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Business

AMD latest chips for AI PCs to compete with Intel, Nvidia, CWEB analysts review

Advanced Micro Devices (AMD) is the latest chip design firm to unveil its new processors for artificial intelligence-enabled personal computers. On Tuesday, AMD described...

JetBlue Airways Earns an Upgrade at JPMorgan

JPMorgan analysts upgraded JetBlue Airways (NASDAQ:JBLU) to Neutral from Underweight, setting a price target of $7 on the stock. The analysts noted that while...

UPS Shares Plunge 8 percent on Guidance Miss

UPS (NYSE:UPS) announced its fourth-quarter results today, which showed a mix of hits and misses, alongside guidance that fell short of analysts' expectations. Shares...

Netflix Cut to Neutral at Seaport Global Securities

Seaport Global Securities analysts downgraded Netflix (NASDAQ:NFLX) from Buy to Neutral. The analysts explained the downgrade by noting that Netflix has rapidly reached the...

McGrath RentCorp to be Acquired by WillScot Mobile Mini for $3.8 Billion

WillScot Mobile Mini (NASDAQ:WSC), renowned for its leading temporary space solutions, entered into a definitive agreement to purchase McGrath RentCorp (NASDAQ:MGRC), a distinguished business-to-business...

Bloom Energy Plummets 8 percent on BofA Securities Downgrade

BofA Securities analysts downgraded Bloom Energy (NYSE:BE) from Neutral to Underperform, reducing the price target from $16.00 to $10.00. As a consequence, the company’s...

Tractor Suppl’s Price Target Cut at Evercore ISI

Evercore ISI analysts adjusted their price target for Tractor Supply Company (NASDAQ:TSCO) from $245.00 to $240.00, while continuing to recommend an Outperform rating. The analysts...

KLA Corporation Beats Q2 Results, But Guidance Misses Expectations

KLA Corporation (NASDAQ:KLAC) announced robust financial results for its second fiscal quarter, with earnings per share (EPS) of $6.16 surpassing the consensus estimate of...

SoFi Technologies Stock Soars 22 percent on Q4 Beat

SoFi Technologies (NASDAQ:SOFI) shares jumped more than 22% intra-day today after the company released its fourth-quarter earnings, reporting an EPS of $0.02, which exceeded...

Seven Target employees fired this month purchasing special editions of the limited-edition Stanley cup

Target prohibits its employees from exploiting their positions by purchasing items to gain an unfair advantage over guests. This company policy is especially applicable...

Coinbase Ugraded at Oppenheimer, Shares Gain 4 percent

Oppenheimer analysts upgraded Coinbase Global (NASDAQ:COIN) from Perform to Outperform, setting a new price target of $160.00. As a consequence, shares rose more than...

Coinbase Upgraded at Oppenheimer, Shares Gain 4 percent

Oppenheimer analysts upgraded Coinbase Global (NASDAQ:COIN) from Perform to Outperform, setting a new price target of $160.00. As a consequence, shares rose more than...

AT&T launches new phone deals with prepaid plans at Walmart

AT&T has launched new phone deals for prepaid customers, and these phones and sales are available at Walmart, the nation's largest retailer. Walmart always...

E-Commerce Giant eBay Announces 1,000 Employees Will Get Laid Off

Due to an economic slump affecting the technology sector, online retailer giant eBay is cutting 1,000 positions or around 9% of its workforce. A staff...

T-Mobile CEO remains upbeat despite missing estimates, adds subscribers, partners with SpaceX

  T-Mobile released its fourth quarter results late Thursday. Although the company reported mixed results, its CEO remains upbeat. Earnings missed analysts' estimates while the...

Coinbase Upgraded at Oppenheimer, Shares Gain 4 percent

Oppenheimer analysts upgraded Coinbase Global (NASDAQ:COIN) from Perform to Outperform, setting a new price target of $160.00. As a consequence, shares rose more than...

Visa Posts Q1 EPS and Revenue Beat

Visa (NYSE:V) reported its first-quarter financial results. The company reported an earnings per share (EPS) of $2.41, surpassing the expected consensus of $2.34. The...

Levi Strauss Falls 2 percent on Q4 Miss & Soft Outlook

Levi Strauss' (NYSE:LEVI) shares experienced a drop of about 2% in pre-market today, following the apparel company's disclosure of Q4 revenue that didn't meet...

Western Digital Shares Drop 3 percent Despite Q2 Beat

Western Digital (NASDAQ:WDC) delivered its fiscal second-quarter results on Thursday, outperforming analysts' expectations despite experiencing a decrease in margins. However, following the report, Western...

Intel Shares Drop 10 percent on Weak Guidance

Intel’s (NASDAQ:INTC) announcement on Thursday of its weaker-than-expected guidance for the current quarter overshadowed its fourth-quarter earnings, which exceeded Wall Street's expectations for both...

Microsoft lays off 1,900 Xbox and Activision Blizzard staff

This week, Microsoft is letting go of 1,900 workers from Activision Blizzard and Xbox. Activision Blizzard employees are the main target of Microsoft's layoffs,...

Financial technology firm, EquiLend owned by Goldman Sachs, JPMorgan suffers cyber attack

EquiLend, a financial IT company, reports that recovering from a cyberattack "may take several days." This week, a cyberattack targeted the financial technology company EquiLend,...

Microsoft grows from strength to strength with AI, hits $3 trillion market cap

  Microsoft Corp hugely benefits from its early investment in artificial intelligence (AI). It is a pioneering example of how a software giant has become...

Netflix signs Raw deal worth $5 billion with WWE, web fans are thrilled, share prices rise

TKO Group Holdings announced on Tuesday that WWE’s flagship show will have a new home. Netflix will begin live-streaming Monday Night Raw in January...

