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HomeBusiness

Business

Why did Richemont, parent of Paris based jewelry, accessory maker Cartier shares rise? CWEB analyzes

Richemont luxury group (CFRC)shares rose 6.3 percent on Friday as the parent of Paris-based Cartier and other jewelry and accessories brands reported record sales...

Verizon Communications Inc. at J.P. Morgan Global Technology, Media and Communications Conference

Hans Vestberg, Chairman and CEO of Verizon, will speak at the J.P. Morgan Conference, highlighting the company's future plans and operations. Verizon reported revenues of...

Key Takeaways From Aptiv’s CFO Meeting

RBC Capital analysts provided their key takeaways from Aptiv PLC (NYSE:APTV) meeting with the company’s CFO Joe Massaro. The company is still calling for...

Aveanna Healthcare Shares Down 16 percent Since Q4 Earnings Release

Aveanna Healthcare (NASDAQ:AVAH) shares fell around 16% since the company’s reported Q4 earnings results last week, with revenue coming in at $451.1 million, up...

Foot Locker’s Investor Day Review

Deutsche Bank lowered its price target on Foot Locker, Inc. (NYSE:FL) to $36 from $42 after attending the company’s Investor Day, where new CEO...

Meta Platforms Upgraded at Morgan Stanley on Ongoing Drive to Slash Costs

Meta Platforms (NASDAQ: META) shares rose more than 2% on Tuesday after Morgan Stanley upgraded the company from Equal Weight to Overweight, citing the...

OpenAI’s DALL-E AI helps turn text to images on Microsoft Bing and Edge

Microsoft (MSFT) is increasing its AI operations with new AI-generated visuals. On Tuesday, the tech giant said that its search slide–Microsoft Bing and Edge...

Why Has Dollar Tree Stopped Selling Eggs? ‘High’ Prices, Reports Say

Discount variety stores chain Dollar Tree (DLTR), after rampant inflation drove the price of a dozen eggs to $4.21, a threefold rise from two...

HSBC stocks fall in Hong Kong as investors consider collapse of AT1 bonds

  HSBC Holdings Plc (HSBC) saw a lower close on Monday. The 6.2 percent drop in value is the largest drop in almost six months....

Ford’s New Segment Reporting Preview

Deutsche Bank analysts provided a preview of Ford Motor Company (NYSE:F) regarding new segment reporting. The company is expected to disclose profits/losses for its...

Oatly Shares Gain 18 percent Since Q4 Earnings Announcement

Oatly (NASDAQ:OTLY) shares rose nearly 18% since the company’s reported Q4 results last week, with revenue of $195.1 million coming in better than the...

Elon Musk’s Twitter Sets Unique Auto-Response Emoji for Press Enquiries

Billionaire Elon Musk, who paid $44 billion for Twitter in October, calls himself a "free speech absolutist" and justified the acquisition by emphasizing the...

First Republic shares tumble as depositors withdraw money and credit rating cut again this week

First Republic Bank (FRC) opened with a deep dive in its shares on Monday as its credit rating was downgraded for the second time...

Twitter is experimenting with ID-based verification.

Elon Musk promised to address Twitter's issue with fake accounts. Twitter is experimenting  with a new government-issued ID verification  requirement for its Twitter Blue subscribers....

Credit Suisse to be sold to UBS, historic deal brokered by Swiss government

Credit Suisse has seen its worst decline in the past week, after the collapse of two US banks. Although Credit Suisse has been facing...

Warren Buffet in talks with Biden’s White House on regional banks’ investments, report say

Berkshire Hathaway Inc.’s Warren Buffet is a respected and astute investor in the U.S. and could invest in regional banks that are facing financial...

Together, PACKSIZE and Walmart will establish a new benchmark for e-commerce fulfillment.

The Ultra5 is a right-sized, on-demand box machine that Packsize ®, the industry pioneer in sustainable, Right-Sized Packaging On Demand ®, revealed today. It...

Arthur J. Gallagher’s Investor Day Review

RBC Capital provided a review of Arthur J. Gallagher & Co. (NYSE:AJG) quarterly Investor Day, which offered up some data points indicating that organic...

Microsoft Unveils AI-powered Copilot 365

RBC Capital analysts provided their key takeaways from Microsoft Corporation (NASDAQ:MSFT) virtual event, where it demoed the new AI-powered Copilot for Microsoft 365, Loop,...

DigitalOcean Downgraded to Perform at Oppenheimer

Oppenheimer downgraded DigitalOcean Holdings, Inc. (NYSE:DOCN) to Perform from Outperform. Despite organic revenue being essentially flat for three quarters, the company aggressively guided to...

Dollar General Shares Down 4 percent Since Reporting a Q4 Miss

Dollar General (NYSE:DG) shares fell more than 4% since the company’s reported Q4 results on Thursday, with EPS of $2.96 coming in worse than...

Recalled Eyedrops Might Contain ‘Bacteria’ Strain Linked with Blindness, Eye Injuries, US Health Officials Say

Two eye drop brands were removed from store shelves in January and February after being connected to a drug-resistant bacteria strain that has been...

Lawsuit Alleges Elizabeth Holmes Owes $25 Million to Creditors, Misses Promissory Notes’ Payments

A lawsuit claims that Elizabeth Holmes, who is attempting to postpone her 11-year prison term, has not repaid creditors of her former blood-testing startup...

Lennar Reports Better Than Expected Q4 Results

Lennar Corp. (NYSE:LEN) reported its Q4 results on Tuesday, with EPS coming in at $2.12, beating the Street estimate of $1.55. Revenue was $6.49...

Williams-Sonoma Reports Q4 Beat, Provides Guidance

Williams-Sonoma (NYSE:WSM) reported its Q4 results on Thursday, with EPS of $5.50 coming in better than the Street estimate of $5.46. Revenue was $2.45...

