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Business

CWEB Business News Luxury EV Maker Lucid Group Enacts Reverse Stock Split Amid Market Volatility

In a significant financial maneuver, Lucid Group, Inc. (NASDAQ: LCID) has executed a 10-for-1 reverse stock split of its common stock. The action, which...
Business

CWEB News: U.S. Job Market Shows Resilience, Adds 54,000 New Positions Amid Economic Shifts

CWEB Business News – The latest ADP National Employment Report, a key measure of private-sector health, indicates that the U.S. economy continued its impressive streak...
Business

ConAgra Brands Misses Q1 Estimates, Shares Drop 8 percent

Business
ConAgra Brands (NYSE:CAG) reported disappointing first-quarter fiscal 2025 results, falling short of Wall Street expectations as the company faced inflationary pressures and temporary manufacturing...

Tesla Falls 6 percent After Q3 Deliveries Fail to Impress Analysts

Business
Tesla (NASDAQ:TSLA) shares dropped over 6% intra-day today after the company announced third-quarter 2024 deliveries of 462,890 vehicles. While this figure aligned with Wall...

Nike Shares Drop 7 percent After Q1 Results, Withdraws Guidance and Postponed Investor Day

Business
Nike (NYSE:NKE) reported mixed fiscal first-quarter results, with revenue missing Street expectations and the company announcing it would delay its planned investor day amidst...

Why did Tesla stock fall despite increase in third quarter sales? CWEB reports

Business
Tesla (TSLA) reported an increase in third-quarter delivery numbers. However, the share price of electric vehicle makers fell by about 3.5 percent after the...

Watch Meta Quest 3S, Orion launch, CWEB compares Meta mixed reality with Apple Vision Pro

Business
Meta recently launched its latest mixed reality headset at a very affordable price, more than 10 times less than the Apple Pro Vision mixed...

Walmart Expands Access to Cancer Care: A New Era in Health Services

Business
Walmart (WMT), one of the largest retailers in the world, is making significant strides in healthcare by expanding access to cancer care. This initiative...

Affirm: Revolutionizing Consumer Finance in the Digital Age. CWEB reports.

Business
The consumer finance landscape has significantly transformed in recent years, driven by technological advancements and changing consumer behavior. Affirm (AFRM) is a standout player in...

S&P 500, Nasdaq, and Russell 2000 Show Increasingly Bullish Skew: Citi

Business
According to a recent analysis by Citi, the S&P 500, Nasdaq, and Russell 2000 indices are exhibiting a growing bullish trend. This development comes...

Goldman Sachs Raises Its Gold Price Forecast for Early 2025

Business
Goldman Sachs has revised its gold price forecast, expecting the precious metal to surge by early 2025. This upward revision reflects the bank’s view...

S&P 500 Closes Lower as Rising Middle East Tensions Weigh on Market

Business
The S&P 500 closed lower as escalating tensions in the Middle East spooked investors, creating uncertainty and weighing on the broader market. Geopolitical developments...

S&P 500 Could Hit Unprecedented 6,000 by Year-End After Unusual September Gains

Business
The S&P 500 could be on track to hit an unprecedented 6,000 points by the end of the year, according to market analysts. This...

Meta and Australian Banks Tackle Celebrity Scam Ads

Business
Meta, the parent company of Facebook and Instagram, is collaborating with major Australian banks to combat the proliferation of scam advertisements that exploit the...

Volvo Cars Reports Meager 1 percent Sales Increase in September Amid Market Volatility

Business
In a challenging market environment, Volvo Cars has reported a modest 1% increase in sales for September, reflecting ongoing volatility and shifting consumer preferences...

Earnings Call Recap: UNFI Reports Robust Q4 and Outlines Strategic Growth Plan

Business
United Natural Foods, Inc. (UNFI) has reported a strong performance in its fourth quarter, showcasing resilience and strategic initiatives aimed at fostering future growth....

