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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

DraftKings Stock Gains 3 percent Following JPMorgan Upgrade

Business
DraftKings (NASDAQ:DKNG) shares saw more than 3% increase intra-day today after an upgrade by JPMorgan. The bank upgraded the company from Neutral to Overweight and...

Costco newest retailer to offer members online health care visits, checkups and more

Business
  Costco Wholesale Corp. (COST ) has been the latest retailer to offer affordable online healthcare visits, health checkups, as well as online mental health...

Writers Guild and Studios Reach Tentative Deal

Business
In a significant development that has the potential to shape the future of the entertainment industry, the Writers Guild of America (WGA) and major...

CWEB Summarized Business Newsletter September 26, 2023

Business
According to data released on Tuesday, rising gas costs and high interest rates contributed to more economic uncertainty and reduced consumer confidence in September....

Amazon to invest $4 billion in Anthropic as it expands AI operations

Business
Amazon (AMZN) announced on Monday that it will infuse $4 billion in cash into AI startup Anthropic. The e-commerce giant said that it would...

Kraft Recalls American Cheese Singles for Gagging Dangers

Business
Kraft Heinz (KHC) has recalled voluntarily 84,000 cases of Kraft American Cheese Singles. The issue is due to concerns that some cheese slices might...

Credit Card Losses Highest Since 2008 Great Recession, Fed Reserve says Americans owe over $1 trillion

Business
Credit card losses are mounting at a rate that is reminiscent of the rise during the Great Depression of 2008. Many American consumers are...

Nio Shares Drop 5 percent Amid Reports of Possible $3 Billion Fundraising Move

Business
Chinese electric vehicle manufacturer Nio (NYSE:NIO) saw a more than 5% drop in pre-market trading following reports that the company is contemplating raising an...

Bloom Energy a Buy Stock at HSBC, Stock Gains 2 percent

Business
Bloom Energy (NYSE:BE) share rose more than 2% intra-day today after HSBC analysts started coverage on the company with a Buy rating and a...

Dow Earns an Upgrade at JPMorgan

Business
Dow (NYSE:DOW) was upgraded by JP Morgan analysts, who raised the rating on the industrial conglomerate from Neutral to Overweight and maintained a $55...

Nike Stock Receives Another Downgrade

Business
Nike (NYSE:NKE) received its fourth downgrade on Wall Street this year, with Jefferies analysts cutting the footwear giant’s rating from Buy to Hold and...

AT&T Stock a Strong Buy at Raymond James

Business
Raymond James analysts updated their Analyst Current Favorites list, which showcases preferred stock recommendations from the Equity Research team. In the latest update, they've...

CWEB Summarized Business Newsletter September 25, 2023

Business
A shutdown of the federal government in the United States is imminent. Who is affected by this, and what will happen next? While essential...

NBC Universal’s USA Network signs blockbuster deal for return of WWE’s Friday Night Smackdown

Business
NBC Universal (CMCSA) has signed a deal with popular event WWE’s Friday Night Smackdown with TKO Group Holdings, on Thursday and wrestling web fans...

More GM and Stellantis operations are hit by UAW strikes, which have stretched to 38 sites across 20 states.

Business
On Friday, 38 General Motors (GM.N) and Stellantis (STLAM.MI), part-distribution locations in 20 states were affected by the United Auto Workers union's expansion of...

Recall Alert:FXI Recalls Novaform ComfortGrande and DreamAway Mattresses Due to Risk of Mold Exposure Sold Exclusively at Costco

Business
Recall Alert:FXI Recalls Novaform ComfortGrande and DreamAway Mattresses Due to Risk of Mold Exposure; Sold Exclusively at Costco The hazard reports that the manufacturing procedure...

CorePower Yoga Allegedly Violated the Video Privacy Protection Act (VPPA)- Subscribers May Be Eligible for $2500 from Class Action Lawsuit

Business
Your privacy rights may have been infringed if you are a CorePower Yoga subscriber who has streamed on-demand classes on the website, and if...

Starbucks is being sued over claims that the fruit in its Refresher fruit drinks is missing.

Business
Starbucks (SBUX), a company known for its innovative coffee and beverage creations, now finds itself at the center of a legal battle over the...

Ralph Lauren is an Outperform Stock at Raymond James

Business
Raymond James initiated coverage of Ralph Lauren (NYSE:RL) with an Outperform rating and a price target of $135 per share. According to the analysts,...

Beyond Meat is an Underweight at Piper Sandler

Business
Piper Sandler analysts lowered Beyond Meat (NASDAQ:BYND) price target from $6.00 to $3.00 while maintaining an Underweight rating. The analysts' bearish outlook is based...

Meta Platforms a Top Pick at Citi

Business
Citi analysts reaffirmed a Buy rating and a $385.00 price target for Meta Platforms (NASDAQ:META). The analysts noted that Reels ad loads have reached...

International Paper Company Raised to Buy at Truist

Business
Truist upgraded International Paper Company (NYSE:IP) from Hold to Buy and has raised the price target from $30 to $43 per share in a...

Barclays Expects Tesla Q3 Deliveries to Miss Estimates

Business
Barclays analysts reiterated an Equalweight rating on Tesla (NASDAQ:TSLA) and maintained a price target of $260. The analysts anticipate that Tesla's Q3 deliveries will...

CWEB Summarized Business Newsletter September 22, 2023

Business
Nearing the close of a week in which the stock market fell sharply, the S&P 500 showed little movement on Friday afternoon. While the...

