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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

Rite Aid to Close 100 Stores

Business
Rite Aid Corporation (OTC: RADCQ) ("Rite Aid" or the "Company") has announced that it has obtained approvals from the U.S. Bankruptcy Court for the...

Amazon starts drone delivery of medications in Texas

Business
Amazon Pharmacy (AMZN) customers, who live in College Station, Texas, will get their prescriptions by drone delivery, according to a company announcement. The Wednesday...

Walmart to offer better deals this Thanksgiving as inflation woes hit customers

Business
As one of the important holidays in the nation draws close, Walmart (WMT) has decided to give its customers the best possible deals this...

CWEB News Summarized Breaking, Business and Stock Newsletter October 19, 2023

Business
The Chairman of the Federal Reserve, Jerome Powell, is scheduled to deliver what could be a pivotal policy address. The financial markets are getting...

Pepper X, is 3 times spicier than its predecessor- now recorded as the hottest chili pepper

Business
Pepper X is a very spicy pepper variety, and it is often claimed to be even spicier than its predecessor, the Carolina Reaper. While...

ASML Stock Falls After Q3 Miss

Business
Following weaker guidance, ASML Holding (NASDAQ:ASML) saw a more than 2% drop in its stock price in pre-market after reporting lower-than-expected orders, leading to...

RBC Capital Remains Positive on Shopify Stock

Business
RBC Capital's analysts maintained their Outperform rating on Shopify (NYSE:SHOP) with a price target of $80.00. The analysts pointed to data from multiple external...

Avis Budget Group’s Stock a Catalyst Call Buy Idea at Deutsche Bank

Business
Deutsche Bank's analysts maintained their Hold rating for Avis Budget Group (NASDAQ:CAR) with a price target of $260.00, while opening a Catalyst Call Buy...

United Airlines Stock Plunges 7 percent on Guidance Miss

Business
United Airlines Holdings (NASDAQ:UAL) exceeded third-quarter expectations, but their Q4 predictions didn't meet analysts' projections due to increased fuel prices and halted Tel Aviv...

Nvidia Shares Drop on US Export Restrictions

Business
Nvidia (NASDAQ:NVDA) stock has been impacted by the U.S. government's decision to limit advanced chip exports to China, dropping more than 2% pre-market today...

A Closer Look at The Resurgence of Adjustable-Rate Mortgages

Business
In the ever-evolving landscape of the real estate market, financial products and mortgage options continuously adapt to meet the needs and preferences of homebuyers....

CWEB News Summarized Breaking, Business and Stock Newsletter October 18, 2023

Business
Bond yields rose to their highest level in 10 days after the Commerce Department reported stronger-than-expected retail sales, while stocks were relatively flat. Nvidia...

Stellantis Started With an Overweight Rating at Barclays

Business
Barclays started its coverage on Stellantis (NYSE:STLA), setting an Overweight rating and a one-year target price of EUR 22.50. While Stellantis stands out among European...

VMware Stock Drops 12 percent as China May Hold Up the Broadcom Acquisition

Business
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale...

Bank of America Stock Rises After Q3 Earnings Report

Business
Shares of Bank of America (NYSE:BAC) rose more than 2% intra-day today after the company reported third-quarter results which surpassed expectations on both revenue...

Johnson & Johnson Reports Q3 Beat, Raises Outlook

Business
Johnson & Johnson (NYSE:JNJ) surpassed third-quarter expectations and increased its full-year forecast. The company's revenue for the third quarter increased by 6.8% to $21.4...

Dollar Tree Earns an Upgrade at Goldman Sachs, Shares Gain 4 percent

Business
Goldman Sachs analysts upgraded Dollar Tree (NASDAQ:DLTR) from Neutral to Buy and set a price target of $137.00, down from $150.00. As a result,...

SEC Finalizes New Rules for Hedge Funds to Report Short Sale Each Month

Business
The Securities and Exchange Commission (SEC) has set new rules for hedge fund and other investors to report on the gross short positions in...

LinkedIn Lays off 700 Due to Stalling Revenue Growth

Business
LinkedIn, the world's largest professional networking platform, is making headlines as it announces a significant reduction in its workforce. Nearly 700 employees are set...

CWEB News Summarized Breaking, Business and Stock Newsletter October 17, 2023

Business
In spite of rising interest rates and concerns about the state of the economy, retail sales in September came in significantly higher than anticipated...

As the SEC declines to contest the ETF loss, the price of bitcoin surges above $28,000.

Business
The Securities and Exchange Commission (SEC) is expected to make decisions about spot Bitcoin exchange-traded funds (ETFs) in the near future, as well as...

Colgate-Palmolive Stock Raised to Buy at Stifel

Business
Stifel's analysts upgraded Colgate-Palmolive (NYSE:CL) to Buy from Hold and adjusted the price target from $85 to $81. The new rating is based on...

Wayfair’s Rating Raised to Hold, Shares Gain

Business
Loop Capital upgraded Wayfair (NYSE:W) from Sell to Hold and set a price target of $50.00, down from the previous $60.00. This move resulted...

Embraer Stock Gains 3 percent Following Citi Upgrade

Business
Citi's analysts raised Embraer's (NYSE:ERJ) rating from Neutral to Buy and set a new price target of $16.00, up from $15.25. As a result,...

E2open Stock Jumps 26 percent After Elliott Discloses its 13.8 percent Stake

Business
Elliott Management, an activist hedge fund, announced a 13.8% stake in E2open (NYSE:ETWO) and might consider acquiring the firm. Elliott purchased 27,250,000 shares at...

