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Business

Watch Is Walmart launching a 4K Chromecast, smart speaker? CWEB investigates

CWEB is investigating whether Walmart (WMT) is ready to roll out a new 4K Chromecast smart speaker, the Onn “Pro” Google TV 4K streaming...

CVS shares tumble 18 percent after quarter report, CWEB analysts analyze results

CVS shares tumbled by 18 percent early Wednesday after the giant pharmaceutical and insurance company reported its quarter results. CVS missed Wall Street analysts'...

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)...

Walmart teams with celebrity Patrick Mahomes, Becky G and Barbie, web fans are delighted

Have you ever wondered about the items your favorite celebrity stars shop for from Walmart? Well, the nation's largest retailer has collaborated with a...

MyPillow CEO Mike Lindell auctions equipment and subleases space after retail sales fall

MyPillow CEO Mike Lindell has confirmed that he is auctioning surplus equipment and subleasing vacant space after his products continue to be off the...

Is This a Good Time to Invest in Intel, Nvidia, Micron and More? Let’s See Where the Chips Fall

The Biden administration issued a set of export regulations in October of last year, prohibiting Chinese companies from acquiring sophisticated semiconductors and chip-making machinery...

CPI Report-Inflation slows down once again in June as increases in grocery costs stall.

  The consumer price index increased 0.2% in June and was at its lowest point since March 2021, when it was up 3% from a...

Rite Aid shares fall amid report of alleged Chapter 11 bankruptcy

Rite Aid (RAD) shares fell by 3 percent during regular trading on Monday and by 2.5 percent post market on the same day. The...

Bombshell report Reveals H&R Block employed Meta- Sensitive Data Compromised for tens of millions of Americans

Bombshell report Reveals H&R Block (HRB) employed Meta- Sensitive Data Compromised for tens of millions of Americans To assist with their marketing efforts, H&R Block...

VMware Jumps 5 percent as EU Set to Approve Broadcom Acquisition

VMware (NYSE:VMW) shares closed with more than a 5% gain on Tuesday after The Financial Times reported that European Union regulators are set to...

MakeMyTrip Reiterated With Buy Rating at Citi

Citi analysts reaffirmed a Buy rating and a $43.00 price target on MakeMyTrip (NASDAQ:MMYT). The analyst highlighted positive catalysts for MakeMyTrip, driven by resilient...

DraftKings Shares Gain 5 percent on BofA Upgrade

DraftKings (NASDAQ:DKNG) received an upgrade from BofA on Wednesday, shifting the rating from Neutral to Buy and raising the price target from $25 to...

Holley Earns 2 Upgrades, Shares Surge 21 percent

Holley (NYSE:HLLY), a provider of high-performance aftermarket automotive products, saw its shares rise after receiving upgrades from JPMorgan and Bank of America. The stock...

Lucid Reiterates Neutral Rating After Disappointing Q2 Deliveries, Stock Drops 11 percent

Citi reaffirmed its Neutral rating and $8.00 price target for Lucid Group (NASDAQ:LCID). In their analysis, Citi noted that Lucid reported Q2 deliveries of...

CWEB Business News Letter July 12th 2023

Iger's contract at Disney has been extended for two more years, till 2026. Philip Jefferson, Lisa Cook, and Adriana Kugler, three of Vice...

An International Technology Company’s Former Security Engineer Was Arrested for Defrauding a Decentralized Cryptocurrency Exchange.

Damian Williams, the United States Attorney for the Southern District of New York, Chad Plantz, the Special Agent in Charge of the San Diego...

Bank of America to pay $250 million in fine for double-charged customer fees, withheld perks and more

On Tuesday, Bank of America (BAC), the second largest bank in the nation agreed to pay a hefty fine of $250 million after it...

Apple’s Price Target Raised at KeyBanc

KeyBanc raised the price target for Apple (NASDAQ:AAPL) from $180 to $200 and maintained an Overweight rating on the stock. However, the analysts emphasized...

Salesforce Stock Soars 4 percent Following Price Increase Announcement

Salesforce.com (NYSE:CRM) shares gained more than 4% intra-day today after the company announced a 9% price increase across various products. Evercore ISI reiterated an Outperform...

