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HomeBusiness

Business

Pfizer and Valneva Forge Ahead with Landmark Lyme Disease Vaccine Despite Mixed Late-Stage Results

Pfizer and Valneva are moving forward with regulatory approval for their experimental Lyme disease vaccine after it demonstrated up to 75% efficacy in late-stage...
Business

Is Meta looking for a 2026 Launchpad for its smartwatch? CWEB Business News

Meta Platforms might be reviving its smartwatch project and launch its debut watch this year. The Facebook, WhatsApp, Instagram, parent had a plan to...
Business

Euroseas Ltd. (NASDAQ:ESEA) Surpasses Earnings and Revenue Expectations

Business
Euroseas Ltd. (NASDAQ:ESEA) reported earnings per share of $3.87, exceeding estimates and showcasing strong financial performance. The company's revenue of $54.73 million surpassed expectations, indicating...

CoreWeave Teams with Google Cloud to Power OpenAI’s AI Demand

Business
Partnership Highlights CoreWeave Integration: CoreWeave will supply NVIDIA GPU?based computing capacity to Google Cloud. OpenAI Support: Google Cloud—bolstered by CoreWeave’s resources—will provision infrastructure for OpenAI services...

Citi Launches ‘Positive Catalyst Watch’ on Microsoft Ahead of Azure Inflection

Business
Citi analysts have initiated a “Positive Catalyst Watch” on Microsoft (NASDAQ:?MSFT), arguing that Street estimates for Azure are too conservative for fiscal?2026. Their conviction...

HSBC Upgrades U.S. Equities to Overweight on AI, Weaker Dollar, and Policy Catalysts

Business
Strategic Upgrade and Key Drivers HSBC strategists, led by Max Kettner, have shifted their U.S. equity stance to Overweight from Neutral amid: Artificial Intelligence Optimism: Renewed...

Oracle Surges After Raising Revenue Outlook on AI-Driven Cloud Demand

Business
Oracle Corporation (NYSE:ORCL) soared in extended trading after the company raised its annual revenue growth forecast and highlighted strong momentum in cloud and AI...

Bitcoin Slips as Trade Deal Optimism Fades Amid Fresh Tariff Threats

Business
Bitcoin prices fell on Thursday despite initial market optimism over a tentative U.S.-China trade framework, as investors grew wary of new tariff threats from...

Gold’s Consolidation “Pause” Signals Next Upside Move, Says UBS

Business
Despite gold hitting an all-time high of $3,500 in late April, UBS analysts believe the recent consolidation is a healthy breather before another leg...

Asian Stocks Mixed Amid Tariff Threats and Geopolitical Tensions

Business
Market Snapshot S&P?500 Futures: Down 0.4% in Asian trading after Trump’s tariff warning. Shanghai?Composite & CSI?300: Slight declines following earlier week gains. Hang?Seng: Off 0.5%, hurt by...

Emerging Bull Case: Morgan Stanley’s Optimism for Equity Markets

Business
Morgan Stanley analysts argue that a “new bull case” is taking shape, fueled by a rapid reversal of reciprocal tariffs and de-escalation of U.S.-China...

Air India Flight AI171 Crash in Ahmedabad Sends Boeing Shares Tumbling

Business
What Happened Flight AI171, a Boeing?787?8 Dreamliner operated by Air?India, crashed shortly after take?off from Ahmedabad en?route to London?– Gatwick. The aircraft reached about 625?ft before...

America’s Car-Mart, Inc. (NASDAQ: CRMT) Quarterly Earnings Preview

Business
Earnings per Share (EPS) projection of $0.87 reflects the company's profitability. Expected revenue of approximately $369.77 million indicates strong sales generation capabilities. The price-to-earnings (P/E) ratio...

UBS Cuts Price Target on Vail Resorts, Maintains Neutral Rating Amid Sluggish Pass Sales Outlook

Business
UBS lowered its price target on Vail Resorts (NYSE:MTN) to $169 from $185, while maintaining a Neutral rating, citing ongoing weakness in pass sales...

UBS Reiterates Buy on Arch Capital, Sees Strong Capital Returns Ahead

Business
UBS reaffirmed a Buy rating on Arch Capital Group (NASDAQ:ACGL) and maintained a $124 price target, citing the insurer’s robust capital generation and ongoing...

GitLab Shares Sink 8 percent Despite Earnings Beat as Revenue Guidance Disappoints

Business
GitLab (NASDAQ:GTLB) shares plunged over 8% intra-day today as upbeat Q1 results were overshadowed by underwhelming revenue guidance. The DevSecOps platform reported adjusted Q1 earnings...