CWEB News Summarized Breaking, Business and Stock Newsletter October 16, 2023

Business
Investors feel secure as the US works to limit the war in the Middle East. Investors are watching geopolitical concerns that could increase oil...

CWEB News Summarized Breaking, Business and Stock Newsletter October 14, 2023

Business
After big US banks began earnings season with positive profits, stocks finished the session and the week with mixed results as investors kept an...

JPMorgan Chase Beats Q3 Expectations

Business
JPMorgan Chase (NYSE:JPM) posted Q3 earnings that surpassed Street predictions, driven by higher interest rates which counteracted reduced deposit balances. The adjusted revenue for...

BofA Securities Believe Nvidia Stock Can Surge 20 percent

Business
Nvidia (NASDAQ:NVDA) shares have recently witnessed a surge, growing around 15% over the past three weeks, benefiting by enhanced risk sentiment. Bank of America's...

BlackRock Posts a 13 percent Surge in Q3 Profits

Business
BlackRock (NYSE:BLK), the global leading asset manager, posted a 13% surge in third-quarter profits due to market recovery drawing investors to its offerings. The...

Dollar General Shares Jump 9 percent After CEO Appointment & Guidance Adjustment

Business
Dollar General (NYSE:DG) shares jumped more than 9% intra-day today after the company announced the reappointment of Todd Vasos as its CEO. Vasos, a...

Wells Fargo Stock Surges 3 percent Following Q3 Earnings

Business
Wells Fargo (NYSE:WFC) shares increased over 3% intra-day today following its Q3 results that exceeded expectations. The bank reported a Q3 EPS of $1.48,...

LVMH shares decline by more than eight percent, market value declines by $245 billion across companies

Business
LVMH saw its share price decline by almost 8.5 per on Wednesday. This is the largest intraday decrease in share value in about two...

Europe gives TikTok’s CEO 24 hours to reply to misleading data regarding the Israel-Hamas war

Business
European regulator Thierry Breton delivered a strongly worded letter to TikTok CEO Shou Zi Chew on Thursday. In the letter, Breton emphasized the platform's...

CWEB News Summarized Business and Stock Newsletter October 13, 2023

Business
Increased profits for JPMorgan Chase (JPM) in the third quarter demonstrated the company's resilience in the face of industry challenges this year. New York's...

Delta Air Lines Stock Gains on Q3 Beat

Business
Delta Air Lines (NYSE:DAL) gained more than 2% pre-market today after the company posted Q3 earnings that surpassed forecasts. The airline reported an EPS...

CAVA Group Earns an Upgrade at Morgan Stanley

Business
Mediterranean restaurant chain CAVA Group (NYSE:CAVA) stock was upgraded by Morgan Stanley from Equalweight to Overweight, which set a price target of $41, suggesting...

Taiwan Semiconductor’s Stock Rated Overweight Ahead of Q3 Earnings

Business
Morgan Stanley's analysts maintained their Overweight rating on Taiwan Semiconductor Manufacturing (NYSE:TSM) ahead of its Q3/23 earnings announcement, scheduled on October 19. While some...

Walgreens Misses Q4 Earnings, Provides Weak Outlook

Business
Walgreens Boots Alliance (NASDAQ:WBA) posted a fiscal year 2024 profit guidance that falls short of Wall Street predictions, following its missed quarterly earnings due...

Domino’s Pizza Reports Better Than Expected Q3 Profits

Business
Domino's Pizza (NYSE:DPZ) announced its Q3 results, with earnings per share (EPS) coming in at $4.18, significantly outperforming the projected $3.31. However, the company's...

California will pose groundbreaking regulations to track and report nearly all their greenhouse gas emissions.

Business
  California has long been a trailblazer in the fight against climate change. The state is known for its stringent environmental regulations and ambitious clean...

Consumer prices increased 0.4% in September, more than expected

Business
In September, the Consumer Price Index for All Urban Consumers (CPI-U) experienced a 0.4 percent increase on a seasonally adjusted basis, following a 0.6...

Microsoft Windows web version has new app store making it easier to find apps

Business
Microsoft has launched a new version of its app store for Windows on the web, without much fanfare unlike other tech companies. The new...

CWEB News Summarized Business and Stock Newsletter October 12, 2023

Business
New statistics from the Bureau of Labour Statistics came out Thursday morning, showing that inflation slowed in September as energy price hikes slowed from...

The most dangerous jobs in California, according to new research

Business
Psychiatric and substance abuse hospitals are the most dangerous jobs in California. Family planning center jobs follow in second, and justice, public order, and...

Citi Analysts More Positive on Adobe Stock

Business
Citi analysts maintained a Neutral rating on Adobe (NASDAQ:ADBE) with a $610.00 price target. The focus of the recent Adobe MAX user conference and...

Exxon Mobil to Pay Nearly $60 Billion to Acquire Pioneer Natural Resources

Business
Exxon Mobil (NYSE:XOM) announced its plan to acquire Pioneer Natural Resources (NYSE:PXD) for $59.5 billion, with a per-share price of $253. This acquisition sets...

Take-Two Interactive’s Rating Raised to Outperform at Raymond James

Business
Raymond James analysts upgraded Take-Two Interactive Software (NASDAQ:TTWO) to Outperform from Market Perform and set a price target of $170 per share. This optimism...
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