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Business

CWEB Business News details perks offered by $0 annual fee OnePay CashRewards Card launched by Walmart

CWEB Business News – In a strategic move to deepen customer loyalty and capture a larger share of consumer spending, Walmart Inc., (WMT) the...
Business

CWEB Business News Stanford Study: AI Adoption Drives 13% Employment Decline for Young U.S. Workers in Exposed Fields

A new study from Stanford University provides some of the first large-scale evidence that the rise of artificial intelligence is having a tangible and...
Business

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...

Smucker to buy Twinkies for $5.6 billion, Hostess Brands shares rise, Smucker shares fall

Business
J M Smucker (SJM) has agreed to buy Hostess Brands, the popular manufacture of Twinkies and other popular snack foods. The giant jam, jelly,...

CWEB Summarized Business Newsletter September 12th, 2023

Business
Oracle, the market leader in artificial intelligence, reported weaker-than-expected earnings for the second quarter, sending the stock market tumbling on Tuesday. The ceremony to...

Your Money: New York Fed Survey Reports People Fear Limited Access to Credit- How If Affects You

Business
According to the August Survey of Consumer Expectations, median inflation expectations decreased slightly to 2.8 percent at the medium-term horizon and increased slightly at...

Immatics Surges 6 percent on the Deal With Moderna

Business
Shares of Immatics (NASDAQ:IMTX) surged more than 6% in pre-market today following the announcement of a cancer drug collaboration with vaccine giant Moderna (NASDAQ:MRNA),...

Crinetics Pharmaceuticals Jumps 66 percent Following Hormonal Disorder Drug Results

Business
Crinetics Pharmaceuticals (NASDAQ:CRNX) witnessed a significant 66% surge in its stock price intra-day today following the announcement of positive trial results for its experimental...

Block Designated as Bullish Fresh Pick at Baird

Business
Baird analysts maintained their Outperform rating on Block (NYSE:SQ) and upgraded it to a Bullish Fresh Pick designation in response to a recent market...

Qualcomm Technologies Stock Gains 3 percent on Agreement with Apple

Business
Qualcomm Technologies (NASDAQ:QCOM) announced a significant agreement with Apple (NASDAQ:AAPL) to supply high-end chips for Apple's smartphones. This partnership will cover product launches in...

Tesla Upgraded at Morgan Stanley, Stock Surges 7 percent

Business
Morgan Stanley analysts upgraded Tesla (NASDAQ:TSLA) to Overweight and designated it as a Top Pick, setting a price target of $400 per share, which...

CWEB Summarized Business Newsletter September 11th, 2023

Business
Traders On Wall Street are anticipating economic data that will help them form opinions on how close the Federal Reserve is to ending its...

Most car companies collect private information but Nissan, Kia might collect sexual information, watchdog says

Business
In today's connected world where electronic devices are synced with cars, homes and more, a lot of data is collected across platforms. An internet...

Your Money: Social Security recipients might anticipate a rise in 2024

Business
Social Security serves as a vital source of income for millions of Americans. A preliminary estimate of a 3% COLA increase for Part B...

Toyota has unveiled a new Century model that resembles an SUV for $170.000

Business
The Toyota Century (TM), a symbol of Japanese automotive luxury, was exclusively crafted for the domestic market. Its stately design and opulent interior catered...

CWEB Summarized Business Newsletter September 9th 2023

Business
Every Thursday in September, Starbucks (SBUX) will be giving away free drinks to help you transition into fall. The "September ThursYays" BOGO deal (buy...

Smartsheet Stock Jumps 6 percent Following Strong Q2 Results

Business
Smartsheet (NYSE:SMAR) shares gained more than 6% intra-day today following the release of its second-quarter results, which exceeded expectations. In the second quarter, the...

Gilead Sciences Stock Gains 3 percent on BofA Upgrade

Business
BofA Securities analysts upgraded Gilead Sciences (NASDAQ:GILD) from a Neutral rating to a Buy, with a revised price target of $95.00, up from the...

Apple’s Price Target Cut at JPMorgan

Business
JPMorgan analysts adjusted their price target for Apple (NASDAQ:AAPL) to $230.00, down from the previous target of $235.00, while maintaining an Overweight rating. The bank’s...

RH Stock Plunges 12 percent on Disappointing Guidance

Business
RH (NYSE:RH) shares dropped more than 12% intra-day today after the company reported its second-quarter results. The earnings per share (EPS) came in at...

Kroger Gains 4 percent on Q2 EPS Beat

Business
Kroger (NYSE:KR) shares rose more than 4% intra-day today after the company reported its second-quarter results, with earnings per share (EPS) of $0.96 surpassing...

Kroger and Albertsons to sell more than 400 stores for about $2 billion to C&S Wholesale Grocers, reports say

Business
Kroger (KO) and Albertsons (AIC) are hoping to close a major deal that would help them get regulatory clearance in the U.S. As part...

CWEB Summarized Business Newsletter September 7th and 8th 2023

Business
Spectrum has yet to restore ABC7, ESPN, and other cable channels. As the two companies continue to work on a new agreement, Spectrum subscribers...

C3.ai Drops 12 percent Following Q2 Report

Business
C3.ai (NYSE:AI) reported fiscal first quarter results on Wednesday that exceeded analysts' expectations, but the software maker now anticipates broader annual losses and no...

Semtech Earns an Upgrade at Needham

Business
Needham & Company analysts upgraded Semtech (NASDAQ:SMTC) from a Hold to a Buy rating and assigned a price target of $35.00. The analysts’ decision to...

