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Business

CWEB Exclusive: Elon Musk-Led Tesla Launches Robotaxi in Austin – Early Riders Get Exclusive $4.20 Flat Fare

CWEB Business News Austin, Texas – June 22, 2025 – In a breakthrough for autonomous mobility, Tesla, led by visionary CEO Elon Musk,...
Business

CWEB BUSINESS News: Apple’s iPhone Sales Jump May Fade as UBS Warns of Short-Lived Demand Surge

CWEB and UBS Analysts see recent growth as tariff-driven rather than sustainable, maintaining a neutral outlook UBS has reaffirmed its Neutral rating on Apple (NASDAQ:...
Business

CWEB News Exclusive President Donald J. Trump Forges Historic $1.2 Trillion Economic Partnership with Qatar, Ushering in a New Era of Prosperity

Business
By CWEB News Team | May 14, 2025 DOHA, QATAR — In a landmark moment for American diplomacy and economic resurgence, President Donald J....

TechTarget, Inc. (NASDAQ:TTGT) Faces Challenges Amid Financial Investigation

Business
TechTarget, Inc. (NASDAQ:TTGT) is a company that specializes in purchase intent-driven marketing and sales services, catering to technology companies seeking to reach their target...

Omeros Corporation (NASDAQ:OMER) Earnings Preview

Business
Negative earnings per share (EPS) of -$0.60 expected for the upcoming quarterly earnings. The company is facing profitability challenges, highlighted by a negative price-to-earnings (P/E)...

Danaher Corporation (NYSE:DHR): A Strategic Investment Opportunity

Business
Recent performance shows a 30-day gain of 3.52%, indicating investor confidence despite a short-term dip of 1.36% over the last 10 days. Growth potential is...

Bright Minds Biosciences Inc. (NASDAQ: DRUG) Targets Epilepsy with Innovative Drug Development

Business
Bright Minds Biosciences Inc. (NASDAQ:DRUG) is a pre-clinical biosciences company focused on developing serotonin-based medicines to address severe and life-altering diseases. The company is...

Global-e Online Ltd. (NASDAQ:GLBE) Sees Varied Analyst Opinions Amid Recent Developments

Business
The consensus price target for NASDAQ:GLBE has declined to $40 from $50.8, indicating a more conservative outlook from analysts. Despite the overall decline, Bank of...

MeridianLink, Inc. (NYSE:MLNK) Financial Performance Analysis

Business
MeridianLink's Return on Invested Capital (ROIC) of 0.67% is significantly lower than its Weighted Average Cost of Capital (WACC) of 8.16%, indicating inefficiency in...

Jumia Technologies AG (NYSE:JMIA) Financial Performance and Market Challenges

Business
Jumia Technologies AG's (NYSE:JMIA) Return on Invested Capital (ROIC) is significantly negative at -93.11%, indicating inefficiency in generating sufficient returns on invested capital. Despite facing...

Under Armour’s Quarterly Earnings and Financial Performance Review

Business
Under Armour, Inc. (NYSE:UA) is set to release its quarterly earnings with an estimated EPS of -$0.08 and projected revenue of approximately $1.16 billion. The...

Super Micro Computer, Inc. (NASDAQ:SMCI) Receives Upgrade from Raymond James

Business
Raymond James upgraded Super Micro Computer, Inc. (NASDAQ:SMCI) to "Outperform" with a price target of $41, reflecting confidence in the company's strategic positioning in...

Imperial Brands PLC’s Strong Performance Amid Industry Challenges

Business
Earnings Per Share of $1.64, surpassing estimates. Revenue of $19.36 billion, significantly exceeding expectations. Strong tobacco pricing contributing to a 3.2% increase in sales of tobacco...

Greg Landsman’s Significant Transaction in Kroger Co. Shares

Business
Greg Landsman engaged in a significant transaction involving shares of The Kroger Co. (NYSE:KR), valued between $250,001 and $500,000. Kroger is adapting to industry challenges...

Copa Holdings (NYSE:CPA) Sees Positive Outlook from Analysts

Business
Copa Holdings (NYSE:CPA) Maintains Buy Rating with Increased Price Target Copa Holdings (NYSE:CPA) is a prominent airline company based in Panama, operating under the Copa...

JD.com Inc (NASDAQ:JD) Receives Optimistic Price Target from Mizuho Securities

Business
Price Target Set at $48: Wei Fang of Mizuho Securities predicts a 33.15% potential upside for JD.com Inc (NASDAQ:JD), setting the price target at...

