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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

UnitedHealth Considers Exit from Latin America Amid $8 Billion Losses and Criminal Probe

Business
UnitedHealth Group (NYSE:UNH) is actively weighing multiple bids for its Latin American operations, accelerating efforts to retreat from a region where it has reportedly...

Meta Assembles Secretive Team to Pursue Artificial General Intelligence (AGI)

Business
Meta Platforms (NASDAQ:META) is taking a bold step into the frontier of artificial intelligence with a dedicated team working on Artificial General Intelligence (AGI)—a...

Apple Unveils Subtle AI Enhancements at WWDC 2025, Focuses on Utility Over Hype

Business
Apple (NASDAQ:AAPL) introduced a suite of artificial intelligence-driven features on Monday at its Worldwide Developers Conference (WWDC)—but instead of flashy innovation, the tech giant...

Uber to Acquire Taiwan’s Crown Taxi, Strengthening Asia Expansion

Business
Uber Technologies Inc (NYSE:UBER) is set to acquire Crown Taxi, one of Taiwan’s largest taxi operators, as part of its strategic push to scale...

RBC Capital Flags Three Market Trends Investors Should Watch Closely

Business
RBC Capital analysts have outlined three evolving market dynamics that could shape investor behavior over the coming months, noting shifts in earnings expectations, sentiment...

Citi Pushes Fed Rate Cut Call to September After Jobs Data Signals Slowdown

Business
Citi analysts now expect the Federal Reserve to delay its first rate cut to September, citing signs of a gradually cooling U.S. labor market...

U.S. Stock Futures Dip as Market Eyes U.S.-China Trade Talks, Apple WWDC

Business
U.S. stock futures edged lower early Monday as investor attention turned sharply to renewed U.S.-China trade talks in London and Apple’s keynote at its...

Morgan Stanley Markets $5 Billion Debt for Elon Musk’s xAI Amid Political Headwinds

Business
Morgan Stanley (NYSE:MS) is reportedly marketing a $5 billion debt package for xAI, Elon Musk’s artificial intelligence startup, as investor interest in the space...

Gold Retreats as U.S.-China Trade Talks Curb Safe-Haven Demand

Business
Gold prices slipped in Asian trade on Tuesday as investors shifted toward risk assets, buoyed by positive sentiment from ongoing U.S.-China trade discussions in...

S&P 500 Inches Higher as U.S.-China Trade Talks Reignite Investor Optimism

Business
U.S. stocks edged higher Monday, buoyed by a renewed wave of optimism after trade discussions between the U.S. and China resumed on a positive...

Baird Downgrades Tesla to Neutral Amid Robotaxi Uncertainty and Musk’s Political Risk

Business
Tesla (NASDAQ:TSLA) faced renewed pressure early Tuesday after Baird analysts downgraded the stock to Neutral, citing significant near-term uncertainty, including overly optimistic expectations for...

Bitcoin Surges 3.8 percent Amid Progress in US-China Trade Talks

Business
Bitcoin saw a sharp uptick on Tuesday, rising 3.8% to $109,404.20, as global investors responded positively to signs of easing U.S.-China trade tensions and...

TSMC May Revenue Surges 40 percent as AI Demand Powers Chip Growth

Business
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 39.6% year-over-year rise in May revenue, driven by relentless demand for AI chips—even as month-on-month numbers showed...

Vaccine Panel Overhaul Weighs on Moderna, Pfizer, BioNTech Shares

Business
Shares of leading vaccine makers fell on Monday following the U.S. decision to replace all members of the Advisory Committee on Immunization Practices (ACIP),...

Bernstein Sticks with $200K Bitcoin Forecast as Blockchain Moves Mainstream

Business
Bernstein analysts reiterated their “high?conviction but conservative” Bitcoin price target of $200,000 for this cycle, while highlighting a tectonic shift as institutional and corporate...

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...

Exclusive: CWEB Analysts Weigh In on 23andMe Founder Anne Wojcicki’s Bold Bid to Reclaim Company with Fortune 500 Backing

Business
Menlo Park, CA – June 10, 2025 (CWEB News) – In a stunning twist to the 23andMe bankruptcy saga, founder Anne Wojcicki is mounting...

