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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...
Business

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...
Business

Ciena Shares Plunge 15 percent After Q2 Earnings Miss Despite Strong Revenue Surge

Business
Ciena (NYSE:CIEN) saw its stock fall over 13% intra-day on Thursday after the company posted mixed fiscal second-quarter results, with earnings coming in below...

Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) Surpasses Earnings Expectations

Business
Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) is a renowned American chain of combined restaurant and gift stores with a Southern country theme,...

Genesco Narrows Q1 Loss, Sticks to Full-Year Profit Outlook

Business
Genesco (NYSE:GCO) reported a narrower-than-expected first quarter loss and modest revenue growth, reinforcing confidence in its full-year profit targets despite ongoing tariff pressures. The...

Dollar Tree Posts Solid Sales, But Tariff Clouds Loom Over Q2 Outlook, Stock Down 7 percent

Business
Dollar Tree (NASDAQ:DLTR) delivered stronger-than-expected sales in its fiscal first quarter as value-driven shoppers turned to its aisles amid ongoing economic pressures and tariff-related...

REV Group, Inc. (NYSE:REVG) Surpasses Earnings and Revenue Estimates

Business
Earnings Per Share (EPS) of $0.70, beating the estimated $0.59. Revenue for the quarter was $629.1 million, surpassing the $614.8 million estimate. Financial Ratios indicate strong...

Coinbase Global, Inc. (NASDAQ:COIN) Faces Legal Scrutiny Amid Data Breach Concerns

Business
Coinbase Global, Inc. (NASDAQ:COIN) is under investigation by Pomerantz LLP for potential securities fraud following a significant data breach. The breach, involving a cybercriminal exploiting...

Citigroup Maintains “Buy” Rating for General Motors (GM) Amidst Competitive Auto Industry Challenges

Business
Citigroup reaffirms its "Buy" rating for General Motors (NYSE:GM), with a current stock price of approximately $47.79. GM faces stiff competition from Toyota Motor (TM),...

Yum! Brands Inc (NYSE:YUM) Stock Update and Financial Overview

Business
YUM's stock has seen an 8.7% increase year-to-date, indicating strong performance in the competitive fast-food industry. The company is showing signs of a bullish movement,...

Victoria’s Secret & Co. (VSCO) Faces Security Incident but Remains Optimistic About Financial Performance

Business
Goldman Sachs analyst Brooke Roach sets a price target of $15 for VSCO, indicating a potential decrease of about 26% from its current trading...

Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) Sees Positive Shift in Analyst Sentiment

Business
The consensus price target for Cracker Barrel (NASDAQ:CBRL) has increased from $49.82 a year ago to $63 last month, indicating growing optimism among analysts. Strategic...

Ciena Corporation (NYSE:CIEN) Quarterly Earnings Preview

Business
Earnings Expectations: Wall Street anticipates an EPS of $0.52 and revenue of $1.09 billion. Historical Performance: Ciena has a history of negative one-day returns following...

Comparative Analysis of ROIC and WACC Across Financial Institutions

Business
The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) has a ROIC of 2.28% which is significantly lower than its WACC of 6.86%, indicating...

Understanding SCYNEXIS’s Financial Efficiency in the Biotech Industry

Business
SCYNEXIS, Inc. (NASDAQ:SCYX) is a biotechnology company focused on developing innovative therapies for difficult-to-treat and life-threatening infections. The company is known for its antifungal...

THOR Industries, Inc. (NYSE:THO) Faces Potential Decline Amidst Competitive RV Market

Business
Michael Swartz from Truist Financial sets a price target of $78 for NYSE:THO, indicating a potential decline in stock value. THOR Industries is expected to...

Apple Loses Appeal to Delay App Store Ruling in Ongoing Epic Games Antitrust Case

Business
Apple has lost a key bid to delay court-ordered changes to its App Store policies, after the 9th U.S. Circuit Court of Appeals rejected...

DoorDash, Grubhub, and Uber Eats Settle NYC Lawsuit Over Delivery Fee Caps

Business
DoorDash, Grubhub, and Uber Eats have settled a lawsuit with New York City concerning the city’s permanent cap on delivery fees, marking a significant...

