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Business

Monday.com Stock Plummets 29% Despite Stellar Q2 Earnings and Revenue Beat

Monday.com (NASDAQ: MNDY) delivered a strong second-quarter performance, surpassing Wall Street estimates on both earnings and revenue, yet its shares tumbled sharply in Monday’s...
Business

CWEB Business News Pinterest (NYSE:PINS) Stock Analysis: Growth Potential Amid Market Challenges

Pinterest Inc. (NYSE:PINS), the visual discovery platform known for inspiring users with ideas ranging from recipes to home decor, continues to draw investor attention...
Business

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...

Will Apple’s iPhone 15 get a much needed upgrade? An EU compliant charging port

Business
Apple is expected to launch its iPhone 15 in September. As Apple users wait for new features in the next generation model, one important...

US mortgage rates reach highest level in 21 years, home buying falls

Business
Freddie Mac released data on mortgage rates for the week ending August 17, on Thursday. The average rate was 7.09 percent for a 30-year...

Multi-Billion-Dollar Drop in Bitcoin Falling to A Two Month Low Shattering Investors

Business
Bitcoin drops to new two-month low. An unexpected and major sell-off in the crypto markets had jolted Bitcoin. Thursday witnessed a notable 7.2% decline in...

Ross Stores Stock Gains 5 percent After Q2 Beat

Business
Ross Stores (NASDAQ:ROST) shares rose more than 5% pre-market today after the company’s announcement of a second-quarter performance that exceeded expectations, coupled with its...

Lumentum Upgraded to Buy at Rosenblatt

Business
Rosenblatt upgraded Lumentum (NASDAQ:LITE) from a Neutral rating to a Buy rating, setting a price target of $62.00. Lumentum is the primary producer of laser...

Applied Materials Gains on Q3 Beat & Strong Guidance

Business
Following fiscal third-quarter results that exceeded analyst predictions, Applied Materials (NASDAQ:AMAT) reported impressive earnings guidance, benefiting from the ongoing corporate competition to embrace the...

Bill Holdings Surges 7 percent After Q4 Earnings Report

Business
Bill Holdings (NYSE:BILL) shares gained more than 7% intra-day today after the company raised its projected earnings outlook while reducing its anticipated revenue figures,...

Keysight Technologies Shares Plummet 13 percent Following Q3 Results

Business
Shares of Keysight Technologies (NYSE:KEYS) experienced a more than 13% decline intra-day today due to the company's provided guidance that came in worse than...

Is it safe to store food in plastic containers-especially black ones?

Business
Plastic containers are generally considered safe for food storage when used appropriately. High-quality food-grade plastics, such as those labeled with recycling codes 1, 2,...

CWEB Summarized Business Newsletter August 17th 2023

Business
The largest retailer in the United States, Walmart, beat Wall Street's profit and sales forecasts. Its forecast for the year as a whole is...

Cisco Systems Shares Gain 2 percent Following Q4 Results

Business
Cisco Systems (NASDAQ:CSCO) fourth-quarter results exceeded the predictions of Wall Street, primarily driven by the increasing interest of businesses in artificial intelligence, security, and...

AppFolio Started With Overweight Rating at JPMorgan

Business
JPMorgan initiated coverage on AppFolio (NASDAQ:APPF) with an Overweight rating and a $200 per share price target. The firm suggests that the stock offers...

Paycor HCM Stock Drops 4 percent After Q4 Results

Business
Shares of Paycor HCM (NASDAQ:PYCR) experienced a more than 4% decline today due to the company's Q4 financial results announcement. Although the earnings surpassed...

ADP’s Price Target Raised at Mizuho Securities

Business
Mizuho Securities' analysts lifted their price target for ADP (NASDAQ:ADP) to $285.00 from the previous $255.00. Despite maintaining a Buy rating, the analysts highlighted...

BMO Capital Positive on Palo Alto Networks Ahead of Q4 Report

Business
BMO Capital analysts restated their positive outlook on Palo Alto Networks (NASDAQ:PANW), maintaining an Outperform rating along with a target price of $235.00. In...

Giant retailer TJX Cos sees growth in sales and profit while Target slows down

Business
Although there are several reports of a dive in retail sales and growth as consumers have become more discerning in their spending, due to...

Why has New Jersey shut down dozens of Boston Market restaurants at different locations

Business
New Jersey issued a stop work order to several Boston Market locations in the Garden State. The Tuesday order has impacted 27 of the...

Walmart beats analysts’ expectations for sales and earnings, raises full year outlook 2023

Business
Walmart, the nation's largest retailer, surpassed sales and earnings estimates by Wall Street analysts. It raised its full year earnings outlook. Walmart US saw...

Google’s Initiative to Empower 20,000 Nigerians with Crucial Digital Skills investing $1.6 Million

Business
Google (GOOGL) has embarked on an ambitious initiative to train 20,000 Nigerians in essential digital skills. This initiative is not only a testament to...

CWEB Summarized Business Newsletter August 16th 2023

Business
Due to customers continued need for necessities like groceries, Walmart is expected to increase its full-year prediction when it releases quarterly earnings on Thursday,...

