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Business

Why did FTC fine WIlliams-Sonoma? CWEB explains its violations

Williams-Sonoma (WSM) is a large US retailer facing a multimillion-dollar Federal Trade Commission fine for its Made in USA violations. The company advertised products...

Baidu and Tesla Partner to Boost FSD Capabilities in China

Baidu's Partnership with Tesla: A Strategic Move for Enhanced FSD Capabilities in China Baidu's partnership with Tesla:TSLA, granting the electric car manufacturer access to its...

TripAdvisor to be Acquired by Apollo, Bloomberg Says

Apollo Global Management is reportedly considering a bid for Tripadvisor (NASDAQ:TRIP), the travel guidance company, according to a Bloomberg report. TripAdvisor has sought advice...

Micron Technology Raised to Buy at Stifel, Shares Gain 4 percent

Micron Technology (NASDAQ:MU) shares gained more than 4% pre-market today after Stifel analysts upgraded their rating from a Hold to a Buy, lifting the...

Three-decade old Walmart Canada celebrates YBM with birthday party with CEO

Walmart Canada has completed thirty years of serving customers in North America. It celebrated its Year Beginning Meeting (YBM) with Walmart CEO Doug McMillon....

Jefferies Keeps Microsoft as Their Top Pick

Jefferies analysts continue to favor Microsoft Corporation (NASDAQ:MSFT) as their top pick, reiterating a Buy rating and setting a price target of $465 for...

Tesla’s Price Target Slashed at Morgan Stanley

Morgan Stanley analysts revised downwards both the earnings forecasts and price target for Tesla (NASDAQ:TSLA), attributing the changes to a slowdown in electric vehicle...

CICC Still Bullish on NVIDIA

CICC analysts recently highlighted NVIDIA's (NASDAQ:NVDA) strong positioning within the AIGC (AI-Generated Content) domain, attributing this to its pioneering role in accelerated computing, along...

JD.com Shares Surge 18 percent Following Q4 Beat

Shares of JD.com (NASDAQ:JD) surged 18% intra-day today following the announcement that the Chinese e-commerce giant exceeded fourth-quarter revenue expectations and plans to expand...

CrowdStrike Stock Jumps 15 percent on Q4 Beat & Strong Outlook

CrowdStrike (NASDAQ:CRWD) stock soared more than 15% intra-day today following the announcement of its impressive fourth-quarter performance and outlook, which surpassed analysts' expectations. The...

Anheuser-Busch InBev loses more than $1 billion in sales after US boycott of Bud Light

On Thursday, Anheuser-Busch InBev reported record revenues for 2023. However, the company also acknowledged that it lost considerable sales in the US. The famous...

Philip Morris Slashed to Hold at Argus

Argus analysts adjusted their rating for Philip Morris (NYSE:PM) to Hold from Buy, highlighting ongoing product risks faced by the company. Philip Morris, known...

JetBlue & Spirit Terminate Merger

JetBlue Airways Corporation (NASDAQ:JBLU) and Spirit Airlines (NYSE:SAVE) terminated their $3.8-billion merger agreement, acknowledging that there was no feasible way to proceed after a...

BARK Stock Gains on Jefferies Upgrade

BARK (NYSE:BARK) shares rose more than 7% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target from...

U.S. Government Blocks AMD’s China-Specific Chip Sales, Shares Drop 2 percent

Shares of Advanced Micro Devices (NASDAQ:AMD) dropped around 2% in pre-market today following a report from Bloomberg News that the U.S. government has obstructed...

Target Stock Surges 8 percent on Q4 Beat & Strong Outlook

Shares of Target Corporation (NYSE:TGT) surged over 8% in pre-market today following the release of its Q4 results, with earnings per share (EPS) of...

Apple’s Review by Evercore ISI

Evercore ISI analysts maintained their Outperform rating on Apple (NASDAQ:AAPL) with a price target of $220 on the stock. The analysts highlighted Apple's December...

