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Business

Cheniere Energy Q1 2024 Earnings Forecast: Insights and Expectations

Cheniere Energy, Inc. Earnings Preview On Friday, May 3, 2024, Cheniere Energy, Inc. (LNG:NYSE) is set to unveil its quarterly earnings before the market opens,...

Moderna’s Earnings Beat Forecasts with Strategic Growth on the Horizon

Moderna's Earnings Exceed Expectations On Thursday, May 2, 2024, Moderna (MRNA:NASDAQ) shared its earnings details before the market opened, revealing an earnings per share (EPS)...

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...

Whitney Wolfe Herd, founder and CEO of Bumble, is stepping down. CEO of Slack, Lidiane Jones, will assume the role.

  Whitney Wolfe Herd, the founder and CEO of Bumble (BMBL), has decided to step down from her role as the chief executive officer of...

FDA propose ban on BVO, an additive used in fruit-flavored sports drinks and sodas

On Thursday, the Food and Drug Administration (FDA) proposed a ban on the brominated vegetable oil (BVO) as a food ingredient in beverages. BVO...

Berkshire Hathaway reports 40 percent hike in earnings, $157 billion in cash, loses on investments

  Berkshire Hathaway reported its third quarter earnings on Saturday. The Oracle of Omaha has delivered and investors are pleased with the results. Warren Buffet...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 6, 2023

Following their greatest week of the year, stocks increased on Monday as expectations that the Federal Reserve would soon cease its tightening continued to...

Uber and Lyft reach agreement to pay $328 million for withholding drivers’ money

Uber and Lyft have agreed to pay a combined amount of $328 million to drivers, as they had withheld this money from them. New...

Apple Beats Q4 Expectations, But Shares Fall 2 percent on Soft Holiday Quarter Warning

Apple (NASDAQ:AAPL) announced a Q4 EPS of $1.46, surpassing analyst predictions by $0.07. The company's quarterly revenue reached $89.5 billion, slightly above the $89.31...

Coinbase Reports Q3 Beat, But Trading Volumes Drop

Coinbase (NASDAQ:COIN) reported Q3 earnings that exceeded expectations but experienced a decline in trading volumes for the second consecutive quarter. The company posted a Q3...

Booking Reports Better Than Expected Q3 Results

Booking Holdings (NASDAQ:BKNG) reported Q3 EPS of $72.32, outperforming the Street estimate of $67.78. Revenue increased by 21% from the previous year to $7.3...

Block Stock Jumps 12 percent on Raised Guidance Following Q3 Beat

Shares of Block Inc (NYSE:SQ) soared more than 12% intra-day today after the company increased its full-year adjusted EBITDA forecast. Block reported a significant year-over-year...

Fortinet Shares Drop 23 percent on Guidance Cut

Fortinet (NASDAQ:FTNT) reported a third-quarter EPS of $0.41, beating the analyst prediction by $0.05. However, its quarterly revenue of $1.33 billion fell slightly short...

Target CEO speaks of shoppers pull back, conservative approach to inventory, CNBC reports

Target (TGT) CEO Brian Cornell said that shoppers pull back had not only affected sales of discretionary items but also decreased purchases of groceries...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 3, 2023

October saw a slowdown in the growth of jobs in the U.S. economy, which confirmed long-standing predictions of a downturn and may have eased...

Palantir Shares Jump 17 percent on Q3 Beat & Raised Guidance

Palantir (NYSE:PLTR) outperformed expectations with a third-quarter earnings per share of $0.07, edging past the Street estimate of $0.06. The company's quarterly revenue also...

Eli Lilly Gains 4 percent on Better Than Expected Q3 Results

Eli Lilly (NYSE:LLY) posted a surprisingly positive third-quarter performance, reporting adjusted earnings per share of 10 cents, beating the expectations of a 20-cent loss...

Roku Jumps 30 percent as it Anticipates to be Profitable in Q4

Roku (NASDAQ:ROKU) delivered mixed third-quarter results, with a reported loss per share of $2.33, which was better than the anticipated loss of $1.96 per...

Zillow Beats Q3 Results, But Shares Drop 4 percent

Zillow Group (NASDAQ:Z) exceeded revenue expectations in its third-quarter earnings report, released after Wednesday's market close. However, shares dropped more than 4% intra-day today. The...

