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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

Amazon To Hold Prime Big Deal Days in October, shop and get deep discounts

Business
Amazon (AMZN) is back with a big sale for its Prime members. The giant retailer has announced the dates of its second sale of...

Buy a Home in These Three States to Get Student Loan Repayment Assistance

Business
Do you have a college degree and outstanding student loans? Are you interested in moving to a rural community in Kansas? You may be...

UAW strike day four. Ford eliminates 600 jobs while GM threatens to send 2,000 worker’s home.

Business
The United Auto Workers union has made this its main point of contention: If Detroit's three automakers increased CEO pay by 40% over the...

Apple Shares Gain Following Analysts’ Comments on Strong iPhone 15 Demand

Business
Apple (NASDAQ:AAPL) shares rose more than 2% intra-day today as several analysts reported strong demand for the iPhone 15. Delivery times for the iPhone...

Skechers Stock Upgraded to Overweight at Piper Sandler

Business
Skechers USA (NYSE:SKX) received an upgrade from Piper Sandler analysts, who shifted the stock rating from Neutral to Overweight and raised the price target...

Planet Fitness Slashed to Hold After CEO Chris Rondeau’s Exit

Business
Jefferies analysts downgraded Planet Fitness (NYSE:PLNT) from Buy to Hold and lowered the price target from $90 to $56 per share. The downgrade comes...

DoorDash Stock Gains 2 percent on Upgrade

Business
DoorDash (NYSE:DASH) shares rose more than 2% intra-day today following an upgrade by Mizuho Securities analysts. The analysts upgraded the stock from Neutral to...

Micron Technology Stock is a Buy at Deutsche Bank

Business
Deutsche Bank analysts upgraded Micron Technology (NASDAQ:MU) to Buy from Hold and raised its price target to $85.00 from $65.00. The analysts cited a faster-than-expected...

Morgan Stanley introduces AI Open the makers of ChatGPT, to Financial Advisors for wealthy clients

Business
  Leading global financial services company Morgan Stanley (MS) has made a significant advancement by releasing a cutting-edge generative AI assistant designed specifically for its...

CWEB Summarized Business Newsletter September 18, 2023

Business
Monday afternoon stocks inched up as Wall Street prepared for the next interest rate decision from the Federal Reserve. We will be listening to...

CWEB Summarized Business Newsletter September 17, 2023

Business
After a volatile week, US equities closed substantially lower on Friday, as Treasury yields rose as investors' risk appetite was reduced by falling chip...

Disney says ABC and Stations sale talks with Nexstar ‘unfounded’, keeps ‘strategic options’ open

Business
The Walt Disney Company (DIS) had been in talks with Nexstar Media Group for a potential sale of ABC including its eight local stations,...

CWEB Summarized Business Newsletter September 16, 2023

Business
Instacart, a supermarket delivery service, has increased its IPO price goal by $2, to $28-$30, after the successful debut of British chip designer Arm...

Web 3 company Cool Cats to feature balloons at Macy’s Thanksgiving Day parade

Business
  Every November, the nation celebrates one of the most looked forward to holidays in the U.S. Thanksgiving is a major celebration. There are many...

Career Advice: The Best and Worst States to Pursue a Career in Search Engine Optimization SEO

Business
California takes 5th spot for best state to pursue a career in SEO- the yearly average salary an impressive $96,193.88. New York is the best...

13,000 US Auto Workers Strike Asking for Better Wages, Benefits

Business
In a significant development in the American labor landscape, 13,000 auto workers from across the United States have gone on strike, demanding improved wages...

HP Drops on Berkshire Hathaway’s Stake Cut

Business
HP (NYSE:HPQ) witnessed a decline of nearly 2% yesterday after it was revealed that Warren Buffett's Berkshire Hathaway sold approximately $158.5 million worth of...

Cousins Properties Upgraded to Buy at Truist

Business
Truist Securities analysts upgraded Cousins Properties (NYSE:CUZ) from Hold to Buy, setting a price target of $28.00, up from $27.00. The analysts noted that...

Etsy Upgraded at Wolfe Research

Business
Wolfe Research analysts upgraded Etsy (NASDAQ:ETSY) from Peerperform to Outperform with a $100.00 price target. Despite a year-to-date decline in Etsy's stock, the analysts...

Virtu Financial Stock Weakness is an Opportunity

Business
Citi analysts raised their rating for Virtu Financial (NASDAQ:VIRT) from Neutral to Buy with a $20.00 price target. This upgrade comes after Virtu's stock...

Adobe Systems Reports Q3 Beat

Business
Adobe Systems (NASDAQ:ADBE) announced its Q3 earnings, reporting an EPS of $4.09, surpassing the Street estimate by $0.12, which was projected at $3.97. The...

Chip Maker ARM Stock Pops in IPO Debut With a $60 Billion Valuation

Business
Thursday saw the Nasdaq debut of UK-based chip designer Arm, selling at roughly $56 per share, or 10% more than its initial price offering....

The Future of Global eCommerce: See Which Country Leads the eCommerce Market

Business
Ever wondered which country leads the eCommerce market in terms of value? Or how does your region compete in this digital era against global...

CWEB Summarized Business Newsletter September 15, 2023

Business
President Joe Biden said he will send two members of his team to Detroit to engage both sides in talks to resolve the strike...

