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Business

CWEB Business News Investment firm Needham has reaffirmed its Buy rating on Rivian Automotive Inc.

Investment firm Needham has reaffirmed its Buy rating on Rivian Automotive Inc. (NASDAQ: RIVN), maintaining a $14 price target for the electric vehicle maker....
Business

CWEB Business News NVIDIA Unleashes Jetson AGX Thor, Its Most Powerful Robotics Computer, to Power the Age of Physical AI

NVIDIA (NVDA) has announced the general availability of its groundbreaking Jetson AGX Thor robotics computer, a new system-on-module designed to serve as the brain...
Business

ServiceNow Stock Gains 3 percent Following Q3 Beat

Business
Shares of ServiceNow (NYSE:NOW) rose more than 3% during Thursday's pre-market trading in response to their recently announced Q3 results and an upward revision...

Kenvue Reports Roughly In Line Q3 Results, Shares Fall 3 percent

Business
Kenvue (NYSE:KVUE) announced its third-quarter results that met analyst estimates, but shares fell more than 3% intra-day today. During the third quarter, the adjusted earnings...

Royal Caribbean Shares Up 2 percent Following Q3 Beat & Guidance Raise

Business
Shares of Royal Caribbean (NYSE:RCL) saw a rise of over 2% intra-day today due to impressive third-quarter results and an upward revision in their...

Tractor Supply Drops 3 percent on Q3 Miss & Lowered Guidance

Business
Tractor Supply (NASDAQ:TSCO) shares fell by over 3% intra-day today after the company reported worse-than-expected third-quarter earnings and cut its guidance. Q3 EPS of $2.25...

Live Nation Stock Rises 2 percent on Evercore Upgrade

Business
Analysts from Evercore ISI changed their rating on Live Nation Entertainment (NYSE:LYV), raising it from In Line to Outperform and setting a price target...

Comcast reports better than expected results, stock price falls due to fall in subscribers, ad revenue

Business
Comcast (CMCSA) reported its quarter results, on Thursday. Although the parent company of CNBC, NBCU, Peacock streaming services and more reported results that were...

McDonald’s makes Fridays Fries Days till the end of the year with new offer

Business
McDonald’s (MCD) has announced a new offer—its fries will be available free from this Friday to the end of the year, and web fans...

Apple raises subscription prices on Apple TV Plus and other services, following Netflix

Business
  Apple (AAPL) has raised the prices of some of its subscription services including Apple TV Plus. The price rise will take place in the...

Anheuser-Bush, Bud Light Beer maker strikes major deal with UFC

Business
Anheuser-Bush and UFC announced on Tuesday that they have signed a multi-year deal. The brewery which makes several brands of beer and alcoholic spirits...

CWEB News Summarized Breaking, Business and Stock Newsletter October 26, 2023

Business
Despite increased interest rates, continued inflation pressures, and a number of other domestic and foreign headwinds, the U.S. economy grew even faster than projected...

As a result of cloud revenue missing projections, Alphabet’s stock is experiencing its worst day in a year.

Business
Alphabet witnessed its most significant one-year drop in share value on Wednesday as its Google Cloud unit's revenue fell short of analyst expectations. During midday...

An Alaska Airlines pilot stands accused of attempting to deactivate aircraft’s engines during mid-flight charged with 83 counts of attempted murder

Business
An off-duty pilot attempted to turn off both engines of a Boeing 737 by using its fire extinguishers. Off-duty pilot Joseph David Emerson was seated...

Alphabet Shares drops 6 percent on Weak Growth in Cloud Computing

Business
Shares of Alphabet (NASDAQ:GOOGL) declined over 6% in pre-market trading on Wednesday due to disappointing growth in its cloud computing segment. For the third quarter,...

Visa Posts Better Than Expected Q4 Earnings, Hikes Dividend & Announces New Buyback Program

Business
Visa (NYSE:V) posted Q4 results that surpassed expectations, recording an EPS of $2.33, which outperformed the predicted $2.25. Year-over-year, the company witnessed an 11% growth...

