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Business

Investing in Groupon (GRPN) stock could be a compelling proposition. CWEB Analyzes the trends.

Let’s explore why investing in Groupon (GRPN) stock might be an interesting consideration: Recent Analyst Coverage: Roth MKM initiated coverage on Groupon with a buy rating and a price...

Eli Lilly Shares Gain 6 percent Following Q1 Results

Eli Lilly & Co (NYSE:LLY) experienced a 6% increase in its share price in pre-market today, following the announcement of its first-quarter financial results...

Netflix posts mixed Q2 earnings, stock plunges 8 percent

Following Netflix's (NASDAQ:NFLX) mixed Q2 earnings report, the company's shares experienced a decline of over 8% yesterday. While the EPS of $3.29 surpassed the Street...

Backlash Against In-N-Out Burger: Outrage Over Controversial Ban on Face Masks at Locations

Known for its mouthwatering burgers and enduring logo, In-N-Out Burger recently caused a sensation by making the unexpected decision to forbid face masks at...

Microsoft announces AI tools Microsoft 365 Copilot, Bing Chat Enterprise Prices, stocks rise

  Microsoft (MSFT) announces its pricing on its new artificial intelligence (AI) tools such as Microsoft 365 Copilot and Bing Chat Enterprise. These offerings were...

Walmart announces 50 percent cut in Walmart Plus membership for households who get food stamps and government aid

Walmart (WMT), the nation's largest retailer has announced that Americans who receive food stamps as well as those who receive other types of assistance...

CWEB Business News Letter July 19th 2023

  Coors Light® hopes that serious soccer fans will be able to relax this summer. During the high-stakes Leagues Cup event, even the most...

Sony’s PlayStation to keep Activision’s Call of Duty after signing deal with Microsoft

Sony (SONY) and Microsoft (MSFT) have agreed that the popular game Call of Duty will remain on the entertainment giant's PlayStation gaming consoles. The...

VMware Stock Jumps 7 percent on U.K. CMA’s Provisional Clearance of Broadcom Acquisition

VMware (NYSE:VMW) stock jumped more than 7% pre-market today following the provisional clearance by the U.K.'s CMA for Broadcom's anticipated acquisition of the company....

Macy’s Stock Up 2 percent Following On 34th Brand Announcement

Macy's (NYSE:M) shares gained more than 2% intra-day today following the announcement of its new private brand, On 34th. On 34th is a collection of...

Coinbase Shares Gain 3 percent on Analyst Upgrade

Compass Point analysts increased their price target on Coinbase Global (NASDAQ:COIN) to $145 from $100 while keeping their Buy rating unchanged. As a result,...

Goldman Sachs Reports Q2 EPS Miss

Goldman Sachs (NYSE:GS) announced its Q2 earnings results today, with EPS coming in lower than expected. The bank faced several challenges, including charges associated...

Carvana Stock Jumps 40 percent on Q2 Beat

Carvana (NYSE:CVNA) shares jumped more than 40% today after the company reported its Q2 earnings results, with EPS of ($0.55) coming in better than...

Your Money: Are Credit Card Rewards Considered Taxable Income?

The Internal Revenue Service (IRS) of the United States does not generally see credit card incentives as taxable income. Credit card incentives are not...

The White House collaborates with Google, Amazon, and Best Buy to protect devices against cyberattacks.

A cybersecurity certification and labeling program was just unveiled by the Biden-Harris administration to make it easier for Americans to select smart gadgets that...

PNC Financial Reports Q2 Revenue Miss, Cuts Guidance

PNC Financial Services (NYSE:PNC) reported its Q2 earnings results on Tuesday, with EPS of $3.36 coming in above the Street estimate of $3.29. However,...

Novartis Stock Surge 4 percent Following Q2 Earnings

Novartis (NYSE:NVS) shares gained more than 4% intra-day today after the company exceeded expectations with its Q2 results. The company reported EPS of $1.83...

Apple’s Upcoming Q3 Earnings Preview

Jefferies analysts anticipate a "quiet quarter" for Apple (NASDAQ:AAPL), but raised the price target to $225 from $210 ahead of the upcoming Q3/23 earnings,...

Uber Price Target Raised at Roth/MKM, Shares Surge

Roth/MKM analysts increased the price target for Uber (NYSE:UBER) to $59.00, maintaining a Buy rating. Shares rose more than 3% intra-day today. The analyst...

CWEB Business News Letter July 17th 2023

Lockheed may have to wait until it proves the new F-35 software works to receive a $400 million payment. How China Quickly Became the Global...

Yelp Stock Surges 4 percent on Goldman Sachs Upgrade

Yelp's shares (NYSE:YELP) gained more than 4% in pre-market today following an upgrade from Goldman Sachs, which raised the rating of Yelp shares from...

Twilio Stock Falls on Piper Sandler Downgrade

Twilio (NYSE:TWLO) stock price dropped by more than 2% intra-day today following a downgrade by Piper Sandler. The downgrade was based on the expectation...

Yeti Plunges 5 percent Following KeyBanc Downgrade

Yeti Holdings (NYSE:YETI) has been downgraded from Sector Weight to Underweight by KeyBanc analysts. As a result, shares dropped more than 5% intra-day today. The...

Wells Fargo Reports Q2 Beat

Wells Fargo (NYSE:WFC) released better-than-expected Q2 results on Friday. The company reported EPS of $1.25, surpassing the Street estimate of $1.18. The revenue for...

Nokia Shares Drop 8 percent After Preliminary Q2 Earnings

Nokia (NYSE:NOK) announced preliminary results for the Q2 that were below expectations, leading to a more than 8% decline in its shares on Friday. Nokia...

