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Business

CWEB Business News: Meta Rejects EU AI Code of Practice – What It Means for Tech Giants

By CWEB Business News | AI Regulation, Tech Policy, Meta News Meta Refuses to Sign EU’s AI Code, Citing Legal Concerns In a major development reported...
Business

CWEB Business News- Walmart Rated a Strong Buy- A Retail Powerhouse Poised for Growth

Headquartered in Bentonville, Arkansas, Walmart Inc. (WMT) is a global leader in retail, operating a diverse portfolio of supermarkets, warehouse clubs, discount stores, and...
Business

Oppenheimer Initiates Coverage on Pinterest with Outperform Rating, Shares Up Nearly 4 percent

Business
Pinterest Inc. (NYSE:PINS) shares rose nearly 4% on Tuesday after Oppenheimer initiated coverage on the company with an Outperform rating and a price target...

Bank of America Clients Drive Strongest Equity Inflows in Nearly Two Years Amid Fed Rate Cuts

Business
During a pivotal week marked by the Federal Reserve's interest rate cuts, Bank of America (BoA) clients contributed to the most substantial equity inflows...

Gold’s Unseasonably Strong September Performance: What UBS Analysts Are Saying

Business
September is often a volatile month for gold, but UBS analysts have pointed out that 2024 has been an outlier. Historically, gold tends to...

What’s Next for Markets as Fed Easing Unfolds: UBS Weighs In

Business
As the U.S. Federal Reserve gradually eases its monetary stance, investors are left wondering what comes next for the broader markets. According to UBS,...

Gold Price Forecast for 2024: Insights from Investing.com Poll

Business
Gold has long been a go-to asset for investors seeking a hedge against inflation, market volatility, and geopolitical uncertainty. As we approach 2024, a...

Tesla’s Full Self-Driving Software Faces Scrutiny: AMCI Testing Raises Concerns

Business
  Tesla’s Full Self-Driving (FSD) software has recently come under intense scrutiny following testing conducted by AMCI, an automotive performance evaluation company. The report raises...

Stock Market Today: Dow, S&P 500 Ride Nvidia Surge to Fresh Record Highs

Business
The stock market saw a strong boost today as the Dow and S&P 500 reached new record highs, driven largely by the impressive performance...

Asian Stocks Rise as China Rallies on Stimulus Optimism

Business
Asian stocks have experienced a notable rally, largely driven by optimism surrounding China's latest economic stimulus measures. As China continues to implement policies aimed...

Gold Prices Soar Past $2,700: Copper Supported by China’s Economic Measures

Business
Gold prices have surged past the $2,700 mark, hitting a record high, as investors flock to the safe-haven asset amid global uncertainties. Simultaneously, copper...

Futures Rise on Soft Landing Optimism, China Stimulus

Business
Futures have experienced a notable uptick, driven by optimism surrounding a potential soft landing for the economy and recent stimulus measures introduced by China....

US Video Game Actors Call Strike on Maker of Popular Game League of Legends

Business
In a significant move, video game actors in the United States have called for a strike against the makers of the popular game "League...

Australia Court Fines Vanguard Unit $9 Million Over Ethical Investment Claims

Business
An Australian court has imposed a $9 million fine on a Vanguard unit for misleading claims regarding the ethical investment practices of its funds....

Citi Raises Price Targets on China EV Makers Amid Expected Strong Sales Growth

Business
Citi has raised price targets on several major Chinese electric vehicle (EV) manufacturers, predicting stronger-than-expected sales in the coming quarters. The bank’s bullish outlook...

U.S. Probing SAP and Carahsoft for Potential Price Fixing Allegations

Business
The U.S. Department of Justice (DOJ) is investigating SAP SE and Carahsoft Technology Corp. over potential price-fixing practices, according to reports from Bloomberg. The...

