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Business

CWEB Business News Hyundai Motor Company Reports Mixed Q2 2025 Results Amid U.S. Tariff Pressures

Hyundai Motor Company (HYMTF) unveiled its second-quarter financial results on July 24, 2025, revealing a complex performance marked by revenue growth but declining profitability....
Business

CWEB Business News LVMH Moët Hennessy Louis Vuitton Reports Strong First-Half 2025 Revenue Amid Economic Challenges

LVMH Moët Hennessy Louis Vuitton (OTC: LVMUY), the world’s leading luxury conglomerate, has announced its financial results for the first half of 2025, showcasing...
Business

How Barclays Thinks the Fed Could React if Trump Enacts Tariffs Plan

Business
In the event that former President Donald Trump reintroduces tariffs as part of his economic policy, Barclays analysts have outlined potential reactions from the...

Which S&P 500 Sectors Perform Best Around U.S. Presidential Elections?

Business
U.S. presidential elections often bring volatility and uncertainty to financial markets, particularly for the S&P 500. While many investors brace for potential market swings,...

Trump Media stock rises after Trump posts no plan to sell shares, CWEB reports

Business
Trump Media (DJT) stock rose by 12 percent on Friday after former President Donald Trump said he has no intention of selling his stock...

Why did celebrity Kevin Hart close his plant-based restaurants? Web fans wonder, CWEB reports

Business
Celebrity Kevin Hart’s plant-based restaurants have abruptly announced the closure of all their locations on social media. The CEO of Hart House also released...

Amazon launches new private label, lowers prices, web fans are relieved, CWEB reports

Business
Amazon (AMZN) has lowered prices on several items, mainly groceries, as it competes with giant retailers such as Target and Walmart. It is also...

Evercore Upgrades Borr Drilling to Outperform, Shares Rise 3 percent

Business
Borr Drilling (NYSE:BORR) shares rose more than 3% pre-market today after Evercore ISI analysts upgraded the company from In Line to Outperform, setting a...

Mizuho Lowers Airbnb Price Target to $170, Citing Aggressive Growth Expectations and Focus on Affordability

Business
Mizuho analysts lowered their price target for Airbnb (NASDAQ:ABNB) to $170 from $175 while maintaining an Outperform rating on the stock. The analysts highlighted several...

Sempra Energy Reaffirmed at Outperform by Mizuho, With Confidence in LNG Strategy

Business
Mizuho analysts reaffirmed their Outperform rating for Sempra Energy (NYSE:SRE), maintaining a price target of $88 on the stock. Following investor meetings in Boston and...

Barclays Downgrades Garmin to Underweight, Shares Fall 2 percent

Business
Garmin Ltd. (NYSE:GRMN) shares fell more than 2% pre-market today after Barclays analysts downgraded the company to Underweight from Equalweight, lowering the price target...

Oracle Shares Surge 6 percent to Record High

Business
Shares of Oracle Corporation (NYSE:ORCL) surged more than 6% pre-market today driven by the company’s optimistic outlook for future revenue growth fueled by demand...

Adobe Stock Drops 8 percent After Q3 Results Beat Estimates but Q4 Guidance Falls Short

Business
Adobe (NASDAQ:ADBE) reported its fiscal third-quarter results on Thursday, surpassing analysts' expectations, but its guidance for the upcoming quarter fell short of forecasts, leading...

AT&T’s Strategic Commitment to 5G and Fiber Expansion Under CEO John Stankey

Business
AT&T (NYSE:T) is expanding its customer base through high-quality 5G and fiber services. Citigroup upgraded AT&T's stock to a Buy rating, reflecting a bullish sentiment...

Citi Downgrades Transocean to Neutral, Citing Downside Risk to 2025 EBITDA Forecasts

Business
Citi analysts downgraded Transocean (NYSE:RIG) to Neutral from Buy, lowering the price target on the stock to $4.50 from $7.50. The downgrade reflects the challenges...

Stephens Initiates Coverage on Carvana with Overweight Rating, Shares Up 5 percent

Business
Stephens analysts initiated coverage on Carvana (NYSE:CVNA) with an Overweight rating and a price target of $190 on the stock. Shares rose more than...

BofA Upgrades Potlatch to Buy, Shares Rise 4 percent

Business
PotlatchDeltic (NASDAQ:PCH) shares rose more than 4% intra-day today after BofA Securities analysts upgraded the company to Buy from Neutral, raising the price target...