Gold Holds Steady, Platinum Soars Ahead of Crucial U.S.-China Trade Talks

Business
Gold prices steadied in Asian trade on Monday, holding onto last week’s gains as investors turned cautiously optimistic ahead of high-stakes U.S.-China trade talks...

U.S. Stock Futures Ease as Investors Brace for Trade Talks and Inflation Data

Business
U.S. Stock Futures Ease as Investors Brace for Trade Talks and Inflation Data   U.S. stock index futures edged lower on Sunday evening, reflecting investor caution...

Asian Currencies Edge Higher as Dollar Slips Ahead of US-China Trade Talks

Business
Asian currencies saw modest gains on Monday, buoyed by a softer U.S. dollar ahead of high-stakes trade talks between the U.S. and China. While...

Analyst Moves: Boeing Upgraded, Pinterest Rallies, Apple Downgraded — Here’s What You Need to Know

Business
This week saw a flurry of analyst activity on major U.S. stocks as Bank of America, JPMorgan, and Needham issued high-profile rating shifts on...

Japan’s Economy Shrinks Less Than Feared Amid Trade Tensions and Tepid Spending

Business
Japan's economy contracted 0.2% year-on-year in the first quarter of 2025, slightly better than the previously estimated 0.7% drop, as revised government data showed...

Qualcomm to Acquire UK-Based Alphawave in $2.4 Billion AI Connectivity Push

Business
Qualcomm (NASDAQ:QCOM) has announced a definitive agreement to acquire Alphawave IP Group, a U.K.-based chipmaker, in a $2.4 billion deal aimed at strengthening its...

Bitcoin Holds Steady as Markets Eye US-China Talks and Inflation Data

Business
Bitcoin hovered around $105,000 in early Monday trading, as investors remained cautious ahead of two key macro events — U.S.-China trade negotiations and an...

Google Gemini Introduces ‘Scheduled Actions’ to Automate Daily Routines

Business
Google (NASDAQ: GOOGL) is enhancing its AI assistant, Gemini, with a powerful new feature called 'Scheduled Actions', aimed at making digital productivity smarter and...

Tesla’s Top Robot Executive Steps Down: What It Means for the Optimus and Autopilot Vision

Business
Tesla (NASDAQ: TSLA) is once again facing a leadership shakeup, this time within one of its most ambitious initiatives—the Optimus humanoid robot program. Milan...

UnitedHealth’s New CEO Faces Pivotal Year: Bernstein Flags Three Strategic Priorities

Business
Following UnitedHealth Group’s (NYSE: UNH) annual shareholder meeting, analysts at Bernstein outlined three major priorities for newly reappointed CEO Steve Hemsley—signaling a potential strategic...

The Children’s Place, Inc. (NASDAQ: PLCE) Faces Financial Challenges in Q1

Business
The reported earnings per share (EPS) of -$1.52 fell significantly short of the estimated -$0.51. Revenue for the quarter was $242.1 million, missing the estimated...

Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Update and Financial Overview

Business
Casey's General Stores, Inc. (NASDAQ:CASY) receives a "Buy" recommendation from Benchmark ahead of its fourth-quarter financial results. Despite an expected decrease in earnings per share,...

Invesco QQQ Trust (NASDAQ:QQQ) Rating Update and Market Insights

Business
The Invesco QQQ Trust (NASDAQ:QQQ) received a "Mixed" rating from Edward Jones, indicating a cautious market approach. QQQ's price was $529.92, reflecting a 0.98% increase, amidst...

Cantor Boosts AMD Price Target to $140 Ahead of Key AI Product Event

Business
Cantor Fitzgerald increased its price target on Advanced Micro Devices (NASDAQ:AMD) to $140 from $120, while maintaining an Overweight rating. The move comes in...

Goldman Sachs Downgrades Mobileye to Neutral Amid Competitive Pressures and Slower AV Adoption

Business
Goldman Sachs downgraded Mobileye N.V. (NASDAQ:MBLY) from Buy to Neutral, maintaining its price target at $17. The decision reflects growing concerns about heightened competition,...

Cantor Fitzgerald Begins Coverage on Docebo with Overweight Rating, Shares Rise 3 percent

Business
Cantor Fitzgerald initiated coverage on Docebo (NASDAQ:DCBO) with an Overweight rating and a 12-month price target of $35, citing the company’s strong position in...

