fraudsters at Bay

Spotify (SPOT) has announced that certain types of “noise” music, like white noise and sleep sounds, must now be two minutes or longer. Additionally,...

Before CEO Sam Altman was fired, OpenAI personnel informed the board of an AI breakthrough-reports say.

Researchers at OpenAI allegedly alerted the board of the business to an AI breakthrough that was so potent that it may "threaten humanity," according...

Pinterest Started With Buy Rating at New Street Research, Shares Gain 3 percent

Shares of Pinterest (NYSE:PINS) experienced a 3% rise intra-day today following the initiation of positive research coverage by New Street Research. The analysts selected Pinterest...

Foot Locker Shares Drop Following Citi’s Downgrade

Shares of Foot Locker (NYSE:FL) saw a 4% decline intra-day today following a downgrade by Citi to Sell with an assigned price target of...

Citi Expects a Q3 Miss By Ulta Beauty

Citi analysts adjusted their price target for Ulta Beauty (NASDAQ:ULTA), reducing it by $35 to $440 per share, amid expectations that the company may...

Crown Castle Shares Gain 5 percent on Elliott Investment Management’s Push For Changes

Shares of Crown Castle (NYSE:CCI) saw an increase of over 4% intra-day today following the announcement by Elliott Investment Management of its more than...

Shopify Shares Surge 5 percent on Merchants’ Record Black Friday Sales

Shares of Shopify (NYSE:SHOP) saw an increase of nearly 5% intra-day today following the announcement that its merchants achieved a record $4.1 billion in...

US lawmakers write letter to SEC for fraud investigation into Elon Musk led Neuralink

Four members of the U.S. House of Representatives have written a letter to the Securities and Exchange Commission (SEC) asking it to launch an...

Larry Summers Joins Open AI Board as Sam Altan Returns as CEO

Former Obama and Clinton official economist Larry Summers will be joining the new, redesigned OpenAI board, while the business is welcoming back CEO Sam...

Rosenblatt Maintains its Street High $1,100 Price Target For NVIDIA

Rosenblatt analysts reaffirmed their Buy rating for NVIDIA (NASDAQ:NVDA), maintaining their 'Street High' price target of $1,100.00 following the company's recent financial results that...

TAL International Started With Buy Rating at Goldman Sachs

Goldman Sachs analysts started covering TAL International (NYSE:TAL) with an optimistic outlook, assigning it a Buy rating and setting a price target of $11.70....

Apple’s Unit Sales Fall 4 percent During China’s Two-Week Singles Day

During China's Singles Day sales, which occurred from October 30 to November 12, Apple (NASDAQ:AAPL) saw a decrease in unit sales, according to Counterpoint...

Urban Outfitters Downgraded to Equal Weight at Morgan Stanley

Morgan Stanley analysts adjusted their rating on Urban Outfitters (NASDAQ:URBN), changing it from Overweight to Equal-Weight and reducing the price target from $42 to...

Citi Raises Price Target on Salesforce

Citi analysts updated their price target for Salesforce (NYSE:CRM), increasing it from $229 to $247 per share, while maintaining a Neutral rating on the...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 24, 2023

There will be 130.7 million shoppers on Black Friday, up from 69% in 2022, proving that this is still the best day to look...

Walmart Black Friday deals are live online, in-store deals begin Friday

Walmart Black Friday deals are live online and will begin at 6 a.m. local in its stores on Friday 11/24. It is the time...

Is Novavax, the Latecomer Covid Vaccine, Worth the Wait?

Erin Kissane, a co-founder of the COVID Tracking Project, rolled up her sleeve for the Novavax covid-19 vaccine in mid-October soon after it was...
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