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HomeBusiness

Business

CWEB Business News: Walmart Innovates the Shopping Experience with Interactive TV Commerce

CWEB Business News – Walmart Inc. (WMT), the nation’s largest retailer, is once again redefining the shopping experience by integrating commerce and entertainment. Leveraging...
Business

CWEB Business News: Oracle Founder Larry Ellison Regains Title as World’s Second Richest Man After Stock Surge

CWEB News Report – Oracle founder Larry Ellison has reclaimed his position as the world’s second-richest person, according to the latest Forbes Billionaires List....
Business

GitLab Shares Sink 8 percent Despite Earnings Beat as Revenue Guidance Disappoints

Business
GitLab (NASDAQ:GTLB) shares plunged over 8% intra-day today as upbeat Q1 results were overshadowed by underwhelming revenue guidance. The DevSecOps platform reported adjusted Q1 earnings...

GameStop Shares Dip 4 percent as Revenue Misses Despite Surprise Profit

Business
GameStop (NYSE:GME) shares dropped more than 4% intra-day today after the company reported first-quarter revenue that fell short of expectations, overshadowing an unexpected profit. The...

Dave & Buster’s Shares Surge 13 percent as Recovery Momentum Trumps Weak Q1 Results

Business
Dave & Buster’s Entertainment (NASDAQ:PLAY) saw its stock jump over 13% intra-day today, as investors looked past weaker-than-expected quarterly results and focused on signs...

Chewy Shares Slip 10 percent as Higher Costs Offset Stronger Sales Growth

Business
Chewy (NYSE:CHWY) posted stronger-than-expected first-quarter revenue but saw its stock fall more than 10% intra-day today after earnings fell short due to rising operating...

Lakeland Industries, Inc. (NASDAQ:LAKE) Reports Fiscal Q1 2026 Financial Results

Business
Lakeland Industries, Inc. (NASDAQ:LAKE) achieved record net sales of $46.7 million, a 29% increase year-over-year, driven by a significant rise in Fire Services products. Despite...

CWEB News Exclusive: President Trump’s Historic US-China Accord – The Biggest Trade Deal in Modern History

Business
In a landmark moment for global trade and international diplomacy, President Donald J. Trump has announced the completion of a monumental U.S.-China trade agreement,...

Wells?Fargo Sees Flat to Declining Consumer Loan Growth in 2025

Business
CFO Forecast: “Muted” Consumer Lending Ahead Wells?Fargo CFO Mike Santomassimo told investors this week that U.S. consumer loan growth is likely to remain muted —...

Air Force Halves F?35 Order: What It Means for Lockheed Martin’s Finances

Business
Order Cut Underscores Pentagon Budget Constraints The U.S. Air Force trimmed its F?35 jet request from 48 to 24 aircraft, per a Bloomberg report citing...

Wells?Fargo Maintains Underweight on Tesla as Q2 Deliveries Slump

Business
Q2 Delivery Trends Wells?Fargo analysts reiterated an Underweight rating and a $120 price target on Tesla (NASDAQ:?TSLA), citing another weak quarter ahead: Global deliveries in May...

Informa TechTarget, Inc. (NASDAQ:TTGT) Quarterly Earnings Preview

Business
Informa TechTarget, Inc. (NASDAQ:TTGT) is set to release its quarterly earnings with an anticipated EPS of $0.02 and revenue of $104.2 million. The company reported...

Oracle Corporation’s Market Outlook and Financial Performance

Business
The consensus price target for Oracle Corporation (NYSE:ORCL) has been on a downward trend, indicating a cautious outlook from analysts. Market conditions, including the May...

REE Automotive Ltd. (NASDAQ:REE) Maintains Stable Analyst Consensus Amid Positive Developments

Business
Stable Analyst Consensus: REE Automotive Ltd. (NASDAQ:REE) has maintained a consistent consensus price target of $1 over the past year, indicating a stable outlook...

Chewy, Inc. (NYSE:CHWY) Analyst Sentiment and Market Position

Business
Analyst sentiment towards Chewy, Inc. (NYSE:CHWY) has become more positive over the past year, with the consensus price target increasing from $34.88 to $47. The...

J.Jill, Inc. (NYSE:JILL) Reports First-Quarter Financial Results for Fiscal Year 2025

Business
Earnings per share of $0.88 met analysts' expectations, but revenue of $153.6 million fell short of the anticipated $156.8 million. New CEO Mary Ellen Coyne...

