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Business

Baidu Inc. Reports Mixed First-Quarter Earnings

Baidu Inc.  reported an EPS of $0.2675, missing expectations but exceeding revenue forecasts with $4.36 billion. The stock experienced a decline of up to 5.5%...

DXC Technology’s Financial Performance Analysis

DXC Technology reported an EPS of -$1.10, missing expectations but exceeding revenue forecasts with $3.39 billion. The company's ability to surpass revenue expectations despite a decrease...

IBM to acquire FinOps company Apptio for $4.6 billion

IBM (IBM) announced on Monday that it is planning to acquire Apptio Inc., a company that offers FinOps for $4.6 billion. As the digital...

When is Amazon Prime Day Sale in 2023? What are the best deals?

Amazon has announced the date for its Amazon Prime Day sale this year. The dates are July 11 and July 12, 2023. This sale...

Legacy Media Warner Bros, Disney, Discovery, Paramount Miss Growth Expectations while Netflix, YouTube, TikTok Gain Ground

The first six months of 2023 have proven to be a disappointing period for the legacy media industry. Despite hopes of a rebound from...

Goldman Sachs is Bullish on First Solar

Goldman Sachs reiterated its Buy rating and $272.00 price target on First Solar (NASDAQ:FSLR), noting it is bullish on the company due to upcoming...

Walgreens Boots Alliance Stock Plunges 8 percent on Weak Q3 Earnings & Guidance Cut

Walgreens Boots Alliance (NASDAQ:WBA) shares dropped around 8% pre-market today after the company reported its Q3 earnings, with EPS of $1.00 coming in worse...

Alibaba Downgraded at Bernstein

Bernstein analysts downgraded Alibaba (NYSE:BABA) stock despite its "very cheap" valuation. They shifted from an Outperform rating to a Market Perform rating and reduced...

Delta Air Lines Stock Gains 3 percent Following Guidance Update

Delta Air Lines (NYSE:DAL) shares surged more than 3% today morning following the company's announcement that it anticipates its full-year profit forecast to be...

Snowflake Stock Gains 3 percent on NVIDIA Partnership

Shares of Snowflake (NYSE:SNOW) rose more than 3% intra-day today after the company announced a new partnership with leading chip manufacturer NVIDIA. Under this collaboration,...

SYNNEX Stock Plummets 7 percent Following Q2 Miss

SYNNEX (NYSE:SNX) shares fell more than 7% intra-day today after the company reported its Q2 earnings results, with EPS of $2.43 coming in worse...

Meta Platforms’ Price Target Cut at UBS

UBS raised the price target on Meta Platforms (NASDAQ:META) from $300 to $335 per share, while maintaining a Buy rating and a Top Idea...

Playa Hotels & Resorts Stock Plummets 4 percent on BofA’s Double Downgrade

Shares of Playa Hotels & Resorts (NASDAQ:PLYA) plunged more than 4% pre-market today following a significant downgrade by BofA Securities. The bank downgraded the...

Morgan Stanley is Bullish on Palo Alto Networks

Morgan Stanley raised Palo Alto Networks (NASDAQ:PANW) price target to $302 from $255, reiterating an Overweight rating on the stock. The analysts predict that...

Uber’s Price Target Raised at Bernstein

Bernstein raised Uber (NYSE:UBER) price target to $50 from $45 per share, asserting that a "bull case has arrived" for the company. With a...

Sherwin-Williams Upgraded to Outperform

BMO Capital analysts upgraded Sherwin-Williams (NYSE:SHW) from Market Perform to Outperform and increased the firm's price target on the stock to $275 per share...

Carnival Stock Drops 10 percent After Q2 Earnings

Carnival (NYSE:CCL) shares plunged more than 10% intra-day today after the company reported its Q2 earnings. Q2 EPS of ($0.31) came in better than the...

Starbucks Workers Across US Stores To Stage Strike Over Pride Month Decoration Ban

Thousands of Starbucks (SBUX) workers in the United States are preparing to go on strike over the next week, following allegations that the company...

Amazon Makes a Whopping $100 Million Investment in AI Center

In a ground-breaking step, Amazon (AMZN), a global technological behemoth, announced a $100 million investment in the creation of an AI center. This tactical...

How to Find the Cheapest Deals on Hotels. Ask Groupon.

Although organizing a vacation can be a fun adventure, it's no secret that lodging expenses can quickly deplete your travel budget. Fortunately, there are...

3M announced it will pay up to $12.5 billion in forever chemicals litigation

3M (MMM) announced it will pay up to $12.5 billion in forever chemicals litigation. To resolve legal claims relating to its firefighting foam containing...

Walmart Plus Week to launch in July, to compete with Amazon Prime, Best Buy, Target

Walmart Plus—the paid subscription membership of the giant retailer always offers its customers good deals and so does Walmart. Soon, these deals are going...

Apogee Enterprises Stock Jumps 8 percent After Q1 Beat & Raised Guidance

Apogee Enterprises (NASDAQ:APOG) share surged more than 8% intra-day today after the company reported its Q1 earnings results, with EPS of $1.05 coming in...

Uber’s Price Target Raised at Barclays

Following a 75% year-to-date surge in Uber (NYSE:UBER) stock, Barclays analysts raised their price target on the company's shares to $57 from $45. The analysts...

Apple’s Price Target Raised to $225 From $210

Tigress Financial Partners analysts raised their price target on Apple (NASDAQ:AAPL) to $225.00 previously $210.00 while maintaining a Strong Buy rating. According to the...

CarMax Shares Surge 10 percent Following Q1 Beat

CarMax (NYSE:KMX) shares jumped more than 10% intra-day today after the company posted its Q1 results, with EPS of $1.44 coming in significantly above...