Roku Upgraded to Outperform by Wolfe Research, Stock Surges 5 percent

Business
Roku Inc. (NASDAQ:ROKU) shares rose more than 5% intra-day today after Wolfe Research analysts upgraded the stock to Outperform from Peerperform, setting a price...

Kroger Surpasses Q2 Earnings Expectations, Shares Gain 6 percent

Business
Kroger (NYSE:KR) reported strong second-quarter earnings, surpassing expectations and leading the grocery giant to raise the lower end of its full-year sales outlook. Following...

Moderna Stock Plunges 19 percent After Cutting R&D Budget by $1.1 Billion

Business
Moderna (NASDAQ:MRNA) saw its stock tumble over 19% intra-day on Thursday following the company’s announcement of significant reductions to its research and development (R&D)...

Douglas Dynamics, Inc. (NYSE:PLOW) – A Beacon in the Snow and Ice Control Industry

Business
Douglas Dynamics has seen a positive shift in analyst sentiment with its stock target price increasing from an average of $31 to $38, indicating...

MasterCard (NYSE:MA) Sets New Price Target and Acquires Cybersecurity Firm

Business
MasterCard (NYSE:MA) receives a new price target of $515 from KeyBanc, indicating a potential upside of 4.65%. MasterCard announces the acquisition of global threat intelligence...

Oppenheimer Maintains “Perform” Rating on Unity Software Inc. (NYSE:U)

Business
Oppenheimer maintains its "Perform" rating on Unity Software Inc. (NYSE:U), indicating confidence in the company's strategic direction. The decision to eliminate the controversial runtime fee...

Jefferies Downgrades Moderna Inc. (NASDAQ:MRNA) to Hold

Business
Jefferies has downgraded Moderna Inc. (NASDAQ:MRNA) from Buy to Hold, indicating a shift in their outlook towards the biotech company. Despite the broader stock market's...

Adobe Inc. (NASDAQ:ADBE) Surpasses Q3 Earnings and Revenue Estimates

Business
Adobe Inc. (NASDAQ:ADBE) reported a Q3 EPS of $4.65, beating the estimated EPS of $4.53, and revenue of $5.41 billion, exceeding estimates. The company demonstrated...

Big Lots Earnings Report Highlights Key Financial Challenges and Strategic Shifts

Business
Big Lots (NYSE:BIG) reported an EPS of -8.04, significantly below estimates, alongside a slight revenue beat at $1.05 billion. The company is undergoing a Chapter...

Citigroup Adjusts Stance on Wells Fargo & Company

Business
Citigroup has revised its rating on Wells Fargo & Company (NYSE:WFC) to "Neutral," indicating a cautious stance amidst regulatory challenges. Wells Fargo is actively working...

Caleres Inc. (NYSE:CAL) Earnings Report Highlights

Business
Caleres Inc. reported Q2 2024 earnings with revenue of approximately $683.3 million, missing the expected $723.8 million. The company experienced a significant drop in earnings...

BMO Capital Upgrades American Tower Corporation (NYSE:AMT) to Outperform

Business
BMO Capital has upgraded American Tower Corporation (NYSE:AMT) to Outperform with a revised price target of $260. Despite a slight decline, AMT's stock has outperformed...

Watch Meta’s Mark Zuckerberg tapes podcast talk at San Francisco, 6,000 web fans pay to listen, CWEB reports

Business
Meta’s (META) Mark Zuckerberg appeared in front of over 6,000 web fans at the Chase Center in San Francisco. Each tech fan paid $50...

SpaceX launches Groundbreaking Mission with Private Crew and Historic Spacewalk in 2024

Business
Date: September 10, 2024 In a groundbreaking development for private space exploration, SpaceX launches a mission featuring a private crew that will achieve a historic...

DA Davidson Highlights Meta Platforms’ Unique Position Among Founder-Led Companies

Business
Meta Platforms, Inc. (NASDAQ:META) is distinguished for its founder-led leadership, surpassing even Nvidia in this aspect. The company's strategic decisions and long-term vision, driven by...

Evercore ISI Upgrades IBM to Outperform: A Sign of Confidence in Future Growth

Business
Evercore ISI has upgraded IBM (NYSE:IBM) to Outperform, raising the price target from $215 to $240, indicating strong growth potential. IBM's focus on innovation in...

