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Business

Walmart Elevates Full-Year Guidance on Robust E-Commerce and Advertising Momentum: CWEB Business News

BENTONVILLE, Ark. – August 21, 2025 – Walmart Inc. (NYSE: WMT) today delivered a strong earnings report, demonstrating the powerful efficacy of its strategic...
Business

CWEB Business News Urban Outfitters Maintains Neutral Rating and Price Target Increase by UBS

UBS has reaffirmed its Neutral stance on Urban Outfitters, Inc. (NASDAQ: URBN) while raising its price target for the specialty retailer. The firm increased...
Business

TikTok Bans “Legging Legs” trend showing off thigh gaps says its harmful to women

Business
TikTok Bans the “ Legging Legs” trend showing off thigh gaps, says it's harmful to women. Legging legs refer to spandex pants with a...

UPS to cut 12,000 jobs as package volume in shipping company drops

Business
  UPS announced on Tuesday that it will cut 12,000 jobs as it faces a decline in domestic and international package volumes. The shipping company’s...

Qualcomm Reports Q1 Beat, Provides Guidance

Business
Qualcomm (NASDAQ:QCOM) unveiled its fiscal first-quarter earnings, surpassing Wall Street's expectations amid a resurgence in smartphone demand that propelled sales of handset chips. However,...

CIGNA Raised to Buy at Deutsche Bank

Business
Deutsche Bank analysts upgraded CIGNA (NYSE:CI) from Hold to Buy, adjusting the price target upwards from $355.00 to $370.00. The analysts explained the upgrade by...

Wolfspeed Shares Drop 5 percent on Weak Outlook

Business
Wolfspeed (NASDAQ:WOLF), known for its advancements in silicon carbide and gallium nitride technologies, experienced a 5% decline in its stock pre-market today, following the...

Qorvo Shares Gain 5 percent on Strong Q3 Results & Outlook

Business
Qorvo (NASDAQ:QRVO) saw its shares climb by nearly 5% pre-market today after announcing third-quarter earnings and revenue that exceeded expectations. For the third quarter, the...

Honeywell Shares Drop Following Q4 Results

Business
Honeywell International (NASDAQ:HON) reported a mixed bag of results for its fourth quarter, leading to a decline of over 2% in its shares in...

Flutter lists on NYSE, FanDuel parent to challenge DraftKings

Business
Flutter, the parent of FanDuel, was listed on the New York Stock Exchange (NYSE) on Monday. The listing offers investors in the U.S. an...

Walmart announces 3-for-1 stock split, to help associates purchase and benefit from company shares

Business
  Walmart, the nation's largest retailer, announced on its website that it will split its shares of common stock at a ratio of 3-for-1. According...

Woman sues Lyft, claims driver sexually assaulted her multiple times

Business
According to a complaint, a Leesburg, Florida, woman is suing ride-sharing company Lyft, alleging that one of its drivers viciously raped and pregnant her...

Stanley cups contain lead, should you be concerned?

Business
Stanley cups became viral on social media as a symbol of clean living. The cups are a sustainable way to decrease the amount of...

Publix’s opioid sales continued to increase despite other chains reducing their sales in response to the addiction crisis, as indicated by records.

Business
An executive at Teva Pharmaceuticals flagged Publix Super Markets in October 2015 after detecting what he called in an email “serious red flags” with...

UPS announces 12,000 job cuts

Business
UPS announces 12,000 job cuts. CEO Carol Tomé stated during a company earnings call that the employment cutbacks will save the company approximately $1...

Class Action Claims Kombucha Is Not as Healthful as Promoted

Business
According to a proposed class action lawsuit, the company that makes Nova Easy Kombucha marketed its alcoholic drinks as healthful, while, in reality, drinking...

Checkpoint Software Earns an Upgrade at William Blair

Business
William Blair analysts upgraded Checkpoint Software (NASDAQ:CHKP) from Market Perform to Outperform. The analysts explained the upgrade by highlighting their belief that Checkpoint Software...

