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Business

Cweb Business News Intel’s Panther Lake Emerges as Pivotal U.S.-Made AI PC Contender

In a significant stride for American semiconductor manufacturing, Intel has officially unveiled its next-generation Panther Lake architecture. This groundbreaking platform is not only the...

CWEB Business News IRS Unveils Sweeping 2026 Tax Code Adjustments, Impacting Incomes, Estates, and Family Credits

The Internal Revenue Service has announced its comprehensive inflation-adjusted tax provisions for the 2026 filing year, signaling significant changes for American taxpayers. These annual...

Autoliv Inc. (NYSE:ALV) Surpasses Market Expectations with Strong Earnings Performance

Autoliv Inc. (NYSE:ALV) reported a significant earnings per share (EPS) of $2.15, outperforming the estimated $1.70. The company achieved a positive revenue surprise of 4.25%,...

Citizens Financial Group, Inc. (NYSE:CFG) Surpasses Earnings Expectations

Citizens Financial Group, Inc. (NYSE:CFG) reported an EPS of $0.77, beating the estimated $0.75 and marking an 18.4% increase year-over-year. The company generated revenue of...

BofA Maintains Bearish Stance on Hims & Hers Amid Signs of Slowing Core Growth

BofA Securities reiterated its Underperform rating on Hims & Hers Health (NYSE:HIMS), keeping its price target steady at $22, citing signs of decelerating momentum...

Needham Upgrades Boston Scientific on Competitive Outlook and New Growth Drivers

Needham raised its rating on Boston Scientific (NYSE:BSX) from Hold to Buy, setting a new price target of $113, citing improving fundamentals and a...

TD Cowen Trims Atlassian Price Target Ahead of Earnings Report

TD Cowen lowered its price target on Atlassian (NASDAQ:TEAM) to $250 from $320, keeping a Hold rating in place ahead of the company’s upcoming...

Travelers Gains 4 percent on Q1 Earnings Beat, Underlying Strength Offsets Wildfire Losses

Travelers Companies (NYSE:TRV) delivered a strong first-quarter performance, with earnings and revenue exceeding expectations despite hefty catastrophe losses from January’s California wildfires. Shares climbed...

Prologis Delivers Solid Q1 Results, Keeps 2025 Outlook Steady Despite Cautious Market

Prologis (NYSE:PLD) reported first-quarter results that aligned with Wall Street forecasts, maintaining a steady outlook for 2025 as the company navigates a cautious customer...

Abbott Beats Q1 Expectations & Reaffirms 2025 Outlook

Abbott Laboratories (NYSE:ABT) delivered better-than-expected first-quarter earnings and held firm on its full-year guidance, even as parts of its business felt the impact of...

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Quarterly Earnings Preview and Leadership Change

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) is set to release its quarterly earnings on April 17, 2025, with an anticipated EPS of $0.99 and projected...

Ally Financial Inc. (NYSE:ALLY) Earnings Preview: Key Financial Metrics in Focus

Ally Financial Inc. (NYSE:ALLY) is a prominent player in the financial services sector, offering a range of products including auto financing, online banking, and...

ASML Holding N.V. (NASDAQ:ASML) Earnings Report and Financial Health Overview

ASML Holding N.V. (NASDAQ:ASML) reported an EPS of $6.80, surpassing the estimated $6.12. The company's revenue of $8.77 billion slightly missed the forecasted $8.78 billion. ASML's...

Rexford Industrial Realty, Inc. (NYSE:REXR) Analysts Adjust Price Targets

Analysts have lowered the average price target for Rexford Industrial Realty, Inc. (NYSE:REXR) from $44 to $38, indicating a more conservative outlook. The revision reflects...

U.S. Bancorp (NYSE:USB) Surpasses Earnings Estimates

U.S. Bancorp reported an EPS of $1.03, beating the estimated $0.97 and last year's $0.90, indicating strong financial growth. The company's revenue reached approximately $6.96...

KeyCorp (NYSE: KEY) Quarterly Earnings Preview

Analysts expect earnings per share (EPS) of $0.32 and projected revenue of approximately $1.75 billion for the first quarter of 2025. KeyCorp's earnings growth is...