PTC Therapeutics, Inc. (NASDAQ:PTCT) Financial Overview and Competitive Positioning

Business
PTC Therapeutics, Inc. (NASDAQ:PTCT) demonstrates a strong financial position with a ROIC of 27.71% and a WACC of 9.98%, indicating efficient capital use. The company's...

Edison International’s Price Target Raised at Argus

Business
Argus analysts raised their price target for Edison International (NYSE:EIX) to $97, up from $82, while maintaining a Buy rating on the stock. The analysts’...

Argus Analyst Increases Price Target for CAVA Group, Cites Innovation and Strong Growth in Fast-Casual Market

Business
Argus analysts raised their price target for CAVA Group Inc (NYSE:CAVA) to $128, up from $104, while maintaining a Buy rating on the stock. The...

Voya Financial Boosts Forward Earnings Outlook with Acquisition of OneAmerica’s Retirement Plan Business

Business
Evercore ISI analysts increased their price target for Voya Financial (NYSE:VOYA) to $82, up from $79, while maintaining an Outperform rating on the stock. Shares...

DA Davidson Analyst Sees Growth Potential for JFrog, Maintains Buy Rating

Business
DA Davidson analysts reaffirmed their Buy rating for JFrog (NASDAQ:FROG) and maintained a price target of $40 on the stock. After attending JFrog's swampUp user...

BofA Analyst Raises AppLovin Price Target, Stock Surges 13 percent

Business
AppLovin (NASDAQ:APP) shares rose more than 13% intra-day today after BofA Securities analysts increased their price target for the company from $100 to $120,...

GameStop Shares Drop Over 13 percent Following Plans to Issue New Stock Amid Revenue Decline

Business
GameStop (NYSE:GME) experienced a significant drop in its stock price, plunging over 13% intra-day today after announcing plans to issue additional shares, despite reporting...

Apollo Global Management’s Strategic Acquisition and Bullish Price Target

Business
Wells Fargo sets a bullish price target of $132 for Apollo Global Management, Inc. (NYSE:APO), indicating a potential upside of approximately 21.47%. The acquisition of...

Stephens Upgrades Carvana Co. to Overweight, Signaling Confidence in Future Growth

Business
Stephens upgraded Carvana Co. (NYSE:CVNA) to Overweight from Equal-Weight, with the stock trading at $133.54. Carvana's focus on strategic investments and improving economies of scale...

Designer Brands Inc. (DBI) Faces Financial Challenges in Recent Quarter

Business
Earnings per share (EPS) of $0.236 missed the estimated target, alongside revenue falling short of expectations. DBI's stock price declined following the announcement, highlighting the...

Wells Fargo Adjusts Rating on T. Rowe Price Group, Inc. (NASDAQ:TROW)

Business
Wells Fargo downgraded T. Rowe Price Group, Inc. (NASDAQ:TROW) to Equal-Weight from Overweight. Despite a year-to-date price decrease of -3.85%, T. Rowe Price's focus on...

Goldman Sachs Upgrades Visa Inc. (NYSE:V) to Buy

Business
Goldman Sachs upgrades Visa Inc. (NYSE:V) to Buy from Hold, indicating strong confidence in Visa's long-term growth potential. Despite a slight decrease on the day...

Cintas Corporation Announces 1 for 4 Stock Split

Business
The 4-for-1 forward stock split by Cintas Corporation (NASDAQ:CTAS) aims to make shares more affordable and appealing to a broader investor base. CTAS's stock will...

Asian Stocks Rise as Tech Follows Nvidia Rally; Japan Surges on Soft Inflation

Business
Asian stock markets saw a positive upswing recently, led by gains in tech stocks that followed a robust rally in Nvidia shares. Japan's stock...

Equities and Oil Divergence Expected to Continue

Business
Recent market trends have showcased a divergence between equities and oil prices, and this split is expected to persist for a while. While the...

Morgan Stanley’s New Top Pick in AI Chips: Exploring the Investment Opportunity

Business
In the fast-evolving landscape of artificial intelligence (AI), chip stocks continue to be a hot topic for investors. Recently, Morgan Stanley highlighted a new...

Jumbo Fed Rate Cut in September Unlikely as Market Adjusts Expectations

Business
The Federal Reserve's policy decisions continue to be a focal point for investors and market participants. Recently, the likelihood of a jumbo rate cut...
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