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Business

Marathon Petroleum Q1 2024 Earnings Preview: EPS, Revenue, and Stock Insights

Marathon Petroleum's Earnings Report Anticipation On Tuesday, April 30, 2024, before the market opens, MPC:NYSE is scheduled to release their earnings report for the quarter....

Loop Capital Markets Maintains ‘Buy’ Rating on BALL Corporation with Increased Price Target

Loop Capital Markets Maintains "Buy" Rating on BALL Corporation (NYSE:BALL) On Monday, April 29, 2024, Loop Capital Markets reaffirmed its confidence in BALL Corporation (NYSE:BALL),...

Block’s Price Target Raised at Mizuho Securities

Despite a 14% post-earnings sell-off due to slowing July gross profit trends, Mizuho Securities expressed confidence in Block (NYSE:SQ) and reiterated a Buy rating...

Monster Beverage Upgraded to Overweight at Piper Sandler

Piper Sandler analysts upgraded Monster Beverage (NASDAQ:MNST) to an Overweight rating from Neutral and increased their price target to $63.00 from the previous $60.00....

Amazon Stock Surges 8 percent Following Strong Q2 Results

In the second quarter, Amazon exceeded analysts' predictions, delivering impressive results and providing positive guidance for Q3. The company's cloud business performed exceptionally well,...

Musk’s platform X to pay legal bills if people are ‘unfairly treated’ for posting on X

Late Saturday, Elon Musk posted on his platform X saying that it would bear legal costs of those who posted on the platform if...

Campbell Soup to acquire Italian sauce brand Sovos in all cash deal

On Monday, Campbell Soup Company (CPB) and Sovos Brand Inc. announced that the companies have reached a cash deal and the famous chicken noodle...

Soft Bank sues social media startup for alleged faking of user numbers and engagement

Soft Bank's Vision Fund (SFTBY) I has sued a social media startup alleging that it had faked user numbers and engagement. The startup was...

CWEB Summarized Business Newsletter August 6th 2023

After Elon Musk declared that their fight would be streamed live on X, formerly known as Twitter, Mark Zuckerberg responded by striking back and...

Will KKR buy Simon & Shuster? Advance talks are on, report says

Paramount’s publishing arm Simon & Shuster has been on sale for the past few years. According to a Thursday report by a popular outlet,...

Meta Threads to add ‘Search and web’ in the next few weeks’ Mark Zuckerberg says

Meta Platforms (META) CEO Mark Zuckerberg posted in detail on his social media about the new features that would be added to the new...

Cloudflare Reports Q2 Beat, Shares Gain 6 percent

Cloudflare (NYSE:NET) posted better-than-expected Q2 earnings, resulting in a significant 6% surge in its shares on Friday. For the second quarter, the company reported earnings...

Yelp Stock Surges 5 percent on Better Than Expected Q2 Results

Yelp (NYSE:YELP) shares rose nearly 5% on Friday after the company released its Q2 results, showing earnings per share of $0.21, surpassing the Street...

Booking Shares Gain 7 percent on Q2 Beat

Booking (NASDAQ:BKNG) shares gained more than 7% yesterday following the release of stronger-than-expected Q2 results. The company's revenue witnessed an impressive 27% year-over-year rise, reaching...

Fortinet Stock Drops 25 percent Following Q2 Earnings

Fortinet (NASDAQ:FTNT) faced a significant decline in its shares, dropping more than 25% on Friday. The cause of the downturn was the company's disappointing...

Customers at Wells Fargo Report Missing Deposits

According to the bank, a "limited number" of Wells Fargo (WFC) customers have been unable to view recent deposits. Wells Fargo customers expressed worries...

CWEB Summarized Business Newsletter August 4th 2023

Apple (AAPL) stock dropped 2.1% in Thursday's after-market trade, after the tech titan reported another quarterly sales fall. Services revenue hit a record $21.2B...

Airbnb Reports Q2 Beat, Shares Rise

Airbnb (NASDAQ:ABNB) shares rose more than 1% intra-day today as the company exceeded revenue expectations and provided Q3 guidance that aligns with estimates. The company's...

Atlassian Jumps 18 percent Following Q2 Beat

Shares of Atlassian (NASDAQ:TEAM) experienced a remarkable surge of more than 18% intra-day today, following the software company's impressive Q4 results. Atlassian's reported adjusted EPS...

CWEB Summarized Business News Letter August 3rd 2023

The U.S. economy and its long-anticipated descent into recession are complex issues, and Friday's jobs data may reveal an important piece of the puzzle....

Qorvo Reports Better Than Expected Q1 Earnings

Qorvo (NASDAQ:QRVO) reported its Q1 results, with EPS of $0.34 surpassing the Street estimate of $0.15. Furthermore, the revenue for the quarter amounted to...

Clorox Soars 9 percent on Strong Q4 Earnings

After reporting its Q4 results, Clorox (NYSE:CLX) witnessed a significant surge of over 9% intra-day today. The company's earnings per share for the quarter...

Etsy Stock Plunges 13 percent Following Q2 Earnings

Etsy (NASDAQ:ETSY) experienced a nearly 13% decline intra-day today after reporting Q2 earnings that fell short of expectations. The company posted an EPS of 45...

Robinhood Shares Drop 6 percent Despite Q2 Beat

Despite beating expectations with a surprise profit, Robinhood Markets (NASDAQ:HOOD) experienced a decline of more than 6%. The company reported earnings per share of 3...

DoorDash Stock Gains on Q2 Beat & Better Than Expected Outlook

DoorDash (NYSE:DASH) shares rose more than 3% intra-day today following the company's release of a full-year forecast that surpassed expectations. The company reported a loss...