Alibaba and JD.com Rally as China’s 618 Shopping Festival Sparks Consumer Surge

Business
Shares of Alibaba and JD.com soared on Wednesday, lifted by strong early results from China’s annual 618 Shopping Festival, signaling a rebound in consumer...

Gold Prices Hold Weekly Gains Despite Minor Dip as Trade, Rate Uncertainty Lingers

Business
Gold prices eased slightly in Asian trade on Thursday, but the metal remained on track for a solid weekly gain as economic and geopolitical...

Wall Street Raises the Bar: Barclays Ups S&P 500 Target as Tariff Clarity Emerges

Business
After months of tariff turbulence, Barclays believes the storm may be passing. The investment bank has raised its year-end 2025 S&P 500 target to 6,050,...

Tesla and the $9 Trillion Sky: Could eVTOL Be Its Next Frontier?

Business
Tesla may soon find itself taking flight—literally. According to Morgan Stanley, the EV giant is well-positioned to enter the drone and electric vertical takeoff and...

Amazon Leverages Agentic AI to Supercharge Warehouse Robotics

Business
Amazon (NASDAQ:?AMZN) is taking “artificial intelligence” well beyond writing college essays, unveiling plans this week to embed advanced AI into its fulfillment centers. By...

Why Barclays Sees the S&P?500 at 6,050 by Year?End

Business
After a volatile spring driven by tariff talks and shifting economic data, Barclays has raised its year?end S&P?500 price target to 6,050 from 5,900....

Broadcom Inc. (NASDAQ: AVGO) Earnings Preview: A Look into the Semiconductor Giant’s Fiscal Q2 Performance

Business
Broadcom Inc. (NASDAQ:AVGO) is set to release its fiscal Q2 earnings with analysts expecting EPS of $1.57 and revenue of approximately $14.97 billion. The company's...

Why Any Stock Pullback Should Be Short?Lived

Business
Investors have been bracing for deeper sell?offs amid a torrent of negative headlines—from tariff threats to U.S. debt concerns—but HSBC strategist Max Kettner argues...

Asian Stocks Rally on Hopes of Trump?Xi Call and Political Stability

Business
Most Asian stocks rose on Wednesday amid growing optimism that U.S. President Donald Trump and Chinese President Xi?Jinping will speak this week and revive...

Morgan Stanley Maintains “Overweight” Rating on Microsoft (NASDAQ:MSFT)

Business
Morgan Stanley reaffirms its "Overweight" rating for Microsoft (NASDAQ:MSFT), signaling confidence in its future performance despite competition. Microsoft's market capitalization slightly trails behind Nvidia's, with...

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Quarterly Earnings Preview

Business
Cracker Barrel is expected to report quarterly earnings with an EPS of $0.17 and revenue of $823.6 million. The company has a history of surpassing...

Mission Produce Inc. (NASDAQ:AVO) Quarterly Earnings Insight

Business
Projected Earnings: Wall Street estimates an earnings per share of $0.03 and projected revenue of $296.15 million. International Farming Segment: A notable increase in EBITDA...

Victoria’s Secret & Co. Faces Challenges Amid Security Breach

Business
Goldman Sachs maintains a "Sell" rating for NYSE:VSCO despite surpassing first-quarter sales expectations. A security breach in May led to a temporary shutdown of corporate...

Atai Life Sciences N.V. (NASDAQ:ATAI) Financial Performance and Competitive Landscape

Business
Atai Life Sciences N.V. (NASDAQ:ATAI) is a biopharmaceutical company focused on developing innovative treatments for mental health disorders. The company aims to address unmet...

Pinterest, Inc. (NYSE:PINS) Financial Performance Analysis

Business
Pinterest's Return on Invested Capital (ROIC) of 24.79% significantly exceeds its Weighted Average Cost of Capital (WACC) of 8.29%, indicating efficient capital utilization. Compared to...

PTC Therapeutics’ Financial Performance and Capital Efficiency Compared to Peers

Business
PTC Therapeutics, Inc. (NASDAQ:PTCT) demonstrates strong capital efficiency with a ROIC of 31.66% and a WACC of 9.69%, resulting in a ROIC to WACC...