Abbott Laboratories’ Strong First Quarter Performance

Abbott Laboratories (NYSE:ABT) reported an EPS of $1.09, surpassing estimates and showing improvement from the previous year. The company's revenue of $10.36 billion fell slightly short...

Movado Group Inc. (NYSE: MOV) Earnings Report Analysis

Movado Group Inc. (NYSE:MOV) reported earnings per share (EPS) of $0.35, missing the expected $0.39 but surpassed revenue expectations with $181.5 million. The company's stock...

Zuckerberg Considered Spinning Off Instagram Amid Antitrust Fears, Trial Reveals

Meta Platforms CEO Mark Zuckerberg once seriously considered spinning off Instagram, citing rising antitrust risks—a move that has resurfaced in a high-stakes trial now...

Asia Fund Managers Turn Deeply Bearish Amid Global Slowdown Fears

Investor sentiment across Asia has sharply deteriorated, with fund managers bracing for an economic downturn both regionally and globally, according to Bank of America’s...

Gold Prices Surge to Record High Amid Trade Tensions and Tech Sector Uncertainty

Gold prices climbed to an all-time high in Asian markets on Wednesday, driven by escalating U.S.-China trade tensions and heightened market caution following Nvidia’s...

Omnicom Misses Q1 Revenue Estimates as Economic Uncertainty Weighs on Advertising

Advertising giant Omnicom Group (NYSE:OMC) reported first-quarter revenue that missed Wall Street estimates amid an uncertain economic environment that weighed on several business segments....

Tesla Suspends Chinese Component Imports for Cybertruck, Semi Amid Tariff Hikes

Tesla Inc (NASDAQ: TSLA) has halted plans to import components from China for its Cybertruck and Semi electric truck following President Donald Trump’s decision...

Xpeng Insulates Supply Chain Amid U.S.-China Trade Tensions

Chinese electric vehicle maker Xpeng (NYSE: XPEV) announced on Wednesday that it has conducted a thorough analysis of its supply chain to ensure its...

Rio Tinto’s Q1 Iron Ore Shipments Hit a 2019 Low Amid Weather Disruptions

Rio Tinto (NYSE: RIO) reported its lowest first-quarter iron ore shipments since 2019 on Wednesday, as a series of tropical cyclones significantly disrupted its...

Activist Shareholder Moves to Overhaul Harley-Davidson Leadership

A major shareholder of Harley-Davidson Inc (NYSE:HOG) is gearing up for a campaign to overhaul the company’s leadership, aiming to oust CEO Jochen Zeitz...

ASML Faces Tariff Uncertainty as Q1 Net Bookings Fall Short of Expectations

ASML (AS:ASML), the world’s largest supplier of chip-making equipment, highlighted growing uncertainty in its outlook for 2025 and 2026 amid escalating tariff pressures. The...

Activist Elliott Builds $1.5B Stake in HPE Amid Earnings Woes

Activist hedge fund Elliott Investment Management has built a stake of over $1.5 billion in Hewlett Packard Enterprise Co (NYSE:HPE), according to sources. Bloomberg...

China’s Q1 GDP Beats Expectations, Yet Trade War Concerns Linger

China's economy grew more than expected in the first quarter of 2025, according to government data released on Wednesday. The strong annual growth was...

Stablecoin Issuers Set to Transform U.S. Treasury Markets

According to a new research note from Standard Chartered, stablecoin issuers are poised to become a major force in U.S. Treasury markets over the...

Honda Rules Out Shifting Production from Canada and Mexico to the U.S.

Honda (NYSE: HMC) has confirmed that it has no plans to move car production from Canada and Mexico to the United States, dismissing earlier...

Nvidia Takes $5.5 Billion Hit as U.S. Tightens AI Chip Export Rules to China

Nvidia (NASDAQ:NVDA) announced Tuesday it will take a $5.5 billion charge after the U.S. government tightened export restrictions on its H20 artificial intelligence chip,...

Goldman Sachs Lowers U.S. Hotels Outlook as Economic Uncertainty and Sluggish Consumer Demand Weigh In

Investor sentiment in the U.S. hotel industry took a hit on Monday, with Goldman Sachs sharply lowering its RevPAR growth forecast amid signals of...

