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Business

Microsoft Slashes Xbox Game Pass Prices as ‘Call of Duty’ Delays Subscription Launch by One Year CWEB

Microsoft is cutting Game Pass Ultimate and PC Game Pass prices after a controversial 50% hike just months ago.Future “Call of Duty” titles will...

Apple Partners with Amazon’s Satellite Network for iPhone and Watch from Earlier Starlink Rejection

Apple has chosen Amazon’s Project Leo as its primary satellite connectivity provider for iPhones and Apple Watches, marking a major shift years after passing...

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....

Skydance and Paramount Dismiss Objections to $8.4 Billion Merger

In a significant move for the entertainment industry, Skydance Media and Paramount Global have successfully dismissed objections to their planned $8.4 billion merger. The...

Biden’s Decision on U.S. Steel Acquisition: What You Need to Know

The U.S. government is on the verge of a major decision regarding Nippon Steel’s acquisition of U.S. Steel. After a recommendation from the Committee...

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...
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