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HomeBusiness

Business

Strategic Maneuvers in Neurotech: Can Sam Altman’s Merge Labs Challenge Elon Musk’s Neuralink Dominance? CWEB Business Analysts Weigh In

CWEB Business News – The frontier of human-machine integration is witnessing a significant strategic shift as Sam Altman, the prominent CEO of OpenAI, enters...

CWEB Business News: Lowe’s Bolsters Pro Segment with Strategic $8.8 Billion FBM Acquisition Following Strong Q2

Following a favorable second-quarter earnings report, Lowe's Companies, Inc (LOW). has announced a definitive agreement to acquire Foundation Building Materials (FBM), a leading distributor...

American International Group Started With Buy at HSBC

HSBC analysts started covering American International Group (NYSE:AIG) with a Buy rating and set a target price of $86.00. The analysts noted that AIG has...

Wedbush Proclaims Microsoft’s ‘iPhone Moment’ as AI Drives Cloud Growth

Wedbush analysts increased their price target for Microsoft (NASDAQ:MSFT) to $450, up from $425, while maintaining an Outperform rating, according to a client note...

Steve Ballmer, the former CEO of Microsoft, is expected to get $1 billion in dividends per year.

Ballmer's stake in Microsoft has increased to $128 billion as a result of the company's 55% stock rise this year. Ballmer is the former...

Apple Wins Import Ban of Watches- At Least for Now

The US Court of Appeals is imposing a short-term ban while deliberating a longer suspension on the import of the Apple watch for an...

The New York Times Sues Microsoft and Open AI for Copyright Violations

According to The Wall Street Journal, The New York Times is suing Microsoft and OpenAI for copyright violations about their artificial intelligence technology. The...

Intel receives $3.2 billion from Israel for a new $25 billion chip factory

Intel receives $3.2 billion from Israel for a new $25 billion chip factory. In a joint statement with the Economy Ministry and Israel Tax...

How do you know if you can return an item to Amazon? Return policies you need to know.

With billions of dollars of transactions over this holiday season, gift returns are usually higher after the Christmas season. The National Retail Federation estimates...

Sam Altman backed Humane develops AI Pin powered with ChatGPT

Humane, a startup backed by Open AI’s Sam Altman and others has developed a wearable AI device. The AI pin powered with ChatGPT will...

Morgan Stanley Remains Bullish on Tesla Stock

Morgan Stanley maintained their Overweight rating on Tesla (NASDAQ:TSLA) with a 12-month target of $380.00 per share, anticipating a potentially turbulent year for the...

Intel Confirms $3.2 Billion Incentive Package from Israel for a $25 Billion Chip Facility

Intel (NASDAQ:INTC) completed negotiations with Israel, securing an incentive package for the expansion of its wafer fabrication facility in Kiryat Gat. The package corresponds...

Stratasys Shares Jump 13 percent on Nano Dimensions’ Takeover Bid

Shares of Stratasys (NASDAQ:SSYS) experienced a 13% increase yesterday following the announcement of an unexpected takeover bid from Nano Dimensions (NASDAQ:NNDM). The proposed cash...

Hollysys Automation Gains 5 percent on Acquisition Proposal

Hollysys Automation (NASDAQ:HOLI) saw its stock increase by as much as 5% yesterday. This rise comes on the heels of an enhanced acquisition proposal...

iPhone Sales Still Face Challenges in China

Jefferies analysts pointed out that Apple's (NASDAQ:AAPL) iPhone sales continue to face challenges in the Chinese market. Based on industry assessments, the analysts observed...

Target’s Overweight Rating Reiterated at Piper Sandler

Piper Sandler analysts reaffirmed an Overweight rating and a price target of $180.00 on Target Corporation (NYSE:TGT), following a constructive meeting with the company's...

Analog Devices Upgraded to Buy at Edward Jones

Edward Jones upgraded Analog Devices (NASDAQ:ADI) from Hold to Buy, recognizing the company's advantageous position to gain from the increasing demand for automation. The analysts...

JPMorgan Bullish on Altair Stock

JPMorgan started its coverage of Altair (NASDAQ:ALTR) with an Overweight rating and a price target of $86 per share, as indicated in a recent...

HSBC Starts CVS at Buy, Walgreens Boots Alliance at Hold

HSBC recently initiated coverage of CVS Health (NYSE:CVS) and Walgreens Boots Alliance (NASDAQ:WBA) in a client note on Friday. For CVS Health, HSBC assigned...

Piper Sandler Positive on Tesla Ahead of Q4 Deliveries Report

Analysts from Piper Sandler maintained a positive outlook on Tesla (NASDAQ:TSLA), with an Overweight rating and a target price of $295.00. The analysts anticipate...

Angola to leave OPEC, international oil prices fall by more than two percent

On Thursday Angola said that it was leaving the Organization of the Petroleum Exporting Countries (OPEC). The oil minister said that being part of...

Pick last minute Christmas and holiday gifts at Walmart before early store close on Christmas Eve

Walmart is closing early this Christmas Eve. All Walmart stores will be open till 6 p.m. on Christmas Eve. So hurry and pick last-minute...

Adobe and Figma Mutually Agree to Terminate Merger Agreement -Will Pay Figma a $1 Billion Cash Reverse Termination Fee

Adobe and Figma announced on Monday that they are amicably canceling their merger agreement, which would have seen Adobe purchase the Figma product design...

ExxonMobil Downgraded at Erste Group

Erste Group analysts changed their rating for ExxonMobil (NYSE:XOM) from Buy to Hold. The analysis highlighted several concerns affecting Exxon Mobil's performance. They noted...

