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Business

CWEB Business News Hyundai Transys Unveils Sustainable Leather Innovation at Milan Trade Show

Hyundai Motor Group’s global auto parts affiliate, Hyundai Transys, has revealed a groundbreaking plant-based leather that closely mimics the smell and feel of real...
Business

Strategic AI Alliance: CWEB News Analysts on Alphabet’s Market Surge Following Reported Apple Negotiations

CWEB Business News – In a significant development within the technology sector, Alphabet Inc. (GOOGL) shares experienced a notable appreciation following a report from CWEB News business...
Business

Apple Slashed to Sector Weight Rating at KeyBanc

Business
Apple (NASDAQ:AAPL) was downgraded by KeyBanc, which shifted its rating from Overweight to Sector Weight. The reasons behind this decision include Apple's elevated valuation...

Job Report Rattles Markets-Job Openings jump to 9.6 million in August vs. 8.8 million expected

Business
The US Dollar strengthened against its currency counterparts, immediately causing the US Dollar Index to reach its highest level since November 2022. At the...

Lululemon begins layoffs amid Peloton partnership and discontinues selling its Studio Mirror work out device

Business
Approximately 120 Lululemon Studio employees will be affected following the brand’s announcement that it will stop selling its Mirror workout device. The company says...

A new study has revealed the top 10 US states that are home to the highest amount of successful people.    

Business
Wyoming is the number one state that is home to the most successful people, with the highest number of billionaires per one million people....

CWEB News Summarized Business and Stock Newsletter October 4, 2023

Business
Last week, mortgage rates in the United States reached 7.5% for the first time since November 2000, and homebuyer applications fell to a multi-decade...

HP Shares Gain 2 percent After BofA Securities Upgrade

Business
BofA Securities analysts upgraded HP (NYSE:HPQ) from Underperform rating to Buy with a $33.00 price target. As a result, shares gained more than 2%...

Meta May Introduce a €10 Per Month Ad-Free Instagram or Facebook

Business
Meta Platforms (NASDAQ:META), the parent company of Instagram and Facebook, is exploring the possibility of introducing a subscription service in Europe called "SNA," which...

Airbnb Stock Drops 5 percent on KeyBanc Downgrade

Business
KeyBanc Capital analysts downgraded Airbnb (NASDAQ:ABNB) from Overweight to Sector Weight, which resulted in a share price drop of more than 5% intra-day today. The...

Fiverr International Shares Surge 7 percent Following Upgrade

Business
Fiverr International (NYSE:FVRR) shares rose around 7% intra-day today after Roth MKM upgraded the company from Neutral to Buy and maintained a price target...

Tesla Stock Falls on Weak Delivery Numbers

Business
Tesla (NASDAQ:TSLA) reported lower-than-expected delivery numbers for the third quarter, attributed to factory upgrades during the summer. Following the delivery report, Tesla shares declined...

Macy’s will open 30 stores

Business
As it looks beyond the traditional retail mall, Macy's (M) will add up to 30 more stores in strip malls. The stores are around...

Abercrombie & Fitch investigates former CEO Mike Jeffries for sexual misconduct hosting sex parties

Business
Abercrombie & Fitch (ANF) has alleged that against Mike Jeffries had been abusing men for sex at events he threw in his New York...

Kellogg’s cereal business trades as standalone WK Kellogg Co, stock fall 5 percent

Business
Kellogg's, (K) the iconic American company that built a global brand has officially split into two. Kellogg's cereal business began trading as a standalone...

CWEB News Summarized Business and Stock Newsletter October 3, 2023

Business
On Tuesday, investors sold off their shares as they watched rising Treasury yields, which had reached a 16-year high. 82 points, or 0.4%, were...

Carnival Stock Drops 5 percent Despite Q3 Beat on Fuel Cost Concerns

Business
Carnival (NYSE:CCL) has reported its Q3 earnings per share (EPS) at $0.86, surpassing the Street estimate of $0.76. The company's Q3 revenue also exceeded...

Microsoft Upgraded at Jefferies on 365 Copilot

Business
Jefferies analysts reiterated a Buy rating and a Franchise Pick designation for Microsoft (NASDAQ:MSFT) after conducting a detailed analysis of Microsoft Copilot 365. Microsoft is...

Zscaler Stock Surges 4 percent Following Piper Sandler Upgrade

Business
Piper Sandler analysts upgraded Zscaler (NASDAQ:ZS) to Overweight from Neutral and increased the price target by $30 to $190 per share, resulting in a...

US Steel Gets Upgraded to Overweight Rating

Business
Morgan Stanley analysts upgraded US Steel (NYSE:X) from Equal Weight to Overweight and raised the price target to $40 per share, marking a $15...

Insulet Surges 5 percent After Jefferies Upgrade

Business
Jefferies analysts upgraded Insulet (NASDAQ:PODD) shares from Hold to Buy, with a revised price target of $240 per share, down from the previous target...

Toys R Us to open new flagship brick and mortar stores in US, and in airports, cruise lines

Business
WHP Global, the parent company of Toy R Us, announced that it is making a comeback with flagship stores across the nation. It is...

CWEB News Summarized Business and Stock Newsletter October 2, 2023

Business
The Dow futures increased by over 100 points after the federal shutdown was avoided. President Joe Biden signed a continuing agreement passed by the...

Brinker International Earns an Upgrade at Stifel

Business
Brinker International (NYSE:EAT) earned an upgrade from Stifel, which comes after the analysts conducted investor meetings with Brinker's management team. They came away with...

Nike Stock Gains 6 percent Following Q1 EPS Beat

Business
Nike (NYSE:NKE) posted fiscal first-quarter earnings that exceeded expectations, resulting in a 6% surge in its stock price on Friday, even though the company...

