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Business

Strategic Maneuvers in Neurotech: Can Sam Altman’s Merge Labs Challenge Elon Musk’s Neuralink Dominance? CWEB Business Analysts Weigh In

CWEB Business News – The frontier of human-machine integration is witnessing a significant strategic shift as Sam Altman, the prominent CEO of OpenAI, enters...

CWEB Business News: Lowe’s Bolsters Pro Segment with Strategic $8.8 Billion FBM Acquisition Following Strong Q2

Following a favorable second-quarter earnings report, Lowe's Companies, Inc (LOW). has announced a definitive agreement to acquire Foundation Building Materials (FBM), a leading distributor...

Is Tesla’s Cybertruck a Strategic Misstep? Wall Street Analysts Weigh In

Overview Tesla’s (NASDAQ: TSLA) long-awaited Cybertruck delivered underwhelming numbers in 2024, with around 15,000 units in Q4 and an estimated 35,000 to 40,000 units for...

Foreign Smartphone Shipments to China Plummet: What’s Behind the Decline?

OverviewForeign smartphone shipments to China, including Apple’s iPhone, faced a significant downturn in November 2024, dropping 47.4% year-on-year to just 3.04 million units, according...

Tesla’s Record-Breaking Sales in China Amid Global Delivery Decline: What It Means for the EV Industry

OverviewIn 2024, Tesla’s performance in China surged to new heights, delivering over 657,000 vehicles, an 8.8% increase year-over-year, even as its global deliveries fell...

Deutsche Bank Upgrades RTX Corporation to Buy

Deutsche Bank upgraded RTX Corporation (NYSE:RTX) from Hold to Buy, signaling confidence in its growth and market stability. RTX reported a 49.21% increase in sales...

Douglas Emmett, Inc. (NYSE:DEI) Receives Upgrade from Wedbush

Wedbush upgraded Douglas Emmett, Inc. (NYSE:DEI) to an "Outperform" rating, indicating a positive outlook on the company's future performance. The stock price of DEI has...

Alphabet Inc. Focuses on AI Innovation Amid Challenges

Alphabet Inc. emphasizes strategic focus on AI innovation to enhance market position and stock value. Alphabet's Class A shares (NASDAQ:GOOGL) show slight decline but potential...

Domino’s Pizza, Inc. Expected to Go Public on the NASDAQ

Domino's Pizza, Inc. (DPZ) is set to go public on the NASDAQ, highlighting its strong presence in the fast-food industry with innovative ordering technology...

Airship AI Holdings, Inc. (NASDAQ:AISP) CFO Sells Shares Amid Investigation

The CFO of Airship AI Holdings, Inc. (NASDAQ:AISP) sold 22,000 shares, raising questions among investors. Pomerantz LLP has initiated an investigation into claims on behalf...

Axon Enterprise’s Recent Stock Activity and Strategic Moves

Kalinowski Caitlin Elizabeth, a director at Axon Enterprise, sold 450 shares at $604.07 each, leaving her with 6,929 shares. Axon's acquisition of Dedrone enhances its...

Wedbush Analyst Sets Price Target for BXP (NYSE:BXP)

Richard Anderson from Wedbush has set a price target of $70 for BXP (NYSE:BXP), indicating a potential downside from its current price. BXP is scheduled...

Lifecore Biomedical, Inc. (NASDAQ:LFCR) Financial Performance and Market Position

Lifecore Biomedical, Inc. (NASDAQ:LFCR) reported an EPS of -$0.20, beating estimates. Revenue fell short of expectations at $32.56 million, indicating challenges in meeting revenue projections. The...

Coupang, Inc. (NYSE:CPNG) Stock Performance and Insider Trading Insight

Coupang, Inc. (NYSE:CPNG) sees a 1.41% increase in stock price even amid a general market downturn, showcasing investor confidence in the company. Vice President of...

The Greenbrier Companies, Inc. (NYSE:GBX) Quarterly Earnings Preview

Earnings per share (EPS) is estimated at $1.16 for the upcoming quarterly release. Projected revenue is approximately $849.5 million, indicating significant market activity. The Virtual Annual...

