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Business

CWEB Business News: Walmart Launches ‘FYP on Wheels’ – A Mobile Shopping Experience Tailored for Gen Z

Walmart (WMT), America’s leading retailer and a powerhouse for exclusive brands like Microsoft, Samsung, L’Oreal, Dior, and Paris Jewelry, is revolutionizing retail yet again—this...
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

US Mulls Cutting China Tariffs to 50–65 percent Amid Hopes for Trade De-Escalation

Business
President Trump’s administration is weighing a reduction of its punitive China duties—currently at 145%—to as low as 50–65%, or even a tiered structure (35%...

Citi Flags Persistent Downside Risks as Bearish Positioning Weighs on US Equities

Business
Citi strategist Chris Montagu warns that U.S. equity upside remains capped as bearish positioning mounts across major indexes. Despite a brief relief rally after...

GM and Ford Stocks Spike as Trump Exempts Auto Parts from China Tariffs

Business
Shares of General Motors (NYSE:GM) and Ford Motor (NYSE:F) jumped 4% and 3%, respectively, after reports that the Trump administration will exclude car parts...

EU Imposes Record Fines on Apple (€500M) and Meta (€200M) for App Store and Privacy Rule Violations

Business
The European Commission has hit two of Silicon Valley’s biggest giants with hefty penalties. Apple faces a €500 million fine for App Store restrictions,...

Intel Shares Jump Pre-Market on Planned 20 percent Job Cuts, Eyes Q1 Earnings

Business
Intel (NASDAQ:INTC) stock climbed over 2.5% in pre-market trading Wednesday after reports surfaced that under new CEO Lip-Bu Tan, the company will cut more...

TSMC Targets 1.4 nm A14 Chip for 2028 to Extend AI Lead

Business
Taiwan Semiconductor Manufacturing Co. (TSMC) on Wednesday announced plans to mass-produce its next-­generation A14 (14-Å) node by 2028, as the world’s largest contract chipmaker...

Toyota Overseas Sales Reach Record High in March Ahead of U.S. Tariffs

Business
Toyota Motor (NYSE:TM) reported a surge in overseas vehicle sales and production in March, driven by North American demand ahead of U.S. import duties...

Novo Nordisk Faces Guidance Risks as Wegovy Prescriptions Plateau and Competition Intensifies

Business
Since launching its blockbuster weight-loss drug Wegovy in 2021, Novo Nordisk (NYSE:NVO) has repeatedly lifted its sales guidance. However, recent U.S. prescription data and...

Asian Stocks Drift as Trump’s Trade and Fed Flip-Flops Fuel Volatility

Business
Markets across Asia drifted on Thursday, paring earlier gains as investors grappled with the U.S. administration’s mixed signals on tariffs and Federal Reserve leadership....

Oil Inches Up as OPEC+ Discord and Trade-Talk Uncertainty Weigh on Prices

Business
Oil prices modestly rebounded on Thursday after a 2% drop, as investors balanced talk of higher OPEC+ output with mixed trade signals from Washington...

Gold Rebounds as Trade and Geopolitical Risks Drive Haven Demand

Business
Most Asian markets’ safe-haven flows lifted gold sharply on Thursday, reversing this week’s pullback amid persistent doubts over a U.S.–China tariff thaw and a...

Wall Street Gains Tempered as Bessent Denies Unilateral China Tariff Cuts

Business
Market Moves S&P 500: Initially +2.75%, closed +2.0% Dow Jones: +1.9% Nasdaq Composite: +2.3% U.S. Dollar Index: +0.4% Why Stocks Lost Steam No Guaranteed Tariff Cut Bessent’s Take: There is no...

Bitcoin Surges to Seven-Week High on Trump’s Fed and Trade Backtracks

Business
Bitcoin leaped 2.8% on Wednesday to $93,662.90—its highest level since early March—as President Trump eased threats against Fed Chair Jerome Powell and hinted at...

Asian Stocks Tread Water as Trade De-escalation Optimism Wanes

Business
Most Asian indices edged higher on Thursday, but gains were muted as recent enthusiasm over a U.S.–China tariff thaw gave way to fresh doubts....

Tesla’s European Sales Plunge 37 percent in Q1 Amid Boycott, Competition, and Tariff Headwinds

Business
Tesla’s first-quarter performance in Europe was overshadowed by a steep sales decline, as the EV pioneer grappled with a consumer boycott, intensifying competition, and...