Volkswagen Begins Crucial Pay Negotiations with Unions Amid Potential Plant Closures

Business
Volkswagen (VW) has entered a critical phase of wage talks with unions in Germany, with discussions taking place under the looming threat of potential...

Vietnam’s Leader Pledges to Strengthen Tech Economy in Meeting with U.S. Corporations

Business
Vietnam’s Prime Minister Pham Minh Chinh recently met with executives from major U.S. corporations to discuss the nation's ambition to enhance its technology-driven economy....

China Stocks Surge Following Stimulus Measures; Dollar Slips on Rate Speculations

Business
China's stock market soared as the government's recent stimulus package boosted investor sentiment, bringing new energy to the markets. The stimulus, aimed at stabilizing...

Taiwan Stocks Close Higher as Taiwan Weighted Index Rises 1.68 percent

Business
Taiwan's stock market saw a positive surge with the Taiwan Weighted Index rising by 1.68% at the close of trade. This upward movement came...

DBS Bank to Increase Stake in China Securities Joint Venture to 91 percent

Business
DBS Bank, Singapore's largest lender, is moving forward with plans to raise its stake in its China securities joint venture from 51% to 91%....

France’s Orange to Delist from New York Stock Exchange

Business
Orange S.A., one of France’s largest telecommunications companies, has announced plans to voluntarily delist from the New York Stock Exchange (NYSE). The company aims...

Japan Stocks Edge Lower as Nikkei 225 Closes Down 0.25 percent

Business
Japan Stocks Edge Lower as Nikkei 225 Closes Down 0.25%   The Japanese stock market saw a dip as the Nikkei 225 index closed 0.25% lower...

Walmart International makes inroads in Asia, Mexico, pleasing web fans, CWEB reports

Business
Walmart (WMT) is the nation's largest retailer, making inroads in large Asian countries and Mexico. The Bentonville, Arkansas-based retailer is expanding operations in Asia...

Understanding the Recent Bitcoin Rally: 5 Key Reasons Behind the Surge

Business
Bitcoin has recently experienced a significant rally, capturing the attention of investors and analysts alike. As the cryptocurrency market becomes increasingly dynamic, understanding the...

Investors Turn Cautious: A Shift Towards Bearish Sentiment on the U.S. Economy

Business
Recent insights from a BCA Research poll reveal a notable shift in investor sentiment regarding the U.S. economy. As economic indicators present mixed signals,...

Bitcoin Surges to 1-Month High: What’s Driving the Rally?

Business
Bitcoin has recently reached a 1-month high, trading near $64,000. The surge comes as investors are buoyed by the possibility of rate cuts, which...

Qualcomm-Intel Acquisition Rumors: What Investors Should Know

Business
Recent rumors about Qualcomm potentially acquiring Intel have stirred the financial markets, but according to Citi analysts, the idea is “almost too silly to...

Weekly Market Preview: New Economic Data Could Boost Dow Jones, Nasdaq, and S&P 500

Business
As we head into the upcoming week, investors are eyeing fresh economic data that could potentially drive gains in major U.S. stock indices like...

Mizuho Suggests Qualcomm Should Consider Alternative Acquisitions Over Intel

Business
Qualcomm, a leading player in the semiconductor industry, is being advised to shift its focus away from Intel for potential acquisitions. Mizuho Securities, a...

U.S. Data Center Power to Nearly Double by 2027: Morgan Stanley Report

Business
The rapid expansion of digital infrastructure is set to continue at an unprecedented pace. According to Morgan Stanley, the power capacity of U.S. data...

Citi Predicts a 50 Basis Point Cut by the Fed in November: Implications for the Market

Business
The Federal Reserve's monetary policy decisions are always a focal point for investors, economists, and policymakers. According to a recent report from Citi, the...

Is Super Micro Computer (SMCI) Heading Toward a $1000 Stock? Insights from Wall Street

Business
Super Micro Computer, Inc. (NASDAQ: SMCI) has caught the attention of investors and analysts alike as its stock continues to perform impressively. With its...