DA Davidson Upgrades Fifth Third Bancorp to Buy

Business
DA Davidson upgraded Fifth Third Bancorp (NASDAQ:FITB) from Neutral to Buy, raising the price target to $47 from $42. The move follows a series...

Deutsche Bank Starts eToro at Buy, Shares Up 3 percent

Business
Deutsche Bank initiated coverage on eToro Group (NASDAQ:ETOR) with a Buy rating and a price target of $70, highlighting the platform’s unique positioning in...

KeyBanc Lifts Walmart Price Target, Citing Strong Momentum in Digital and Profit Growth

Business
KeyBanc raised its price target on Walmart (NYSE:WMT) to $110 from $105 while reaffirming an Overweight rating, following its attendance at the retailer’s annual...

Bank of America Sticks With “Buy” on Walmart, Sees $120 Target

Business
Analysts at Bank?of?America reiterated their “Buy” rating on Walmart?Inc. (NYSE:?WMT), raising no doubts about the retail behemoth’s enduring value proposition, omni?channel expansion, and growing...

Walmart to Add Beloved Wienerschnitzel Restaurants to Select Stores, CWEB News Reports

Business
Iconic hot dog chain brings full menu to retail locations starting Fall 2025 BENTONVILLE, AR (CWEB News) – Walmart (WMT) is expanding its in-store offerings...

CWEB News Exclusive: The Trump Renaissance Continues as May Jobs Report Shatters Expectations, Signaling Economic Ascent

Business
WASHINGTON, D.C. – CWEB News is proud to report a striking display of economic momentum, as the latest Bureau of Labor Statistics data reveals...

Anixa Biosciences, Inc. (NASDAQ:ANIX) CEO’s Recent Stock Purchase Highlights Confidence in Breast Cancer Vaccine

Business
Kumar Amit, CEO of Anixa Biosciences, Inc. (NASDAQ:ANIX), purchased 10,000 shares, increasing his total ownership to 569,925 shares. Anixa's innovative breast cancer vaccine targets ?-lactalbumin...

The Toro Company (NYSE:TTC) Surpasses Earnings Expectations in Q2 Fiscal 2025

Business
Earnings Per Share (EPS) of $1.42, beating the Zacks Consensus Estimate of $1.38. Revenue reported at approximately $1.32 billion, slightly below the estimated $1.35 billion. Price-to-Earnings...

G-III Apparel Group, Ltd. (NASDAQ: GIII) Earnings Preview and Financial Analysis

Business
G-III Apparel Group, Ltd. (NASDAQ:GIII) is a renowned global fashion company with a diverse portfolio of brands. The company is eagerly awaiting the release...

Canopy Growth Corporation Faces Legal Challenges Amid Financial Struggles

Business
Canopy Growth Corporation (NASDAQ:CGC) is under legal scrutiny for allegedly misleading statements regarding its financial health and cost reduction measures. The company reported a significant...

Ciena Corporation (NYSE:CIEN) Earnings Report Analysis

Business
Earnings per share (EPS) of $0.42 was reported, missing the estimated $0.51, marking a -19.23% earnings surprise. Revenue for the quarter was $1.13 billion, exceeding...

MPLX LP (NYSE:MPLX) Maintains Strong Position in Energy Sector Amid Market Volatility

Business
Barclays reaffirmed an "Overweight" rating for MPLX, indicating a positive outlook on the company's performance. MPLX's stock price has seen a 3.6% increase since its last...

Brown-Forman Corporation’s Earnings Report Highlights

Business
Brown-Forman Corporation, trading under the symbol BF-B on the NYSE, is a prominent player in the alcoholic beverage industry, known for its iconic Jack...

Yext, Inc. (NYSE: YEXT) Quarterly Earnings Overview

Business
Yext reported an EPS of $0.12, surpassing the Zacks Consensus Estimate of $0.11, indicating a 9.09% earnings surprise. The company's revenue reached $109.48 million, exceeding...

Euroseas Ltd. (NASDAQ:ESEA) Surpasses Revenue Expectations Despite Lower EPS

Business
Euroseas Ltd. (NASDAQ:ESEA) reported earnings per share (EPS) of $2.64, missing the expected $3.41 but surpassed revenue expectations with $54.7 million. The company announced a...
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