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Business

Will Google launch Pixel 8A during May conference? Pixel 7A available at deep discounts

As Alphabet's Google (GOOGL) prepares for its I/O developer conference on May 14, many retailers have marked down the Pixel 7A phone with deep...

General Electric’s Q1 Results Exceed Expectations with Strong Performance

General Electric's Impressive First-Quarter Results Surpass Expectations General Electric (GE:NYSE) recently made headlines with its first-quarter results, which not only exceeded analysts' expectations but also...

The Beauty Health Shares Plunge 60 percent on Disappointing Q3

Shares of The Beauty Health Company (NASDAQ:SKIN) tumbled over 60% intra-day today following its significant miss on third-quarter estimates. The company announced a Q3 loss...

Global Wellness Industry reaches $5.6 trillion in revenue, to grow faster in five years, report says

The global wellness industry is growing rapidly, and a new report implies that it has crossed the GDP of Germany in size. A report...

monday.com Stock Jumps 10 percent on Strong Q3 & Guidance

Shares of monday.com (NASDAQ:MNDY) saw a more than 10% increase today following a successful third quarter that exceeded expectations and prompted a revised outlook....

HP’s Rating Raised at Citi

Citi analysts raised their rating on HP (NYSE:HPQ) to Buy from Neutral, adjusting the price target to $33, which suggests about a 20% upside....

Southwest Airlines Rating Slashed to Sell at Melius

Melius downgraded Southwest Airlines (NYSE:LUV) stock to Sell from Hold, setting a new price target of $19.00, down from $30.00. The analysts noted that...

Constellation Brands Started With Buy at Jefferies

Jefferies analysts started coverage on Constellation Brands (NYSE:STZ) with a Buy rating, setting a price target of $292.00. The analysts noted that despite significant...

JPMorgan Remains Bullish on Netflix, Raised Price Target

JPMorgan analysts increased their price target on Netflix (NASDAQ:NFLX) from $480.00 to $510.00, maintaining an Overweight rating. The analysts observed that following the third-quarter...

Amazon to buy solar energy from repurposed coal mine, Maryland project one among 78

Amazon (AMZN) will buy clean and renewable energy from a solar project in Maryland. The Garrett County project is built on a brownfield that...

Moody’s lowers U.S. outlook to negative, Treasury Department disagrees

Moody's Investors Services cut its rating outlook on the government of the United States to negative on Friday. It cited rising risks to fiscal...

IRS Announces New Tax Brackets for inflation adjustments for tax year 2024

The Internal Revenue Service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate...

Meta connects with Amazon to let web fans shop at Amazon on its apps

Meta and Amazon (AMZN) have connected to making shopping easier for web fans. Meta the parent of Facebook, Instagram and WhatsApp wants its web...

The Trade Desk Plunges 23 percent on Weak Outlook

Shares of The Trade Desk Inc. (NASDAQ:TTD) plunged 23% in pre-market today, which followed the company's announcement of third-quarter earnings that surpassed expectations, but...

Wynn Resorts Plunges 7 percent Despite Q3 Beat & Labor Deal With Hospitality Workers

Wynn Resorts (NASDAQ:WYNN) saw its shares drop by over 7% intra-day today, despite reporting third-quarter results that exceeded expectations, as well as hospitality workers...

Illumina Plummets 14 percent Following Q3 Results & Weak Guidance

Shares of Illumina (NASDAQ:ILMN) experienced a significant decline, dropping over 14% intra-day today, following the announcement of the company's third-quarter results and a reduction...

Hologic Shares Surge 6 percent on Q4 Beat

Hologic (NASDAQ:HOLX) experienced a more than 6% increase in its share price intra-day today, following the announcement of its fourth-quarter results. The company reported...

GoodRx Shares Plunge 18 percent Following Q3 Report

Shares of GoodRx Holdings (NASDAQ:GDRX) closed trading on Thursday with a significant loss of over 18%, following the company's announcement of its third-quarter results. The...

Walmart makes changes for morning shoppers, calmer shopping experiences to help customers, employees

Walmart, the nation's largest retailer, has always put the wellbeing of its customers and employees in the forefront. On Tuesday, the big box retailer...

Samsung leaves Apple behind by launching generative AI model to be used for its devices

Samsung Electronics announced the launch of a new generative artificial intelligence model on Wednesday. It suggested that all its devices would soon carry the...

Chinese fashion retailer Shein eyes a $90 billion valuation in its U.S. initial public offering,

According to Bloomberg News, the major international e-commerce fashion business Shein is reportedly aiming for an extraordinary $90 billion value in its upcoming initial...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 10, 2023

Following a disappointing Treasury auction for investors and Fed Chair Jerome Powell's hawkish-toned speech on inflation, Wall Street equities fell on Thursday as bond...

Mortgage rates dropped to the lowest rate this year

Indicators of a faltering US economy accompany the largest decline in mortgage rates in more than a year. The decrease in rates slightly increased the...

Disney Stock Gains 4 percent After Q4 Earnings Beat

Walt Disney (NYSE:DIS) surpassed analysts' expectations with its fiscal fourth-quarter earnings, bolstered by the performance of its direct-to-consumer segment, including Disney+, which attracted more...

Lyft Beats Q3 Expectations

LYFT (NASDAQ:LYFT) surpassed third-quarter revenue and earnings estimates, announcing an adjusted EBITDA of $92.3 million alongside a revenue increase to $1.16 billion, a 10%...