Citi Anticipates Intel to Beat Q3 Guidance

Citi maintained a Neutral rating and a price target of $29.50 per share on Intel (NASDAQ:INTC) shares ahead of the Q2 earnings, which is...

Mizuho Says Affirm’s Debit+ Looks Promising, Shares Surge 8 percent

Affirm (NASDAQ:AFRM) shares jumped more than 8% intra-day today after Mizuho Securities analysts raised their price target on the company to $20.00 from $17.00...

Verisign Stock Plunges 5 percent on Baird Downgrade

Verisign (NASDAQ:VRSN) shares dropped more than 5% intra-day today after Baird downgraded the company due to weaker domain growth. The firm lowered Verisign's rating...

CWEB Business News Letter July 11th 2023

As Twitter changed hands, Elon Musk believes the company's former legal counsel overcharged them by $90 million. If an agreement is not reached...

Title PainReform Ltd. Sees Huge Stock Price Increase

  Established in 2000, PainReform is a pharmaceutical powerhouse that trades on the NASDAQ under the mark "PRFX." The company has recently changed the par...

Renewable technology demand for silver might lead to struggle, as industrial demand to exceed jewelry demand

All precious metals have a value that is both cosmetic as in jewelry as well as value for industrial uses. Platinum, gold and silver...

CWEB Business News Letter July 10th 2023

In trading on Monday, shares of Groupon Inc (NASDAQ:GRPN) crossed above their 200-day moving average of $6.49, changing hands as high as $6.96...

Rivian’s Price Target Raised at Barclays

Barclays analysts, while maintaining an Overweight rating, revised their price target for Rivian Automotive (NASDAQ:RIVN) to $30.00, up from $22.00. The analysts expect Rivian...

Citi Predicts NVIDIA’s Market Share in AI Chips Market to Exceed 90 percent

According to a note by Citi analysts, NVIDIA (NASDAQ:NVDA) is poised to replicate Intel's dominance in the servers market, but this time in the...

Can Twitter Survive Now That Threads Has 100 Million Users? Web Fans are Counting.

  To compete with Elon Musk’s Twitter Mark Zuckerberg has launched Threads. The app's popularity is surging. In just five days, the text-based Instagram app...

Why is PayPal Stock a Buy?

  PayPal's (PYPL) numbers are excellent. Payment processing businesses can be quite lucrative when they reach critical mass. If you need proof, consider that both Visa...

DraftKings’ Price Target Raised at Oppenheimer on Higher Revenue Estimates

Oppenheimer analysts raised their price target on DraftKings (NASDAQ:DKNG) to $36.00 from $30.00 while reiterating their Outperform rating based on higher revenue forecasts. The...

Cedar Fair Slahsed to Neutral at Citi

Citi analysts downgraded Cedar Fair (NYSE:FUN) to Neutral from Buy and cut their price target to $41.00 from $50.00 due to disappointing visitation trends...

KLA Corporation Stock Drops Following KeyBanc Downgrade

KLA Corporation (NASDAQ:KLAC) shares were downgraded by KeyBanc to Sector Weight from Overweight. The downgrade came after the stock surpassed KeyBanc's previous price target...

Apple’s AppStore Shows Stronger Growth in Q3

According to BofA Securities analysts, Apple's (NASDAQ:AAPL) App Store revenue has shown stronger growth in Q3. The analysts shared information from SensorTower data, indicating...

Podiatrists Send Warning About the TikTok Viral Trend The “Barbie Foot Challenge”

The phrase "Barbie Foot Challenge" refers to the desire for feet that resemble Barbie dolls. Barbie dolls are renowned for having feet that are disproportionately...

Web fans excited as Elon Musk drives Tesla’s Cybertruck electric pickup prototype in Austin

Billionaire and Tesla CEO Elon Musk recently took to social media to announce that he drove the new Tesla-produced Cybertruck around Austin, Texas. This...

Rare Rembrandt Portraits Break Records at Auction, Bringing in $14 Million

The final known pair of Rembrandt portraits were just sold in an exciting auction that had art fans on the edge of their seats....
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