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HomeBusiness

Business

CWEB Business News Wayfair Stock Surges 12% After Stellar Q2 Earnings Beat and Profitability Milestone

Shares of Wayfair (NYSE: W) skyrocketed more than 12% following the release of its impressive second-quarter earnings report, which exceeded analyst expectations and marked...
Business

Groupon’s Strong Q2 2025 Performance Signals a Turnaround – CWEB Business News

Groupon, Inc. (NASDAQ: GRPN) recently announced its financial results for the second quarter of 2025, delivering a performance that has garnered investor optimism. The...
Business

HSBC Downgrades Qualcomm to Hold Amid AI PC Market Concerns, Shares Drop 8 percent

Business
Qualcomm (NASDAQ:QCOM) shares dropped more than 8% on Wednesday after HSBC downgraded the company to Hold, expressing caution due to a lack of catalysts...

Johnson & Johnson Beats Q2 Earnings and Revenue Estimates, Raises Full-Year Guidance

Business
Johnson & Johnson (NYSE:JNJ) shares rose more than 3% on Wednesday after the company reported impressive second-quarter results, surpassing Wall Street expectations for both...

United Airlines Posts Q2 Revenue and Guidance Miss

Business
United Airlines (NASDAQ:UAL) reported disappointing Q2 results on Wednesday, with both revenue and forward guidance falling short of Wall Street expectations due to weakening...

Rivian Automotive Gets Price Target Boost from Wells Fargo

Business
Wells Fargo analysts raised their price target on Rivian Automotive (NASDAQ:RIVN) to $18 from $10 while maintaining an Equal Weight rating. The analysts’ revised...

Goldman Sachs Remains Bullish on Apple Ahead of Earnings

Business
Goldman Sachs analysts reiterated their Buy rating on Apple (NASDAQ:AAPL) with a price target of $265, expecting Apple to beat EPS estimates for Q3/24,...

Block Earns an Upgrade at William Blair

Business
William Blair analysts upgraded Block (NYSE:SQ) to Outperform from Market Perform, citing several positive developments. The analysts highlighted improved execution at Square, particularly in...

Domino’s Pizza Lowers International Store Opening Target, Shares Drop 13 percent

Business
Domino's Pizza (NYSE:DPZ) saw its shares fall more than 13% today after forecasting slower Q3 comparable sales and cutting its target for new international...

Zscaler Positioned for Growth, Says Piper Sandler Analyst

Business
Piper Sandler analysts reiterated an Overweight rating and set a $255 price target on Zscaler (NASDAQ:ZS) after recent investor meetings with CEO Jay Chaudhry....

Abbott Raises Annual Profit Forecast, But Shares Drop 4 percent on Weak Diagnostics and Nutrition Segments

Business
Abbott Laboratories (NYSE:ABT) increased its annual profit forecast on Thursday following a second-quarter performance that surpassed Wall Street expectations, driven by double-digit growth in...

CWEB analyzes Samsung Galaxy Z Fold6 smartphone features, unveiled in Paris, for web fans

Business
Samsung Electronics (SSNLF) unveiled many new products at Galaxy Unpacked in Paris on July 10. These included Galaxy Z Fold6, Galaxy Z Flip6, Galaxy...

Will Walmart offer better deals than Amazon Prime? Web fans wonder, CWEB reports

Business
Walmart (WMT), the nation’s largest retailer, offers as good as or better deals than Amazon Prime Day 2024. Many web fans flock to their...

Elon Musk to move SpaceX, and X from California to Texas, Tesla CEO objects to new state laws

Business
Elon Musk (TSLA) has moved the base of two more companies from California to Texas. He plans to relocate space company SpaceX and social...

Google parent Alphabet in talks to acquire Wiz for $23 billion, report says

Business
Alphabet, Google’s (GOOGL) parent company, is in advanced talks to acquire Wiz, a well-established cloud security firm. On Sunday, a popular outlet reported that...

Porsche is shifting its focus away from combustion engines. Taycan and Macan Go All Electric

Business
Porsche (POHAY) is shifting its focus away from combustion engines, opting not to invest in new Boxster, Cayman, or gas-powered Macan generations. As it...