International Paper’s Rating Raised to Buy at BofA Securities

BofA Securities analysts upgraded International Paper Company (NYSE:IP) from Underperform to Buy rating, raising the price target from $37 to $42. The firm' upgrade...

Bath & Body Works’ Price Target Raised at UBS

UBS analysts increased their price target for Bath & Body Works (NYSE:BBWI) to $52 from $46 while keeping their Neutral rating unchanged. The analysts...

Ferrari Cut to Sell at Citi

Citi analysts slashed Ferrari's (NYSE:RACE) rating to Sell from Neutral due to valuation concerns. The bank appreciates Ferrari's high quality and growth potential but...

Boeing to Buy Spirit AeroSystems, WSJ Reports

Boeing (NYSE:BA) is reportedly in early talks to buy Spirit AeroSystems (NYSE:SPR), as per The Wall Street Journal. This move would reunite Boeing with...

Apple gets almost $2 billion fine from EU for breaking competitive laws

Apple has to pay a fine of nearly $2 billion for breaking European Union antitrust laws. The EU has imposed the first-ever fine of...

Samsung unveils prototype of wearable Galaxy Ring, with health features at MWC

In January, Samsung had teased its new wearable the Galaxy Ring at Galaxy Unpacked. On Monday, the South Korean tech giant released a prototype...

Walmart adds yet another upgrade to entice and serve its customers, leaving rivals behind

Walmart is the nation's largest retailer and does not rest on its laurels. It always looks at upgrades to satisfy its loyal customers and...

Figure AI startup raises $675 million from Bezos, Microsoft, Nvidia, Amazon, startup value reaches $2.6 billion

In an announcement on Thursday, figure AI, a startup building humanoid robots, has received hundreds of millions in funding from investors such as Jeff...

Hewlett Packard Enterprise Reports Weak Guidance

Hewlett Packard Enterprise (NYSE:HPE) disclosed its first-quarter results and softer-than-expected guidance, highlighting challenges in its networking sector. For Q1, HPE reported an adjusted EPS...

Flywire Cut to Equalweight at Morgan Stanley

Morgan Stanley analysts adjusted their rating on Flywire Corporation (NASDAQ:FLYW) from Overweight to Equalweight, though they raised the price target from $27 to $30....

Autodesk Stock Gains 7 percent on Q4 Beat

Autodesk (NASDAQ:ADSK) shares soared over 7% in pre-market today following the announcement of its Q4 results, which surpassed analyst expectations. The company also provided...

Campbell Soup Started With Buy Rating at DA Davidson

DA Davidson analysts began covering Campbell Soup Company (NYSE:CPB) with a Buy rating and a $48.00 target price. The analysts highlighted the expectation for...

NetApp Shares Jump 18 percent Following Strong Q3 Results

NetApp (NASDAQ:NTAP) shares soared 18% in pre-market today following the announcement of its Q3 results, which surpassed expectations in terms of earnings, revenue, and...

Snowflake Stock Plummets 20 percent on Guidance Miss & CEO Retirement Announcement

Snowflake (NYSE:SNOW) shares plunged around 20% intra-day today after the company announced disappointing guidance, despite its fourth-quarter results coming in better than expected. The...

HP Reports Q1 EPS Beat, But Revenues Miss

HP (NYSE:HPQ) reported its first-quarter results, with earnings per share of $0.81, aligning with analyst forecasts, but its revenue of $13.2 billion did not...

C3.ai Jumps 23 percent on Q3 Beat & Strong Guidance

C3.ai (NYSE:AI) experienced a notable surge in its stock price of over 23% intra-day Thursday after reporting fiscal third-quarter results that exceeded expectations and...

Birkenstock Reports Q1 Beat, But Shares Drop 6 percent

Birkenstock Holding (NYSE:BIRK) reported fiscal first-quarter revenue and adjusted EBITDA that exceeded expectations, affirming its 2024 forecast. However, the company’s shares dropped more than...

