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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...

Chipotle Mexican Grill Well Positioned for Sales Growth

UBS maintained its Buy rating and $2,250 price target on Chipotle Mexican Grill (NYSE:CMG), citing positive findings from a recent UBS survey of approximately...

Sonos Announces Plans to Cut Workforce by 7 percent

Sonos (NASDAQ:SONO) intends to reduce its workforce by approximately 7%, as revealed in a filing with the U.S. Securities and Exchange Commission. The company...

AMD stock price rises as Amazon considers buying new AI chip, report says

Advanced Micro Devices Inc., (AMD) shares rose at pre-market on Wednesday, after there was a report that Amazon Inc. might buy its newest AI...

Analysts React to Home Depot’s 2023 Investor Conference

Home Depot (NYSE:HD) reaffirmed its fiscal 2023 guidance and provided an updated market stability base case outlook during its 2023 Investor and Analyst Conference...

Citi Expresses Optimism on Li Auto Shares

Citi initiated a "30-day positive catalyst watch” on Li Auto (NASDAQ:LI) while maintaining a Buy rating and a $54.30 price target on the shares....

SoFi Technologies Initiated With Buy Rating at BTIG

BTIG started coverage on SoFi Technologies (NASDAQ:SOFI) with a Buy rating, setting a price target of $14.00 on the shares. According to the firm, SoFi...

Advanced Micro Devices Stock Gains Following AI Chip Announcement

Shares of Advanced Micro Devices (NASDAQ:AMD) rose nearly 2% intra-day today after the semiconductor maker provided details about its new artificial intelligence chip called...

Shake Shack’s Price Target Raised at BTIG

BTIG analysts increased their price target on Shake Shack (NYSE:SHAK) to $85.00 from $75.00 while maintaining a Buy rating. The analysts anticipate that Shake Shack's...

Apple Downgraded to Neutral at UBS

UBS analysts downgraded Apple (NASDAQ:AAPL) to Neutral from Buy, while increasing their price target on the shares to $190 from $180, noting they believe...

Celebrity Dwayne The Rock Johnson launched tequila sells one million cases, web fans are overjoyed

Celebrity Dwayne The Rock Johnson launched an ultra-premium tequila brand in early 2020. More than three years later, the brand called Teremana Tequila crossed...

Price Growth Slowed in May for the U.S Economy but Concerns About Another Rate Hike Loom

  Inflation in the US continued to steadily decline last month, with consumer prices increasing by just 0.1% from April to May. However, several indicators...

NIO Reports Q1 Revenue Miss

NIO Inc. (NYSE:NIO) reported its Q1 earnings today, with a loss of RMB2.51 ($0.36) per share, surpassing the Street estimate of an RMB2.63 loss...

Planet Labs Stock Plummets 26 percent on Weaker Than Expected Guidance

Shares of Planet Labs (NYSE:PL) shares plunged more than 26% intra-day today after the company’s reported Q1 earnings results. Although Q1 EPS of ($0.13) exceeded...

The Duckhorn Portfolio Reports Q3 Beat, Provides Strong Guidance

The Duckhorn Portfolio (NYSE:NAPA) posted its Q3 earnings results yesterday, with revenue of $91.2 million coming in above the Street estimate of $89.79 million....

Walgreens Unveils a Chicago Store with Only Two Aisles. Is It to Prevent Theft?

Walgreens, one of the largest drugstore chains in the United States, is renowned for its extensive range of products catering to customers' everyday needs....

Walmart’s Store No8 and Outlier Ventures announce Web3 dCommerce Camp Accelerator Program

Web3 is not only an emerging technology that has various uses as it is a decentralized system but is also the future as the...

GameStop Terminates CEO Matthew Furlong, Appoints Ryan Cohen as Executive Chairman, Shares Trade 20% Lower

On Wednesday, video games retailer GameStop Corporation (GME) announced the removal of CEO Matt Furlong in a press release. The company stated that there...

Watch Bill Gates backed startup makes beer from shower drain water; Organic Greek filters tap water

As droughts increase and rainfall becomes more erratic it is important to recycle potable water from different and unlikely sources. Companies like Organic Greek...

TD SYNNEX’s Upcoming Q2 Earnings Preview

RBC Capital analysts provided their outlook on TD SYNNEX (NYSE:SNX) ahead of the company’s upcoming Q2 earnings report next month. The analysts expect largely in-line...

DocuSign Shares Jump 7 percent on Q1 Beat

DocuSign (NASDAQ:DOCU) shares surged more than 7% pre-market today after the company reported its Q1 earnings results, with EPS of $0.72 coming in better...

Google Cloud announces Generative AI collaboration with Mayo Clinic in Healthcare

  Google (GOOGL) Cloud announced that it is collaborating with Mayo Clinic on June 7. The two giants aim to transform healthcare using artificial intelligence...

Brown-Forman Reports Surprise Q4 Revenues

Brown-Forman (NYSE:BF-B) reported an unexpected rise in Q4 revenue yesterday despite inflationary pressures. Net sales grew by 5% to $1.05 billion, surpassing Street expectations....

Smartsheet Stock Drops 20 percent After Q1 Earnings

Smartsheet (NYSE:SMAR) shares plummeted more than 20% intra-day today after the company reported its Q1 earnings results, highlighted by weaker-than-expected billings. EPS of...