Lululemon is greenwashing-falsely advertised brand has sustainable products

Business
A class-action lawsuit was filed in the US District Court for the Southern District of Florida, accusing Lululemon (LULU) of greenwashing through its 'Be...

Krispy Kreme Launches ‘Passport To Paris’ Doughnut Collection In Celebration of The Paris Olympics

Business
Krispy Kreme, Inc. (DNUT) has introduced its all-new Passport to Paris Collection, featuring three Parisian dessert-inspired doughnuts, just in time for the Paris Olympic...

Baird Reiterates Outperform Rating on Tesla, Expects Strong Q2 EPS and Potential Beat

Business
Baird analysts reaffirmed their Outperform rating for Tesla (NASDAQ:TSLA) with a price target of $280, noting they believe that the setup for Tesla's Q2...

Bank of America Tops Q2 Earnings and Revenue Estimates, Despite Decline in Net Income

Business
Bank of America (NYSE:BAC) surpassed earnings and revenue expectations for the second quarter, reporting an EPS of $0.83, above the Street estimate of $0.80....

Morgan Stanley Beats Q2 Earnings Expectations, Shares Rise 2 percent

Business
Morgan Stanley (NYSE:MS) shares rose more than 2% intra-day today after the company reported strong second-quarter results, surpassing analyst expectations with an EPS of...

Reddit Shares Drop 3 percent Following Loop Capital Downgrade on Valuation Concerns

Business
Reddit (NYSE:RDDT) shares fell more than 3% on Tuesday after Loop Capital downgraded the stock from Buy to Hold, citing valuation concerns. The firm...

Goldman Sachs Boosts Amazon Price Target to $250, Citing Strong Margin and AWS Growth

Business
Goldman Sachs analysts upgraded their outlook for Amazon (NASDAQ:AMZN), driven by anticipated growth in operating income due to stronger margins. In their latest note, analysts...

Match Group Sees 7 percent Surge as Starboard Value Pushes for Turnaround or Sale

Business
Starboard Value has recently acquired a stake in online dating company Match Group (NASDAQ:MTCH) and may push for a sale if the company can't...

DTE Energy’s Price Target Raised to $123 at BMO Capital

Business
BMO Capital analysts raised their price target for DTE Energy (NYSE:DTE) to $123 from $120 while maintaining a Market Perform rating, following a quarterly...

Mizuho Boosts Intuitive Surgical Price Target to $440 Ahead of Earnings

Business
Mizuho analysts increased their price target for Intuitive Surgical (NASDAQ:ISRG) to $440 from $390 while maintaining their Neutral rating, ahead of the company’s Q2...

Melius Increases Amkor Technology Price Target to $55 Amid AI Packaging Demand, Shares Gain 2 percent

Business
Amkor Technology (NASDAQ:AMKR) shares rose more than 2% pre-market today after Melius analysts raised their price target on the company to $55 from $41...

Citi Downgrades ON Semiconductor, Cites Slowing Silicon Carbide Market

Business
ON Semiconductor (NASDAQ:ON) shares fell more than 1% in pre-market today after Citi analysts downgraded the company to Neutral from Buy and slashed their...

BlackRock Beats Q2 EPS Estimates, But Revenues Missed

Business
Shares in BlackRock (NYSE:BLK) saw a modest rise of 1% in pre-market today following the release of its fiscal Q2/24 results. The company reported an...

Apple Gains 2 percent Following Morgan Stanley Upgrade

Business
Apple (NASDAQ:AAPL) shares rose nearly 2% in pre-market trading today after Morgan Stanley analysts upgraded the stock to a Top Pick and increased the...

Denny’s closes its last remaining diner in Bucks County, Philadelphia, web fans are disappointed

Business
Denny's Corporation closed its last diner in Langhorne, Bucks County, Philadelphia. Many web fans who wish to get Moons Over My Hammy and Grand...

U.S. Postal Service Recommends New Higher Prices for July 2024

Business
On July 14, 2024, the U.S. Postal Service (USPS) increased the price of a First-Class Mail Forever stamp from 68 cents to 73 cents,...

AT&T reports hacker stole data from ‘nearly all’ wireless customers

Business
On Friday (July 12), it was reported that an attacker gained unauthorized access to and made copies of AT&T (T) call logs, affecting almost...