Market Overview: Asia Stocks Slide as Oil Prices Extend Gains Amid Middle East Risks

Business
Asian markets are experiencing a downturn as concerns about geopolitical tensions in the Middle East escalate, causing oil prices to rise further. Here’s an...

Market Update: Futures Lower Amid Middle East Violence and Key Debates

Business
Futures are trading lower as investors grapple with escalating tensions in the Middle East and anticipate the implications of key political debates. Here’s a...

Paychex Earnings Call: Steady Growth Amid Market Headwinds

Business
In its latest earnings call, Paychex reported steady growth, showcasing resilience despite various market challenges. Here’s a summary of the key highlights: Financial Performance Revenue Growth:...

Palatin Technologies Earnings Call: Pipeline Progress and Asset Sale Strategy in FY 2024

Business
In its recent earnings call, Palatin Technologies highlighted significant developments in its pipeline and an asset sale strategy aimed at enhancing its financial health...

McCormick Earnings Call: Stable Growth and 2024 Outlook

Business
McCormick & Company recently reported stable growth in its latest earnings call, with the company positioning itself for continued momentum in 2024. Key insights...

WWII-Era Bomb Explodes, Shutting Down Japan’s Chubu Airport

Business
A WWII-era bomb exploded near the runway at Japan's Chubu Centrair International Airport, resulting in the cancellation of 87 flights. This incident caused a...

Indonesia Stocks Drop as IDX Composite Closes 1.75 percent Lower

Business
The Indonesia Stock Exchange (IDX) Composite Index dropped by 1.75% at the close of trading, signaling broader market concerns. This decline highlights ongoing economic...

Boeing Union Appeals to CEO Amid Health Coverage Cuts for Striking Workers

Business
Striking workers at Boeing, represented by the union, have appealed directly to CEO Dave Calhoun following the company's decision to cut health coverage. The...

Nike Q1 Revenue Misses Estimates; Investor Day Postponed

Business
Nike's first-quarter revenue fell short of analysts' expectations, leading the global sportswear giant to postpone its much-anticipated investor day. The revenue miss highlights the...

European Energy and Defense Stocks Surge Amid Middle East Tensions

Business
As tensions escalate in the Middle East, European energy and defense companies are seeing a significant rise in stock prices. Investors are flocking to...

Maersk Maintains Beirut Port Operations Amid Business Disruption

Business
Despite the ongoing business disruptions at Beirut’s port, Maersk, one of the world’s largest shipping companies, has continued its operations in the region. The...

European Shares Defy Global Downturn Amid Middle East Tensions and Energy Stock Surge

Business
Despite a global market downturn, European shares have shown resilience, largely driven by gains in the energy sector. The ongoing geopolitical tensions in the...

Harley-Davidson Shares Fall as Baird Downgrades Stock to Neutral

Business
Harley-Davidson’s stock took a hit as Baird downgraded its rating from "Outperform" to "Neutral." The downgrade reflects concerns over slowing sales and market demand...

Global Equity Fund Inflows Rebounded Sharply in September: HSBC

Business
September witnessed a robust recovery in global equity fund inflows, signaling renewed investor confidence in global markets, according to HSBC. This resurgence in fund...

Slew of Data to Reinforce Outlook for Soft Landing in U.S. Economy: BofA

Business
Bank of America (BofA) analysts are optimistic about the future of the U.S. economy, projecting a "soft landing" as various economic indicators show resilience...

Growth to Slow, Inflation to Rise if Trump Implements Tariff Plan: Morgan Stanley

Business
Morgan Stanley recently weighed in on the potential economic fallout if former President Donald Trump follows through on his proposed tariff plan. According to...

Weekly Equities Preview: September Jobs Report Takes Center Stage

Business
As the U.S. stock market prepares for another pivotal week, all eyes will be on the upcoming September Jobs Report, which is expected to...

Tesla Investor Sentiment Unlikely to Shift After Robotaxi Day, Says Barclays

Business
Barclays analysts predict that Tesla's much-anticipated Robotaxi Day event will likely have minimal impact on shifting investor opinions about the company's long-term trajectory. Despite...

