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Business

eBay Unveils Cutting-Edge Seller Tools to Enhance Efficiency, Maximize Profits, and Foster Trust CWEB News Exclusive

At eBay OPEN25, the premier seller event of the year, eBay has unveiled a groundbreaking suite of innovations designed to revolutionize the selling experience. These...
Business

CWEB Business News Nektar Therapeutics Struggles with Financial Performance Amid Negative ROIC

Nektar Therapeutics (NASDAQ: NKTR), a biopharmaceutical company specializing in groundbreaking treatments for oncology, immunology, and pain management, is facing significant financial hurdles. Recent analysis...
Business

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...

Is the Fed Cutting into an Economic Boom?

Business
The Federal Reserve’s recent decisions regarding interest rates have raised critical questions about the health of the U.S. economy. As the Fed weighs the...

OPEC Production Cuts: A Positive Outlook for Oil Prices

Business
The recent extension of OPEC's production cuts has sparked significant discussion among analysts and investors alike. According to Wells Fargo, these measures are likely...

Mara Holdings CFO Sells Over $262,000 in Company Stock: Implications for Investors

Business
In a noteworthy development, the CFO of Mara Holdings has sold more than $262,000 in company stock. This transaction raises questions among investors regarding...

Viking Therapeutics CEO Sells Over $15 Million in Company Stock: Key Insights for Investors

Business
In a significant transaction, the CEO of Viking Therapeutics, a clinical-stage biopharmaceutical company, has sold over $15 million in company stock. This move has...

Natera Cofounder Sells Over $28 Million in Company Stock: Implications for Investors

Business
In a significant move, Natera, a leading genetic testing and diagnostics company, saw its cofounder sell over $28 million worth of company stock, according...

Eliem Therapeutics Executive Sells Over $9,000 in Company Stock: What Investors Should Know

Business
Recently, an executive from Eliem Therapeutics, a clinical-stage biotechnology company, sold over $9,000 worth of company stock, according to regulatory filings. Although the sum...

Boeing Defense Head Ted Colbert to Leave: Implications and Future Prospects

Business
Boeing's defense division is undergoing a significant leadership change as Ted Colbert, the head of Boeing Defense, Space & Security, is set to leave...

Qualcomm Reportedly Approached Intel for Potential Takeover, WSJ Reports

Business
In a surprising development, Qualcomm, a leading player in the mobile chip industry, reportedly approached Intel regarding a potential takeover. According to a Wall...

How to Play the AI Enterprise Software Revolution

Business
The AI enterprise software revolution is here, transforming industries and changing the way businesses operate. As artificial intelligence (AI) becomes deeply embedded into corporate...

U.S. to Propose Barring Chinese Software & Hardware in Connected Vehicles

Business
In an effort to bolster national security and protect sensitive data, the U.S. government is expected to propose new regulations that would ban Chinese...
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