Pure Storage Jumps 22 percent Following Strong Q4 Results

Pure Storage (NYSE:PSTG) shares climbed 22% intra-day today, following the announcement of strong fourth-quarter results and optimistic guidance. The company outperformed expectations with a...

Apple to stop working on electric car after ten years, team shifts to generative AI

Apple Inc. has been working on Project Titan for about a decade. This secret project, whose progress or lack of progress has been leaked...

Evercore Sees 25 percent Upside For Seagate Stock

Evercore ISI initiated coverage on Seagate Technology Holdings (NASDAQ:STX), assigning it an Outperform rating and setting a price target of $110 on the stock....

MicroStrategy Started With Buy Rating at Benchmark, Shares Surge

Benchmark began coverage of MicroStrategy (NASDAQ:MSTR) with a Buy rating and a price target of $990 on the stock. Currently, the company’s shares are...

Workday Shares Fall Despite Q4 Beat

Workday (NASDAQ:WDAY) disclosed yesterday that it surpassed fourth-quarter earnings expectations and acquired HiredScore, enhancing its artificial intelligence capabilities. Following the earnings report, Workday saw...

Zoom Stock Soars 6 percent Following Strong Q4 Results

Zoom Video Communications (NASDAQ:ZM) shares gained more than 6% intra-day today after the company announced fourth-quarter earnings that surpassed analyst predictions, driven by strong...

Lowe’s Shares Gain 3 percent After Q4 Beat

Lowe's (NYSE:LOW) shares rose more than 3% intra-day on Tuesday after the company announced fourth-quarter revenue that exceeded analysts' expectations, despite a downturn in...

Ark Invest CEO Cathie Wood Says They Continue Taking Profits in NVIDIA

Ark Invest CEO Cathie Wood disclosed via a tweet today that her firm is consistently capitalizing on gains from NVIDIA (NASDAQ:NVDA), amidst a booming...

Alcoa to Acquire Alumina for $2.2B in an All-Stock Deal

Alcoa Corp (NYSE:AA) announced a proposal on Sunday to acquire Australian aluminum producer Alumina Ltd (ASX:AWC) in an all-stock deal valued at $2.2 billion,...

Walmart’s Outperform Rating Maintained at Evercore ISI

Evercore ISI analysts adjusted their price target for Walmart (NYSE:WMT) to $65.00 from the previous $182.00 following the company’s 3-for-1 stock split. The analysts...

Rivian Automotive Slashed to Hold at Truist Securities

Truist Securities analysts revised Rivian Automotive's (NASDAQ:RIVN) rating from Buy to Hold while cutting their price target to $11.00 from $26.00. The analysts pointed...

Arm Holdings Price Target Hiked at Rosenblatt, Shares Surge

Rosenblatt analysts adjusted their price target for Arm Holdings (NASDAQ:ARM) upwards to $180.00 from $140.00, continuing to recommend a Buy rating. Currently, Arm shares...

Get free wings from Buffalo Wild Wings, giveaway available dine-in, in person takeout

Buffalo Wild Wings is fulfilling its promise to give everyone free wings in the US. The restaurant had announced that it would offer free...

Warner Bros Discovery misses Q4 revenue, profit estimates, share fall 10 percent

Warner Bros. Discovery announced fourth-quarter results, and its earnings, including revenue and profit, missed analysts' estimates. Although Chief Executive Officer David Zaslav told investors...

Vice Media to stop publishing content on website, to slash hundreds of jobs

Vice Media Group was once an award-winning website but could not regain its former glory after it emerged from bankruptcy. The chief executive sent...

Warner Bros. Discovery Shares Plunge 13 percent on Q4 Miss

Warner Bros. Discovery (NASDAQ:WBD) announced its fourth-quarter results that fell short of the average forecasts by analysts. Following the announcement, the company’s shares dropped...
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