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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...

Five Below Posts Q3 Beat & In-Line Guidance

Five Below (NASDAQ:FIVE) announced its third-quarter earnings, reporting an earnings per share (EPS) of $0.26, which surpassed the Street estimate of $0.23. The company...

Nutanix Gains 4 percent Following Q1 Earnings Beat

Nutanix (NASDAQ:NTNX) announced its first fiscal quarter earnings, surpassing analyst predictions and leading to an upward revision of its future guidance. Shares surged more...

Kroger’s Q3 Earnings Review

Kroger (NYSE:KR) revised its sales growth forecast, citing current economic pressures and a decrease in food-at-home inflation as the holiday season approaches. The company now...

Pure Storage Drops 13 percent on Disappointing Outlook

Pure Storage (NYSE:PSTG) released its third-quarter financial results, surpassing expectations with an earnings per share (EPS) of $0.50, which is higher than the consensus...

Snowflake Stock Surges 5 percent After Q3 Beat

Snowflake (NYSE:SNOW) saw its shares rise over 5% intra-day today following the announcement of its third-quarter results. The company reported an earnings per share (EPS)...

JP Morgan CEO Jamie Dimon issues dire warning about a recession and leaving China if necessary

JP Morgan CEO Jamie Dimon issues a dire warning about a recession and leaving China if necessary. He also issued a warning, stating that the...

Billionaire Mark Cuban Sells His Stake in The Dallas Mavericks

The Dallas Mavericks' multibillionaire owner, Mark Cuban, is selling Miriam Adelson of the Las Vegas Sands (LVS) the bulk of the NBA team. The estimated...

SMBs get new holiday tools for office parties and gifting from Walmart Business

  Walmart, the nation's largest retailer, always offers benefits, deals and services to its customers. This holiday season, Walmart Business has launched services for Small...

Legendary Charlie Munger Best Friend and Partner Warren Buffet Has Died

The success of Berkshire Hathaway is closely linked to the legacy of Charlie Munger, a prominent figure in the banking and investment industries and...

Hewlett Packard Enterprise Surges 7 percent Following Q4 Earnings Report

Hewlett Packard Enterprise (NYSE:HPE) experienced a 7% surge in its share prices intra-day today after the company reported earnings that exceeded analysts' expectations. For the...

Airbnb’s Rating Cut to Hold at Jefferies

Jefferies analysts revised their rating on Airbnb (NASDAQ:ABNB) to Hold from Buy, also reducing the stock price target from $155 to $140 per share. The...

General Motors Stock Surges 10 percent on Dividend Hike & $10 Billion Buyback Announcement

General Motors (NYSE:GM) reaffirmed its earnings guidance for 2023, maintaining its net income forecast in the range of $9.1 billion to $9.7 billion. Additionally,...

Petco Health and Wellness Plunges 26 percent on Disappointing Q3 Earnings

Shares of Petco Health and Wellness (NASDAQ:WOOF) saw a significant drop of more than 26% intra-day today following the company's earnings report for its...

Foot Locker Stock Surges 17 percent After Q3 Beat

Foot Locker (NYSE:FL) shares jumped more than 17% intra-day today after the company reported its third-quarter earnings, with EPS of $0.30 surpassing the analyst...

PDD Stock Jumps 15 percent on Q3 Beat

Shares of PDD Holdings (NASDAQ:PDD), formerly known as Pinduoduo, saw a significant increase of nearly 15% pre-market today following the announcement of their third-quarter...

Shopify’s Rating Slashed to Underweight at Piper Sandler

Piper Sandler downgraded Shopify (NYSE:SHOP) shares from Neutral to Underweight, with analysts reducing the price target to $56 from the previous $58 per share....

MercadoLibre Upgraded to Buy After Strong Black Friday Performance

Bank of America analysts upgraded the rating for Mercadolibre (NASDAQ:MELI) to Buy from Neutral, following impressive Black Friday performance. Along with this upgrade, the...

Bernstein Sees Appealing Revenue Story for Confluent

Bernstein analysts initiated coverage of Confluent (NASDAQ:CFLT) with an Outperform rating and a price target of $34 per share. Shares jumped more than 8%...

Tesla’s Cybertruck Expected to Cost $50,000-80,000, Says Wedbush

Wedbush analysts maintained an Outperform rating and a $310.00 price target on Tesla (NASDAQ:TSLA), following the company's announcement of a Cybertruck event scheduled for...

Spotify Makes Royalty Changes for to Drive $1 Billion Drive for Artists Keeping Fraudsters at Bay

Spotify (SPOT) has announced that certain types of “noise” music, like white noise and sleep sounds, must now be two minutes or longer. Additionally,...

Before CEO Sam Altman was fired, OpenAI personnel informed the board of an AI breakthrough-reports say.

Researchers at OpenAI allegedly alerted the board of the business to an AI breakthrough that was so potent that it may "threaten humanity," according...

Pinterest Started With Buy Rating at New Street Research, Shares Gain 3 percent

Shares of Pinterest (NYSE:PINS) experienced a 3% rise intra-day today following the initiation of positive research coverage by New Street Research. The analysts selected Pinterest...

Foot Locker Shares Drop Following Citi’s Downgrade

Shares of Foot Locker (NYSE:FL) saw a 4% decline intra-day today following a downgrade by Citi to Sell with an assigned price target of...

Citi Expects a Q3 Miss By Ulta Beauty

Citi analysts adjusted their price target for Ulta Beauty (NASDAQ:ULTA), reducing it by $35 to $440 per share, amid expectations that the company may...