Signet Jewelers Shares Plunge 10 percent on Lowered Outlook

Signet Jewelers (NYSE:SIG) shares dropped more than 10% intra-day today after the company cut its guidance for the full-year profit and revenues. The company reported...

Carvana Shares Surge 26 percent on Revised Guidance

Carvana (NYSE:CVNA) shares jumped more than 26% intra-day today following the announcement of improved Q2 guidance. The company revealed that it anticipates achieving adjusted...

Macy’s Price Target Cut at UBS

UBS analysts lowered their price target on Macy (NYSE:M) to $12.00 from $12.75 while maintaining their Sell rating. The analysts expect broader economic factors...

Amazon’s Price Target Raised on Rapid AWS Growth

Piper Sandler raised the price target for Amazon (NASDAQ:AMZN) to $150 per share, up from the previous $130, citing a positive outlook for the...

NICE’s 2023 Investor Day Review

Oppenheimer analysts provided their key takeaways from NICE Ltd. (NASDAQ:NICE) 2023 Investor Day, which articulated a clear strategy to deliver continued profitable growth as...

Casey’s General Stores Shares Drop 5 percent After Q4 Miss

Casey's General Stores (NASDAQ:CASY) shares fell around 5% today after the company reported its Q4 results, with EPS coming in at $1.49, missing the...

Adobe’s Upcoming Q2 Earnings Preview

RBC Capital analysts shared their outlook on Adobe Inc. (NASDAQ:ADBE) ahead of the Q2/23 earnings announcement, scheduled on June 15, expecting the company to...

Campbell Soup Shares Plunge 9 percent Following Q3 Earnings

Campbell Soup (NYSE:CPB) reported its Q3 earnings results, with EPS of $0.68 coming in better than the Street estimate of $0.65. Revenue was $2.23...

Chris Licht Bids Farewell to CNN: A Change in Leadership

Chris Licht, the longtime face of CNN's (WBD) daily operations and executive producer of the network's leading morning program, "New Day," made an unexpected...

Uber’s Review From RBC Capital

RBC Capital analysts provided a review of Uber Technologies, Inc. (NYSE:UBER) following their quarterly driver supply analysis, which yielded more positive indications for the...

Couchbase Shares Plummet 21 percent on Weak Guidance

Couchbase (NASDAQ:BASE) shares dropped more than 21% intra-day today after the company reported its Q1 earnings, with EPS coming in at ($0.27), above the...

Vale Upgraded to Outperform at RBC Capital

RBC Capital analysts upgraded Vale S.A. (NYSE:VALE) to Outperform from Sector Perform, setting a new price target of $15.00 (previously $13.00). The firm anticipates...

The Duckhorn Portfolio’s Upcoming Q1 Earnings Preview

RBC Capital analysts provided their outlook on The Duckhorn Portfolio, Inc. (NYSE:NAPA) ahead of the company’s Q1/23 earnings, scheduled to be announced on June...

Nevro Stock Plummets 20 percent on Guidance Cut

Nevro Corp. (NYSE:NVRO) shares plunged nearly 20% intra-day today after the company announced that it lowered its revenue guidance for Q2/23 and announced a...

HealthEquity Stock Soars 11 percent on Better Than Expected Q1 Results

HealthEquity (NASDAQ:HQY) shares gained more than 11% intra-day today after the company reported its Q1 earnings results, with revenue coming in at $244.4 million,...

The sharp monthly increase in Groupon (GRPN) stock points to an impending positive turnaround

In the months of May and June, shares of Groupon (NASDAQ: GRPN) have returned to over 73% to investors. These are encouraging signs of...

Ford Issues Major Recall of 125,000 Vehicles

According to Ford (F), the sensor in these vehicles may be vulnerable to damage when the battery or other connected electrical components are serviced...

PGA Tour and LIV Golf Announce Game-Changing Merger

The PGA Tour has formally decided to merge with its Saudi-funded rival, LIV Golf, in a ground-breaking decision that shocked the golfing community. The...

10 deaths linked to recalled baby lounger – Product still being sold on social media

Two further infant deaths were reported shortly after the 2021 recall, prompting CPSC and The Boppy Company to urge consumers to stop using recalled...

SEC files charges against Coinbase for U.S. securities law violations, stock tumbles

  Coinbase Global Inc. (COIN) was sued by the Securities and Exchange Commission, on June 6. In a press release the federal government agency said...

SEC files charges against Binance and CEO Changpeng Zhao for U.S. securities violations

On Monday June 5, the U.S. Securities and Exchange Commission posted a press release on its site that said that it has filed 13...

Brown-Forman’s Upcoming Q4 Earnings Preview

RBC Capital analysts shared their outlook on Brown-Forman (NYSE:BF-B) ahead of the company’s Q4/23 earnings announcement, expecting organic growth of (1.5%), compared to the...

GitLab Stock Jumps 27 percent After Strong Q1 Earnings

GitLab (NASDAQ:GTLB) shares surged more than 27% intra-day today after the company delivered a strong start to the year pairing top-line outperformance with margin...

Walmart’s Review Following Analysts Day & Shareholder Meeting

Oppenheimer analysts provided a review on Walmart Inc. (NYSE:WMT) after attending the analyst event and shareholder meeting. According to the analysts, their confidence in...

Estee Lauder Downgraded at Oppenheimer, Shares Fall 2 percent

Oppenheimer analysts downgraded Estee Lauder (NYSE:EL) to Perform from Outperform and removed their previous $250 price target on the stock. Shares fell more than...
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