Web fans speculate as Elon Musk suggests using Twitter as dating site amidst ‘everything app’ endeavor

Elon Musk, the owner of Twitter, recently surprised web fans as he put forth an unconventional idea of using his short-message social media platform...

Grand Prix Owner Ong Beng Seng Arrested on Anti-Corruption Probe

  In a shocking turn of events, Singapore's anti-corruption drive has taken a significant leap forward as the investigation into corrupt practices expands its scope...

CWEB Business News Letter July 16th 2023

In the event of a strike, the UPS union has asked Vice President Joe Biden not to intervene. Storms Across The Northeastern United States Bring...

BlackRock Reports Q2 EPS Beat, But Money Inflows Decelerate

BlackRock (NYSE:BLK), the largest asset manager globally, reported its Q2 earnings results on Friday, with EPS of $9.28 coming in better than the Street...

Coinbase Price Target Raised at Needham Following Ripple Case Court Ruling

Needham analysts increased Coinbase Global (NASDAQ:COIN) price target to $120.00 from $70.00 while keeping their Buy rating unchanged. This adjustment follows a summary judgment...

General Mills Earns an Upgrade at Argus

Argus analysts raised their rating of General Mills (NYSE:GIS) from Hold to Buy, setting a price target of $90.00. General Mills holds a prominent position...

Citigroup Reports Better Than Expected Q2 Results

Citigroup (NYSE:C) reported its Q2 earnings results on Friday, with EPS of $1.33 beating the Street estimate of $1.30. Revenue came in at $19.4...

EU users cannot access Threads, Meta says it’s blocking EU users from the app via VPN

Although Meta Platforms launched its new app Threads via its popular app Instagram for users in the U.S. and U.K., and many other countries,...

CWEB Business News Letter July 15th 2023

The U.S. economy, according to CEO Jamie Dimon, is holding strong. People's bank accounts are in good shape, they're spending money, and the job...

Why U.S. municipalities are electing “Night Mayors” to rule during the wee hours

New York is famous for being the city that never sleeps, but officials in the Big Apple, and other major U.S. urban centers, only...

Celebrity Kevin Hart’s organic nutritional wellness brand, VitaHustle, makes nationwide debut at Walmart, web fans excited

Celebrity comedian and businessman Kevin Hart recently unveiled the nationwide launch of VitaHustle®, his exceptional organic nutritional wellness brand, now available at Walmart. VitaHustle's...

Federal prosecutors arrest former Celsius CEO on fraud charges, company to pay billions in settlement

On Thursday, federal prosecutors arrested former Celsius CEO Alex Mashinsky and also charged an important executive Roni Cohen-Pavon on federal securities fraud charges. These...

MyPillow Lindell auctioning off hundreds of items as retailers drop products

MyPillow's excess industrial equipment, including that from the company's Minnesota plant, is currently being sold at online auction. The goods that are up for auction...

NVIDIA Price Target Raised at Truist

Truist Securities analysts raised their price target for NVIDIA (NASDAQ:NVDA) to $545.00 from $470.00 while reiterating their Buy rating on the stock. According to...

Plug Power Earns an Upgrade at Northland Capital, Shares Surge 5 percent

Analysts at Northland Capital Markets raised their rating of Plug Power (NASDAQ:PLUG) from Market Perform to Outperform. They set a price target of $22.00...

CWEB Business News Letter July 14th 2023

Futures for major U.S. stock markets were marginally higher on Friday as investors awaited quarterly reports from major banks like JPMorgan (NYSE:JPM) and...

Web fans excited as Elon Musk launches new company, xAI, to understand ‘true nature of the universe’

CEO of Tesla (TSLA), SpaceX, and owner of Twitter, Elon Musk, recently announced the debut of xAI, his new AI company. The company's goal...

Farmers Insurance Joins Exodus from Florida: Implications for Rising Insurance Rates

In a move that has sent shockwaves through the insurance industry, Farmers Insurance recently announced its decision to pull out of the Florida market....

WW Grainger Stock Falls After UBS Downgrade

WW Grainger (NYSE:GWW) experienced a drop of over 2% during trading today following UBS's decision to downgrade the company from Buy to Neutral. UBS...

Amazon Reiterated With Outperform Rating Ahead of Q2

TD Cowen analysts reaffirmed an Outperform rating and a price target of $150.00 for Amazon.com (NASDAQ:AMZN) ahead of the Q2 earnings results, scheduled to...

SoFi Technologies Shares Fall 4 percent on Morgan Stanley Downgrade

SoFi Technologies (NASDAQ:SOFI) shares fell more than 4% intra-day today following a downgrade by Morgan Stanley, which was based on the assessment that the...

Progressive Stock Plunges 11 percent After Q2 Miss

Progressive (NYSE:PGR) shares dropped more than 11% intra-day today after the company reported its Q2 earnings results, with EPS of $0.57 coming in worse...

PepsiCo Reports Q2 Beat & Raises 2023 Guidance

PepsiCo (NASDAQ:PEP) reported its Q2 earnings results, with EPS of $2.09 coming in better than the Street estimate of $1.96. Revenue was $22.32 billion,...

FTC To Appeal Judge’s Ruling for Microsoft’s $69 billion merger with Activision

The FTC will challenge the court's judgment that the Microsoft-Activision merger won't harm competition. Friday at midnight, Judge Corley's order to halt the transaction expires. Regulators...

CWEB Business News Letter July 13th 2023

CEO of Disney Seeking TV Transition Partners Nvidia is placing bets on artificial intelligence for the development of therapeutics. The artificial intelligence (AI)...
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