Fed’s Bostic Open to Another Jumbo Rate Cut if Job Market Weakens

Business
Federal Reserve official Raphael Bostic has indicated that the Fed could be open to another substantial interest rate cut if the labor market shows...

Stock Market Today: S&P 500 Wraps Up Q3 with Big Gains on Further Rate Cut Hopes

Business
The S&P 500 finished the third quarter of 2024 on a high note, fueled by optimism surrounding potential further rate cuts by the Federal...

Powell Signals Fed to Continue Rate Cuts, But Path Isn’t on a Preset Course

Business
In a recent address, Federal Reserve Chair Jerome Powell hinted that the U.S. central bank is likely to continue its rate-cutting policy in the...

Tesla and Elon Musk Overcome Shareholder Lawsuit Over Self-Driving Promises

Business
Tesla, under the leadership of CEO Elon Musk, has successfully navigated a shareholder lawsuit concerning alleged misleading statements about the company's self-driving technology. The...

Sony Pictures CEO Tony Vinciquerra Steps Down

Business
Sony Pictures CEO Tony Vinciquerra has announced his resignation, marking the end of an influential era in the entertainment industry. Vinciquerra’s leadership over the...

Verizon Network Outage Affects Thousands of Users

Business
Thousands of Verizon users have experienced a significant network outage, according to reports from Downdetector. The outage affected both mobile and internet services across...

Exclusive: CVS Explores Strategic Options, Including Potential Breakup

Business
In a move that could reshape the healthcare and pharmaceutical landscape, CVS Health Corporation is reportedly exploring a range of strategic options, including the...

Wall Street Eyes Lower Start Amid Data-Heavy Week: Powell’s Comments Awaited

Business
Wall Street is poised for a cautious opening, with investors bracing for a data-packed week and awaiting critical comments from Federal Reserve Chair Jerome...

Most Asian Shares Hold Ground, Japan Rate Fears Dent Nikkei

Business
Asian markets largely held steady despite concerns over potential interest rate hikes in Japan, which weighed on the Nikkei. The broader market sentiment remained...

Australia’s Central Bank Bars Canadian Investment Bank After Information Leak

Business
Australia's central bank has taken a strict action against a prominent Canadian investment bank, barring it from participating in private briefings. This decision follows...

Browser Security Startup Menlo Surpasses $100 Million in Annual Recurring Revenue

Business
Menlo Security, a leading browser security startup, has achieved a significant milestone, surpassing $100 million in annual recurring revenue (ARR). This milestone highlights the...

U.S. Warns 40 Foreign Airlines About Potentially Faulty Rudder Parts on Boeing 737s

Business
The U.S. Federal Aviation Administration (FAA) has issued a warning to approximately 40 foreign operators, flagging potential safety risks in Boeing 737 aircraft due...

Factbox: Companies Bracing for Potential US East Coast Ports Strike

Business
A looming strike at the U.S. East Coast ports has the potential to disrupt supply chains and impact numerous companies that rely on these...

Taiwan Stocks Close Lower: Taiwan Weighted Index Down 2.62 percent

Business
Taiwan’s stock market experienced a significant decline, with the Taiwan Weighted Index closing 2.62% lower. The market sentiment was impacted by a combination of...

MannKind Corporation (NASDAQ:MNKD) – A Unique Investment Opportunity in Biopharmaceuticals

Business
Significant growth potential with a 77.56% upside and a strong Piotroski Score of 8, indicating robust financial health. Recent performance dips present buying opportunities for...

Indaptus Therapeutics, Inc. (NASDAQ:INDP) Navigates the Biotech Landscape with Promising Immunotherapy Treatments

Business
Indaptus Therapeutics, Inc. (NASDAQ:INDP) is in a critical phase with its leading candidate, Decoy20, undergoing Phase I clinical trials, marking a significant step towards...
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