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Business

CWEB Fashion News Exclusive: Chanel Unveils Exquisite New COCO CRUSH Creations for 2025

In a dazzling fusion of timeless elegance and innovative craftsmanship, Chanel introduces its latest COCO CRUSH creations, redefining luxury with a contemporary edge. CWEB Fashion News is delighted to present...
Business

CWEB Business News Analysis: OpenAI CEO Sam Altman Warns ChatGPT Conversations Lack Privilege Protection, Creating Legal Exposure for Users

In a striking revelation with profound implications for both individual users and corporate entities, OpenAI CEO Sam Altman has confirmed that ChatGPT conversations carry no legal privilege...
Business

IHOP adds biscuit menu nationwide in restaurants, online to boost slow sales

Business
Dine Brands that includes the IHOP chain and Applebee’s, has rolled out its biscuit menu through the IHOP chain, nationwide. Once available only in...

Why does Sundial Growers (SNDL) carry a strong rating from Wall Street observers?

Business
Sundial Growers, Inc. (NASDAQ:SNDL) engages in the cultivation of cannabis as well as the processing and sale of alcoholic drinks through its own retail...

CWEB Summarized Business Newsletter August 28th 2023

Business
After announcing on Monday that it would invest an additional $1.7 billion this year to complete its three data center facilities in central Ohio,...

Tesla Faces Landmark Trial Following Tragic Autopilot Fatality

Business
Tesla is at the focus of its first trial involving a deadly accident connected to its Autopilot system in a landmark legal dispute that...

Retail Giant Nordstroms Closes its San Francisco Flagship Store After 35 Years

Business
  After 35 years of operation, retail giant Nordstrom (JWN) has made the difficult decision to close its iconic San Francisco store. The closure marks...

CrowdStrike Slashed to Equal Weight Ahead of Upcoming Q2 Earnings

Business
Morgan Stanley downgraded CrowdStrike (NASDAQ:CRWD) from an Overweight to an Equal Weight rating and revised the price target by $11 to $167 per share....

Jabil to Sell its China Mobility Business to BYD, Shares Jump 8 percent

Business
BYD Electronic, a subsidiary of electric vehicle manufacturer BYD, entered into an acquisition arrangement with Jabil Circuit to purchase full ownership of Juno Newco...

Tetra Tech Started With Outperform at RBC Capital

Business
RBC Capital analysts started coverage of Tetra Tech (NASDAQ:TTEK) with an Outperform rating and a price target of $181.00. The analysts noted that Tetra Tech...

Microsoft is well-positioned to become the central ‘operating system for AI’

Business
The cloud industry is still in its early stages of growth, and according to Oppenheimer analysts, the adoption of artificial intelligence (AI) will play...

3M stock surges 4 percent on reported $5.5 billion earplugs lawsuits settlement

Business
3M (NYSE:MMM) shares gained more than 4% intra-day today following reports that the company reached an agreement to pay over $5.5 billion to resolve...

Code Llama, an AI model that creates code, is released by Meta.

Business
Meta is currently vigorously embracing open-source projects in its pursuit to distinguish itself in the competitive generative AI market. This state-of-the-art code-generating AI model holds...

Inflation Is Said to Be “Too High” Fed Chair Powell Who Affirms That “We Are Prepared to Raise Rates Further.”

Business
Jerome Powell, the chair of the Federal Reserve, warned that there may be more interest rate increases to come and urged greater caution in...

Dollar Tree fiscal quarter results exceed analysts’ expectations, shares fall due to ‘challenging’ economy

Business
Dollar Tree (DLTR) reported its fiscal quarter results and it exceeded analysts' expectations. However, the shares of the discounter fell to a 52-week low...

Marvell’s selloff continues even after Q2 beat

Business
Marvell Technology (NASDAQ:MRVL) saw a decrease of over 4% in pre-market today, despite the company outperforming Q2 earnings expectations. This decline follows a nearly...

