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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...
Business

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...
Business

Kohl’s Stock Plunges 11 percent Following Q3 Earnings

Business
Kohl’s Corporation (NYSE:KSS) shares experienced a decline of over 11% intra-day today following the announcement of its third-quarter results, which marked the seventh consecutive...

Streamline Your Delivery Process with Walmart’s New Parcel Stations

Business
Our obsession with decreasing the time it takes for customers to receive an online order is a direct result of our knowledge that customers...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 20, 2023

Business
As investors awaited findings from artificial intelligence chipmaker Nvidia (NVDA), stocks dropped at Tuesday's opening bell, indicating a slowdown in the November rise. When...

Boeing’s Rating Raised to Buy at Deutsche Bank

Business
Analysts at Deutsche Bank upgraded Boeing (NYSE:BA) from Hold to Buy rating, increasing the price target from $204 to $270, representing a potential 30%...

Wells Fargo Initiates Coverage on Arm Holdings at Overweight, Shares Surge 5 percent

Business
Analysts at Wells Fargo started coverage on Arm Holdings (NASDAQ:ARM) with an Overweight rating and a price target of $70.00. The analysts’ commentary underscores...

Analysts React to Leadership Transitions at 2U

Business
Shares of 2U, Inc. (NASDAQ:TWOU) fell 4% intra-day today following the announcement that Paul Lalljie, the current Chief Financial Officer, will replace Christopher Paucek...

PENN Entertainment Stock Gains 6 percent on BofA Securities’ Upgrade

Business
Shares of PENN Entertainment (NASDAQ:PENN) witnessed a 6% increase intra-day today following an upgrade by BofA Securities, spurred by the early success of ESPN...

Dutch Bros Earns an Upgrade at JPMorgan

Business
Analysts at JPMorgan upgraded Dutch Bros (NYSE:BROS) from Neutral to Overweight, raising the price target from $30.00 to $35.00. The analysts noted significant changes in...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 20, 2023

Business
As the holiday-shortened week began, Wall Street equities continued to rise, having won for three weeks in a row on the back of expectations...

New Social Security Report Shows Growing Overpayment Problem Tops $23B

Business
  A new financial report released by the Social Security Administration this week shows that the scope of the agency’s overpayment problem has continued to...

OpenAI, the parent firm of ChatGPT, removes CEO Sam Altman. Announces leadership transition

Business
Sam Altman, the CEO of ChatGPT's parent company, OpenAI, has been fired. Open AI released this statement: The board of directors of OpenAI, Inc., the...

Applied Materials Posts Q4 Beat, But Stock Plunges 5 percent on DOJ Investigation Reports

Business
Applied Materials (NASDAQ:AMAT), the largest semiconductor equipment manufacturer in the U.S., reported fiscal fourth-quarter earnings that surpassed expectations. However, the company's shares faced pressure...

Intuitive Surgica’s Price Target Raised at Stifel

Business
Stifel analysts increased their price target for Intuitive Surgical (NASDAQ:ISRG) from $315.00 to $350.00, maintaining a Buy rating. This adjustment follows conversations with two...

Palo Alto Networks’ Rating Slashed at BofA Securities

Business
Bank of America analysts downgraded shares of Palo Alto Networks (NASDAQ:PANW) from Buy to Neutral, while also reducing the price target from $290 to...

Zoom’s Rating Raised to Neutral at Citi

Business
Citi analysts raised their rating for Zoom (NASDAQ:ZM) from Sell to Neutral, while maintaining the firm's price target for the stock at $66 per...

BJ’s Wholesale Drops 3 percent Despite Q3 Beat

Business
BJ's Wholesale Club (NYSE:BJ) announced its third-quarter earnings, revealing a mixed financial performance. The company's adjusted earnings per share (EPS) for the quarter was...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 17, 2023

Business
Friday saw stock prices fall as investors sought to extend their gains from this month. Shortly after, the Dow Jones Industrial Average fell by...

Palo Alto Networks Drops 7 percent on Soft Billing Outlook

Business
Palo Alto Networks (NASDAQ:PANW) experienced a 7% decline in its shares intra-day today, following the release of strong first-quarter results but providing billing guidance...

Macy’s Surges 6 percent Following Q3 Beat & Raised Guidance

Business
Macy's (NYSE:M) reported better-than-expected results for the third quarter, leading to more than a 6% rise in its shares intra-day today. The retailer announced adjusted...

Intel Stock Gains 3 percent on Mizuho Upgrade

Business
Mizuho analysts upgraded Intel's (NASDAQ:INTC) rating to Buy from Neutral, with a significant increase in the price target, raising it by $13 to $50...

Cisco Shares Plunge 11 percent on Annual Guidance Cut

Business
Cisco (NASDAQ:CSCO) announced a reduction in its annual forecast on Wednesday, despite reporting fiscal first-quarter results that exceeded expectations. This adjustment comes in the...

Walmart Beats Q3 Expectations, But Shares Drop 7 percent on Cautious Outlook

Business
Walmart (NYSE:WMT) shares dropped more than 7% intra-day today after the company announced its Q3 result. While results came in better than expected, the...

Walmart reports strong gains in quarter with record breaking $160.84 billion in sales, offers cautious outlook

Business
Walmart Inc. (WMT) reported its third quarterly result and analysts began dissecting the data to gauge consumer trends in the approaching holiday season. The...