JD.com Stock Drops 5 percent Despite Q2 Beat

Business
JD.com (NASDAQ:JD) announced Q2 results that exceeded Street predictions. However, despite this positive performance, the company's shares experienced a decline of more than 5%...

Inter & Co Earns an Upgrade at Citi

Business
Citi has raised its rating for Inter & Co (NASDAQ:INTR) from Neutral to Buy and revised its price target for the stock to $5.30,...

NVIDIA’s Q2 Earnings Preview by Rosenblatt

Business
Rosenblatt raised the price target for NVIDIA (NASDAQ:NVDA) to $800 per share from the previous $600. The analysts reiterated their Buy rating on the...

Nubank Reports Strong Q2 Results

Business
Nubank (NYSE:NU) reported a significant rebound in its financials for the second quarter, with a net income of $224.9 million. This represents a substantial...

Target Stock Gains 3 percent Following Q2 Earnings

Business
Target (NYSE:TGT) shares rose nearly 3% today following the release of its second-quarter results. The adjusted earnings per share for the quarter were $1.80, significantly...

Hackers Are Stealing Passwords with AI Listening to Keystrokes

Business
Our lives are deeply entwined with technology in the digital age. We rely on keyboards to enter sensitive data, including passwords, for operations like...

The Consumer Financial Protection Bureau Get Tough About Protecting Americans from Harmful Data Broker Practices

Business
Data brokers are placed on alert by the Consumer Financial Protection Bureau. The data brokers may not be allowed to sell some sorts of...

Dunkin’ Donuts launches spiked beverages in the U.S., web fans respond

Business
If you have been waiting for a boozy drink from your favorite outlet Dunkin’ Donuts, just head to your nearest grocery store or liquor...

CWEB Summarized Business Newsletter August 15th 2023

Business
On Thursday morning, retail giant Walmart (WMT) will report earnings. We recommend buying Walmart stock now. The Commerce Department said on Tuesday that retail...

Will Apple Watch X get a new redesign and major features? Rumors say yes

Business
Although the Apple (AAPL) Watch Series 9 has not been announced as yet, rumors about Series X (which may denote not only the alphabet...

Fitch cautions that it might have to downgrade dozens of banks.

Business
Fitch cautions that it might have to downgrade dozens of banks. The danger of broad rating downgrades on dozens of U.S. banks, which may...

Chinese Surveillance Firm Selling Cameras With ‘Skin Color Analytics’

Business
WASHINGTON —  IPVM, a U.S.-based security and surveillance industry research group, says the Chinese surveillance equipment maker Dahua is selling cameras with what it calls...

Sea Limited Shares Plummet 28 percent on Q2 Miss

Business
Sea Limited (NYSE:SE) released its financial results for the second quarter, which fell short of the Street estimates. As a result, shares plunged more...

Discover Financial Drops 10 percent on CEO Resignation

Business
Following the announcement of Roger Hochschild's immediate departure as CEO and President, along with his resignation from the Board, Discover Financial Services (NYSE:DFS) experienced...

Cardinal Health Reports Better Than Expected Q4 Results

Business
Cardinal Health (NYSE:CAH) released its Q4 results today, surpassing Street expectations. The adjusted earnings per share (EPS) stood at $1.55, representing a significant growth...

On Holding Reports Strong Q2 Earnings, But Stock Drops 13 percent on Disappointing Guidance

Business
On Holding (NYSE:ONON), the footwear manufacturer endorsed by former professional tennis player Roger Federer, experienced a decline of more than 13% today in its...

H&R Block Shares Gain 5 percent on Q4 Beat, Raises Dividend

Business
H&R Block (NYSE:HRB) released its fourth-quarter results today, surpassing the consensus expectations. Following the announcement, shares rose more than 5% after-hours. The tax preparation firm...

Walmart offers discounts and deals on apparel, jewelry, home, electronics and more

Business
Every day of the year, Walmart (WMT), the nation's largest retailer, offers great deals on items in all categories. It also offers seasonal discounts,...

UBS takes Blame for Fraud in the Sale of Residential Mortgage-Backed Securities – Will Pay $1.435 Billion

Business
Over $36 billion has now been paid in civil penalties by banks, originators, and rating agencies for these securities as a result of the...

CWEB Summarized Business Newsletter August 14th 2023

Business
An Earnings increase is anticipated this week from both Walmart and Target. In May, sales at both stores exceeded projections made by investors. Federal prosecutors...

Okta Shares Soar 4 percent on Goldman Sachs Upgrade

Business
Okta (NASDAQ:OKTA) shares surged more than 4% in pre-market today after the company received an upgrade from Goldman Sachs analysts. The upgrade was prompted...

Monday.com Stock Jumps 5 percent Following Q2 Beat

Business
Shares of Monday.com (NASDAQ:MNDY) experienced a pre-market increase of more than 5% today following the company’s reported Q2 results. During the quarter, adjusted earnings per...

Watch: Smash and Grab Robbery at a California Nordstroms Stealing over 100K of Designer Merchandise

Business
About 30 criminals surrounded a high-end Nordstroms store in California located at the Topang Mall. The massive gang ransacked the shop, snatching armfuls of...
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