Boeing Reports Q3 EPS Miss, Revenues Slightly Better

Business
Shares of Boeing (NYSE:BA) reported a loss per share of $3.26 for the third quarter, which is $0.03 more than the projected loss of...

Stride Stock Surges 18 percent Following Q1 Beat and Strong Guidance

Business
Following the announcement of its Q1 results, Stride (NYSE:LRN) saw its shares spike over 18% intra-day today. The company reported an EPS of $0.11,...

Microsoft Shares Gain 3 percent Following Q3 Results

Business
Microsoft's (NASDAQ:MSFT) fiscal first-quarter results exceeded Wall Street predictions, largely due to the robust performance of its cloud segment, Azure. Shares surged more than...

CWEB News Summarized Breaking, Business and Stock Newsletter October 25, 2023

Business
Stocks fell on Wednesday after investors processed Microsoft's (MSFT) and Alphabet's (GOOG, GOOGL) mixed quarterly earnings reports. More earnings reports are expected to come...

Forty-two attorney generals filed lawsuits against Meta, claiming it targets children in a harmfully way that is unsafe for their mental health

Business
  States have filed lawsuits against Meta, alleging that Instagram and Facebook played a significant role in exacerbating a mental health crisis among young people. The...

Investors wait for Magnificent Seven quarter reports, after Tesla reports non impressive results

Business
Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla are called the Magnificent Seven of the stock market although the original Magnificent Seven referred to...

3M Shares Gain 5 percent on Q3 Beat

Business
3M (NYSE:MMM) shares climbed more than 5% intra-day today after the company announced its Q3 results that exceeded expectations and updated its yearly profit...

Coca-Cola Shares Rise Following Q3 Beat

Business
Coca-Cola (NYSE:KO) shares rose more than 2% intra-day today after the company announced better-than-anticipated Q3 results. The company's adjusted EPS stood at $0.74, surpassing the...

General Motors Posts Q3 Beat But Withdraws 2023 Guidance Given Ongoing Strikes

Business
General Motors (NYSE:GM) surpassed Q3 expectations while pulling its 2023 forecasts due to increasing costs from the UAW strike. Q3 revenue increased by 5.4% to...

General Electric Jumps 6 percent on Strong Q3 Beat

Business
General Electric (NYSE:GE) shares rose more than 6% intra-day today after outperforming quarterly expectations and updating its annual guidance. Q3 adjusted revenues surged 18%...

Verizon Stock Jumps 8 percent on Strong Q3 & Raised Guidance

Business
Verizon (NYSE:VZ) surpassed Q3 earnings expectations and has increased its free cash flow forecast. As a result, shares jumped more than 8% intra-day today....

CWEB News Summarized Breaking, Business and Stock Newsletter October 24, 2023

Business
On Tuesday, stocks rose as investors prepared for a deluge of earnings reports from tech titans and other prominent corporations, helped by a recovery...

Uber Stock a Top Pick at JPMorgan

Business
Analysts at JPMorgan maintained their Overweight rating on Uber Inc. (NYSE:UBER) with a price target of $56.00. They noted that Uber remains their preferred...

FMC Shares Drop 12 percent on Guidance Cut

Business
FMC Corp’s (NYSE:FMC) shares dropped more than 12% intra-day today after the company reduced its third-quarter adjusted earnings per share forecast. The primary reason...

Walgreens Boots Alliance Surges 5 percent Following JP Morgan Upgrade

Business
Walgreens Boots Alliance (NASDAQ:WBA) stock saw a 5% rise intra-day today following JPMorgan’s upgrade. The bank raised the company's rating from Neutral to Overweight...

Dynatrace Started With a Buy Rating at Guggenheim

Business
Analysts at Guggenheim started coverage on Dynatrace (NYSE:DT) and gave the stock a Buy rating with a price target of $58.00. The analysts noted that...

Chevron to Buy Hess For $53 Billion

Business
Chevron Corporation (NYSE:CVX) announced its plans to purchase Hess Corporation (NYSE:HES) in an all-stock deal, with a valuation of $53 billion or $171 per...