Chewy Inc. (NYSE:CHWY) Earnings Report Highlights

Business
Chewy reported earnings per share (EPS) of $0.35, beating the estimated $0.34, and exceeded revenue expectations with approximately $3.12 billion. Despite an 8.3% increase in...

ArcBest Corporation (NASDAQ:ARCB) Stock Analysis and Insights

Business
Jefferies maintains a "Buy" rating for ArcBest Corporation (NASDAQ:ARCB), raising the price target from $75 to $85, indicating strong growth...

GM Shifts Gears: $4 Billion Investment to Boost Gas Vehicle Production in U.S.

Business
General Motors (NYSE: GM) is pivoting from its EV-first narrative with a new $4 billion investment across three U.S. manufacturing facilities, signaling a strategic...

Fed Expected to Hold Rates Steady as Tariff Uncertainty Clouds Outlook

Business
Federal Reserve officials are likely to remain on hold in the coming months, with Deutsche Bank analysts forecasting a wait-and-see approach amid rising uncertainty...

Gold Prices Gain as Trump Tariff Ruling Fuels Risk-Off Sentiment

Business
Gold prices climbed in Asian trade on Wednesday, supported by renewed risk aversion after a U.S. court ruling upheld President Donald Trump’s trade tariffs,...

Alphabet Offers Voluntary Buyouts in Search and Ads Units Amid Competitive, Legal Pressures

Business
Alphabet Inc. (NASDAQ:GOOGL) saw its shares trim early gains on Tuesday after reports surfaced of voluntary employee buyouts in its core search and advertising...

Dollar Steadies as U.S.-China Trade Talks Signal Thaw, But Details Lacking

Business
The U.S. dollar and Chinese yuan remained largely unchanged on Wednesday following the conclusion of trade negotiations in London. While both nations hinted at...

Tesla Set to Launch Robotaxi Service in Austin This Month

Business
Tesla (NASDAQ:TSLA) is preparing to launch its long-awaited robotaxi service in Austin, Texas, with a tentative start date of June 22, according to CEO...

Crypto Fund Assets Hit All-Time High as Bitcoin Becomes a Global Hedge

Business
Crypto Fund Assets Hit All-Time High as Bitcoin Becomes a Global Hedge   Crypto funds saw record inflows in May, highlighting a shift in global investor...

JPMorgan Recommends Selling Tesla, Rotating Into Value-Rich Auto Parts Suppliers

Business
JPMorgan analysts issued a new call on Tuesday urging investors to sell Tesla (NASDAQ:TSLA) and reallocate capital into auto parts suppliers Aptiv (NYSE:APTV) and...

Asian Markets Edge Higher on U.S.-China Trade Optimism; Tech Stocks Lead Gains

Business
Asian equities advanced on Wednesday, led by Chinese markets, as optimism over a preliminary trade framework between the U.S. and China boosted sentiment across...

GameStop’s Q1 Revenue Slump Highlights Digital Pivot Challenges

Business
Sales Slide as Consumers Favor Downloads GameStop (NYSE:?GME) reported a 32% drop in hardware and accessories revenue in Q1, driven by: Shift to digital: Gamers increasingly...

Wells?Fargo Sees Flat to Declining Consumer Loan Growth in 2025

Business
CFO Forecast: “Muted” Consumer Lending Ahead Wells?Fargo CFO Mike Santomassimo told investors this week that U.S. consumer loan growth is likely to remain muted —...

Slack Tightens Data Controls Amid AI Privacy Concerns

Business
Salesforce’s New Slack API Terms Salesforce (NYSE:?CRM) recently updated its Slack terms of service to restrict how third?party apps store and search Slack messages, according...

Air Force Halves F?35 Order: What It Means for Lockheed Martin’s Finances

Business
Order Cut Underscores Pentagon Budget Constraints The U.S. Air Force trimmed its F?35 jet request from 48 to 24 aircraft, per a Bloomberg report citing...

Wells?Fargo Maintains Underweight on Tesla as Q2 Deliveries Slump

Business
Q2 Delivery Trends Wells?Fargo analysts reiterated an Underweight rating and a $120 price target on Tesla (NASDAQ:?TSLA), citing another weak quarter ahead: Global deliveries in May...

Capital Economics Sees Reasonable Caution

Business
Analysts at Capital Economics, led by Jonas Goltermann, note that markets have adopted a “pretty relaxed view” of trade-related risks. Their client note explains: The...

Apple’s WWDC AI Updates Fail to Impress, Shares Slip Further

Business
Key Takeaways from WWDC 2025 AI Focus Mild: Live phone-call translations and incremental developer tools, but no major breakthroughs. Investor Reaction: AAPL slid on Monday, extending...