Crown Castle Shares Gain 5 percent on Elliott Investment Management’s Push For Changes

Shares of Crown Castle (NYSE:CCI) saw an increase of over 4% intra-day today following the announcement by Elliott Investment Management of its more than...

Shopify Shares Surge 5 percent on Merchants’ Record Black Friday Sales

Shares of Shopify (NYSE:SHOP) saw an increase of nearly 5% intra-day today following the announcement that its merchants achieved a record $4.1 billion in...

US lawmakers write letter to SEC for fraud investigation into Elon Musk led Neuralink

Four members of the U.S. House of Representatives have written a letter to the Securities and Exchange Commission (SEC) asking it to launch an...

Larry Summers Joins Open AI Board as Sam Altan Returns as CEO

Former Obama and Clinton official economist Larry Summers will be joining the new, redesigned OpenAI board, while the business is welcoming back CEO Sam...

Rosenblatt Maintains its Street High $1,100 Price Target For NVIDIA

Rosenblatt analysts reaffirmed their Buy rating for NVIDIA (NASDAQ:NVDA), maintaining their 'Street High' price target of $1,100.00 following the company's recent financial results that...

TAL International Started With Buy Rating at Goldman Sachs

Goldman Sachs analysts started covering TAL International (NYSE:TAL) with an optimistic outlook, assigning it a Buy rating and setting a price target of $11.70....

Apple’s Unit Sales Fall 4 percent During China’s Two-Week Singles Day

During China's Singles Day sales, which occurred from October 30 to November 12, Apple (NASDAQ:AAPL) saw a decrease in unit sales, according to Counterpoint...

Urban Outfitters Downgraded to Equal Weight at Morgan Stanley

Morgan Stanley analysts adjusted their rating on Urban Outfitters (NASDAQ:URBN), changing it from Overweight to Equal-Weight and reducing the price target from $42 to...

Citi Raises Price Target on Salesforce

Citi analysts updated their price target for Salesforce (NYSE:CRM), increasing it from $229 to $247 per share, while maintaining a Neutral rating on the...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 24, 2023

There will be 130.7 million shoppers on Black Friday, up from 69% in 2022, proving that this is still the best day to look...

Walmart Black Friday deals are live online, in-store deals begin Friday

Walmart Black Friday deals are live online and will begin at 6 a.m. local in its stores on Friday 11/24. It is the time...

Is Novavax, the Latecomer Covid Vaccine, Worth the Wait?

Erin Kissane, a co-founder of the COVID Tracking Project, rolled up her sleeve for the Novavax covid-19 vaccine in mid-October soon after it was...

Satya Nadella, the CEO of Microsoft, hinted that Sam Altman would rejoin OpenAI.

In a stunning turn of events late on Friday, the board of directors of AI firm OpenAI, the company behind popular AI blockbusters including...

Binance CEO Changpeng Zhao resigns in exchange for a $4.3 billion DOJ settlement for money laundering.

Binance CEO Changpeng Zhao resigns in exchange for a $4.3 billion DOJ settlement for money laundering. Changpeng Zhao plans to admit guilt to multiple charges brought forth by...

Nvidia Posts Q3 Beat & Strong Guidance

NVIDIA (NASDAQ:NVDA) announced third-quarter earnings per share (EPS) of $4.02, surpassing the expected $3.36 by analysts. The quarter's revenue reached $18.12 billion, exceeding the...

Guess? Shares Drop 15 percent Following Q3 Miss

Guess? Inc. (NYSE:GES) saw a more than 13% decline in its shares intra-day today after announcing its third-quarter results. The company reported earnings per...

DLocal Shares Plunge 8 percent After Q3 Miss

Shares of DLocal Limited (NASDAQ:DLO) plunged more than 8% intra-day today following the announcement of their third-quarter results. The company reported earnings per share...

HP Stock Up 2 percent Following Q3 Earnings Report

HP (NYSE:HPQ) experienced a 2% gain in its stock price intra-day today following its fourth-quarter earnings release. The company reported revenues of $13.8 billion, a...

Deere Plunges 5 percent on Disappointing Profit Guidance

Deere & Company's (NYSE:DE) shares experienced a 5% decline intra-day today following the announcement of less-than-expected profit estimates for 2024. Deere & Company adjusted its...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 22, 2023

As investors absorbed the release of the Federal Reserve's last meeting minutes and awaited findings from artificial intelligence chipmaker Nvidia (NVDA), stocks closed lower...

Burlington Stores Shares Jump 10 percent Following Q3 Earnings

Burlington Stores (NYSE:BURL) announced earnings of 98 cents per share for the third quarter, surpassing the average analyst expectation of 95 cents. The company's revenue...

Zoom Reports Q3 Beat, Provides Strong Guidance

Zoom (NASDAQ:ZM) reported third-quarter results that exceeded expectations, with earnings per share (EPS) of $1.29 surpassing the consensus estimate of $1.08. The company's revenue increased...

Dick’s Sporting Goods Shares Gain on Q3 Beat & Raised Outlook

Dick's Sporting Goods (NYSE:DKS), reported third-quarter earnings that surpassed expectations, leading to a more than 5% increase in its shares intra-day today. The company's...

Cloudflare Earns an Upgrade at Oppenheimer

Analysts at Oppenheimer upgraded the rating for Cloudflare (NYSE:NET) from Perform to Outperform, setting a new price target of $85.00. The analysts explain that after...
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