Netflix Poised for Growth Amid Economic Uncertainty, Says Oppenheimer

Netflix appears well-positioned to weather an uncertain economic environment, according to bullish analysts at Oppenheimer and Bank of America. Their continued optimism reinforces that...

U.S. Bank Stocks Rally as Bank of America and Citigroup Beat Q1 Earnings

Shares of major U.S. banks surged on Tuesday after Bank of America (NYSE:BAC) and Citigroup (NYSE:C) reported strong first-quarter results, driven by robust stock-trading...

Palantir (PLTR) Stock Surges as NATO Embraces AI-Driven Defense Tech

Shares of Palantir Technologies Inc. (NYSE:PLTR) extended their rally on Tuesday after the company secured a landmark deal with the North Atlantic Treaty Organization...

Oil Prices Fall Amid Trade Uncertainty and Slow Demand Projections

U.S. oil prices slid by about 1% on Wednesday as traders wrestled with shifting U.S. tariff policies and growing uncertainty over the U.S.-China trade...

British Inflation Slows to Three-Month Low Amid Shifting Fuel and Clothing Prices

British inflation eased to its weakest level in three months in March, providing a welcome respite for consumers and policymakers alike. Official figures from...

Salem Media Group announces deal with Donald Trump Jr, Lara Trump, CWEB News reports

Camarillo, CA – Salem Media Group, a leading conservative media company, has finalized a high-profile partnership with Donald Trump Jr. and Lara Trump, as...

U.S. Stocks End Turbulent Week With Strong Gains

Market Overview U.S. equity markets advanced on Friday, capping off one of the most volatile weeks in recent memory. The S&P 500 rose 1.81% to...

Investors Slash Stock Exposure Amid Uncertainty, Yet New Money Flows In

Investors have cut their equity exposure to levels not seen in years, as fears over economic growth mix with cautious optimism for policy support....

Citi Downgrades U.S. Equities to Neutral Amid Mounting Uncertainty

Citi has downgraded U.S. equities from Overweight to Neutral, citing uncertainty in the macroeconomic outlook, elevated valuations, and mounting earnings downgrade pressures. While recent...

U.S. Stock Index Futures Edge Higher Amid Tariff Uncertainty and Earnings Anticipation

U.S. stock index futures edged higher on Tuesday as investors cautiously awaited more corporate earnings amid continued uncertainty over President Donald Trump’s evolving trade...

Apple Shares Surge After Tariff Exemption, But AI Headwinds Linger

Apple Inc. (NASDAQ:AAPL) shares jumped at the end of last week after U.S. Customs and Border Protection issued new guidance exempting smartphones and several...

Market Stabilizes Post-‘Liberation Day’ Shock, But Uncertainty Remains

The extreme volatility ignited by U.S. President Donald Trump’s abrupt “Liberation Day” tariff announcement appears to have subsided in recent sessions, although lingering uncertainty...

TSMC Nears Breakthrough in Advanced Chip Packaging for AI Demand

Taiwan Semiconductor Manufacturing Co (TSMC) is on the brink of finalizing specifications for an innovative chip packaging method designed to bolster the performance of...

Boeing Shares Tumble as China Halts Jet Deliveries

Boeing (NYSE: BA) shares dropped about 2.5% in pre-market trading on Tuesday after Bloomberg News reported that China ordered its airlines to stop taking...

LVMH ADR Falls Over 6 percent as Q1 Organic Sales Miss Expectations

The ADRs of luxury goods maker LVMH Moet Hennessy Louis Vuitton SA (EPA:LVMH) (OTC:LVMUY) dropped more than 6% on Monday following the release of...

Applied Materials Acquires 9 percent Stake in BE Semiconductor: A Strategic Bet on Hybrid Bonding Technology

In a move that underscores the rising importance of advanced chip packaging, Applied Materials (NASDAQ:AMAT) has acquired a 9% stake in Dutch equipment maker...

EV Sales Surge Globally in March — But U.S. Growth Lags Amid Tariff Tensions

Global electric vehicle (EV) and plug-in hybrid (PHEV) sales surged by 29% year-on-year in March, according to new data from Rho Motion, powered largely...
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