Cantor Fitzgerald Hikes CyberArk Target to $420 on Strong Q1

Business
Cantor Fitzgerald raised its price target on CyberArk Software (NASDAQ:CYBR) to $420 from $400 while reaffirming its Overweight rating, following the company’s Q1 earnings...

Citi Downgrades AbbVie to Neutral, Shares Down 2 percent

Business
Citi downgraded AbbVie (NYSE:ABBV) from Buy to Neutral and trimmed its price target to $205 from $210, reflecting growing caution around the company's long-term...

Honda Q1 2025 Earnings: EPS Misses, Revenue Tops Estimates

Business
Honda Motor ADR (NYSE: HMC) reported mixed first-quarter results on Tuesday: EPS: $0.19 vs. $0.71 consensus (–$0.52 miss) Revenue: $36.25 billion vs. $35.82 billion estimate (+1.2%) Despite...

S&P 500 Rallies on Cooler Inflation and Trade Truce

Business
The S&P 500 climbed 0.7% on Tuesday as slowing inflation and the U.S.–China tariff agreement bolstered risk appetite. While the Dow Jones Industrial Average...

Barclays Sees No Recession, Fewer Fed Cuts After Trade Truce

Business
Barclays strategists have overhauled their U.S. economic outlook following the weekend’s U.S.–China tariff de-escalation, now expecting no recession in 2025, softer inflation, and just...

Goldman Sachs Lowers U.S. Recession Odds to 35 percent on Trade Truce

Business
Goldman Sachs analysts have reduced their probability estimate of a U.S. recession in 2025 to 35%, down from 45%, following the recently struck U.S.–China...

China’s iPhone 16 Discounts Soar Ahead of “618” Shopping Festival

Business
Chinese e-commerce giants are slashing prices on Apple’s latest iPhone 16 by up to 2,530 yuan (~$351) to jump-start sales after Q1 shipments in...

NVIDIA and Saudi Arabia Forge Ambitious AI Infrastructure Partnership

Business
NVIDIA (NASDAQ: NVDA) and the Kingdom of Saudi Arabia today unveiled a series of landmark agreements to build sovereign AI factories, cloud platforms, and...

U.S. Stock Futures Stall as Trade Optimism Offsets Softer CPI

Business
U.S. stock futures were largely unchanged Tuesday evening after gains in the S&P 500 and Nasdaq Composite on optimism around the U.S.–China trade truce...

BofA Survey Shows Pessimism Eases, but “Pain Trade” Remains

Business
Bank of America’s May Global Fund Manager Survey (FMS) reveals that while recession fears have abated sharply, positioning remains skewed enough that the “pain...

Telefónica Rides Out Latin America Write-Downs with Q1 Beat on Revenue

Business
Spanish telecom giant Telefónica (NYSE:TEF) reported a €1.3 billion net loss in Q1 2025—roughly in line with analysts’ forecasts—driven by non-cash write-downs on its...

Bitcoin Pulls Back from Rally as Traders Take Profits Ahead of Key Data

Business
Bitcoin dipped 0.8% to $103,470 by 09:49 ET on Tuesday, as investors took profits following last week’s surge above $100,000 amid optimism over the...

Citi: Tech Sector Poised for Further Gains on Short-Covering Tailwind

Business
Citigroup strategists led by Chris Montagu believe U.S. technology stocks could extend their recent rally as traders forced to cover sizeable short positions scramble...

U.S. April CPI Cools to 2.3 percent But Remains Above Fed Target Amid Trade Shifts

Business
U.S. consumer prices rose 2.3% year-on-year in April, the slowest pace since February 2021 but still above the Federal Reserve’s 2% inflation goal. The...

Asian Markets Mixed as Trade Rally Fades, Yen Strength Weighs on Tokyo

Business
Asian equity bourses were a mixed bag on Wednesday: Hong Kong’s Hang Seng and South Korea’s KOSPI advanced over 1%, mirroring Wall Street tech...

NVIDIA Shares Jump on Jensen Huang’s Gulf AI Partnerships During Trump’s Middle East Tour

Business
NVIDIA (NASDAQ:NVDA) stock climbed 5.5% midday Tuesday as CEO Jensen Huang joined President Trump in the Middle East to ink major AI infrastructure deals,...

U.S. Futures Flat After S&P 500, Nasdaq Gains on Trade Optimism and Softer CPI

Business
U.S. stock futures were little changed on Tuesday evening, holding steady after the S&P 500 and Nasdaq Composite closed higher, supported by cooling inflation...