GameStop Shares Dip 4 percent as Revenue Misses Despite Surprise Profit

Business
GameStop (NYSE:GME) shares dropped more than 4% intra-day today after the company reported first-quarter revenue that fell short of expectations, overshadowing an unexpected profit. The...

Dave & Buster’s Shares Surge 13 percent as Recovery Momentum Trumps Weak Q1 Results

Business
Dave & Buster’s Entertainment (NASDAQ:PLAY) saw its stock jump over 13% intra-day today, as investors looked past weaker-than-expected quarterly results and focused on signs...

Chewy Shares Slip 10 percent as Higher Costs Offset Stronger Sales Growth

Business
Chewy (NYSE:CHWY) posted stronger-than-expected first-quarter revenue but saw its stock fall more than 10% intra-day today after earnings fell short due to rising operating...

Lakeland Industries, Inc. (NASDAQ:LAKE) Reports Fiscal Q1 2026 Financial Results

Business
Lakeland Industries, Inc. (NASDAQ:LAKE) achieved record net sales of $46.7 million, a 29% increase year-over-year, driven by a significant rise in Fire Services products. Despite...

CWEB News Exclusive: President Trump’s Historic US-China Accord – The Biggest Trade Deal in Modern History

Business
In a landmark moment for global trade and international diplomacy, President Donald J. Trump has announced the completion of a monumental U.S.-China trade agreement,...

Wells?Fargo Sees Flat to Declining Consumer Loan Growth in 2025

Business
CFO Forecast: “Muted” Consumer Lending Ahead Wells?Fargo CFO Mike Santomassimo told investors this week that U.S. consumer loan growth is likely to remain muted —...

Air Force Halves F?35 Order: What It Means for Lockheed Martin’s Finances

Business
Order Cut Underscores Pentagon Budget Constraints The U.S. Air Force trimmed its F?35 jet request from 48 to 24 aircraft, per a Bloomberg report citing...

Wells?Fargo Maintains Underweight on Tesla as Q2 Deliveries Slump

Business
Q2 Delivery Trends Wells?Fargo analysts reiterated an Underweight rating and a $120 price target on Tesla (NASDAQ:?TSLA), citing another weak quarter ahead: Global deliveries in May...

Informa TechTarget, Inc. (NASDAQ:TTGT) Quarterly Earnings Preview

Business
Informa TechTarget, Inc. (NASDAQ:TTGT) is set to release its quarterly earnings with an anticipated EPS of $0.02 and revenue of $104.2 million. The company reported...

Oracle Corporation’s Market Outlook and Financial Performance

Business
The consensus price target for Oracle Corporation (NYSE:ORCL) has been on a downward trend, indicating a cautious outlook from analysts. Market conditions, including the May...

REE Automotive Ltd. (NASDAQ:REE) Maintains Stable Analyst Consensus Amid Positive Developments

Business
Stable Analyst Consensus: REE Automotive Ltd. (NASDAQ:REE) has maintained a consistent consensus price target of $1 over the past year, indicating a stable outlook...

Chewy, Inc. (NYSE:CHWY) Analyst Sentiment and Market Position

Business
Analyst sentiment towards Chewy, Inc. (NYSE:CHWY) has become more positive over the past year, with the consensus price target increasing from $34.88 to $47. The...

J.Jill, Inc. (NYSE:JILL) Reports First-Quarter Financial Results for Fiscal Year 2025

Business
Earnings per share of $0.88 met analysts' expectations, but revenue of $153.6 million fell short of the anticipated $156.8 million. New CEO Mary Ellen Coyne...

Chewy Inc. (NYSE:CHWY) Earnings Report Highlights

Business
Chewy reported earnings per share (EPS) of $0.35, beating the estimated $0.34, and exceeded revenue expectations with approximately $3.12 billion. Despite an 8.3% increase in...

ArcBest Corporation (NASDAQ:ARCB) Stock Analysis and Insights

Business
Jefferies maintains a "Buy" rating for ArcBest Corporation (NASDAQ:ARCB), raising the price target from $75 to $85, indicating strong growth...

GM Shifts Gears: $4 Billion Investment to Boost Gas Vehicle Production in U.S.

Business
General Motors (NYSE: GM) is pivoting from its EV-first narrative with a new $4 billion investment across three U.S. manufacturing facilities, signaling a strategic...

Fed Expected to Hold Rates Steady as Tariff Uncertainty Clouds Outlook

Business
Federal Reserve officials are likely to remain on hold in the coming months, with Deutsche Bank analysts forecasting a wait-and-see approach amid rising uncertainty...