CWEB News Analysis: CEOs Offload Shares Before Market Downturn – A Strategic Playbook for Tech Leaders Like Jamie Dimon

Business
In a move sparking debates among investors, Meta CEO Mark Zuckerberg (META), JPMorgan Chase CEO Jamie Dimon (JPM), and Oracle CEO Safra Catz sold...

Valmont Industries, Inc. (VMI) Surpasses Earnings Estimates

Business
Valmont Industries, Inc. (NYSE:VMI) is a leading company in the infrastructure and agricultural productivity solutions sector, known for its innovative products and services. As...

ConocoPhillips Announces Layoffs Amid $23B Marathon Oil Merger and Cost Pressures

Business
ConocoPhillips (NYSE:COP), one of the largest U.S. oil and gas producers, has confirmed plans to cut staff as part of a broader cost-cutting and...

Trump Media to Launch ETFs and Crypto Investment Products

Business
Trump Media & Technology Group (TMTG), the parent company of Truth Social, announced a major strategic move on Tuesday—its entry into the financial services...

Boeing Sells Jeppesen to Thoma Bravo for $10.55 Billion to Cut Debt

Business
Boeing (NYSE:BA) has struck a major deal to offload key parts of its Digital Aviation Solutions business, including its navigation unit Jeppesen, to private...

Oklo Stock Slides Nearly 12 percent as Sam Altman Steps Down as Chairman

Business
Oklo Inc (NYSE:OKLO) shares tumbled 11.8% today following the unexpected announcement that Sam Altman, CEO of OpenAI, has resigned from his position as Chairman...

Gold Prices Pull Back from Record Highs After Trump Softens on Tariffs and Fed

Business
Gold prices fell in Asian trading on Wednesday, retreating from recent all-time highs as market sentiment shifted following U.S. President Donald Trump’s unexpected softening...

Oil Prices Rally on US Sanctions Against Iran and Fed Reprieve

Business
As of 21:07 ET (01:07 GMT), Asian oil benchmarks extended their gains, buoyed by fresh US sanctions on Iran’s LPG network, a sharp draw...

Asia Markets Rally on Trump’s Fed Reassurance and China Trade Hints

Business
Stock markets across Asia enjoyed a relief rally on Wednesday after President Trump walked back threats to fire Fed Chair Jerome Powell and suggested...

Intel to Cut Over 20 percent of Workforce in Major Restructuring Move

Business
Intel Corporation (NASDAQ:INTC) is set to unveil job cuts affecting more than 20% of its ~109,000 employees this week, as new CEO Lip-Bu Tan...

Mizuho Maintains Outperform on Tesla, Adjusts Price Target to $375

Business
Mizuho continues to back Tesla (NASDAQ:TSLA) despite a disappointing Q1, raising its price target to $375 (from $325) and keeping an Outperform rating, as...

Stock Futures Rally as Trump Softens on Fed and China

Business
U.S. stock index futures jumped sharply Tuesday evening after President Trump backtracked on his most aggressive rhetoric toward Federal Reserve Chair Jerome Powell and...

Gold Rallies to New Records on Fed Uncertainty and Trade Tensions

Business
Gold surged to fresh all-time highs on Tuesday, buoyed by safe-haven demand amid President Trump’s Fed criticism and elevated U.S.-China tariff standoffs. Price Action Snapshot Spot...

Chinese Tech Giants Stockpile Nvidia H20 AI Chips Ahead of Export Curbs

Business
China’s leading internet players—ByteDance, Alibaba (HK:9988), and Tencent (HK:0700)—have rushed to amass nearly a year’s supply of Nvidia’s (NASDAQ:NVDA) H20 AI chips ahead of...

UBS Slashes Global Growth Forecast Amid Trump’s Tariff Escalation

Business
UBS strategists have once again dialed back their global growth outlook, citing President Trump’s sweeping tariffs as the primary drag. In their latest revision,...

Global Equities: Near-Term Lows Before a Year-End Rebound?

Business
UBS strategists warn that global stocks may revisit early-2025 lows before recovering modestly by year-end. Their baseline calls for the MSCI AC World Index...