Dollar Tree, Inc. (NASDAQ: DLTR) Surpasses Earnings Expectations

Business
Dollar Tree, Inc. (NASDAQ:DLTR) reported an EPS of $1.26, beating the estimated $1.19. The company's revenue reached approximately $4.64 billion, surpassing expectations. Dollar Tree, Inc. (NASDAQ:DLTR)...

Thor Industries, Inc. (NYSE:THO) Surpasses Earnings and Revenue Estimates

Business
Impressive Earnings Per Share (EPS): THO reported an EPS of $2.53, significantly beating the estimated $1.76 and showing a notable improvement from the previous...

VersaBank’s Earnings Report Analysis

Business
VersaBank's EPS of $0.18 fell short of the anticipated $0.21, marking a negative surprise of 14.29%. The company reported revenue of approximately $21.87 million, slightly above...

American Public Education Inc. (NASDAQ:APEI) Sees Strategic Share Sale and Impressive Growth

Business
325 CAPITAL LLC, a director and 10 percent owner of NASDAQ:APEI, sold 54,913 shares, yet the company's stock has risen by 12.6% since its...

Why AI Code Generation Startups Are Disrupting Software Development

Business
Two years after ChatGPT’s launch, generative AI’s return on investment remains uncertain across many sectors. But in software development, AI-powered code generation is making...

Texas Removes BlackRock from Energy Boycott List After Shift in Climate Stance

Business
On Tuesday, Texas removed BlackRock (NYSE: BLK) from its list of companies viewed as boycotting the energy industry, following significant scaling back of the...

Xpeng Partners with Huawei to Boost EV Tech, Shares Surge in Hong Kong

Business
Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV, HK: 9868) saw its shares rise sharply in Hong Kong trade on Wednesday following the announcement...

Nasdaq 100 Leads Global Tech Rally in May, Surpassing European Peers

Business
The Nasdaq 100 index emerged as the top-performing global technology benchmark in May, delivering an impressive 8.8% gain and outperforming Europe’s STOXX Europe 600...

Oil Prices Slip as OPEC+ Output Outlook Weighs on Sentiment

Business
Canadian Wildfire Supply Fears Provide Limited Support Oil prices edged lower in Asian trade on Wednesday, as concerns about rising OPEC+ output and persistent U.S.–China...

Gold Prices Hold Firm as Geopolitical Risks Offset Trade Optimism

Business
Market Uncertainty Keeps Bullion Steady Despite Renewed Risk Appetite Gold prices traded sideways in Asian markets on Wednesday, holding near multi-week highs as investors weighed...

Deutsche Bank Lifts S&P 500 Forecast to 6,550 as Tariff Pressures Ease

Business
Wall Street Eyes Higher Gains as Earnings Outlook Strengthens Deutsche Bank has raised its S&P 500 target to 6,550, up from 6,150, signaling increased confidence...

Nasdaq 100 Powers Ahead in May: AI, Trade Optimism, and The Magnificent 7 Fuel Tech Rally

Business
U.S. Tech Reclaims Global Momentum with an 8.8% Surge The Nasdaq 100 index outperformed global tech peers in May, surging 8.8%—its strongest monthly gain since...

AMC’s New Advertising Strategy Aims to Bolster Revenue

Business
AMC Entertainment has announced it will increase pre?movie advertisements, striking a deal with National CineMedia to introduce a “platinum spot” before each showing starting...

Bank of America’s Credit Rating Confirmed by Fitch

Business
Fitch Ratings reaffirmed Bank of America Corporation’s (NYSE: BAC) Long?Term Issuer Default Rating (IDR) at AA? and Short?Term IDR at F1+ on June 3,...

Tesla UK Sales Plummet 45 percent in May 2025

Business
Tesla’s new-car deliveries in Britain fell sharply in May 2025, with 1,758 units sold—down from 3,244 a year earlier. Despite this drop, Tesla remains...

Bitcoin Price Rebounds Amid U.S. Trade Tariffs Uncertainty

Business
Bitcoin rebounded modestly on Tuesday, clawing back from a weekend low near $103,000 after peaking at almost $112,000 in May. Despite this uptick, crypto...
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