AppLovin Gains 6 percent Following Q3 Earnings Report

Shares of AppLovin (NASDAQ:APP) surged more than 6% intra-day today following the announcement of robust earnings for the third quarter. The company's revenue for the...

Take-Two Posts Mixed Q2 Results, Shares Drop 3 percent

Take-Two Interactive Software (NASDAQ:TTWO) reported mixed results for its second quarter on Wednesday but maintained its full-year outlook and expressed confidence in its positioning...

Arm Holdings Stock Plunges 6 percent on Muted Outlook

Arm Holdings (NASDAQ:ARM), which entered the public market on September 14, witnessed its stock fall by more than 6% intra-day today after releasing its...

WeWork files for Chapter 11 bankruptcy in U.S., Canada, international offices remain

WeWork (WE) filed for Chapter 11 bankruptcy on Monday. The office-sharing company was valued at $47 billion in 2019. It failed in its initial...

Walmart Early Black Friday Deals Begin, Up To 83 Percent Off, Shop Before Stocks Run Out

Walmart has started its Black Friday deals early and some items are also selling so fast that the big box retailer is running out...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 9, 2023

The widely monitored Dow Jones Industrial increased on Thursday morning as markets processed the Labour Department's initial round of jobless claims. In today's stock...

Bumble Drops 6 percent Following Q3 Results

Shares of Bumble (NASDAQ:BMBL) dropped over 6% pre-market today after the company reported third-quarter earnings. The company's revenue increased by 18.4% year-over-year to $275.5 million,...

Rivian Posts Q3 Revenue Beat, Raised Production Guidance

Rivian Automotive (NASDAQ:RIVN) reported its third-quarter earnings and updated its production forecast for the year. The company posted revenues of $1.34 billion, surpassing the consensus...

Upwork Stock Surges 23 percent on Strong Q3 Beat & Outlook

Shares of Upwork (NASDAQ:UPWK) saw a significant 23% increase intra-day today after the freelancing platform beat third-quarter results expectations. The company reported earnings per share...

Axon Surges 4 percent Following Beat & Raise

Axon (NASDAQ:AXON) shares gained more than 4% intra-day today after the company delivered third-quarter financial figures that surpassed expectations. The company reported robust earnings of...

Robinhood Plunges 14 percent on Q3 Revenue Miss

Robinhood Markets (NASDAQ:HOOD) shares plunged more than 14% intra-day today after the brokerage firm released its third-quarter earnings, which showed revenues missing analyst expectations...

Elon Musk launches AI chatbot that ‘loves sarcasm’, has ‘a bit of wit’

Elon Musk posted on his social media platform that his company xAI has developed a chatbot called “Grok.” Initially, it would be available for...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 8, 2023

Last week saw the largest one-week decline in mortgage rates in more than a year, which led to the first uptick in mortgage demand...

Datadog Stock Jumps 22 percent Following Q3 Beat

Shares of Datadog (NASDAQ:DDOG) experienced a 22% spike pre-market today after the company reported a quarter that exceeded Street expectations. The company, which specializes in...

Goodyear Tire Reports Q3 EPS Beat, Revenues Miss, Shares Up 3 percent

Goodyear Tire (NASDAQ:GT) shares rose more than 3% intra-day today after the company released its third-quarter financial results, revealing earnings per share (EPS) of...

IFF Posts Q3 Beat, Reaffirms Guidance

Shares of IFF (NYSE:IFF) released its third-quarter financial results yesterday. Earnings per share (EPS) came in at $0.89, exceeding the Street expectations of $0.75....

RingCentral Stock Gains 2 percent Following Strong Q3 Results

RingCentral (NYSE:RNG) witnessed its shares rise more than 2% intra-day today after the company released its third-quarter financial results. The earnings per share (EPS)...

TransMedics Jumps 50 percent on Raised Guidance

TransMedics Group (NASDAQ:TMDX) experienced a significant surge in its stock value, with an over 50% increase intra-day today following the company’s third-quarter earnings that...

Here Come the Pink Slips: Citigroup Plans for a 10% Workforce Reduction

One of the biggest financial firms in the world, Citigroup (C), recently revealed that it will be reducing its personnel by 10%. The choice...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 7, 2023

The dollar strengthened and stocks fell. S&P 500 futures dropped roughly 0.3%, signaling that the US equity benchmark will end a six-day winning run....

Dish Networks Stock Plunges 7 percent Following Q3 Miss, CEO Resigns

Dish Networks (NASDAQ:DISH) shares dropped more than 7% pre-market today following the announcement of third-quarter results that fell short of expectations. The company reported a...

H.C. Wainwright Initiates Coverage on Bitcoin Depot With Buy Rating

H.C. Wainwright analysts started covering Bitcoin Depot (NASDAQ:BTM) with a Buy rating and a $6.00 price target. The analysts remarked that Bitcoin Depot, founded...

Booking Stock Gains 4 percent on DA Davidson Upgrade

DA Davidson analysts upgraded Booking Holdings (NASDAQ:BKNG) to Buy from Neutral, maintaining a $3,400 price target. As a consequence, shares rose more than 4%...

Bilibili Started With Buy Rating at Mizuho Securities

Mizuho analysts initiated a Buy rating for Bilibili (NASDAQ:BILI) with an $18 price target, citing the company's potential to more than double its total...

Lincoln Educational Services Jumps 9 percent on Q3 Beat

Lincoln Educational Services (NASDAQ:LINC) shares jumped more than 9% intra-day today after the company reported its Q3 results, with EPS of $0.07 surpassing Street...
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