U.S. Stocks Slide Again as Trump’s Fed Attacks Undermine Confidence

Business
U.S. equities extended their losses on Monday, with the Dow plunging nearly 1,000 points, after President Trump renewed his assault on Fed Chair Jerome...

Should Trump Fire Fed Chair Powell? Market Implications and Risks

Business
U.S. markets have already reacted sharply to talk of President Trump potentially ousting Federal Reserve Chair Jerome Powell. While analysts at Capital Economics suggest...

Nvidia Selloff Seen as “Enhanced Buying Opportunity,” Says BofA

Business
After dropping 14% since the H20 export ban to China, Nvidia (NASDAQ:NVDA) may be setting up for a rebound, according to Bank of America...

Investors Turn Defensive as BCA Sees Tariff Pain and Recession Risks

Business
Investor sentiment has soured, with recession and stagflation fears on the rise, according to a new BCA Research report. Client polls reveal few are...

U.S. Stocks Rally on Hopes for China Trade De-escalation

Business
The S&P 500 bounced back on Tuesday, led by a broad surge across major indices after U.S. Treasury Secretary Scott Bessent signaled that tariff...

U.S. Seeks Full Access to India’s $125 B E?Commerce Market for Amazon and Walmart

Business
The Trump administration is pressing India to lift restrictions on foreign e?retailers—allowing U.S. giants Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT) to sell their own goods...

Gold Soars to $3,482 as Fed Independence Fears and Trade Tensions Drive Safe?Haven Buying

Business
Gold prices surged to fresh record highs on Tuesday, propelled by escalating U.S.–China tariff frictions, President Trump’s threats to upend Federal Reserve independence, and...

Wabtec Corporation (NYSE:WAB) Earnings Preview: What to Expect in Q1 2025

Business
Analysts project an earnings per share (EPS) of $2.01 and revenue of $2.61 billion for Wabtec's first-quarter 2025 earnings. Wabtec has a history of surpassing...

Western Union (NYSE: WU) Quarterly Earnings Insight

Business
The expected EPS of $0.42 represents a 6.7% decrease from the previous year, indicating challenges in maintaining profitability. Revenue projections of $992.4 million reflect a...

KKR Real Estate Finance Trust Inc. (KREF) Earnings Insight and Financial Ratios

Business
Earnings Estimate: KREF is expected to report earnings per share of $0.30 and projected revenue of $35.22 million. Earnings Call Schedule Change: The Q1 2025...

CSX Corporation (NASDAQ:CSX) Stock Analysis: A Steady Outlook Amid Market Fluctuations

Business
The average target price for CSX Corporation (NASDAQ:CSX) remains stable at $37, reflecting a consistent analyst outlook despite past fluctuations. CSX faced a 7% year-over-year...

Mr. Cooper Group Inc. (NASDAQ:COOP) Merger with Rocket and Analysts’ Optimism

Business
Mr. Cooper Group Inc. (NASDAQ:COOP) announced a merger with Rocket, aiming to create a mortgage servicing powerhouse. The consensus price target for COOP has increased...

Tesla, Inc. (NASDAQ:TSLA) Analysts’ Price Target Fluctuations and Strategic Developments

Business
Tesla, Inc. (NASDAQ:TSLA) is a major player in the electric vehicle (EV) and renewable energy sectors. The company operates through two main segments: Automotive,...

3M Company (NYSE: MMM) Surpasses Earnings and Revenue Estimates in Q1 2025

Business
3M Company (NYSE:MMM) reported EPS of $1.88, beating estimates and showing a 10% increase in adjusted EPS year-over-year. The company's revenue exceeded expectations at $5.8...

Lockheed Martin Corporation (NYSE:LMT) Surpasses Financial Expectations

Business
Earnings per share of $7.28, beating the estimated $6.34. Revenue reached approximately $17.96 billion, surpassing expectations. Despite a high debt-to-equity ratio of 3.20, the company's current...

UnitedHealth Boosts Executive Security Spending After Tragic Shooting

Business
UnitedHealth Group (NYSE:UNH) disclosed it spent nearly $1.7 million on security for its top executives in 2024, a sharp increase following the tragic death...

DOJ Opens Landmark Antitrust Trial Against Google Over Search and AI Monopoly

Business
In what could be a defining moment for the digital economy, the U.S. Department of Justice (DOJ) has opened a high-stakes antitrust trial against...
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