Netflix’s Upgraded, Price Target Raised to $500

Business
Loop Capital raised its rating on Netflix (NASDAQ:NFLX) stock from Hold to Buy and increased the price target by $75 to $500 per share. Previously,...

Workday Reports Better Than Expected Q2 Results

Business
Workday (NASDAQ:WDAY) reported Q2 EPS of $1.43, which surpassed the Street estimate of $1.26. Additionally, revenue experienced a 16.3% year-over-year growth, reaching $1.79 billion,...

Peloton Interactive Receives a Downgrade by BofA Following Weak Q4 Results

Business
BofA Securities analysts revised their rating on Peloton Interactive (NASDAQ:PTON) from Buy to Neutral and set a new price target of $6.50, down from...

Nordstrom Shares Plunge 11 percent on Revenue Miss & Record Level of Theft

Business
Nordstrom (NYSE:JWN) shares dropped more than 11% intra-day today after the company announced its Q2 results, with revenue of $3.62 billion, lower than the...

Peloton shares fall after quarter results, demand for bikes and treadmills are less than expected

Business
Peloton (PTON) released its recent quarter report on Wednesday and shares fell by more than 26 percent in pre-market trading. The bike and treadmill...

T-Mobile Lays Off 5,000 Employees

Business
T-Mobile (TMUS) revealed on Thursday that it intends to fire 5,000 workers, or around 7% of its whole workforce, over the next five weeks. T-Mobile's...

Subway Sandwich Chain Sells for $9.55 Billion to Roark Capital but There Are Terms

Business
In a bold move, the sandwich chain Subway, which is owned by DeLuca and Buck families has been sold to Roark Capital for $9.95...

CWEB Summarized Business Newsletter August 24th 2023

Business
On Thursday, Subway announced its acquisition by Roark Capital, a private equity firm specializing in restaurant management. This strategic move is expected to facilitate...

Dollar Tree Drops 7 percent on EPS Guidance Miss

Business
Dollar Tree (NYSE:DLTR) stock experienced a 7% decrease in pre-market today, as the company revealed lower-than-anticipated profits for the third quarter. The company's projected...

Amazon’s Price Target Raised at Piper Sandler

Business
Piper Sandler increased the price target on Amazon.com (NASDAQ:AMZN) from $175.00 to $185.00, while reiterating an Overweight rating. The analysts suggest that a reevaluation...

Splunk stock jumps 13 percent on Strong Q2 Beat

Business
Shares of Splunk (NASDAQ:SPLK) surged more than 13% intra-day today following the company’s impressive Q2 performance, surpassing revenue and profit expectations. During the quarter, the...

NetApp Posts Better Than Expected Q1 Results

Business
NetApp (NASDAQ:NTAP) released its Q1 results that exceeded expectations. The company achieved an earnings per share (EPS) of $1.15, surpassing the Street estimate of...

Autodesk Shares Gain 2 percent Following Q2 Earnings Report

Business
Autodesk (NASDAQ:ADSK) witnessed a rise of over 3% in its share price intra-day today subsequent to the announcement of its Q2 results. The company's earnings...

CWEB Summarized Business Newsletter August 23rd 2023

Business
As the AI hype train continues to push markets higher, Nvidia (NVDA) revealed second quarter earnings Wednesday after the bell that blew beyond already...

Dick’s Sporting Goods posts weak quarterly earnings, Macy’s financial forecast is cautious, shares fall

Business
Dick’s Sporting Goods (DKS) and Macy's (M) recently announced their quarterly results that were weak and also provided weak forecasts for the rest of...

Netflix Positioned to Accelerate its Average Revenue Per Membership

Business
Oppenheimer said that Netflix (NASDAQ:NFLX) has a clearly defined pathway for accelerating its average revenue per membership (ARM), with reduced risks in its bear-case...

Bath & Body Works Reports Q2 Beat But Weak Outlook

Business
Bath & Body Works (NYSE:BBWI) released its second-quarter results, which surpassed expectations. However, a less favorable outlook for the company's performance than initially anticipated...