Boston Scientific Gains 4 percent on Q4 Beat

Business
Boston Scientific (NYSE:BSX) announced its fourth-quarter results, which were better than expected, leading to a 4% increase in its shares intra-day today. The medical device...

Match Group Reports Better Than Expected Q4 Results

Business
Match Group (NASDAQ:MTCH) released its fourth-quarter earnings, which surpassed Wall Street expectations. The company, which owns Tinder, reported a notable earnings per share (EPS) of...

AMD Beats Q4 Results, But Stock Drops 4 percent on Weak Revenue Guidance

Business
Advanced Micro Devices (NASDAQ:AMD) disclosed its fourth-quarter financial results, which were better than anticipated. The semiconductor company reported an earnings per share (EPS) of $0.77,...

Microsoft Beats Q2 Expectations on Cloud Growth

Business
Microsoft (NASDAQ:MSFT) announced its fiscal second-quarter results on Tuesday, exceeding analysts' expectations. The increase in demand for artificial intelligence played a key role in...

Watch: Water on Mars-NASA Verified evidence of an old lake on Mars confirmed

Business
On February 18, 2021, Perseverance made landfall inside the Jezero Crater, located 45 kilometers (28 miles) wide on the Red Planet, which is thought...

The David Rubenstein-led company agrees to pay $1.7 billion buy the Baltimore Orioles.

Business
According to team chairman and CEO John Angelos, the Orioles will be sold to billionaire David Rubenstein in a private equity deal valued at...

Elon Musk posts on human patient receiving brain implant from Neuralink

Business
Late Monday, Elon Musk posted on his social media platform that a human patient had received a brain implant developed by his company Neuralink....

Whirlpool Stock Drops 5 percent on Guidance Miss

Business
Whirlpool Corp. (NYSE:WHR) saw its shares drop by more than 5% in pre-market today as its revenue forecast for 2024 did not meet Wall...

JetBlue Airways Stock Drops 6 percent on Q4 Miss

Business
JetBlue Airways (NASDAQ:JBLU) saw its stock decline by more than 6% intra-day today following the release of its fourth-quarter earnings, which revealed a larger-than-expected...

F5 Networks Shares Rise 2 percent Following Q1 Results

Business
F5 Inc. (NASDAQ:FFIV) announced its first-quarter financial results, outperforming the average expectations of analysts. As a consequence, shares rose more than 2% intra-day on...

UPS Shares Plunge 8 percent on Guidance Miss

Business
UPS (NYSE:UPS) announced its fourth-quarter results today, which showed a mix of hits and misses, alongside guidance that fell short of analysts' expectations. Shares...

Netflix Cut to Neutral at Seaport Global Securities

Business
Seaport Global Securities analysts downgraded Netflix (NASDAQ:NFLX) from Buy to Neutral. The analysts explained the downgrade by noting that Netflix has rapidly reached the...

McGrath RentCorp to be Acquired by WillScot Mobile Mini for $3.8 Billion

Business
WillScot Mobile Mini (NASDAQ:WSC), renowned for its leading temporary space solutions, entered into a definitive agreement to purchase McGrath RentCorp (NASDAQ:MGRC), a distinguished business-to-business...

Bloom Energy Plummets 8 percent on BofA Securities Downgrade

Business
BofA Securities analysts downgraded Bloom Energy (NYSE:BE) from Neutral to Underperform, reducing the price target from $16.00 to $10.00. As a consequence, the company’s...

Tractor Suppl’s Price Target Cut at Evercore ISI

Business
Evercore ISI analysts adjusted their price target for Tractor Supply Company (NASDAQ:TSCO) from $245.00 to $240.00, while continuing to recommend an Outperform rating. The analysts...

KLA Corporation Beats Q2 Results, But Guidance Misses Expectations

Business
KLA Corporation (NASDAQ:KLAC) announced robust financial results for its second fiscal quarter, with earnings per share (EPS) of $6.16 surpassing the consensus estimate of...

