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Business

CWEB Business News: Walmart (WMT) Poised for Robust Q2 Earnings as Shoppers Seek Value

CWEB Business News – Walmart Inc. (NYSE: WMT) is widely anticipated to post another quarter of strong financial performance when it reports its Q2 fiscal...
Business

CWEB Business News Analyzes Krispy Kreme’s Strategic Divestiture from McDonald’s Partnership

CWEB Business News – In a decisive move to safeguard its financial performance, Krispy Kreme, Inc. (DNUT) has formally terminated its nationwide distribution partnership...
Business

Visa Inc. Boosts Digital Payment Experience for Click-and-Mortar™ Shoppers

Business
Visa Inc. Enhances Acceptance Solutions for the Click-and-Mortar™ Shopper Visa Inc. (NYSE:V) is making significant strides in enhancing its Acceptance Solutions to better cater to...

Switzerland Bolsters Banking Regulations Post-Credit Suisse Collapse

Business
Switzerland Enhances Banking Safety Measures in Wake of Credit Suisse Collapse Switzerland's recent move to enhance the safety of UBS:NYSE and three other major banks...

Biden Administration Targets China’s Unfair Trade Practices in Steel, Shipbuilding

Business
President Biden's Administration Targets China's Unfair Trade Practices President Biden's administration has taken a firm stance against what it perceives as China's unfair trade practices,...

Zscaler Stock Analysis: Performance Insights and Future Growth Projections

Business
Zscaler's Stock Performance and Future Outlook Zscaler (ZS:NASDAQ) recently saw a marginal increase in its stock price by 0.01%, ending the trading session at $172.97....

Faraday Technology Partners with Arm for AI-Driven Vehicle ASICs

Business
Faraday Technology Corporation Partners with Arm for AI-Driven Vehicle ASICs Faraday Technology Corporation (3035:TWSE) has taken a significant step forward in the automotive industry by...

Loews Corporation Announces Q1 2024 Earnings Release Date

Business
Loews Corporation (NYSE: L) Gears Up for Q1 2024 Financial Results Loews Corporation (NYSE: L), a diversified conglomerate with interests in insurance, energy, hospitality, and...

Coca-Cola: A Secure Retirement Portfolio Investment for 2024

Business
Why Coca-Cola is a Top Pick for Retirement Portfolios Heading into 2024 InvestorPlace and The Motley Fool have both recognized Coca-Cola (NYSE:KO) as a standout...

Netflix Stock Downturn Following Financial Disclosures and Revenue Forecast

Business
Netflix Inc. Faces Downturn Amid Financial Disclosures Netflix Inc. (NFLX:NASDAQ) recently faced a significant downturn, with its stock price plummeting over 9%, closing at $555.04....

Mark Zuckerberg posts about new Meta AI assistant, open source Llama 3 AI model, web fans are excited

Business
Meta CEO Mark Zuckerberg announced the release of a new version of MetaAI. The assistant can be asked questions across Meta apps and glasses....

Marsh & McLennan (MMC) Beats Q1 Earnings and Revenue Forecasts

Business
Marsh & McLennan Companies, Inc. (NYSE:MMC) Surpasses Q1 Earnings Expectations On Thursday, April 18, 2024, before the market opened, Marsh & McLennan Companies, Inc. (NYSE:MMC)...

Instacart Started With a Buy Rating at Loop Capital

Business
Loop Capital analysts started covering Instacart (NASDAQ:CART) with a Buy rating and a $46 price target on the stock. The analysts noted that Instacart...

Netflix Reports Q1 Beat, But Shares Drop

Business
Netflix (NASDAQ:NFLX) announced better-than-expected results for the first quarter, with significant subscriber growth driving its success. The company's shares, however, fell 8% intra-day today...

Procter & Gamble Reports Q3 EPS, But Revenue Misses

Business
Procter & Gamble (NYSE:PG) exceeded third-quarter earnings expectations with an adjusted EPS of $1.52, surpassing the consensus by $0.11. Despite this achievement, the company's...

American Express Gains 4 percent Following Q1 Beat

Business
American Express (NYSE:AXP) shares gained more than 4% intra-day today following the release of the company's fiscal Q1/24 earnings report. The financial services corporation...