Coinbase Wins Ruling in Supreme Court Over Arbitration Clause Halting Lawsuits When Pursuing Appeals

The Decision of the Supreme Court: The Supreme Court decision confirms Coinbase's (COIN) status as an intermediary platform and makes clear its obligations with...

Dow Slashed to Underperform at BofA Securities

BofA Securities analysts downgraded Dow (NYSE:DOW) to Underperform from Neutral and lowered their price target on the stock to $55.00 from $64.00. They stated...

Kellogg Earns an Upgrade at Bernstein

Bernstein analysts upgraded Kellogg (NYSE:K) to Market Perform from Underperform, maintaining their $62 price target. The analysts find the stock's valuation "seriously attractive," trading...

Target’s Stock is a Notable Buying Opportunity, Says Goldman Sachs

Goldman Sachs analysts consider the recent pullback in Target (NYSE:TGT) stock as a notable buying opportunity. The firm raised its price target to $185...

Chemours Stock Falls 2 percent on BofA’s Downgrade

Chemours (NYSE:CC) shares fell around 2% intra-day today after BofA Securities analysts downgraded the company to Neutral from Buy and reduced their price target...

Fastly’s Analyst Day Takeaways

RBC Capital analysts provided their key takeaways from Fastly (NYSE:FSLY) Analyst Day, where management provided 2026 targets implying accelerating revenue growth and a significant...

Accenture Reports Better Than Expected Q3 Earnings

Accenture (NYSE:ACN) reported its Q3 earnings results yesterday, with EPS of $3.19 coming in better than the Street estimate of $3.01. Revenue was $16.6...

Overstock to buy Bed Bath & Beyond for $21.5 million at bankruptcy-run auction

  Bed Bath & Beyond (BBBY) will live beyond its bankruptcy filing, as its popular brand might become a digital asset. During a bankruptcy auction...

Steelcase Beats Q1 EPS & Revenue Estimates

Steelcase (NYSE:SCS) released its Q1 earnings report yesterday, surpassing expectations. The company reported an EPS of $0.09, above the Street estimate of $0.01. Revenue...

Applied Optoelectronics Shares Jump 12 percent on Partnership With Microsoft

Shares of Applied Optoelectronics (NASDAQ:AAOI) surged more than 12% pre-market today following the company's announcement of a new agreement with Microsoft (NASDAQ:MSFT). Under the...

Rivian Automotive’s Price Target Cut at Mizuho

Mizuho analysts reaffirmed a Buy rating on Rivian Automotive (NASDAQ:RIVN) but lowered their price target to $27.00 from $30.00. The company is focusing on...

Adobe Earns an Upgrade on AI Potential

BMO Capital analysts upgraded Adobe (NASDAQ:ADBE) to Outperform from Market Perform and increased their price target to $570.00 from $500.00, noting it believes the...

Winnebago Industries Report Q3 Revenue Miss, Stock Drops 3 percent

Winnebago Industries (NYSE:WGO) experienced disappointing sales during its fiscal third quarter, causing its stock to drop over 3% intra-day today. Although the company's adjusted earnings...

Citi Cuts MarketAxess’ Price Target, Shares Fall

Citi analysts reduced their price target on MarketAxess (NASDAQ:MKTX) to $330.00 from $415.00 while maintaining a Buy rating. The analysts also initiated a 30-day...

Uber’s Price Target Raised at Oppenheimer

Oppenheimer analysts raised their price target on Uber Inc. (NYSE:UBER) to $65.00 from $55.00 while reiterating their Outperform rating. Its confidence in Uber's consumer...

Peloton Stock Drops 9 percent on Downgrade

Peloton (NASDAQ:PTON) shares plunged more than 9% intra-day today after Wolfe Research downgraded the company to Underperform from Peer Perform with a price target...

NaaS Technology Reports Q1 Earnings, Provides Weak Outlook

NaaS Technology Inc. (NASDAQ:NAAS) reported its Q1 earnings results on Friday, with EPS coming in at ($0.47) and revenue at $36.16 million. In the first...

AutoZone Earns an Upgrade at UBS

UBS analysts upgraded AutoZone (NYSE:AZO) stock from Neutral to Buy and raised their price target from $2,800 to $2,900, noting that the current valuation...

RBC Capital Cuts Price Target on Nike Ahead of Q4 Earnings

RBC Capital analysts lowered Nike's (NYSE:NKE) price target from $145 to $138 per share while keeping their Outperform rating, ahead of the company's Q4/23...

Delta Air Lines Started at Citi, Shares are Expected to Outperform Near-Term

Citi analysts initiated a 30-day Positive Catalyst Watch on Delta Air Lines (NYSE:AL) due to their belief that the stock, which holds a Buy...

Baidu Upgraded to Overweight on AI Opportunities

Morgan Stanley analysts upgraded Baidu (NASDAQ:BIDU) shares to Overweight from Equalweight and raised their price target to $190 from $160, noting that the company...

AT&T CFO cites weak new customer trends

AT&T (NYSE:T) experienced a slight decline of more than 1% intra-day today following statements made by the company's CFO, Pascal Descroches, suggesting that AT&T...

Olin Stock Drops 6 percent Following Revised Outlook

Olin (NYSE:OLN) shares dropped around 6% intra-day today as the company revised its second-quarter outlook. The chemical products manufacturer lowered its adjusted EBITDA range...

Hackers warn that if the corporation doesn’t pay US$4.5 million, they will release stolen Reddit data.

According to a post on the dark web from the BlackCat ransomware gang, also known as ALPHV, which was examined by CNN and a...
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