Party City announces mass layoffs, files for bankruptcy for the second time, CWEB reports

Party City Holdings Inc. announced that it had filed for bankruptcy this weekend. Earlier, the retail chain announced mass layoffs at its New Jersey...

Will Wall Street new methods to bet on bitcoin help it double in value? CWEB reports

Wall Street changed its approach to bitcoin in early January 2024 when spot bitcoin ETFs (BTC.X) began trading. This new trading method brought mainstream...

Sangamo Shares Plummet 56 percent as Pfizer Ends Hemophilia A Gene Therapy Partnership

Sangamo Therapeutics (NASDAQ:SGMO) faced a significant setback as Pfizer announced the termination of their partnership to co-develop a gene therapy for hemophilia A, causing...

Astera Labs Downgraded to Market Perform Amid Valuation Concerns

Northland analysts downgraded Astera Labs (NASDAQ:ALAB) from Outperform to Market Perform, setting a price target of $120, citing concerns over valuation and the likelihood...

Rockwell Automation Positioned for 2025 Rebound as Strategic Initiatives Take Shape

Oppenheimer analysts reaffirmed an Outperform rating and a $300 price target for Rockwell Automation (NYSE:ROK), highlighting the company’s focus on operational improvements and investments...

Evergy Upgraded to Buy on Accelerating Rate Base Growth

Ladenburg Thalmann analysts upgraded Evergy (NASDAQ:EVRG) to Buy from Neutral, raising the price target to $68.50 on the stock. The upgrade reflects optimism over...

Sherwin-Williams Price Target Lowered to $423 Amid Demand Recovery Concerns

Jefferies analysts reduced their price target for Sherwin-Williams (NYSE:SHW) to $423 from $439, while maintaining a Buy rating. The adjustment reflects a cautious outlook...

CACI International Upgraded to Outperform, Shares Gain 2 percent

CACI International (NYSE:CACI) share rose more than 2% pre-market today after Raymond James analysts upgraded the stock from Market Perform to Outperform, assigning a...

Most Asian Currencies Slip Amid Fed’s 2025 Rate Cut Projections

Asian currencies traded in a narrow range on Thursday, weighed down by the Federal Reserve's slower pace of interest rate cuts expected in 2025....

Alibaba Sells Sun Art Stake at a Loss: A Strategic Pivot or Setback?

Introduction Alibaba Group (NYSE: BABA, HK: 9988) recently announced its decision to sell its 78.7% stake in Sun Art Retail Group (HK: 6808) for HK$12.30...

XRP Surges 10 percent Amid Market Stagnation: What’s Driving the Rally?

Introduction XRP made headlines with a significant 10.02% gain on Wednesday, closing at $2.2965—its largest one-day percentage increase since the start of the year. This...

Gold Prices Shine Amid Weak Dollar But Face Fed-Driven Uncertainty in 2025

Introduction Gold prices have extended their rally into 2025, bolstered by a weaker U.S. dollar, even as caution lingers due to the Federal Reserve’s tighter-than-expected...

Wolfe Research’s 2025 Surprises: Fed Shifts, Tariff Reforms, and Market Trends

Introduction As 2025 begins, Wolfe Research has released a provocative list of five potential surprises that could reshape markets and the global economy. From labor...

Oil Services Stocks in 2025: A Promising Phase Driven by Economic Reality and Investor Skepticism

Introduction Oil services stocks could be entering a pivotal growth phase in 2025, aligning with the fourth stage of George Soros’ “boom and bust sequence...

Nippon Steel’s Bid for U.S. Steel: A Strategic Move to Secure Approval

Overview of the Deal Japan's Nippon Steel is working towards securing U.S. approval for its proposed acquisition of U.S. Steel, one of the largest steelmakers...

U.S. Natural Gas Demand for LNG Hits Record High

On the last trading day of 2024, U.S. natural gas demand from liquefied natural gas (LNG) export plants surged to an unprecedented 15.2 billion...

2024 Stock Market Wrap-Up: Gains Despite a Soft Finish

The U.S. stock market closed 2024 on a high note, even though it stumbled slightly on the year's final trading day. Here’s a breakdown...

Bitcoin to Hit $1 Million by 2025? Samson Mow’s Bold Predictions

Prominent Bitcoin advocate and JAN3 CEO Samson Mow kicked off 2025 with a bold set of predictions for Bitcoin and the broader cryptocurrency market....

