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Business

Tesla stock falls 3 percent pre-trading, Elon Musk sends layoff memo, CWEB analyzes

Tesla (TSLA) stock fell by three percent in premarket trading. The fall in share price occurred after several outlets shared an internal memo from...

BlackRock Surpasses Q1 2024 Earnings Estimates – A Financial Triumph

BlackRock, Inc. (NYSE:BLK) Surpasses Q1 2024 Earnings Estimates On Friday, April 12, 2024, before the market opened, BlackRock, Inc. (NYSE:BLK) reported earnings per share (EPS)...

Twitter Users Vote in Favor of Musk  to Exit as CEO As He Block Competitors

When a poll asking if Twitter CEO Elon Musk should resign was closed on Monday, more than half of the 17.5 million participants responded...

Yum! Brands 2022 Investor Day Review

RBC Capital analysts provided their views on Yum! Brands, Inc. (NYSE:YUM) following the company’s 2022 Investor Day, which largely met their expectations, particularly around...

SEC Chairman on the Importance of Regulating Crypto Issuers and Intermediaries

SEC Chairman Gary Gensler discussed the regulation of cryptocurrencies during his remarks at the U.S. Treasury Department's Financial Stability Oversight Council (FSOC) on Friday....

Core & Main Reports Better Than Expected Q4 Results

Core & Main, Inc (NYSE: CNM) reported its Q4 results, with EPS of $0.65 coming in better than the Street estimate of $0.55. Revenue...

Mercury Systems Downgraded to Sector Perform at RBC Capital

RBC Capital analysts downgraded Mercury Systems, Inc. (NASDAQ:MRCY) to Sector Perform from Outperform and lowered their price target to $54 from $66. Looking ahead...

Cintas Corporation’s Upcoming Q2 Results Preview

Deutsche Bank analysts provided their outlook on Cintas Corporation (NASDAQ:CTAS) ahead of the company’s Q2 earnings, scheduled to be reported on Dec 21. Following the...

Adobe Systems Reports Q4 EPS Beat, Shares Up 3 percent

Adobe Systems (NASDAQ:ADBE) shares closed nearly 3% higher on Friday following the company’s reported Q4 results, with EPS of $3.60 coming in better than...

Pornhub has been BANNED on YouTube for’multiple violations’ of its community guidelines

Pornhub has been banned from YouTube - three days after TikTok booted the company over child pornography allegations The Google-owned company said it terminated the...

Google Presents End-To-End Encryption for Gmail Web for Google Workspace and Education Customers

Encryption may appear to be a subject best left to hackers and tinfoil hat wearers, but one should not be fooled: it's an important...

Former FTX CEO SBF not to appeal extradition to US, reports say

Former FTX CEO Sam Bankman-Fried might not appeal his extradition to the United States, according to sources, who spoke to different outlets. The former...

Starbucks employees are conducting a three-day strike at 100 locations.

Starbucks employees are conducting a three-day strike at 100 locations. Workers at 100 unionized Starbucks outlets on strike today to protest the company's failure...

Murphy USA Initiated With Sector Perform at RBC Capital

RBC Capital analysts initiated coverage on Murphy USA Inc. (NYSE:MUSA) with a Sector Perform Rating and a $360 price target. The analysts believe the company’s...

Tesla Price Target Lowered to $225 Ahead of Q4 Deliveries Report

RBC Capital analysts lowered their price target on Tesla, Inc. (NASDAQ:TSLA) to $225 from $325 ahead of the quarterly deliveries report, which is expected...

Twitter Bans Accounts of Several Journalists Citing Doxxing Policy Violation

Twitter banned the accounts of many high-profile journalists from major news organizations without any intimation or explanation on Thursday evening. This action indicates a...

Walmart’s drone delivery service has now expanded to Tampa, Orlando, Phoenix, and Dallas.

Walmart the retail giant Drone delivery is now available in 11 Dallas-area stores, including East Dallas, Garland, Mesquite, Plano, and Richardson. Walmart's drone delivery service...

AmerisourceBergen CEO Meeting Takeaways

Deutsche Bank analysts provided their views on AmerisourceBergen Corporation (NYSE:ABC) following their Investor Meeting with the company’s CEO and CFO, where the key takeaways...

MKS Instruments’ Analyst Day Review

Deutsche Bank analysts provided their key takeaways from MKS Instruments, Inc. (NASDAQ:MKSI) Analyst Day, where the company articulated a strategy to grow into new...

Lennar Shares Up 3 percent Following Q3 Beat

Lennar Corp. (NYSE:LEN) shares closed more than 3% higher today after the company reported its Q3 results, with EPS of $5.02 coming in better...

Trump is marketing digital trading cards with images of himself dressed as a superhero. Biden Mocks Trump’s NFT ‘Major Announcement’

Former President Trump is marketing digital trading cards with images of himself dressed as a superhero. Donald Trump introduces $99 digital trading cards. In addition,...

Celebrity Stanley Tucci looking for new platform as CNN cancels ‘Searching for Italy’ Season 3

On Tuesday, celebrity actor Stanley Tucci appeared on a popular TV show and told the host that he was looking for a new platform...

Elon Musk Blames Flight Tracker for Stalking Incident Putting His Son In Danger

Elon Musk says a "crazy stalker" put his son, "lil X,"in danger, and and is taking legal action against someone who is publicly divulging...

Genpact Limited’s Review by Deutsche Bank

Deutsche Bank analysts provided their views on Genpact Limited (NYSE:G), noting that the company’s management believes that Genpact’s resilient business model will shine in...

Key Takeaways From The Kroger’s Management Meeting

Deutsche Bank analysts provide a review on The Kroger Co. (NYSE:KR) following their meetings with the company’s management, including SVP and CFO Gary Millerchip,...