UBS Downgrades U.S. Equities to Neutral After Tariff-Driven Rally

Business
UBS downgraded U.S. equities to Neutral from Attractive on Tuesday, citing diminished upside potential after a sharp rally in stock markets fueled by the...

Why JPMorgan Is Bullish on Western Digital (WDC): Near-Line Demand and Strong Execution

Business
JPMorgan reiterated its Overweight rating and $57.00 price target on Western Digital Corp. (NASDAQ:WDC), underscoring the stock’s momentum—up 10.7% in the past week—as well...

Barclays Stands by Tencent Music (TME) with $16 Price Target

Business
Barclays reaffirmed its Overweight rating on Tencent Music Entertainment Group (NYSE:TME), maintaining a $16.00 price target—squarely in the consensus range of $13.04–$19.17. Here’s what...

Oil Pauses Rally as Inventories Rise and Geopolitical Moves Grab Attention

Business
Oil prices eased in Asian trade on Wednesday after a four-day rally, as an unexpected build in U.S. crude stocks and President Trump’s Middle...

Asian Currencies Stall as Fed Outlook and Trade Truce Weigh; Yen Strengthens on BOJ Hike Bets

Business
Asian FX markets were largely subdued on Wednesday after softer U.S. inflation data and Monday’s U.S.–China tariff truce tempered rate-cut expectations. The Japanese yen...

CWEB News Exclusive President Donald J. Trump Brokers Unprecedented $600 Billion Saudi Investment, Cementing Historic Economic Alliance

Business
May 13, 2025 RIYADH, SAUDI ARABIA – In a monumental win for American economic strength and global leadership, President Donald J. Trump has...

Tarsus Pharmaceuticals, Inc. (NASDAQ:TARS) Shows Promising Growth Prospects

Business
TP-03's Phase III trials and the development of TP-04 and TP-05 highlight Tarsus Pharmaceuticals' commitment to addressing eye conditions and other diseases. The consensus price...

CyberArk Software Ltd. (NASDAQ:CYBR): A Strong Contender in the Cybersecurity Arena

Business
The consensus price target for CyberArk Software Ltd. (NASDAQ:CYBR) has increased from $323.83 to $415, indicating growing analyst confidence. ...

Waldencast plc (NASDAQ:WALD) Demonstrates Strong Financial Performance Amidst Stable Analyst Consensus

Business
Waldencast plc (NASDAQ:WALD) is a skincare company that offers advanced treatments to address skin aging, damage, hyperpigmentation, acne, and sun damage. Founded in 1988...

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Outshines Competitors in Financial Efficiency

Business
Alarm.com Holdings, Inc. (NASDAQ:ALRM) is a leading technology company specializing in cloud-based services for remote control, home automation, and monitoring. It competes in the...

22nd Century Group, Inc. (NASDAQ:XXII) Earnings Report Highlights

Business
22nd Century Group, Inc. (NASDAQ:XXII) reported an EPS of -$1.89, missing the estimated -$1.10. The company exceeded revenue expectations with $5.96 million against an estimated...

CyberArk Software Ltd. (NASDAQ:CYBR) Stock Update and Earnings Forecast

Business
Cantor Fitzgerald upgraded CyberArk to "Overweight" but recommends holding the position. Expected Q1 earnings per share (EPS) of 79 cents, up from 75 cents the...

Blackstone Infrastructure in Talks to Acquire TXNM Energy

Business
Blackstone’s infrastructure arm, Blackstone Infrastructure Partners, is reportedly in advanced discussions to acquire TXNM Energy, a regional utility serving approximately 800,000 homes and businesses...

Wall Street Rallies as U.S.–China Tariff Truce Sparks Relief Rally

Business
Wall Street’s major indexes surged on Monday, with the S&P 500 closing at its highest level since early March, as investors cheered a temporary...

Citi Sees Chinese Stocks Rallying After U.S.–China Tariff De-escalation

Business
Citi analysts hailed Monday’s agreement to slash reciprocal tariffs as “more positive than expected,” forecasting strong gains for Hong Kong and mainland Chinese equities....

Goldman Cuts U.S. Recession Odds to 35 percent After Tariff Truce, Lifts 2025 GDP Outlook

Business
Goldman Sachs became the first major Wall Street firm to trim its U.S. recession probability—to 35% from 45%—after Monday’s surprise 90-day tariff truce with...

Apple’s iOS 19 to Feature AI-Powered Battery Management

Business
Apple’s iOS 19 to Feature AI-Powered Battery Management   Apple Inc. (NASDAQ:AAPL) is developing an AI-based battery management mode for iOS 19—due this September—to extend iPhone...
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