S&P 500 Consolidates Gains Above 5700: What Investors Should Know

Business
The S&P 500 has recently consolidated its gains above the 5700 mark, signaling market resilience amidst mixed economic signals. This performance has garnered attention...

Asian Stocks Rise on China Stimulus, But Australia Lags Ahead of RBA Decision

Business
Asian stocks experienced an upward surge following China's announcement of fresh stimulus measures aimed at bolstering economic growth. However, Australian markets lagged behind as...

Chinese Stocks Hold Bullish Outlook: Gavekal Research Insights

Business
Despite global economic uncertainties, Chinese stocks are showing signs of resilience and a potential bullish outlook, according to recent insights from Gavekal Research. This...

Wall Street Eyes Pinterest’s Robust Growth Trajectory

Business
Pinterest's growth prospects have attracted considerable attention from Wall Street, with analysts noting the platform's evolving role in digital advertising and e-commerce. Here's why...

Salesforce President and CFO Amy Weaver Sells Over $249K in Company Stock

Business
Salesforce's President and CFO, Amy Weaver, recently sold over $249,000 worth of company stock. This move has caught the attention of investors and market...

China’s Latest Stimulus: A Relief, But No Bazooka

Business
China's latest economic stimulus measures have sparked relief in financial markets, though they stop short of the "bazooka" intervention many had hoped for. Instead...

Miniso’s Shares Slump on Plans to Buy Stake in Yonghui Superstores: What Investors Should Know

Business
Miniso Group's stock took a hit after announcing its plans to acquire a stake in Yonghui Superstores, a prominent Chinese supermarket chain. Investors reacted...

Boeing Increases Wage Offer to 30 percent for Striking Workers: Key Developments

Business
Boeing has raised its wage offer to 30% in a bid to end the ongoing strike by its workers. The strike has caused significant...

Asia Stocks Steady Ahead of RBA Decision and Ueda’s Speech: Key Insights

Business
Asian markets have remained steady as investors prepare for the Reserve Bank of Australia's (RBA) upcoming decision and a much-anticipated speech from Kazuo Ueda,...

JPMorgan Bullish on India and Japan: Key Insights for Asia Investors

Business
JPMorgan's top Asia official has recently expressed strong bullish sentiments toward India and Japan as two key growth markets in the region. This announcement...

Jefferies Adjusts Starbucks Corporation (NASDAQ:SBUX) Price Target

Business
Jefferies downgrades Starbucks Corporation (NASDAQ:SBUX) to 'Underperform' with a new price target of $76, indicating a bearish outlook. The appointment of Brian Niccol as CEO...

Apple debuts iPhone 16, Apple Watch Series 10, AirPods 4, global web fans happy, stock falls

Business
On Friday, Apple (AAPL) debuted its flagship devices, the iPhone 16, Apple Watch Series 10, and AirPods. Many global fans lined up to purchase...

How Might Rate Cuts Impact Copper and Aluminium Prices?

Business
As central banks consider rate cuts to stimulate economic growth, the effects on commodity markets, particularly copper and aluminium, warrant close examination. Understanding these...

Hedge Funds Well-Positioned to Navigate Market Swings: Insights from UBS

Business
In today's volatile market environment, hedge funds are emerging as a strategic option for investors looking to manage risk and capitalize on opportunities. UBS...

Why China’s Battle with Deflation May Have Global Implications

Business
China's struggle with deflation presents significant challenges not only for its economy but also for global markets. As the world's second-largest economy grapples with...

Investors Should Derisk Ahead of U.S. Elections: Insights from BCA

Business
As the U.S. elections approach, financial analysts are advising investors to consider derisking their portfolios. According to the Bank Credit Analyst (BCA), the political...

Selling Season Ahead: What Wells Fargo Says About Market Trends

Business
As we approach the end of the year, market analysts are closely monitoring the traditional selling season, particularly in light of upcoming elections. According...
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