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Business

CWEB Business News Nike Stock Soars 18% on Strong Q4 Earnings, Signals Brighter Future Amid Turnaround Progress

Shares of Nike (NYSE: NKE) skyrocketed more than 18% in intraday trading Friday following a better-than-expected fiscal fourth-quarter earnings report, with investors cheering signs...

CWEB Business News: Goldman Sachs Raises Robinhood Price Target to $91, Cites Long-Term Growth Amid Market Volatility

By CWEB Business News Team Goldman Sachs Reaffirms Buy Rating, Lifts Robinhood (NASDAQ: HOOD) Price Target to $91 Goldman Sachs has raised its price target for...

Dollar Retreats as Global Markets Eye Economic Shifts in 2025

The U.S. dollar has taken a slight step back from its rally, falling 0.48% to a dollar index level of 108.44 after touching a...

Goldman Sachs’ 7 Global Macro Predictions for 2025: A Comprehensive Breakdown

As 2025 unfolds, Goldman Sachs outlines a roadmap of key macroeconomic trends poised to shape global markets. From robust U.S. growth to geopolitical uncertainties,...

Gold Shines as a Hedge: Why BCA Upgrades to Overweight Amid Fiscal Risks

In a landscape marked by fiscal uncertainty and rising geopolitical risks, BCA Research has upgraded gold to Overweight from Neutral. The move underscores the...

Asian Markets Kick Off 2025 Amid Policy Shifts and Investor Concerns

The first full trading week of 2025 has begun with notable developments across Asian markets. A mix of economic data, political dynamics, and policy...

Asian Markets Skittish Ahead of Key Economic Data

Asian stock markets started 2025 with mixed sentiment as investors adopted a cautious stance ahead of critical economic reports. Market movements reflected concerns about...

AMD’s $4.9 Billion Acquisition of ZT Systems Gains Singapore’s Approval

Singapore's Competition and Consumer Commission (CCCS) has approved AMD’s proposed $4.9 billion acquisition of ZT Systems, clearing a significant regulatory hurdle for the semiconductor...

China’s Markets Struggle Amid Yuan Weakness and Investor Concerns

China's financial authorities took decisive action on Monday to stabilize its currency and markets, as investor sentiment soured over economic uncertainties and the anticipated...

Japan Stocks Close Lower Amid Sectoral Weakness

Japanese stocks ended Monday on a downbeat note, with the Nikkei 225 falling 1.65% as losses in the Shipbuilding, Precision Instruments, and Communication sectors...

European Shares Start the Week on a Positive Note Amid Data-Heavy Schedule

European stock markets opened higher on Monday, with gains led by technology and banking sectors. The STOXX 600, Europe's flagship index, rose 0.3%, reflecting...

U.S. Jobs Report: Key Test for 2025 Stock Market Trends

The December 2024 U.S. jobs report, set for release this Friday, is shaping up to be the first significant test for stock market sentiment...

Bitcoin Price Rises for 7th Consecutive Day: A Closer Look at Key Drivers

Bitcoin (BTC) has started 2025 on a strong note, recording gains for the seventh consecutive day. As of January 6, it trades at $99,513.7,...

U.S. Steel (NYSE:X) Faces Challenges Amid Market Volatility

Carlos De Alba from Morgan Stanley set a price target of $39 for U.S. Steel (NYSE:X), suggesting a potential increase of 27.04%. The stock is...

Citigroup Maintains “Buy” Grade for Partners Group Holding AG (PNK:PGPHF)

Citigroup has maintained its "Buy" grade for Partners Group Holding AG (PNK:PGPHF), raising the price target from SEK 1,290 to SEK 1,480. The stock price...

Rivian Automotive Inc. (NASDAQ:RIVN) Faces Market Fluctuations Amidst Production Success

Rivian's stock surged by 22.07% following impressive Q4 delivery results, exceeding Wall Street expectations. Despite a price target suggesting a potential decrease, RBC Capital remains...