Meta CEO Mark Zuckerberg makes Threads available on desktop

Business
To position itself as a serious competitor to Elon Musk's X, formerly known as Twitter, Meta (META) CEO Mark Zuckerberg revealed on Tuesday that...

Lionsgate Studios Brings Back Mask Mandate in Offices

Business
The increased number of COVID-19 cases reported in Los Angeles has led Hollywood studio Lionsgate to reinstate mask mandates for several of its employees. In...

CWEB Summarized Business Newsletter August 22nd 2023

Business
An in-depth investigation of Qualcomm's (QCOM.O) acquisition of Israeli auto-chip maker Autotalks is set to begin on Wednesday, Politico reported on Tuesday, citing people...

Fabrinet Shares Surge 19 percent on Strong Q4 Beat

Business
Fabrinet (NYSE:FN) shares jumped more than 19% pre-market today, driven by the release of its Q4 financial results. The company reported earnings per share...

Edison International Upgraded to Buy at Mizuho Securities

Business
Mizuho Securities upgraded Edison International (NYSE:EIX) to Buy from Neutral and raised its price target on the stock to $75.00 from $73.00. The analysts believe...

Zoom Reports Better Than Expected Q2 Earnings

Business
Zoom (NASDAQ:ZM) released its Q2 financial results yesterday. The company's earnings per share (EPS) for the quarter amounted to $1.34, surpassing the Street estimate...

Nordson Posts Q3 Revenue Miss, Guidance Narrowed

Business
Nordson (NASDAQ:NDSN) reported its Q3 results yesterday, with revenue for the quarter coming in at $649 million, representing a 2% decline compared to the...

Baidu Stock Gains 4 percent on Q2 Beat

Business
Baidu (NASDAQ:BIDU) shares gained over 4% intra-day today following the release of its financial results for the second quarter. Revenue for the quarter came...

American Airlines sues travel site Skiplagged to crack down on consumers who use the travel trick to save money.

Business
A practice known as skiplagging and hidden-city ticketing occurs when passengers reserve a flight with at least one stop, but they get off the...

CWEB Summarized Business Newsletter August 21st 2023

Business
Since Messi signed with Inter Miami, one of the team's owners tweeted those subscriptions to the MLS Season Pass on Apple TV+ had more...

Deere Drops 5 percent Despite Strong Q3 & Raised Guidance

Business
Deere (NYSE:DE) shares dropped more than 5% on Friday despite the upward adjustment of the company’s full-year guidance. The company's new expectations for the full-year...

NVIDIA Price Target Raised at HSBC Ahead of Q2 Earnings

Business
Analysts at HSBC raised the price target for NVIDIA (NASDAQ:NVDA) from $600.00 to $780.00 while maintaining a Buy rating ahead of the company’s Q2/24...

AppFolio upgraded to Overweight, Shares Jump 11 percent

Business
Analysts at Stephens upgraded AppFolio (NASDAQ:APPF) from Equal Weight to Overweight and increased the price target from $184.00 to $212.00. As a result, shares...

XPeng Reports Q2 Earnings, Margins Miss

Business
XPeng (NYSE:XPEV) released its second-quarter results on Friday, which revealed gross margins below expectations. In Q2, XPeng's revenue amounted to 5.06 billion yuan, aligning with...

Palo Alto Networks Stock Surges 16 percent Following Q4 Earnings

Business
Palo Alto Networks (NASDAQ:PANW) shares jumped more than 16% intra-day today following the company’s released fourth-quarter results. Palo Alto Networks reported earnings of $1.44...

Amazon has relaunched its shipping business to compete with FedEx and UPS.

Business
To compete with delivery services like FedEx and UPS, Amazon has resumed a shipping service it had suspended during the early stages of the...

John Warnock, Adobe Co- Founder Who Helped Invent the PDF Dies at 82

Business
John Warnock, the co-founder of Adobe, has passed away at the age of 82. The co-founder of Adobe and well-known innovator John Warnock forever changed...
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