Uber’s Price Target Raised at Tigress Financial

Business
Tigress Financial Partners analysts increased their price target on Uber (NYSE:UBER) to $96, maintaining their Buy rating. They highlighted Uber's strong position in both...

Shopify’s Rating Boosted to Overweight at Morgan Stanley

Business
Morgan Stanley upgraded Shopify (NYSE:SHOP) to Overweight from Equal-Weight and raised their price target to $85 from $74, reflecting increased confidence in Shopify’s potential...

Super Micro Computer’s Strategic Focus Amid Market Volatility

Business
Super Micro Computer's Strategic Focus Amid Market Volatility Super Micro Computer (SMCI) recently made headlines with its decision not to preannounce its financial results for...

Tesla’s Strategic Adjustments and Market Impact Analysis

Business
Tesla's Strategic Adjustments and Market Impact Tesla's recent decision to lay off some of its recruiters has caught the attention of both the workforce and...

CPKC Sets First-Quarter 2024 Earnings Results Date – April 24, 2024

Business
Canadian Pacific Kansas City (CPKC) Announces First-Quarter 2024 Earnings Results Date Canadian Pacific Kansas City (CPKC), known by its trading symbols TSX: CP and NYSE:...

Ford’s Recall and Strategy Amid EV Market Slowdown

Business
Ford Motor Company's Recall and Strategic Adjustments Amidst EV Market Slowdown Ford Motor Company (F:NYSE) is currently addressing a significant recall affecting 456,565 vehicles across...

American Express (AXP) Upgraded to Buy by Monness with $250 Price Target

Business
Monness Upgrades American Express (AXP:NYSE) to Buy On Friday, April 19, 2024, Monness upgraded American Express (AXP) to Buy from a previous hold position, setting...

AMD latest chips for AI PCs to compete with Intel, Nvidia, CWEB analysts review

Business
Advanced Micro Devices (AMD) is the latest chip design firm to unveil its new processors for artificial intelligence-enabled personal computers. On Tuesday, AMD described...

JetBlue Airways Earns an Upgrade at JPMorgan

Business
JPMorgan analysts upgraded JetBlue Airways (NASDAQ:JBLU) to Neutral from Underweight, setting a price target of $7 on the stock. The analysts noted that while...

eBay Double Upgraded at Morgan Stanley, Shares Gain 3 percent

Business
eBay (NASDAQ:EBAY) shares gained more than 3% pre-market today after Morgan Stanley analysts upgraded to Overweight from Underweight, substantially raising the price target to...

Las Vegas Sands Shares Drop 3 percent Despite Better Than Expected Q1 Results

Business
Las Vegas Sands (NYSE:LVS) shares fell more than 3% pre-market today despite the company exceeding analyst expectations in its first-quarter financial report, with earnings...

Nokia Stock Gains 3 percent Following Q1 Results

Business
Nokia (NYSE:NOK) shares rose more than 3% pre-market today despite the company's announcement of a Q1 profit that was smaller than expected, affected by...

Equifax Stock Plunges 9 percent After Q1 Results

Business
Equifax (NYSE:EFX) shares tumbled more than 9% in premarket trading Thursday following the company's announcement of second-quarter and full-year financial guidance that didn't meet...

Taiwan Semiconductor Reports a Q1 Beat Due to Strong AI Demand

Business
Taiwan Semiconductor Manufacturing (NYSE:TSM), the world's leading contract chipmaker, reported a robust profit for the first quarter, surpassing expectations due to rising demand from...

Crown Castle International Corp. Q1 2024 Financial Analysis

Business
Crown Castle International Corp. Financial Performance Analysis On Wednesday, April 17, 2024, Crown Castle International Corp. (NYSE:CCI) disclosed its financial performance for the first quarter...

Netflix Price Target Raised to $713 by BMO Capital Analyst Brian Pitz

Business
Brian Pitz of BMO Capital Raises Netflix Price Target Brian Pitz of BMO Capital has recently updated the price target for Netflix (NFLX:NASDAQ) to $713,...

VinFast Auto Stock Plunges 11 percent After Q1 Earnings

Business
VinFast Auto (NASDAQ:VFS) shares dropped more than 11% intra-day today following the announcement of first-quarter results that did not meet analyst expectations. The electric...

J.B. Hunt Shares Drop 8 percent Following Q1 Results

Business
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) dropped more than 8% intra-day today after the company reported first-quarter earnings and revenue that fell short...