BigBear.ai’s Financial and Stock Performance Analysis

BigBear.ai has experienced significant stock price volatility since its SPAC merger, with a notable decline from its peak in April 2022. The company's financial metrics,...

Helen of Troy Limited (NASDAQ: HELE) Earnings Preview: Key Financial Metrics to Watch

Earnings per Share (EPS) is projected at $2.61 for the third-quarter fiscal 2025. The Price-to-Earnings (P/E) ratio stands at 9.47, indicating potential undervaluation. Current Ratio is...

Bruker Corporation (NASDAQ: BRKR) Financial Overview and Market Position

Bruker Corporation (NASDAQ: BRKR) is a leading provider of scientific instruments and analytical solutions. The company operates in various segments, including life sciences, nanotechnology,...

Trust Stamp’s Strategic Reverse Stock Split

Trust Stamp (NASDAQ:IDAI) announces a 15-for-1 reverse stock split to enhance marketability and liquidity. The stock price of IDAI has seen significant fluctuations, with a...

Weekly Stock Highlights: American Airlines, Vertex, Alphabet, and Block Inc.

Here’s a recap of key upgrades and downgrades affecting major stocks this week, focusing on analyst insights and market reactions. 1. American Airlines (NASDAQ: AAL) What...

Goldman Sachs Forecasts an 11 percent Rise for the S&P 500 in 2025

Goldman Sachs (GS) analysts project an 11% increase in the S&P 500 index in 2025, targeting 6,500 points by year-end. While this represents robust...

Rising Bond Yields and Valuation Pressures Challenge Global Stocks

The latest MacroQuant report from BCA Research highlights that rising bond yields and stretched equity valuations are creating significant headwinds for global stock markets....

Foxconn Achieves Record Q4 Revenue, Driven by AI Server Demand

Shares of Foxconn (SS:601138), officially known as Hon Hai Precision Industry Co Ltd (TW:2317), surged on Monday following the announcement of record-breaking fourth-quarter revenue. The...

Nippon Steel Faces Strategic Challenges After U.S. Steel Deal Blocked

Nippon Steel Corp. may need to reassess its growth strategy following President Joe Biden's decision to block its proposed $14.9 billion acquisition of U.S....

Global Stocks Edge Higher Amid Political and Economic Uncertainty

Global equities started the week on a cautious note, as investors await key U.S. economic data that could shape interest rate expectations. Political developments,...

Italian PM Giorgia Meloni describes Elon Musk as ‘brilliant man’, CWEB reports

Italian Prime Minister Giorgia Meloni has generally praised billionaire Elon Musk, and in a recent interview, she described him as a “brilliant man” and...

CWEB gives details of new Xbox controller with next-gen hardware for gaming fans

Microsoft (MSFT) bought Activision Blizzard in October 2023 for more than $75 billion. During the acquisition hearings, there was an accidental leak of Microsoft...

3M Price Target Lowered to $96 Amid Long Turnaround and PFAS Liability Risks

RBC Capital analysts reduced their price target for 3M (NYSE:MMM) to $96 from $100, maintaining an Underperform rating on the stock. While new CEO...

Eaton Target Raised to $392 Amid Electrical Supercycle Growth Opportunities

Eaton Corporation (NYSE:ETN) shares rose around 2% intra-day today after RBC Capital analysts increased their price target for the stock to $392 from $374,...

ServiceNow Price Target Raised to $1,210 on Long-Term Growth Potential and AI Opportunities

RBC Capital analysts raised their price target for ServiceNow (NYSE:NOW) to $1,210 from $1,045, reaffirming an Outperform rating on the stock. The increase reflects...

Cloudflare Target Raised to $123 on Strong Growth Potential and Market Leadership

RBC Capital analysts increased their price target for Cloudflare Inc. (NYSE:NET) to $123 from $99, maintaining an Outperform rating on the stock. The revision...

LendingClub Target Raised at Piper Sandler, Shares Gain 4 percent

LendingClub (NYSE:LC) shares rose more than 4% intra-day today after Piper Sandler analysts increased their price target for the stock to $20 from $15,...