Gold Prices Gain as Trump Tariff Ruling Fuels Risk-Off Sentiment

Business
Gold prices climbed in Asian trade on Wednesday, supported by renewed risk aversion after a U.S. court ruling upheld President Donald Trump’s trade tariffs,...

Alphabet Offers Voluntary Buyouts in Search and Ads Units Amid Competitive, Legal Pressures

Business
Alphabet Inc. (NASDAQ:GOOGL) saw its shares trim early gains on Tuesday after reports surfaced of voluntary employee buyouts in its core search and advertising...

Dollar Steadies as U.S.-China Trade Talks Signal Thaw, But Details Lacking

Business
The U.S. dollar and Chinese yuan remained largely unchanged on Wednesday following the conclusion of trade negotiations in London. While both nations hinted at...

Tesla Set to Launch Robotaxi Service in Austin This Month

Business
Tesla (NASDAQ:TSLA) is preparing to launch its long-awaited robotaxi service in Austin, Texas, with a tentative start date of June 22, according to CEO...

Crypto Fund Assets Hit All-Time High as Bitcoin Becomes a Global Hedge

Business
Crypto Fund Assets Hit All-Time High as Bitcoin Becomes a Global Hedge   Crypto funds saw record inflows in May, highlighting a shift in global investor...

JPMorgan Recommends Selling Tesla, Rotating Into Value-Rich Auto Parts Suppliers

Business
JPMorgan analysts issued a new call on Tuesday urging investors to sell Tesla (NASDAQ:TSLA) and reallocate capital into auto parts suppliers Aptiv (NYSE:APTV) and...

Asian Markets Edge Higher on U.S.-China Trade Optimism; Tech Stocks Lead Gains

Business
Asian equities advanced on Wednesday, led by Chinese markets, as optimism over a preliminary trade framework between the U.S. and China boosted sentiment across...

GameStop’s Q1 Revenue Slump Highlights Digital Pivot Challenges

Business
Sales Slide as Consumers Favor Downloads GameStop (NYSE:?GME) reported a 32% drop in hardware and accessories revenue in Q1, driven by: Shift to digital: Gamers increasingly...

Wells?Fargo Sees Flat to Declining Consumer Loan Growth in 2025

Business
CFO Forecast: “Muted” Consumer Lending Ahead Wells?Fargo CFO Mike Santomassimo told investors this week that U.S. consumer loan growth is likely to remain muted —...

Slack Tightens Data Controls Amid AI Privacy Concerns

Business
Salesforce’s New Slack API Terms Salesforce (NYSE:?CRM) recently updated its Slack terms of service to restrict how third?party apps store and search Slack messages, according...

Air Force Halves F?35 Order: What It Means for Lockheed Martin’s Finances

Business
Order Cut Underscores Pentagon Budget Constraints The U.S. Air Force trimmed its F?35 jet request from 48 to 24 aircraft, per a Bloomberg report citing...

Wells?Fargo Maintains Underweight on Tesla as Q2 Deliveries Slump

Business
Q2 Delivery Trends Wells?Fargo analysts reiterated an Underweight rating and a $120 price target on Tesla (NASDAQ:?TSLA), citing another weak quarter ahead: Global deliveries in May...

Capital Economics Sees Reasonable Caution

Business
Analysts at Capital Economics, led by Jonas Goltermann, note that markets have adopted a “pretty relaxed view” of trade-related risks. Their client note explains: The...

Apple’s WWDC AI Updates Fail to Impress, Shares Slip Further

Business
Key Takeaways from WWDC 2025 AI Focus Mild: Live phone-call translations and incremental developer tools, but no major breakthroughs. Investor Reaction: AAPL slid on Monday, extending...

Trump’s Trade Tariffs Remain in Place Amid Legal Tug-of-War: What Investors Need to Know

Business
A Federal Court Ruling Reshapes the Trade Landscape — Temporarily U.S. President Donald Trump’s controversial trade tariffs have been granted a legal reprieve. On Tuesday,...

Markets Hold Gains on U.S.-China Trade Progress; Inflation Data in Focus

Business
Stock markets and the dollar remained cautiously higher on Wednesday as investors assessed vague but optimistic headlines from U.S.-China trade talks. U.S.-China Reach Broad Trade...

Bitcoin Holds Steady as Traders Await U.S.-China Trade Deal Clarity

Business
  Bitcoin prices were largely unchanged on Wednesday, pausing after a strong rally in the prior session. The world’s largest cryptocurrency hovered at $109,559.20, just...
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