Trump’s Trade Tariffs Remain in Place Amid Legal Tug-of-War: What Investors Need to Know

Business
A Federal Court Ruling Reshapes the Trade Landscape — Temporarily U.S. President Donald Trump’s controversial trade tariffs have been granted a legal reprieve. On Tuesday,...

Markets Hold Gains on U.S.-China Trade Progress; Inflation Data in Focus

Business
Stock markets and the dollar remained cautiously higher on Wednesday as investors assessed vague but optimistic headlines from U.S.-China trade talks. U.S.-China Reach Broad Trade...

Bitcoin Holds Steady as Traders Await U.S.-China Trade Deal Clarity

Business
  Bitcoin prices were largely unchanged on Wednesday, pausing after a strong rally in the prior session. The world’s largest cryptocurrency hovered at $109,559.20, just...

S&P 500 Rises on U.S.-China Trade Optimism as Investors Await Key Inflation Data

Business
Trade Talk Optimism Fuels Market Gains The S&P 500 climbed 0.3% on Tuesday as optimism grew around ongoing U.S.-China trade negotiations. U.S. Commerce Secretary Howard...

CWEB Analysts Spotlight Circle IPO Surge and Trading Volatility as Stablecoin Giant Goes Public

Business
New York, NY – Circle Internet Financial, Inc. (NYSE: CRCL) made a striking debut on the New York Stock Exchange on Thursday, with its shares...

Asian Stocks Rise on Hopes of Eased U.S.?China Chip Restrictions

Business
Most Asian markets climbed on Tuesday, buoyed by optimism from ongoing U.S.?China trade negotiations and reports that President Trump may roll back chip export...

UBS Updates The Crypto Company (CRCW) to “Hold” Amidst Crypto Market Volatility

Business
UBS updated the grade for PNK:CRCW to "Hold" with a stock price at $0.0009 and a market capitalization of about $2.33 million. CRCW's trading volume...

Sunnova Energy International Inc. (NYSE: NOVA) Faces Financial Hurdles Amid Bankruptcy Filing

Business
Sunnova Energy International Inc. (NYSE:NOVA) files for Chapter 11 bankruptcy protection to manage liabilities exceeding $10 billion. The New York Stock Exchange initiates delisting proceedings...

Sportradar Group AG’s Financial Performance and Competitive Landscape

Business
Sportradar Group AG (NASDAQ:SRAD) is a leading global provider of sports data and content. The company offers a range of services, including sports data...

The J.M. Smucker Company (NYSE:SJM) Faces Mixed Financial Results Amid Strong Competition

Business
Earnings Per Share (EPS) of $2.31 surpassed the estimated $2.24, indicating better-than-expected profitability. Revenue of approximately $2.14 billion fell short of the estimated $2.18 billion,...

O’Reilly Automotive, Inc. (NASDAQ:ORLY) Executes 1-for-15 Stock Split

Business
O'Reilly Automotive, Inc. (NASDAQ:ORLY) has executed a 1-for-15 stock split, aiming to make shares more accessible and appealing to a broader range of investors. Before...

Core & Main, Inc. (NYSE:CNM) Receives “Outperform” Rating from RBC Capital

Business
RBC Capital upgrades Core & Main, Inc. (NYSE:CNM) to "Outperform," signaling confidence in its future market performance. Anticipated Q1 earnings of 54 cents per share...

Oracle Corporation (NYSE:ORCL) Maintains Positive Trend with Analysts’ Confidence

Business
Jefferies maintains a "Buy" grade for Oracle Corporation (NYSE:ORCL), with a stock price target of $200, indicating strong future performance. Oracle's stock has seen a...

Comtech Beats Revenue Estimates in Q3, Stock Sees Double-Digit Growth

Business
Comtech Telecommunications Corp. (NASDAQ: CMTL) delivered mixed results for its third quarter, edging past revenue expectations while reporting a narrower-than-expected loss per share. Q3 Financial...

American Vanguard Misses Q2 Expectations with Wider Loss and Revenue Miss

Business
American Vanguard Corp. (NYSE: AVD) reported disappointing second-quarter results, falling short of both earnings and revenue expectations amid ongoing operational headwinds. Q2 Financial Highlights Earnings per...

Oil Prices Edge Higher as U.S.-China Trade Talks Fuel Demand Optimism

Business
Oil prices ticked higher on Tuesday, driven by investor optimism over U.S.-China trade talks in London that could ease geopolitical tensions and bolster global...
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