CWEB Summarized Business News Letter August 2nd 2023

Several firms reported dismal profits at the beginning of August, leading to a downward close for the S&P to begin the month. JetBlue was...

Match Group Shares Gain on Q2 Beat

Match Group (NASDAQ:MTCH) experienced a more than 3% intra-day gain today following the release of its Q2 financial results and the outlook for the...

Paycom Software Stock Drops 18 percent Following Q2 Report

Paycom Software (NYSE:PAYC) experienced an 18% decline in its shares intra-day today following the company's report of decelerating subscriber revenue growth. The company reported an...

Yum! Brands Posts Q2 Beat

Yum! Brands (NYSE:YUM), renowned for its ownership of KFC and Taco Bell, reported Q2 earnings of $1.41 per share, outperforming the analyst consensus estimate...

SolarEdge Technologies Stock Plunges 18 percent on Weak Outlook

SolarEdge Technologies (NASDAQ:SEDG) shares dropped more than 18% intra-day today following the release of a weaker-than-expected sales outlook for Q3. In its Q2 report, SolarEdge...

e.l.f. Beauty Stock Jumps 14 percent Following Impressive Q1 Results

e.l.f. Beauty (NYSE:ELF) witnessed a remarkable 14% surge in its shares intra-day today, attributed to the company's impressive Q1 financial results and outlook. The company...

Fitch Ratings downgraded its US debt rating from AAA+ to AA+

The credit rating firm Fitch Ratings has reduced the United States' credit rating from its long-standing AAA status to AA+, which has shocked the...

Building Inspectors Remove X Sign Above San Francisco’s Twitter Building Over Complaints

Building inspectors remove x sign above San Francisco's twitter building. The unpermitted structure was the subject of twenty-four complaints, according to the San Francisco...

CWEB Business News Letter August 1st 2023

The stock market has had a strong start to the month of August, with the S&P 500 Index (SP500) up 20% year-to-date. With markets...

ZoomInfo Technologies Drops 20 percent on Q2 miss

ZoomInfo Technologies (NASDAQ:ZI) experienced a sharp decline of nearly 20% pre-market today due to its weaker-than-expected revenue guidance for Q2. The company reported adjusted...

Pfizer Reports Q2 Beat

Pfizer (NYSE:PFE) reported better-than-expected results for the second quarter. The pharmaceutical giant achieved a profit per share of 67 cents on revenue amounting to...

Arista Networks Stock Surges 21 percent on Q2 Beat

Arista Networks (NYSE:ANET) shares jumped more than 21% intra-day today following the release of better-than-expected Q2 results and guidance. During the second quarter, Arista reported...

Western Digital Reports Weak Outlook Despite Q4 Beat

Western Digital (NASDAQ:WDC) is facing challenges as it guided for a larger loss in Q1/24, despite reporting Q4 results that surpassed Wall Street estimates....

Uber Falls 5 percent Following Q2 Results

Uber (NYSE:UBER) experienced more than a 5% decline in its shares intra-day today following the company’s reported Q2 results. During the second quarter, Uber reported...

CWEB Business News Letter July 31st 2023

Over the next five trading days, about a third of the S&P 500 businesses are expected to reveal profits. This is the second consecutive...

Why is Sundial Growers a perfect Buy with a major upside? The case for buying SNDL is getting stronger.

Sundial Growers Inc. (SNDL) is a publicly traded cannabis firm in Canada. There is full vertical integration at this cannabis firm. This indicates that...

ON Semi Stock Gains 3 percent on Q2 Beat

ON Semi (NASDAQ:ON) shares experienced an intra-day increase of more than 3% following the company's second-quarter earnings report, which surpassed Street expectations. The reported adjusted...

Wayfair Shares Surge 5 percent on Piper Sandler Upgrade

Wayfair (NYSE:W) experienced a more than 5% increase intra-day today following an upgrade from Piper Sandler. The analysts raised the stock's rating to Overweight...

Ford Downgraded at Jefferies

Jefferies downgraded Ford (NYSE:F) from a Buy to a Hold rating and lowered their price target on the stock from $17.00 to $15.00. The...

SoFi Technologies Stock Jumps 20 percent on Q2 Beat

SoFi Technologies (NASDAQ:SOFI) shares jumped more than 20% intra-day today following the digital lender's second-quarter results, which surpassed expectations. The company reported a loss...

Coursera Shares Surge 17 percent on Q2 Revenue Beat & Raised Guidance

Coursera (NYSE:COUR) shares jumped more than 17% on Friday after the company announced better-than-expected revenue figures for the second quarter, leading to an upward...

Celebrity ‘Queen of Groupon’ Tiffany Haddish takes ghost tour for Haunted Mansion, celebrity Jamie Lee Curtis, web fans shower admiration

Celebrity stand-up comedian and actress Tiffany Haddish, when it comes to getting ready for her movie roles, has a unique and unexpected secret weapon...

Trucking Firm Yellow Corporation lays off thousands, faces imminent bankruptcy amidst cash crunch

Yellow Corporation (YELL), the third-largest less-than-truckload company in the US, is allegedly grappling with a severe financial crisis that has led to significant layoffs...

Incandescent bulbs will soon be illegal to sell as of Tuesday

The Department of Energy released new regulations for lighting goods in May 2022. The sale of incandescent and halogen bulbs will be prohibited as...

Can Your Airline Sue You or Take Away Miles for Skiplagging? What Flyers Need to Know

The practice of "skipping" a flight, often referred to as Skiplagging, also known as "hidden city ticketing" or "point beyond ticketing," is a travel...
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