Abbott Laboratories Stock Falls 3 percent Following Narrowed Outlook

Business
Abbott Laboratories (NYSE:ABT) surpassed expectations for its first-quarter earnings and revenue, but subsequently narrowed its earnings forecast for the full year 2024, resulting in...

United Airlines Beats Q1 & Maintains Guidance, Shares Surge 12 percent

Business
United Airlines (NASDAQ:UAL) reiterated its earnings forecast following the release of better-than-expected first-quarter results, despite incurring a $200 million impact due to the temporary...

ASML Plunges 7 percent on Q1 Revenue Miss

Business
ASML Holdings (NASDAQ:ASML) experienced a 7% intra-day drop in its shares following the announcement of first-quarter sales for fiscal 2024 that did not meet...

Morgan Stanley Upgrades Omnicom Group to Overweight – New Insights

Business
Morgan Stanley Upgrades Omnicom Group (OMC:NYSE) to Overweight Morgan Stanley's recent upgrade of Omnicom Group (OMC:NYSE) to Overweight, with a revised price target of $105,...

Boeing Slashed to Sell at Northcoast Research

Business
Northcoast Research analysts downgraded Boeing (NYSE:BA) to Sell from Neutral, setting a price target of $140 on the stock. The analysts reflected on a...

Citigroup Upgrades ProLogis to Buy Amid Strong Q1 Performance

Business
Citigroup Upgrades ProLogis (PLD:NYSE) to Buy On Wednesday, April 17, 2024, Citigroup updated its rating on ProLogis (PLD:NYSE) to Buy, maintaining a hold position. This...

Adidas puts best foot forward with profit, raised guidance, CWEB analyzes 8 percent share rise

Business
Adidas (ADDYY) put its best foot forward, reporting its first-quarter results on Wednesday. The multinational sneaker and apparel maker posted a year-on-year profit increase...

Cisco Systems Earns an Upgrade at BofA Securities

Business
BofA Securities upgraded Cisco Systems (NASDAQ:CSCO) to Buy from Neutral, raising their price target to $60 from $55 per share. They outlined three primary...

UnitedHealth Shares Gain 5 percent on Q1 Beat

Business
Shares of UnitedHealth Group (NYSE:UNH) saw a 5% increase intra-day today following the announcement of Q1/24 earnings that surpassed expectations. The health insurer reported...

Morgan Stanley Stock Gains 3 percent Following Q1 Earnings Beat

Business
Morgan Stanley (NYSE:MS) reported a significant increase in its first-quarter earnings and revenue, outperforming analyst forecasts, which led to a 3% rise in its...

Johnson & Johnson Reports Mixed Q1 Results, Adjusts Outlook

Business
Johnson & Johnson (NYSE:JNJ) shares fell more than 1% intra-day today after the company delivered mixed financial results for the first quarter of 2024,...

Bitcoin’s Potential 30 percent Crash Post-Halving Analyzed by Jason Pizzino

Business
Bitcoin's Potential Downturn Analyzed by Jason Pizzino Renowned crypto analyst Jason Pizzino recently discussed the potential for a significant downturn in Bitcoin's value in his...

Microsoft’s $1.5 Billion Investment in G42 to Boost Global AI Solutions

Business
Microsoft Corporation's Strategic Investment in G42 Microsoft Corporation (MSFT:NASDAQ) has made a strategic move by investing $1.5 billion in G42, an Abu Dhabi-based artificial intelligence...

DeFi Technologies Inc. Q4 2023 Earnings Summary

Business
DeFi Technologies Inc. (DEFTF) Q4 2023 Earnings Overview DeFi Technologies Inc. (DEFTF) recently held its Q4 2023 earnings conference call, revealing a mix of financial...

Kodiak Sciences Advances in Retinal Disease Treatment Amid Challenges

Business
Kodiak Sciences Inc. (KOD:NASDAQ) Advances in Retinal Disease Treatment Kodiak Sciences Inc. (KOD:NASDAQ) is making significant strides in the development of its tarcocimab program, aimed...

Ethereum Whale Sells $33 Million in ETH Amid Market Volatility

Business
An Ethereum Investor's Significant Sell-Off An Ethereum investor, known as a major whale, sold Ethereum (ETH) worth $33 million on Binance, facing significant losses. This...
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