SoFi Technologies Stock Soars 22 percent on Q4 Beat

Business
SoFi Technologies (NASDAQ:SOFI) shares jumped more than 22% intra-day today after the company released its fourth-quarter earnings, reporting an EPS of $0.02, which exceeded...

Seven Target employees fired this month purchasing special editions of the limited-edition Stanley cup

Business
Target prohibits its employees from exploiting their positions by purchasing items to gain an unfair advantage over guests. This company policy is especially applicable...

Coinbase Ugraded at Oppenheimer, Shares Gain 4 percent

Business
Oppenheimer analysts upgraded Coinbase Global (NASDAQ:COIN) from Perform to Outperform, setting a new price target of $160.00. As a consequence, shares rose more than...

Coinbase Upgraded at Oppenheimer, Shares Gain 4 percent

Business
Oppenheimer analysts upgraded Coinbase Global (NASDAQ:COIN) from Perform to Outperform, setting a new price target of $160.00. As a consequence, shares rose more than...

AT&T launches new phone deals with prepaid plans at Walmart

Business
AT&T has launched new phone deals for prepaid customers, and these phones and sales are available at Walmart, the nation's largest retailer. Walmart always...

E-Commerce Giant eBay Announces 1,000 Employees Will Get Laid Off

Business
Due to an economic slump affecting the technology sector, online retailer giant eBay is cutting 1,000 positions or around 9% of its workforce. A staff...

T-Mobile CEO remains upbeat despite missing estimates, adds subscribers, partners with SpaceX

Business
  T-Mobile released its fourth quarter results late Thursday. Although the company reported mixed results, its CEO remains upbeat. Earnings missed analysts' estimates while the...

Coinbase Upgraded at Oppenheimer, Shares Gain 4 percent

Business
Oppenheimer analysts upgraded Coinbase Global (NASDAQ:COIN) from Perform to Outperform, setting a new price target of $160.00. As a consequence, shares rose more than...

Visa Posts Q1 EPS and Revenue Beat

Business
Visa (NYSE:V) reported its first-quarter financial results. The company reported an earnings per share (EPS) of $2.41, surpassing the expected consensus of $2.34. The...

Levi Strauss Falls 2 percent on Q4 Miss & Soft Outlook

Business
Levi Strauss' (NYSE:LEVI) shares experienced a drop of about 2% in pre-market today, following the apparel company's disclosure of Q4 revenue that didn't meet...

Western Digital Shares Drop 3 percent Despite Q2 Beat

Business
Western Digital (NASDAQ:WDC) delivered its fiscal second-quarter results on Thursday, outperforming analysts' expectations despite experiencing a decrease in margins. However, following the report, Western...

Intel Shares Drop 10 percent on Weak Guidance

Business
Intel’s (NASDAQ:INTC) announcement on Thursday of its weaker-than-expected guidance for the current quarter overshadowed its fourth-quarter earnings, which exceeded Wall Street's expectations for both...

Microsoft lays off 1,900 Xbox and Activision Blizzard staff

Business
This week, Microsoft is letting go of 1,900 workers from Activision Blizzard and Xbox. Activision Blizzard employees are the main target of Microsoft's layoffs,...

Financial technology firm, EquiLend owned by Goldman Sachs, JPMorgan suffers cyber attack

Business
EquiLend, a financial IT company, reports that recovering from a cyberattack "may take several days." This week, a cyberattack targeted the financial technology company EquiLend,...

Microsoft grows from strength to strength with AI, hits $3 trillion market cap

Business
  Microsoft Corp hugely benefits from its early investment in artificial intelligence (AI). It is a pioneering example of how a software giant has become...

Netflix signs Raw deal worth $5 billion with WWE, web fans are thrilled, share prices rise

Business
TKO Group Holdings announced on Tuesday that WWE’s flagship show will have a new home. Netflix will begin live-streaming Monday Night Raw in January...

TAL International Upgraded to Overweight at JPMorgan Following Q4 Beat

Business
JPMorgan analysts upgraded TAL International (NYSE:TAL) from Neutral to Overweight and increased their price target from $10.00 to $15.00 following the company’s reported strong...
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