Verizon joins forces with Netflix in an attempt to become a streaming middleman.

Yesterday, the company released a beta version of its streaming hub called "+play" that allows customers to manage all of their streaming service subscriptions...

Datadog Upgraded to Outperform at Oppenheimer

Oppenheimer analysts upgraded Datadog, Inc. (NASDAQ:DDOG) to Outperform from Perform with a price target of $105. The analysts believe that the company's unified, real-time...

ESSA Pharma Review Following Q4 Results

Oppenheimer analysts provided a review on ESSA Pharma Inc. (NASDAQ:EPIX) following the company’s reported Q4 results yesterday, with EPS of ($0.14) vs. their estimate...

Braze Reports Q3 Beat, But Bookings Growth Slow Down

Braze, Inc. (NASDAQ:BRZE) reported its Q3 results, with EPS of ($0.15) coming in better than the Street estimate of ($0.22). Revenue was $93.1 million,...

QuidelOrtho 15 percent Drop is Unwarranted, Buy on Weakness!

RBC Capital analysts provided their thoughts on the sharp decline in QuidelOrtho Corporation (NASDAQ:QDEL) shares in the last 30 minutes of trading on Tuesday,...

Fed raises rates and signals more hikes next year-How it will affect your wallet.

Federal Reserve officials raised their key benchmark borrowing cost by half a percentage point in December, capping off a turbulent year for monetary policy....

American International Group’s Price Target Raised at RBC Capital

RBC Capital analysts raised their price target on American International Group, Inc. (NYSE:AIG) to $73 from $68 while reiterating their Outperform rating, noting that...

Charter Communications’ Investor Meeting Key Takeaways

RBC Capital provided its key takeaways from Charter Communications, Inc. (NASDAQ:CHTR) Investor Meeting, which provided an attractive outlook for the company’s network evolution, footprint...

Chubb is Well Positioned For the Next Phase of Pricing

RBC Capital provided a review of Chubb Limited (NYSE:CB), noting that it is well-positioned for the next phase of pricing. According to the analysts,...

Micron Technology Downgraded to Hold at Deutsche Bank

Deutsche Bank analysts downgraded Micron Technology, Inc. (NASDAQ:MU) to hold from buy and lowered their price target to $55 from $60, noting they are...

Xylem’s CEO Meeting Takeaways

RBC Capital analysts provided their views on Xylem Inc. (NYSE:XYL) following their meeting with the company’s CEO Patrick Decker on Dec 12. According to the...

Coupa Software Shares Surge 26 percent on Thoma Bravo Takeover Announcement

Coupa Software (NASDAQ:COUP) shares surged more than 26% on Monday after the company announced it has accepted a takeover bid from the private equity...

T-Mobile is awarding $225 in cash to everyone and announcing a new Ultra Capacity 5G accomplishment.

T-Mobile (NASDAQ: TMUS) expands leading 5g network with additional coverage and capacity. Weeks ahead of schedule, T-Mobile has covered 260 million people with Ultra...

Bipartisan legislation introduced by lawmakers to outlaw TikTok in the U.S.Two more states join TikTok Ban

State legislation targeting TikTok is expanding. According to Reuters, Alabama and Utah have now joined Texas, Maryland, Nebraska, South Carolina, and South Dakota in...

Who Will Buy Manchester United? Amazon, Apple, someone else, or no one…

The Glazers, owners of English Football Club Manchester United, are reportedly exploring a sale of the club. After 17 years of controversial rule, the...

Acadia Healthcare’s Review by RBC Capital

RBC Capital analysts slightly lowered their price target on Acadia Healthcare Company, Inc. (NASDAQ:ACHC) to $93 from $94 while reiterating their Outperform rating. As the...

Root Reports Weaker Than Expected Q3 Sales

Root (NASDAQ:ROOT) reported its Q3 results on Friday, with EPS of ($4.54) coming in better than the Street estimate of ($6.33). Revenue was $69.8...

What to Expect From Darden Restaurants’ Upcoming Q2 Results?

RBC Capital analysts provided their outlook on the upcoming Q2 earnings of Darden Restaurants, Inc. (NYSE:DRI), scheduled to be announced on Dec 16. The...

Silvergate Capital’s Review by Wedbush

Wedbush analysts lowered their price target on Silvergate Capital Corporation (NYSE:SI) to $30 from $45 after they hosted an advisor call with Steve Gannon,...

Adobe’s Upcoming Q4 Results Preview

RBC Capital provided its outlook on Adobe Inc. (NASDAQ:ADBE) ahead of the upcoming Q4/22 results on Dec 15. Solid Q3 results were largely overshadowed by...

Apple’s Price Target Lowered at Oppenheimer

Oppenheimer analysts lowered their price target on Apple Inc. (NASDAQ:AAPL) to $170 from $190 given the later-than-expected iPhone production capacity recovery in China, as...

Zimmer Biomet Holdings’ Management Meeting Takeaways

RBC Capital analysts provided their key takeaways from Zimmer Biomet Holdings, Inc. (NYSE:ZBH) management meeting, walking away with key insights on how innovation is...

Costco Reports Worse Than Expected Q1 Results

Costco (NASDAQ:COST) reported its Q1 results, with EPS of $3.07 coming in worse than the Street estimate of $3.12. Revenue was up 8.10% year-over-year...

ABM Industries Upcoming Q4 Results Preview

Deutsche Bank provided its outlook on ABM Industries Incorporated (NYSE:ABM) ahead of the upcoming Q4 results, expected to be announced on Dec 13. Key focus...

Mobileye Shares Up 6 percent on Q2 Beat & Strong Outlook

Mobileye (NASDAQ:MBLY) shares gained more than 6% on Friday after the company reported its Q2 results, with non-GAAP EPS coming in at $0.14, better...
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