Netflix increases subscription prices for Basic and Premium plans, after third quarter results show growth

Business
Netflix (NFLX) has increased its subscription prices for consumers who subscribe to its Basic and Premium plans in the U.S., the U.K. and France,...

CWEB News Summarized Breaking, Business and Stock Newsletter October 23, 2023

Business
As investors came to terms with the fact that interest rates will remain higher for longer, stocks dipped on Monday morning after the benchmark...

CVS to remove phenylephrine containing cold and cough medicines from shelves

Business
CVS (CVS) is removing some cough and cold medicines that contain phenylephrine from its shelves. This voluntary recall is taking place after the Food...

Intuitive Surgical Plunges 4 percent After Mixed Q3 Earnings

Business
Intuitive Surgical (NASDAQ:ISRG) released its third-quarter results, reporting a mixed performance with earnings surpassing expectations but revenue falling short, leading to an over 4%...

Cognizant Raised to Buy Rating at Citi

Business
Citi analysts upgraded Cognizant (NASDAQ:CTSH) to Buy rating from Neutral and raised the price target to $80 from $72. The analysts pointed out that...

Knight-Swift Transportation Shares Surge 11 percent Following Q3 Beat

Business
Shares of Knight-Swift Transportation (NYSE:KNX) surged more than 11% intra-day today after the company reported its Q3 results. The company's earnings per share (EPS)...

CSX Posts Q3 EPS Miss, But Revenues Slightly Better Than Expected

Business
CSX Corp. (NASDAQ:CSX) reported its Q3 results with earnings per share (EPS) at $0.42, slightly below the consensus estimate of $0.43. Revenue fell 8%...

SolarEdge Stock Plummets 25 percent After Q3 Revenue Warning

Business
SolarEdge Technologies (NASDAQ:SEDG) shares plunged more than 25% intra-day today following the company's preliminary Q3 financial results. Revenue for the quarter is now expected...

CWEB News Summarized Breaking, Business and Stock Newsletter October 20, 2023

Business
The Federal Communications Commission has begun a new initiative to update the regulations that apply to broadband providers. As part of this initiative, they...

Family Insurance Plan Premiums at Work Soars to over $24,000 this year.

Business
According to KFF's Employer Health Benefits Survey, which was released on Wednesday, in the current year, the annual premiums for family health coverage provided...

Lam Research Stock Plunges 6 percent Following Q1 Results

Business
Lam Research (NASDAQ:LRCX) reported its Q1 earnings, which caused a 6% drop intra-day today. While the company's adjusted earnings per share of $6.85 beat...

AT&T Shares Gain 6 percent After Q3 Beat

Business
AT&T (NYSE:T) saw its stock rise by over 6% today as it reported third-quarter figures that exceeded expectations. The company posted an adjusted EPS...

Equifax Posts Q3 Miss Due to Weaker Mortgage Market

Business
Equifax (NYSE:EFX) reported its third-quarter results, which fell below Wall Street expectations, primarily driven by a weaker U.S. mortgage market. In the third quarter, the...

Netflix Shares Jump 15 percent Following Strong Q3 Results

Business
Netflix (NASDAQ:NFLX) shares surged over 15% intra-day today after it comfortably exceeded profit expectations and experienced a rise in its subscriber numbers. In its financial...

Tesla Stock Plunges 8 percent After Q3 Miss & Cautious Management Commentary

Business
Tesla’s (NASDAQ:TSLA) latest quarterly results fell short of Wall Street estimates due to recent price cuts on electric vehicles, causing more than an 8%...

Elon Musk’s X, formerly Twitter to charge one dollar per year in new subscription program in two countries

Business
Elon Musk’s platform X, formerly called Twitter, has rolled out a new subscription plan in two countries. The platform will charge new users $1...

Costco’s longtime CEO Craig Jelinek steps down

Business
  As Costco’s (COST) longtime CEO Craig Jelinek, 71, steps down, he will be succeeded by Costco's president and COO, Ron Vachris, who joined the...
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