PayPal Shares Gain 6 percent on Q3 Beat & Guidance Raise

PayPal Holdings (NASDAQ:PYPL) experienced a 6% increase intra-day today after the company released its third-quarter earnings and provided forward-looking guidance. The company reported an earnings...

Jury Finds National Association of Realtors and some residential brokerages liable for $1.8 billion for inflating commissions

The National Association of Realtors (NAR), a well-known trade association for the real estate sector, and multiple residential brokerages have been found liable for...

WeWork to file for bankruptcy as early as next week, reports say

WeWork (WE), an office-sharing firm, is expected to file for bankruptcy as early as next week, according to reports from multiple outlets. The troubled...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 2, 2023

On Wednesday, the Federal Reserve left its benchmark interest rate in the range of 5.25%-5.50% unchanged, the highest in 22 years, as officials continue...

Pfizer reports losses in third quarter, as demand for Covid vaccines, treatment falls, stock fall

  Pfizer (PFE) reported its third quarter results on Tuesday and stocks fell by about 2 percent, in early trading. The giant pharmaceutical company has...

Shares of WeWork Dive 37 percent Following Bankruptcy Speculation

WeWork (NYSE:WE), once valued at $47 billion, is on the brink of filing for bankruptcy as early as next week, according to sources cited...

Boeing Receives an Upgrade From Goldman Sachs

Boeing (NYSE:BA) shares saw an uptick of over 1% intra-day today after Goldman Sachs analysts included the stock in their 'US Conviction List’. The...

Wayfair Gains 4 percent Following Q3 Earnings

Wayfair (NYSE:W) saw its shares gain more than 4% intra-day today following its third-quarter results, which presented a mixed picture. For the quarter, Wayfair posted...

Canada Goose Shares Drop 9 percent on Guidance Cut

Canada Goose (NYSE:GOOS) unveiled its second-quarter results, with projections for the full year falling short of analyst forecasts. As a result, shares plunged more...

Humana Beats Q3 Estimates, Provides Guidance

Humana (NYSE:HUM) posted impressive third-quarter results, outperforming Wall Street analysts’ predictions. The company announced an adjusted EPS of $7.78, beating the projected $7.16. Additionally,...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 1, 2023

As investors considered new consumer confidence statistics and anticipated the Federal Reserve's imminent policy announcement on Wednesday, US stocks, which are poised for their...

Maui Mayor Says Maui Will Reopen to Tourists on November 1st, But Residents Are Concerned

It was in August 2022 when the devastating wildfires wreaked havoc across the picturesque landscapes of Maui, leaving a trail of destruction and claiming...

“Pharmageddon” strikes cause walkouts at several pharmacies, such as CVS and Walgreens.

"Pharmageddon" strikes the United States, causing walkouts at several pharmacies, such as CVS and Walgreens (WBA). Organizers have projected that roughly 4,500 pharmacists and pharmacy...

Arista Networks Stock Surges 10 percent on Q3 Beat & Strong Guidance

Arista Networks (NYSE:ANET) shares experienced a nearly 10% jump in pre-market trading on Tuesday after the company announced its third-quarter results and future outlook,...

ZoomInfo Technologies Shares Drop 12 percent Despite Q3 Beat

ZoomInfo Technologies (NASDAQ:ZI) released its Q3 results, posting an EPS of $0.26, slightly above the market prediction of $0.25. The company's revenue for the...

JetBlue Airways Stock Plunges 14 percent on Outlook Cut

Shares of JetBlue Airways (NASDAQ:JBLU) dipped over 14% intra-day today following the airline's revised full-year revenue projections. In the third quarter, JetBlue recorded a per-share...

V.F. Corp Stock Drops 12 percent on Following Q2 EPS Miss, Guidance Withdrawal & Dividend Reduction

V.F. Corp. (NYSE:VFC) shares plummeted over 12% intra-day due to its Q2 EPS falling short, withdrawn guidance, and a reduced dividend. The reported Q2...

Chegg Shares Drop 13 percent on Weak Guidance

After releasing its Q3 results, Chegg (NYSE:CHGG) shares experienced a more than 13% decline intra-day today. Although the company reported an EPS of $0.18...

Best Buy recalls close to one million Insignia pressure cookers for burn hazards

Best Buys (BBY) has recalled about 930,000 Insignia pressure cookers in the U.S. On October 26, 2023, the United States Consumer Product Safety Commission...
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