Clorox hack attack leads to bleach, cat litter, disinfectants, wipes, cleaner shortages, earnings could dip

Business
Clorox Co. (CLX) said that there were product shortages across the nation in all its product categories after an attack on its information technology...

Splunk Stock Jumps 20 percent on Cisco’s Acquisition Announcement

Business
Cisco Systems (NASDAQ:CSCO) and Splunk (NASDAQ:SPLK) have reached a definitive agreement, with Cisco planning to purchase Splunk for $157 per share in cash, amounting...

Lululemon Athletica’s Strong Buy Rating Reiterated at Raymond James

Business
Raymond James analysts reaffirmed their Strong Buy rating on Lululemon Athletica (NASDAQ:LULU) and maintained a price target of $440.00. The analysts’ assessment highlighted Lululemon's status...

Mizuho is Enthusiastic About Western Digital

Business
Mizuho analysts are enthusiastic about Western Digital (NASDAQ:WDC) as a strong long-term investment. They see the company as a compelling opportunity due to under-ownership...

Five9 Upgraded to Buy at Deutsche Bank

Business
Deutsche Bank analysts revised their position on the software company Five9 (NASDAQ:FIVN) in a note issued on Thursday. The firm has upgraded its rating...

Broadcom Stock Drops 2 percent on Possible Partnership End With Alphabet

Business
Alphabet (NASDAQ:GOOGL) is reportedly considering ending its reliance on Broadcom (NASDAQ:AVGO) as a supplier of high-end chips, specifically the AI chips known as tensor...

Rupert Murdoch, the iconic media mogul of Fox Corporation is Stepping Down

Business
Rupert Murdoch, the iconic media mogul who has shaped the global media landscape for decades, has stepped down as chairman of both 21st Century...

Advanced AI improves features in new generation Apple Air Pods Pro with USB-C

Business
Apple (AAPL) is releasing its second generation AirPods Pro later this month along with its newest iPhone and Apple Watches. This is the second...

CWEB Summarized Business Newsletter September 21, 2023

Business
The stock market continues to fall as Wall Street prepares for "higher for longer" interest rates. The Dow Jones Industrial Average (DJI) fell 0.6%,...

Jack Dorsey Takes Over Square for Now as Alyssa Henry, the CEO of Square, Steps Down

Business
Alyssa Henry, the CEO of Square, is stepping down, and Jack Dorsey will take over in the meantime. The CEO of Square, a division of...

General Mills Reports Better Than Expected Q1 Earnings Results

Business
General Mills (NYSE:GIS) reported a decline in adjusted earnings for the first quarter, but it still exceeded expectations. This achievement can be attributed to...

CVS Health Raised to Outperform Rating at Evercore

Business
CVS Health (NYSE:CVS) saw a nearly 2% gain yesterday as Evercore ISI analysts upgraded their rating on the healthcare company from in line to...

Micron Technology’s Price Target Raised Ahead of Q4 Earnings Report

Business
Goldman Sachs analysts increased their price target for Micron Technology (NASDAQ:MU) to $85.00 from $80.00 while maintaining a Buy rating ahead of the company's...

IBM Rated Outperform at RBC Capital, Stock Surges 3 percent

Business
RBC initiated coverage on IBM (NASDAQ:IBM) with an Outperform rating and a $188 per share price target, the highest on the Street. As a...

Pinterest Stock Jumps 4 percent Following Two Upgrades

Business
Pinterest (NYSE:PINS) saw more than a 4% surge intra-day today after two Wall Street analysts upgraded it to a Buy rating. They were impressed...

CWEB Summarized Business Newsletter September 20, 2023

Business
A delay in further rate hikes is widely anticipated by the Federal Reserve today, providing some relief from rising rates for savers and borrowers....

Elon Musk suggests a ‘small monthly charge’ for all users of X formerly called Twitter

Business
Tesla CEO Elon Musk, who is also the owner of X a platform that was formerly called Twitter, suggested on Monday that he would...

Google’s announces major expansion of its Bard AI chatbot

Business
Google's (GOOGL) brings a major expansion of its Bard AI chatbot. Google remains at the forefront of innovation in the rapidly developing field of...

Carnival Receives an Upgrade Ahead of Q3 Earning Report

Business
The analysts at Truist Securities upgraded Carnival Corporation (NYSE:CCL) from a Sell rating to a Hold rating, with a revised price target of $17.00,...

Stitch Fix Stock Jumps 9 percent Despite Disappointing Quarterly Results

Business
Stitch Fix (NASDAQ:SFIX) saw a more than 9% increase in its stock intra-day today despite disappointing Q4 results and guidance. The company reported a loss...

Lazard Stock Falls 2 percent on Goldman Sachs Downgrade

Business
Lazard (NYSE:LAZ) share fell more than 2% intra-day today after Goldman Sachs analysts downgraded the company to Sell from Neutral, setting a price target...

Disney Announces Plans to Expand Investment in Parks, Shares Drop 3 percent

Business
Walt Disney (NYSE:DIS) announced its intention to significantly increase investments in its Disney Parks, Experiences, and Products segment. Over approximately a decade, Disney plans...

FBI Echoes Warning on Danger of Artificial Intelligence

Business
WASHINGTON — Just as many in the United States are starting to explore how to use artificial intelligence to make their lives easier, U.S. adversaries...

CWEB Summarized Business Newsletter September 19, 2023

Business
As Wall Street awaited the outcome of this week's Federal Reserve policy meeting, stocks fell on Tuesday. There was a loss of 297 points...
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