Meta has announced paid verification for Facebook and Instagram

Meta Platforms, Inc. (META) CEO Mark Zuckerberg announced the launch of Meta Verified on Facebook and Instagram in the United States today. The paid...

Sam Bankman-Fried received $2.2 billion from FTX through related entity, new managers say

According to a Wednesday filing by the new managers in FTX, former CEO Sam Bankman-Fried, who is facing several criminal fraud charges, received about...

ChatGPT comes to Microsoft Office 365

  Microsoft (MSFT) announced that some of its most well-liked business apps, including Word, PowerPoint, and Excel, will use the new Copilot artificial intelligence features. “Today...

Groupon Shares Attractive After 15 percent Drop Post Q4

By the end of 2023, Groupon (GRPN) is expected to have eliminated $250 million in annualized costs. Local billings increased by 6% sequentially in...

Super Group Reports Q4 Results, Provides Guidance

Super Group (NYSE:SGHC) reported its Q4 results on Tuesday, with revenue of €329.1 million and full-year revenue of €1.29 billion, exceeding the high end...

Chesapeake Energy’s Review Post Q1 Earnings

RBC Capital provided their views on Chesapeake Energy (NASDAQ:CHK) following recently announced Q1 results, with EPS of $4.22 beating the Street estimate of $2.93....

EverCommerce Shares Soar 20 percent Following Q4 Results

EverCommerce Inc. (NASDAQ:EVCM) shares jumped nearly 20% on Thursday after the company released its Q4 earnings, with revenue of $161.8 million coming in better...

Vacasa Shares Plunge 24 percent Following Q4 Earnings Release

Vacasa, Inc. (NASDAQ:VCSA) shares plummeted more than 24% on Wednesday after the company reported its Q4 results, with EPS of ($0.70) coming in worse...

Japanese automaker Nissan files new trademarks in Web3, experiments in metaverse auto sales

According to a new filing, Nissan a leading Japanese automaker has filed four new trademarks in the US. All these trademarks are related to...

Walmart Launches Two Day Collector Con 2023, Pick Favorite Collectibles Today and Tomorrow

Walmart (WMT), the nation’s largest retailer has launched Collector Con 2023. The event that features popular collectibles from different franchises started on Thursday March...

Microsoft terminates its ethical AI development team

The whole staff in charge of ensuring that Microsoft's research of artificial intelligence is ethical and sustainable has apparently been fired. The Platformer claimed that...

Netflix Shares Attractive After 22 percent Drop Post Q4 Highs

Oppenheimer analysts believe Netflix, Inc. (NASDAQ:NFLX) shares, being down 22% post-Q4 highs around higher churn from enforcing password sharing and slower ad launch, are...

Smartsheet Shares Surge 17 percent Following Q4 Earnings Results

Smartsheet (NYSE:SMAR) shares jumped more than 17% yesterday after the company reported its Q4 results, with EPS coming in at $0.07, better than the...

Kellogg’s announces snack division’s new name Kellanova with Cheez-It, Pop-Tarts, Pringles brands after cereal spinoff

  Kellogg's Co. (K) has announced the new name of its global snacking business. The business, which includes popular brands Cheez-It, Pop-Tarts, Pringles and others,...

Celebrity Ryan Reynolds and T-Mobile CEO discuss Ka’ena Corp’s sale to T-Mobile

T-Mobile US Inc (TMUS) said that it would buy Ka’ena Corp, which is the owner of Mint Mobile, a budget direct to customer (D2C)...

SES AI Reports Q4 Results, Shares Volatile

SES AI Corporation (NYSE:SES) shares jumped nearly 10% on Tuesday after the company reported its Q4 results, however, it was followed by today’s 7%...

Westport Fuel Systems Shares Plunge 31 percent Since Q4 Report

Westport Fuel Systems (NASDAQ: WPRT) shares dropped more than 31% since the company’s reported Q4 results on Monday, with EPS of ($0.10) coming in...

Roper Technologies’ Upcoming Analysts Meeting Preview

RBC Capital analysts provided their outlook on Roper Technologies, Inc. (NYSE:ROP) ahead of the upcoming Analyst Meeting on March 21. The analysts expect the company...

SentinelOne Shares Surge 7 percent on Q4 Beat, Guidance Mixed

SentinelOne, Inc. (NYSE:S) shares gained more than 7% on Wednesday after the company reported its Q4 results, with EPS coming in at ($0.13), above...

State of Ohio sues Norfolk Southern over horrific train derailment in East Palestine

The state of Ohio is suing Norfolk Southern railroad company over the horrifying train derailment accident that has damaged the lives of thousands in...

Why has Credit Suisse stock fallen by almost 30 percent? Global fears about banks increase

  Credit Suisse (CS) stock price fell by almost 30 percent on Wednesday, in pre-market trading. Top shareholder Saudi National Bank ruled out increasing investments...

89bio Shares Up 10 percent Since Q4 Earnings Announcement

89bio, Inc. (NASDAQ:ETNB) shares rose more than 10% since the company’s reported Q4 results on Friday. R&D came in at $19.1 million and SG&A...

What to Expect From Traeger’s Q4 Earnings Tomorrow?

RBC Capital analyst provided their outlook on Traeger, Inc. (NYSE:COOK) ahead of the company’s upcoming Q4 earnings announcement tomorrow after the market close, noting...

Walmart Health expands community health centers and partners with health plans

Walmart (WMT) Health opened its first community health center in Dallas, Georgia in 2019. It has been expanding its presence across the nation, since....

California Court Allows Uber, Lyft to classify drivers as independent contractors, share prices rise

On Monday, a California appeals court overturned a decision by a lower court and said that ride-hailing apps such as Uber (UBER) and Lyft...
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