Tesla Faces Cybertruck Challenges and Profitability Concerns

Tesla’s (NASDAQ:TSLA) much-anticipated Cybertruck fell short of expectations in its first full year of production, with only 35,000 to 40,000 units delivered for 2024,...

Which new companies’ shares did Warren Buffet’s Berkshire Hathaway buy? CWEB reports

Berkshire Hathaway (BRK.B), the Warren Buffet-led company, has billions of dollars in cash by the end of 2024 as it sold sizable stakes in Apple...

Asian Stocks Rise, Led by South Korea’s Sharp Gains

Most Asian markets traded higher on Friday, buoyed by South Korea’s KOSPI index, while Chinese shares recovered earlier losses amid hopes for fresh stimulus...

Tesla Reports First Yearly Decline in Deliveries Amid Market Challenges

Tesla Inc. (NASDAQ: TSLA) announced its first annual drop in vehicle deliveries, as high borrowing costs and increasing competition weighed heavily on its performance....

Apple to Pay $95 Million to Settle Siri Privacy Class Action Lawsuit

Apple has agreed to a $95 million settlement in response to a proposed class action lawsuit alleging that its voice assistant Siri violated users'...

Volex plc Announces Deferred Consideration Payment for Murat Ticaret Acquisition

Volex plc (LON:VLX) disclosed in a filing on Friday that Murat Ticaret has surpassed the EBITDA targets stipulated in its acquisition agreement for the...

European Stocks End Week Lower Amid Economic Uncertainty and Focus on Trump Policies

European markets saw muted movements on Friday, capping a holiday-shortened week with investors closely monitoring economic data and policy signals ahead of President-elect Donald...

Las Vegas Cybertruck Explosion: Army Soldier Identified, FBI Probes Possible Links to New Orleans Attack

Authorities have identified the man involved in the Cybertruck explosion outside the Trump International Hotel in Las Vegas as Matthew Livelsberger, a 37-year-old active-duty...

Hyundai and Kia Set Modest Sales Growth Target for 2025 Amid Global Uncertainties

South Korea's Hyundai Motor Co. and Kia Corp have announced a target to increase their combined global sales by 2% to 7.39 million vehicles...

Jefferies Warns of Mounting Risks for U.S. Stock Market in 2025

As we enter 2025, Jefferies strategists have flagged several challenges looming over the U.S. stock market. These risks stem from President-elect Donald Trump’s policy...

Bank of America’s Top 10 U.S. Stock Picks for Q1 2025: Key Highlights

Bank of America analysts have unveiled their "Top 10 U.S. Ideas" for Q1 2025, offering a comprehensive list of stocks that are poised to...

HSBC Strategists Predict US Stocks to Rally in H1 2025

Despite recent volatility triggered by rising bond yields and a stronger dollar, HSBC strategists are optimistic about the prospects for US stocks in the...

BYD: A Top EV Stock Pick for 2025

As electric vehicle (EV) stocks continue to gain traction, BYD (SZ:002594) stands out as a leading choice for 2025, according to a recent note...

US Stocks Drop as GDP Growth Forecasts and Tesla Misses Deliveries

US stocks took a hit on Thursday, with major indices erasing earlier gains after several security incidents over the last few days. The Dow...

Tesla Misses Delivery Expectations Despite Record Quarter

Tesla Inc. (NASDAQ: TSLA) reported strong vehicle deliveries and energy storage deployments in Q4 2024, but the numbers came in below analysts' expectations, leading...

Morgan Stanley Exits Sector Climate Coalition: A Strategic Shift in Environmental Commitment

Morgan Stanley has decided to exit the Sector Climate Coalition, a prominent alliance focused on driving sustainability initiatives and addressing climate change across various...

Meta Appoints Republican Joel Kaplan to Lead Global Policy Team

Meta has recently announced a significant leadership change as Joel Kaplan takes over from Nick Clegg as the head of the global policy team....
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