Verint Systems Drops 15 percent Following Q2 Results

Business
Verint Systems (NASDAQ:VRNT) experienced a 15% decline intra-day today due to the company's announcement of a full-year sales outlook that fell short of expectations. In...

BlackBerry Plunges 12 percent on Weak Q2 Preliminary Results

Business
BlackBerry (NYSE:BB) witnessed a significant intra-day drop of over 15% today following the release of preliminary second-quarter results that fell short of expectations. Although analysts...

Chargepoint Drops 26 percent on Q2 Miss

Business
Chargepoint (NYSE:CHPT) shares dropped more than 26% intra-day today after the company announced its Q2 results, with earnings per share (EPS) of ($0.35) missing...

NHTSA is seeking to have 52 million Airbags Recalled Made by ARC Automotive and Delphi Automotive

Business
  Consumers Should Be Aware-DO NOT DRIVE warnings have been issued for certain vehicles that are at a far higher risk for an air bag...

CWEB Summarized Business Newsletter September 6th 2023

Business
On Wednesday, when investors sold short-term U.S. debt due to concerns about further rate hikes from the Federal Reserve, Treasury rates increased. Two-year yield...

Bill Gates Invests $100 million in Bud Light

Business
During and after the Bud Light’s partnership with transgender influencer Dylan Mulvaney, loyal customers refused to drink the iconic American beer. The marketing scheme...

Roku Announces 10 percent Workforce Cut & Raises Q3 Forecast

Business
Roku (NASDAQ:ROKU) is set to trim its workforce by roughly 10% as part of its ongoing efforts to manage the growth rate of its...

Chipotle Mexican Grill a Bullish Fresh Pick at Baird

Business
Baird analysts updated the firm's research coverage of restaurant stocks, noting an appealing short-term trading opportunity due to potential positive catalysts in the coming...

GitLab Surges 4 percent on Q2 Beat & Strong Guidance

Business
GitLab (NASDAQ:GTLB) reported robust Q2 results that have exceeded expectations and subsequently raised its full-year outlook, causing its shares to surge by more than...

Block Slashed to Neutral at UBS

Business
UBS analysts downgraded Block (NYSE:SQ) from a Buy to a Neutral rating while also lowering the stock's price target from $102 to $65. This...

Asana Shares Drop 12 percent Despite Q2 Beat

Business
Asana (NYSE:ASAN) shares fell more than 12% intra-day today despite the company reporting better-than-expected Q2 results. The company reported a loss of $0.04 per share,...

CWEB Summarized Business Newsletter September 5th 2023

Business
Arm Holdings Ltd, the chip designer subsidiary of SoftBank Group (9984.T), began its IPO roadshow on Tuesday, hoping to convince investors that the company...

Lowe’s Upgraded to Outperform at Bernstein

Business
Bernstein analysts upgraded Lowe's (NYSE: LOW) from a Market Perform rating to an Outperform rating. In a note issued on Tuesday, the analysts raised...

Oracle Upgraded at Barclays, Shares Gain 2 percent

Business
Barclays analysts upgraded Oracle (NYSE:ORCL) from an Equal Weight rating to an Overweight rating. The new price target for the stock is set at...

Broadcom Posts Q3 Beat, Guidance Slighly Worse Than Expected

Business
Broadcom (NASDAQ:AVGO) reported its Q3 earnings, revealing an EPS of $10.54, surpassing the analyst projection of $10.43. The revenue for the quarter reached $8.88...

HashiCorp Reports Q2 Beat & Strong Guidance

Business
HashiCorp (NASDAQ:HCP) reported its Q2 results, with earnings per share (EPS) of ($0.10), which surpassed the Street estimate of ($0.15). The company's revenue stood...

Employees Suffer While Congress and Businesses Argue Over the Necessity of Heat Regulations

Business
  Sometimes the heat makes you vomit, said Carmen Garcia, a farmworker in the San Joaquin Valley of California. She and her husband spent July...

SentinelOne Surges 3 percent on Q2 Beat

Business
SentinelOne (NYSE:S) shares gained more than 3% on Friday after the cybersecurity firm outperformed analysts' expectations for its second-quarter results. The company disclosed a revenue...

PagerDuty Shares Drop 7 percent on Weak Guidance

Business
PagerDuty (NYSE:PD) experienced a decline of over 7% on Friday following the company's issuance of a forecast that fell short of expectations. Second quarter earnings...

Elastic Shares Jump 20 percent Following Strong Q1 Results

Business
Elastic (NYSE:ESTC) shares jumped more than 20% on Friday after the company released its first-quarter results, which significantly exceeded expectations. The revenue achieved a total...

Nutanix Shares Surge 12 percent Following Strong Q4 Results

Business
Nutanix (NASDAQ:NTNX) shares closed with more than a 12% gain on Friday following the release of the company's Q4 financial results. The earnings per share...

Apple announces iPhone 15 release date, here are some rumored features

Business
Apple has announced the launch date for its flagship phone as September 12. However, the tech company's teaser has not mentioned any of its...

Lululemon Athletica Stock Surges 6 percent on Q2 Beat & Raised Guidance

Business
Lululemon Athletica (NASDAQ:LULU) shares rose more than 6% on Friday after the company surpassed expectations for the quarterly results and adjusted its outlook. The retailer...

Dell Stock Jumps 21 percent Following Strong Q2 Beat

Business
Dell Technologies (NYSE:DELL) shares surged more than 21% on Friday after the company reported its second-quarter earnings that significantly exceeded expectations. Dell posted adjusted...
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