AB InBev Stock Rises 3 percent on BofA Upgrade

Business
AB InBev (NYSE:BUD) saw its stock price rise by more than 3% on Friday, driven by a rare upgrade of the beverage giant. AB...

Bumble Gains 3 percent Following Loop Capital Upgrade

Business
Bumble (NASDAQ:BMBL) shares rose more than 3% on Friday after Loop Capital upgraded the company to Buy from Hold with a price target of...

Spotify Slashed to Neutral Ahead of Q3 Earnings

Business
Monness Crespi Hardt analysts downgraded Spotify (NYSE:SPOT) from Buy to Neutral. The analysts explained that Spotify's stock has seen significant growth this year, with...

China’s Shuanghui buys Americas largest pork company Smithfield Foods, Inc in $4.7B deal for Smithfield

Business
Last month, Smithfield Foods, Inc., the largest hog farmer, and meat processor in the world, agreed to be purchased by Shuanghui International Holdings Ltd....

Did you know that Costco sells gold bars? Customers buy them within hours

Business
Costco (COST) is more often known for selling daily use items in bulk quantities, giving its customers huge discounts as they buy merchandise in...

CWEB Summarized Business Newsletter September 29, 2023

Business
With the deadline approaching at 12:01 AM ET on Sunday, chances of averting a shutdown of the federal government are diminishing. If additional funding...

Huntington Ingalls Stock Gains Following JPMorgan Upgrade

Business
Huntington Ingalls (NYSE:HII) stock rose more than 1% pre-market today after JPMorgan analysts upgraded the company from a Neutral rating to Overweight. They also...

Amazon Stock an Outperform at Evercore

Business
Evercore ISI analysts reasserted an Outperform rating for Amazon (NASDAQ:AMZN) with a price target of $190.00. The firm’s analysis highlighted the recent 15% decline...

Workday Stock Drops 10 percent on Disappointing Long Term Guidance

Business
Workday (NASDAQ:WDAY) experienced a 10% intra-day drop in its shares due to the disappointing long-term guidance provided during the Workday Rising event, leading several...

CarMax Shares Plummet 10 percent Following Q2 Earnings Results

Business
CarMax (NYSE:KMX) shares plunged more than 10% intra-day today following the company’s reported mixed Q2 earnings. The used vehicle retailer fell short of the average...

Accenture Plunges 5 percent After Q4 Earnings Report

Business
Accenture (NYSE:ACN) shares dropped more than 5% intra-day today after the company released its Q4 results and provided guidance for its full fiscal year. The...

CWEB Summarized Business Newsletter September 28, 2023

Business
This week, mortgage rates reached their highest point in 23 years, dealing a further blow to the housing industry. According to Freddie Mac, the...

CVS Pharmacy Staff Stage Walkout Over Patient Safety Concerns: Demanding Change in ‘Unsafe Environment’

Business
Over the past few days, a lot of pharmacies in and around the Kansas City metro area have been temporarily closed. The pharmacists are protesting...

SoundHound AI Stock Expected to Grow Over 200 percent

Business
DA Davidson analysts began covering a stock in the artificial intelligence (AI) sector that they believe is currently undervalued due to its past status...

Squarespace Stock a Buy at BofA Securities

Business
BofA Securities analysts reiterated their Buy rating on Squarespace (NYSE:SQSP) with a price target of $35.00. The analysts believe that Squarespace is well-positioned to...

Deutsche Bank Lowers Tesla Q3 Delivery Estimates

Business
Deutsche Bank analysts suggested that Tesla (NASDAQ:TSLA) may fall short of Street expectations in Q3 for deliveries and production figures, primarily due to global...

TD Cowen Positive on Levi’s Long Term Growth

Business
TD Cowen analysts started coverage on Levi Strauss (NYSE:LEVI) with an Outperform rating and set a price target of $16 per share. As a...

Costco Reports Better Than Expected Q4 Earnings

Business
Costco (NASDAQ:COST) posted Q4 earnings per share (EPS) of $4.86, surpassing the Street forecast of $4.78. The quarterly revenue stood at $78.94 billion, exceeding...

Kia, Hyundai recalls 3.37 million US over fire dangers

Business
In a recent announcement, Kia and Hyundai have recalled over 3.3 million vehicles globally due to potential fire-related issues. While these two South Korean...

CWEB Summarized Business Newsletter September 27, 2023

Business
The stock market is vulnerable to a government shutdown. Both the White House and Wall Street believed the economy could weather a temporary shutdown,...

ChatGPT AI Technology Introduces Talk and Listen

Business
One remarkable advancement in this field of AI is the ability of AI models like ChatGPT to not only 'talk' but also 'listen.' This...

Global Equities Research Estimates Robust Q4 Performance for Tesla

Business
Global Equities Research reiterated its Overweight rating and set a price target of $350.00 for Tesla (NASDAQ:TSLA). The analysts expect a robust fourth-quarter performance...

Micron Stock a Buy at Rosenblatt

Business
Rosenblatt analysts reaffirmed their Buy rating and a $100 price target for Micron Technology (NASDAQ:MU). The analysts anticipate that Micron will report August quarter...

Oppenheimer Raises Price Target on Domino’s Pizza Stock

Business
Analysts at Oppenheimer increased Domino's Pizza (NYSE:DPZ) price target to $450 from $427 and maintained their Outperform rating. The analysts see Domino's as a...

Microsoft Upgraded at Guggenheim, No Longer Any Sell Ratings on the Stock

Business
Guggenheim analysts changed their rating on Microsoft (NASDAQ:MSFT) shares, upgrading them from Sell to Neutral. As a result, there are no longer any analysts...
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