TAL International Upgraded to Overweight at JPMorgan Following Q4 Beat

JPMorgan analysts upgraded TAL International (NYSE:TAL) from Neutral to Overweight and increased their price target from $10.00 to $15.00 following the company’s reported strong...

PayPal Stock Drops 3 percent Following Product Updates

On Thursday, PayPal Holdings' (NASDAQ:PYPL) shares experienced a drop of more than 3% on Thursday following updates shared during the company's innovation event. During the...

IBM Stock Jumps 9 percent on Strong Q4 Results

IBM's (NYSE:IBM) shares saw a significant rise of over 9% on Thursday following the announcement of its Q4 earnings, which exceeded analysts' expectations for...

Humana Shares Drop 11 percent on Disappointing Guidance

Shares of Humana (NYSE:HUM) experienced a significant drop of more than 11% today following the health insurance company's release of its 2024 profit guidance,...

Tesla Plunges 12 percent on Lower Sales Warning

Tesla (NASDAQ:TSLA) indicated a projection of "notably lower" sales growth in 2024 compared to the previous year, amidst increasing competition and a slowdown in...

Watch: 400 Condé Nast union workers walk out and protest over layoff announcement

400 Condé Nast union workers walk out and protest over layoff announcement.  The News Guild of New York said that over 400 unionized employees...

Squarespace Upgraded at JMP Securities, Shares Gain 3 percent

JMP Securities analysts upgraded Squarespace (NYSE:SQSP) from Market Perform to Market Outperform, setting a new price target of $40.00. As a consequence, shares rose...

Biogen’s Rating Slashed to Neutral at UBS

UBS analysts downgraded Biogen (NASDAQ:BIIB) from Buy to Neutral, adjusting the price target from $311 to $276, as per their recent note on Wednesday. The...

eBay Cuts Workforce by 9 percent

eBay (NASDAQ:EBAY) announced a significant workforce reduction today. The online retail giant plans to eliminate approximately 1,000 positions, which accounts for about 9% of...

Intuitive Surgical Beats Q4 Expectations

Intuitive Surgical (NASDAQ:ISRG), renowned for its robotic-assisted surgical technology, reported its fourth-quarter earnings, exceeding analyst expectations. The company's total revenue for the quarter was $1.93...

Texas Instruments Shares Drops 3 percent on Weak Q4 Results & Guidance

Texas Instruments (NASDAQ:TXN) saw its shares drop over 3% intra-day today, following a Q4 report that fell short of analysts' revenue and guidance expectations. The...

Gaming Business Giant FDJ bids to buy online gambling firm Kindred for $2.7 billion

FDJ makes a $2.7 billion offer to purchase Kindred, an online gaming company. On Monday, the Swedish online business Kindred Group was the target of...

Citi Raises Meta Platforms’ Price Target Ahead of Earnings Release

Citi analysts increased their price target for Meta Platforms (NASDAQ:META) from $425 to $440, while maintaining a Buy rating on the stock. The bank highlighted...

D. R. Horton Shares Drop 9 percent Following Q1 EPS Miss

D.R. Horton (NYSE:DHI) reported its first-quarter earnings, presenting a mixed set of results. The company's earnings per share (EPS) for the first quarter came...

Procter & Gamble Stock Gains 4 percent Following Q2 Earnings

Procter & Gamble (NYSE:PG) reported second-quarter results that showed a mixed performance. The company achieved a 4% growth in organic revenue, slightly missing the...

JPMorgan Bullish on NetEase for 2024

JPMorgan analysts maintained an Overweight rating on NetEase (NASDAQ:NTES) with an unchanged price target of $125.00, highlighting the company as a top pick in...

General Electric Shares Drop on Weak Guidance

General Electric's (NYSE:GE) shares saw a more than 3% decline intra-day today following a Q1 forecast that fell short of analysts' expectations. In its fourth...

Consumers are dealing with buy now pay later holiday debt with mixed results

Holiday spending online in 2023 hit highs. Credit card debt has reached a record high as well, and there is a new debt in...

Watch Mark Zuckerberg wants Meta to create artificial general intelligence

Mark Zuckerberg has a new goal after creating the metaverse earlier. He wants Meta to focus on general artificial intelligence. He is moving towards...

The only In-N-Out in Oakland to close due to ongoing issues with crime

In-N-Out, the popular burger chain, is closing its doors in Oakland, California, in March due to a rise in crime in the neighborhood, according...

New labor rule for worker classification enacted, Lyft, Uber says drivers remain unaffected

The Labor Department under the Biden administration enacted a new labor rule. The rule has been made to ensure workers are not classified as...

Enovis Initiated With Buy Rating at UBS

UBS analysts initiated coverage on Enovis Corp (NYSE:ENOV) with a Buy rating and a price target of $75.00. The analysts anticipate that Enovis will...

SolarEdge Shares Drop 6 percent on Job Cut Announcement

SolarEdge Technologies (NASDAQ:SEDG) revealed on Sunday plans to cut its workforce by approximately 16%, affecting around 900 global employees, as part of its cost...

B. Riley Financial Shares Plunge 10 percent Amid SEC Probe Report

B. Riley Financial (NASDAQ:RILY) experienced a 10% drop in its stock price intra-day today amid reports that the Securities and Exchange Commission (SEC) is...

ServiceNow’s Price Target Raised Ahead of Earnings Announcement

Needham analysts increased their price target for ServiceNow (NYSE:NOW) to $900 from $660, while reiterating their Buy rating. The analysts maintained a positive outlook on...

NuStar Energy Shares Jump 15 percent on Sunoco’s $7.3 Billion Acquisition News

Shares of NuStar Energy L.P. (NYSE:NS) surged over 15% intra-day today following the announcement of its acquisition by Sunoco LP (NYSE:SUN) in an all-equity...
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