Jazz Pharmaceuticals Fails the Phase 2 Trial of PTSD

Jazz Pharmaceuticals (NASDAQ:JAZZ) announced disappointing results from its Phase 2 clinical trial of JZP150, a drug developed for treating post-traumatic stress disorder (PTSD). The...

ANSYS Jumps 20 percent On Sales Rumors

Shares of ANSYS (NASDAQ:ANSS) experienced a significant rise of more than 20% intra-day today following a Bloomberg report suggesting that the company is exploring...

Karuna Shares Jump 46 percent on Bristol-Myers Squibb Acquisition Announcement

Bristol Myers Squibb (NYSE:BMY) has reached an agreement to purchase Karuna Therapeutics (NASDAQ:KRTX), a company specializing in neuroscience drug development, for a total of...

Nike Shares Drops 10 percent After Q2 Results

Nike (NYSE:NKE) revealed its second-quarter financial results, surpassing analysts' predictions but cautioned about a less robust revenue forecast for the second half of the...

Walmart Self-Checkout to add payment through Affirm, a buy now pay later provider

Walmart, the nation’s largest retailer, is adding yet another important feature for its customers. It has expanded its partnership with Affirm, a buy now...

Watch Blue Origin successfully launches New Shepard rocket after 2022 failure

On Tuesday, December 19, Jeff Bezos’ Blue Origin successfully launched its New Shepard rocket. This is its first successful mission after 15 months. It...

US lawmakers want DOJ to investigate Apple for blocking Beeper’s app for iMessage

Apple Inc. might face an investigation by the Department of Justice (DoJ) after U.S. lawmakers have asked for an investigation into reports that the...

Paychex Stock Falls 5 percent After Quarterly Revenue Misses Estimates

Paychex (NASDAQ:PAYX) shares dropped over 5% intra-day today after the company announced its latest quarterly earnings, falling short of the consensus revenue forecast. The company...

Amazon Maintained as a Buy Stock at Monness Crespi & Hardt

Analysts at Monness, Crespi & Hardt maintained their Buy rating and set a $170 price target for Amazon (NASDAQ:AMZN) in a recent note. The analysts...

Morgan Stanley Bullish on Ford and General Motors

Morgan Stanley released a report recently expressing a positive outlook on Detroit automakers, particularly Ford (NYSE:F) and General Motors (NYSE:GM), for 2024. The report acknowledged...

Regency Centers Earns an Upgrade at Morgan Stanley

Morgan Stanley analysts upgraded Regency Centers (NASDAQ:REG) from Equalweight to Overweight, raising the price target from $62.00 to $75.00. The analysts highlighted the high quality...

Micron Shares Gain 6 percent Following Q1 Earnings

Micron Technology (NASDAQ:MU) experienced a 7% increase intra-day today following the announcement of first-quarter results that surpassed analyst expectations. The company reported a 16% year-over-year...

The European Union is looking into Musk’s X for potential violations of social media laws.

"Today we open formal infringement proceedings against @X" under the Digital Services Act, European Commissioner Thierry Breton said in a post on the platform...

Get Starbucks holiday offers, free hot chocolate on last two weekends of the year and more

Starbucks is not known for giving its customers free offers, except during certain times such as the holiday season. Starbucks has offered its customers...

FedEx Shares Plummet 10 percent Following Q2 Miss & Outlook Cut

FedEx (NYSE:FDX) shares dropped more than 10% intra-day today following the release of its fiscal second-quarter results, which fell short of analyst expectations. The company...

Lowe’s Stock Falls Slightly Following Stifel Downgrade

Shares of Lowe's (NYSE:LOW) declined more than 1% intra-day today following a downgrade by Stifel analysts from Buy to Hold. The analysts took a more...

General Mills Shares Fall on Outlook Cut

General Mills (NYSE:GIS) experienced a more than 2% decline in its shares intra-day today after the company revised its full-year forecast downwards. In its fiscal...

Steelcase Shares Gain 10 percent After Q3 Results

Steelcase (NYSE:SCS) released its third-quarter earnings report, which led to a more than 10% share price gain intra-day today. The company posted revenue of $777.9...

Aon Announces a $13.4 Billion Acquisition of NFP

Aon (NYSE:AON) agreed to acquire NFP, a prominent player in property and casualty brokerage, benefits consultancy, wealth management, and retirement plan advising, mainly focused...

Uber’s Price Target Raised at KeyBanc

Analysts at KeyBanc increased their price target for Uber (NYSE:UBER) from $61.00 to $70.00, while continuing to give the stock an Overweight rating. The analysts'...

U.S. Steel Stock Jumps 23 percent on Nippon Steels’ Acquisition Annoucement

The United States Steel Corporation (NYSE:X), widely known as U.S. Steel, is set to be acquired by Nippon Steel, as confirmed by both companies...

BofA Securities Raises Boeing’s Price Target

BofA Securities analysts expressed their confidence in Boeing (NYSE:BA), raising the price target for the company's stock from $250 to $275 while maintaining a...

Amgen upgraded to Outperform at BMO Capital

BMO Capital upgraded Amgen (NASDAQ:AMGN) from Market Perform to Outperform on Tuesday, also raising the price target for the stock from $286 to $326...

PepsiCo Stock Cut to Neutral at JPMorgan

JPMorgan adjusted its rating on PepsiCo (NASDAQ:PEP) from Overweight to Neutral, also reducing its price target from $185 to $176 per share, as mentioned...

Apple loses patent dispute after ITC ruling, to remove some Apple Watch models by Christmas Eve

Apple is pausing the sale of some of its watch models after it lost a patent dispute against Masimo, after an October ruling by...

Founder of Nikola given a four-year jail sentence for fraud and fines $1 million

Trevor Milton, the founder of Nikola Corp., was fined $1 million and given a four-year federal prison sentence on Monday In addition to an unspecified...
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