Goldman Sachs’ Economic Outlook for 2025: Key Questions and Projections

Introduction Goldman Sachs economists have identified critical questions shaping the U.S. economy in 2025, offering a forward-looking perspective on GDP growth, consumer spending, labor market...

Big Lots Receives Approval for Store Sale Amid Bankruptcy

Big Lots (NYSE:BIG) has secured a last-minute deal to sell 200 to 400 of its stores, enabling the retailer to remain operational under new...

Citigroup and Bank of America Exit Net-Zero Banking Alliance

Citigroup (NYSE:C) and Bank of America (BofA) have announced their withdrawal from the Net-Zero Banking Alliance (NZBA), joining Wells Fargo and Goldman Sachs, which...

U.S. Stock Futures Dip Amid Cautious Start to 2025

U.S. stock index futures opened the year on a weaker note, reflecting investor caution after a robust but volatile 2024. Gains driven by artificial...

Apple Faces Declining iPhone Sales Amid Weak Demand in China

Apple Inc. (NASDAQ: AAPL) is set to face weaker iPhone sales in December as demand in China, one of its largest markets, continues to...

Asian Markets Slide Amid Weak Chinese Factory Data and Wall Street’s Year-End Decline

Asian stocks saw a bearish start to 2025, with several indices reflecting investor concerns over weak manufacturing activity in China and the spillover effects...

Apple’s iPhone Discounts in China: A Strategic Move Amid Intensifying Competition

Apple has taken an unusual step to defend its position in China’s smartphone market: offering rare discounts on its latest iPhone 16 series. From...

Wells Fargo’s 2025 Market Predictions: Insights for Investors

Introduction Wells Fargo (NYSE:WFC) has released its much-anticipated market predictions for 2025, covering economic trends, technological innovations, and geopolitical shifts. These insights provide a strategic...

Marjorie Taylor Greene Invests in Adobe Inc. (NASDAQ:ADBE)

  Adobe Inc. (NASDAQ:ADBE) leverages its product variety and AI integration to enhance user experience and market share. The company's strong financial performance in FY2024, with...

Comcast to spin off NBCUniversal cable channels, MSNBC, CNBC, USA, Peacock to remain, CWEB reports

Comcast (CMCSA) announced Wednesday that it would spin off its cable channels such as USA Network, CNBC, and MSNBC, while Peacock and other properties...

Avid Bioservices, Inc. (NASDAQ: CDMO) Under Investigation Amid Proposed Sale

The proposed sale of Avid Bioservices, Inc. (NASDAQ:CDMO) to GHO Capital Partners LLP and Ampersand Capital Partners at $12.50 per share is being investigated...

BMO Capital Downgrades DOW (NYSE:DOW) Amid Market Performance Concerns

BMO Capital downgraded DOW (NYSE:DOW) from "Market Perform" to "Perform" with a current stock price of $40.09. The Dow Jones Industrial Average, including DOW, is...

Legend Biotech Poised for Long-Term Growth

Piper Sandler analysts reaffirmed an Overweight rating and a $78 price target for Legend Biotech (NASDAQ:LEGN), reflecting confidence in the company’s long-term growth potential...

Polaris Price Target Cut to $72 Amid Dealer Challenges and Consumer Debt Concerns

Baird analysts reduced their price target for Polaris Industries (NYSE:PII) to $72 from $84 while maintaining an Outperform rating on the stock. The revised...

Wolfe Research Maintains Positive Outlook on Boeing Amid Aviation Incidents

Wolfe Research analysts reaffirmed their Outperform rating and a $195 price target for Boeing (NYSE:BA), emphasizing that recent aviation incidents have no material impact...

SunCar Tech Group Initiated With Buy at BTIG Amid Strong Growth Potential

BTIG analysts initiated coverage of SunCar Tech Group (NASDAQ:SDA) with a Buy rating and a $12 price target, highlighting the company’s significant growth opportunities...

Madison Square Garden Entertainment Named Best Idea for 2025 at Guggenheim

Guggenheim analysts reiterated their Buy rating and a $48 price target for Madison Square Garden Entertainment (NYSE:MSGE), positioning the company as their top investment...
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