Sephora locks up perfume as store theft rises, report says

Business
Sephora has changed the way it sells perfumes after it has seen a rapid rise in thefts in its stores. Fragrances have been removed...

Novo Nordisk’s weight loss drug Wegovy reduces the risk of those with heart disease and obesity

Business
The complete results of the Novo's Select trial were concurrently published in the New England Journal of Medicine and presented by researchers on Saturday...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 16, 2023

Business
As the U.S. labor market shows indications of softening, the number of applications for jobless claims rises. According to Thursday's report from the Labour...

Target Stock Jumps 17 percent Following Q3 Earnings

Business
Target Corporation (NYSE:TGT) shares jumped more than 17% intra-day today after the company reported stronger-than-expected earnings for its third quarter, surpassing Wall Street's projections....

Nu Holdings Q3 Results Beat Estimates But Buy-Side Investors Are Not Impressed

Business
Nu Holdings (NYSE:NU), a Brazilian online lending company, saw more than a 7% decline in its stock intra-day today after reporting its third-quarter results....

Getty Images Shares Fall 2 percent After Q3 Report & Reduced Guidance

Business
Shares of Getty Images (NYSE:GETY) dropped over 2% intra-day today after the announcement of the company's third-quarter results and a reduction in its financial...

Holley Shares Gain 5 percent After Jefferies Upgrade

Business
Analysts at Jefferies raised their rating for Holley (NYSE:HLLY) from Hold to Buy, although they lowered the price target from $8.00 to $5.00. As...

Energizer Stock Plunges 8 percent Following Several Downgrades

Business
Shares of Energizer (NYSE:ENR), the well-known battery manufacturer, experienced an 8% drop intra-day today, following downgrades by several brokerage firms. Morgan Stanley downgraded Energizer's rating...

CWEB News Summarized Breaking, Business and Financial Newsletter for November 15, 2023

Business
There is a lot of pressure on the meeting between President Biden and his Chinese counterpart Xi Jinping at the APEC summit in California...

Sea Stock Plunges 13 percent Following Q3 Results

Business
Sea (NYSE:SE) shares plunged more than 13% intra-day today after the company reported its third-quarter results. The loss per share was reported at 26...

CrowdStrike Earns an Upgrade at Stifel

Business
Stifel analysts upgraded CrowdStrike Holdings (NASDAQ:CRWD) from Hold to Buy, increasing the stock's price target from $153 to $225. Stifel emphasized the critical importance of...

Home Depot Stock Jumps 7 percent Following Q3 Earnings

Business
Home Depot (NYSE:HD) announced a less severe decline in third-quarter comparable sales than expected, but it has tightened its full-year financial outlook amidst reduced...

Take-Two Interactive Software Upgraded at Deutsche Bank, Shares Gain 3 percent

Business
Deutsche Bank analysts upgraded Take-Two Interactive Software (NASDAQ:TTWO) to Buy from Hold on Tuesday, also lifting the share price target from $155 to $175....

The Beauty Health Shares Plunge 60 percent on Disappointing Q3

Business
Shares of The Beauty Health Company (NASDAQ:SKIN) tumbled over 60% intra-day today following its significant miss on third-quarter estimates. The company announced a Q3 loss...

Global Wellness Industry reaches $5.6 trillion in revenue, to grow faster in five years, report says

Business
The global wellness industry is growing rapidly, and a new report implies that it has crossed the GDP of Germany in size. A report...

monday.com Stock Jumps 10 percent on Strong Q3 & Guidance

Business
Shares of monday.com (NASDAQ:MNDY) saw a more than 10% increase today following a successful third quarter that exceeded expectations and prompted a revised outlook....

HP’s Rating Raised at Citi

Business
Citi analysts raised their rating on HP (NYSE:HPQ) to Buy from Neutral, adjusting the price target to $33, which suggests about a 20% upside....

Southwest Airlines Rating Slashed to Sell at Melius

Business
Melius downgraded Southwest Airlines (NYSE:LUV) stock to Sell from Hold, setting a new price target of $19.00, down from $30.00. The analysts noted that...

Constellation Brands Started With Buy at Jefferies

Business
Jefferies analysts started coverage on Constellation Brands (NYSE:STZ) with a Buy rating, setting a price target of $292.00. The analysts noted that despite significant...

JPMorgan Remains Bullish on Netflix, Raised Price Target

Business
JPMorgan analysts increased their price target on Netflix (NASDAQ:NFLX) from $480.00 to $510.00, maintaining an Overweight rating. The analysts observed that following the third-quarter...

Amazon to buy solar energy from repurposed coal mine, Maryland project one among 78

Business
Amazon (AMZN) will buy clean and renewable energy from a solar project in Maryland. The Garrett County project is built on a brownfield that...

Moody’s lowers U.S. outlook to negative, Treasury Department disagrees

Business
Moody's Investors Services cut its rating outlook on the government of the United States to negative on Friday. It cited rising risks to fiscal...

IRS Announces New Tax Brackets for inflation adjustments for tax year 2024

Business
The Internal Revenue Service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate...

Meta connects with Amazon to let web fans shop at Amazon on its apps

Business
Meta and Amazon (AMZN) have connected to making shopping easier for web fans. Meta the parent of Facebook, Instagram and WhatsApp wants its web...

The Trade Desk Plunges 23 percent on Weak Outlook

Business
Shares of The Trade Desk Inc. (NASDAQ:TTD) plunged 23% in pre-market today, which followed the company's announcement of third-quarter earnings that surpassed expectations, but...
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