Watch Samsung to launch wearable product, smart ring called Galaxy Ring, web fans are excited

Business
Samsung (SSNLF) will soon launch its first-of-its-kind wearable product, the Galaxy Ring. Many web fans are excited that the South Korean tech giant is...

Bad news for inflation: Wholesale prices rose in June

Business
The cost of goods—including gas, electronics, and appliances—dropped by 0.5% in June. This marks the fourth decline in the first six months of 2024....

Benchmark Reiterates Buy Rating on JD.com, Adjusts Q2 Revenue Growth Projection

Business
Benchmark analysts reaffirmed their Buy rating and set a $55 price target on JD.com (NASDAQ:JD) stock. The analysts noted that JD's Q2/24 Gross Merchandise...

Truist Securities Reiterates Buy Rating on Five9 Amid Activist Investor Push for Sale

Business
Truist Securities analysts reaffirmed their Buy rating and set a $100 price target on Five9 (NASDAQ:FIVN). Truist's comments followed reports from Reuters and other...

Stifel Raises Digital Realty Trust Price Target to $175, Citing AI Demand and Favorable Market Trends

Business
Stifel analysts raised their price target for Digital Realty Trust (NYSE:DLR) to $175 from $165, while maintaining a Buy rating on the stock. The...

Booking Holdings Earns an Upgrade at Benchmark

Business
Benchmark analysts upgraded Booking (NASDAQ:BKNG) to Buy from Hold, setting a new price target of $4,700 per share. The analysts highlighted the decision to...

Ericsson Shares Rise on Better-Than-Expected Q2 Earnings Amid Cost-Cutting

Business
Ericsson AB (NASDAQ:ERIC) saw its shares rise more than 2% pre-market today after surpassing Q2 earnings expectations, benefiting from cost-cutting measures despite a challenging...

Tesla Shares Plunge After Delaying Robotaxi Launch and UBS Downgrade

Business
Tesla's (NASDAQ:TSLA) shares dropped over 8% on Thursday after Bloomberg reported a two-month delay in unveiling its Robotaxi. Originally set for August 8, the...

Groupon Stock Shows Promise Amid Strategic Shifts

Business
Groupon Inc. (NASDAQ: GRPN) has been making notable strides as it repositions itself in the digital marketplace, focusing on enhancing user engagement and profitability....

Piper Sandler Increases Planet Fitness Price Target to $89, Citing Long-Term Confidence

Business
Planet Fitness (NYSE:PLNT) shares rose around 3% intra-day on Thursday after Piper Sandler analysts increased their price target to $89 from $80, while maintaining...

Fortinet’s Price Target Cut at Barclays

Business
Barclays analysts adjusted their price target for Fortinet (NASDAQ:FTNT), lowering it to $70 from $75 while maintaining an Equalweight rating. The analysts outlined three main...

Citi Reiterates Buy Rating for HubSpot Despite Recent Share Dip

Business
Citi analysts reaffirmed a Buy rating and a $767 price target on HubSpot (NYSE:HUBS) stock. The analysts commented on the recent 12% drop in...

Bank of America Raises Apple Price Target to $256, Citing Multi-Year iPhone Upgrade Cycle

Business
Bank of America increased its price target for Apple (NASDAQ:AAPL) to $256 from $230, citing increased confidence in a multi-year iPhone upgrade cycle. BofA analysts...

PepsiCo Q2 Earnings Beat Estimates, Revenue Falls Short

Business
PepsiCo (NASDAQ:PEP) reported Q2 EPS that exceeded analyst expectations, although revenue fell slightly short of forecasts. The company posted Q2 EPS of $2.28, beating the...

Delta Air Lines Shares Drop 8 percent Following Q2 Revenue Miss

Business
Delta Air Lines (NYSE:DAL) saw its share price drop by around 10% intra-day today after revealing Q2 results that showed a revenue shortfall, despite...

Costco Raises Membership Fees and declares a quarterly cash dividend of $1.16 per share

Business
Costco Wholesale Corp. has been raising its membership fees for the first time since 2017, increasing the basic membership cost. Costco Wholesale Corporation (“Costco”)...

NiSource Started With Outperform Rating at Mizuho Securities

Business
NiSource (NYSE:NI) shares rose more than 1% on Wednesday after Mizuho analysts initiated coverage on the company with an Outperform rating and a price...
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