Apple launches iPhone 15 models, Apple Watch Series 9, Ultra 2 at fall event, stocks dip

Business
Apple (AAPL) launched its fall devices on September 12, and these included iPhone 15 models as well as Apple Watch Series 9. The fall...

Beyond Meat Started With Underperform at TD Cowen, Shares Drop 5 percent

Business
TD Cowen analysts initiated coverage on Beyond Meat (NASDAQ:BYND) with an Underperform rating and a price target of $10. As a result, shares dropped...

Rivian Automotive Initiated With Neutral at UBS

Business
UBS analysts initiated coverage on Rivian Automotive (NASDAQ:RIVN) with a Neutral rating and a price target of $26.00. The analysts believe Rivian has significant growth...

Visa Stock Drops on Potential Sale of Shares By Major Banks

Business
Visa (NYSE:V) shares fell more than 3% intra-day today after the company launched a process allowing major U.S. banks, including JPMorgan Chase, Citigroup, and...

Adobe Systems Announces New AI Pricing

Business
Adobe (NASDAQ:ADBE) announced pricing for its generative AI imaging tool, Firefly. This tool is now available across Adobe's platforms. Subscribers will receive a specific...

Delta Air Lines Updates Q3 Guidance

Business
Delta Air Lines (NYSE:DAL) updated its Q3 forecast, expecting adjusted EPS to fall between $1.85 and $2.05, down from the prior range of $2.20...

CWEB Summarized Business Newsletter September 14, 2023

Business
For the first time in three days, the Dow Jones Industrial Average rose as investors responded positively to positive economic data and the initial...

UFC-WWE merger called TKO Group Holdings Inc goes public, Dana White, Vince McMahon attend

Business
TKO Group Holdings Inc. went public on Tuesday. The much-awaited merger between Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) opened to trading...

Spirit Airlines Plunges 4 percent on Q3 Guidance Cut

Business
Spirit Airlines (NYSE:SAVE) revised its Q3 revenue outlook, leading to a nearly 4% decline in pre-market trading today. Spirit Air now projects Q3 sales to...

Acelyrin Stock Crashes on Disappointing Trial Results

Business
Acelyrin (NASDAQ:SLRN) shares closed with a 54% loss yesterday and are currently trading more than 19% lower intra-day today due to disappointing results from...

Rocket Pharmaceuticals Shares Jump 40 percent on Alignment with FDA

Business
Rocket Pharmaceuticals (NASDAQ:RCKT) shares jumped more than 40% intra-day today after the company announced an agreement with the U.S. FDA regarding the Phase 2...

Veeco Instruments Started With a Buy Rating at Citi

Business
Citi analysts initiated coverage on Veeco Instruments (NASDAQ:VECO) with a Buy rating and a price target of $35.00. As a result, shares rose more...

Moderna Stock Surges 6 percent on Expectations of Up to $15 Billion in Sales From New Drugs

Business
Moderna (NASDAQ:MRNA) shares gained more than 6% intra-day today after the company revealed its projection of generating $10 billion to $15 billion in annual...

Apple Pledges to Be Carbon Neutral by 2030 and Introduces USB Charging

Business
Apple revealed at its iPhone 15 presentation that all of its upcoming devices, along with the most recent model of its AirPods Pro, will...

Meta is working on a new AI model more powerful than GPT-4

Business
According to a story in the Wall Street Journal, Meta is creating a new, more powerful AI system. Meta is preparing to train a...

CWEB Summarized Business Newsletter September 13th, 2023

Business
Wednesday's stock gains came after investors digested a core inflation reading for August that was much higher than expected. A rise of 50 points,...

McDonalds is Getting Rid of Self-Serve Soda Fountains

Business
Almost gone are the days where the server at fast food chain McDonald’s (MCD) hands you a cup you fill up and refill at...

Coca-Cola Y3000 Newest Flavor Developed with AI Technology

Business
The largest beverage corporation in the world, Coca-Cola (KO), has always been at the forefront of innovation, working hard to improve the customer's taste...

Oracle Stock Drops 10 percent on Weak Outlook

Business
Oracle's fiscal first-quarter results, released on Monday, exceeded analysts' expectations thanks to growing demand for cloud services driven by businesses' efforts to develop generative...

Enphase Energy Slashed to Hold at Truist Securities

Business
Truist downgraded Enphase Energy (NASDAQ:ENPH) from a Buy rating to a Hold, along with lowering the price target from $210 to $135. The analysts...

Coinbase’s Stock Impressive YTD Gain is Unsustainable

Business
Coinbase (NASDAQ:COIN) shares have surged by an impressive 124% year-to-date, but Mizuho analysts believe that this rapid rise is not sustainable. Bitcoin prices have also...

Sight Sciences Plunges 46 percent Following Full Year Guidance Cut

Business
Sight Sciences (NASDAQ:SGHT) revised its revenue expectations for the year due to uncertainties surrounding the Medicare coverage for its products. Shares plummeted more than...

GoDaddy Gains 4 percent as Activist Investor Urges a Potential Sale

Business
GoDaddy (NYSE:GDDY) shares are on the rise (up 4% intra-day today) following a letter from activist investor Starboard Value, which indicated the presence of...

‘Dr. Google’ Meets Its Match: Dr. ChatGPT

Business
As a fourth-year ophthalmology resident at Emory University School of Medicine, Riley Lyons’ biggest responsibilities include triage: When a patient comes in with an...
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