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Business

Nike Overhauls Leadership COO Role Created, Tech and Commercial Chiefs Ousted Amid Turnaround CWEB Business News

Key Highlights: Nike eliminates its Chief Technology Officer and Chief Commercial Officer positions in a major executive reshuffle. The sportswear giant is consolidating power...

Netflix Secures Hollywood Legacy in Historic $72 Billion Warner Bros. Acquisition, Reshaping Streaming Wars CWEB Business News

Key Points: Netflix will acquire Warner Bros. film studio and HBO Max in a landmark $72 billion transaction, fundamentally consolidating media power. The deal...

Vaccine Panel Overhaul Weighs on Moderna, Pfizer, BioNTech Shares

Shares of leading vaccine makers fell on Monday following the U.S. decision to replace all members of the Advisory Committee on Immunization Practices (ACIP),...

Bernstein Sticks with $200K Bitcoin Forecast as Blockchain Moves Mainstream

Bernstein analysts reiterated their “high?conviction but conservative” Bitcoin price target of $200,000 for this cycle, while highlighting a tectonic shift as institutional and corporate...

Asian Stocks Rise on Hopes of Eased U.S.?China Chip Restrictions

Most Asian markets climbed on Tuesday, buoyed by optimism from ongoing U.S.?China trade negotiations and reports that President Trump may roll back chip export...

Exclusive: CWEB Analysts Weigh In on 23andMe Founder Anne Wojcicki’s Bold Bid to Reclaim Company with Fortune 500 Backing

Menlo Park, CA – June 10, 2025 (CWEB News) – In a stunning twist to the 23andMe bankruptcy saga, founder Anne Wojcicki is mounting...

Gold Holds Steady, Platinum Soars Ahead of Crucial U.S.-China Trade Talks

Gold prices steadied in Asian trade on Monday, holding onto last week’s gains as investors turned cautiously optimistic ahead of high-stakes U.S.-China trade talks...

U.S. Stock Futures Ease as Investors Brace for Trade Talks and Inflation Data

U.S. Stock Futures Ease as Investors Brace for Trade Talks and Inflation Data   U.S. stock index futures edged lower on Sunday evening, reflecting investor caution...

Asian Currencies Edge Higher as Dollar Slips Ahead of US-China Trade Talks

Asian currencies saw modest gains on Monday, buoyed by a softer U.S. dollar ahead of high-stakes trade talks between the U.S. and China. While...

Analyst Moves: Boeing Upgraded, Pinterest Rallies, Apple Downgraded — Here’s What You Need to Know

This week saw a flurry of analyst activity on major U.S. stocks as Bank of America, JPMorgan, and Needham issued high-profile rating shifts on...

Japan’s Economy Shrinks Less Than Feared Amid Trade Tensions and Tepid Spending

Japan's economy contracted 0.2% year-on-year in the first quarter of 2025, slightly better than the previously estimated 0.7% drop, as revised government data showed...

Qualcomm to Acquire UK-Based Alphawave in $2.4 Billion AI Connectivity Push

Qualcomm (NASDAQ:QCOM) has announced a definitive agreement to acquire Alphawave IP Group, a U.K.-based chipmaker, in a $2.4 billion deal aimed at strengthening its...

Bitcoin Holds Steady as Markets Eye US-China Talks and Inflation Data

Bitcoin hovered around $105,000 in early Monday trading, as investors remained cautious ahead of two key macro events — U.S.-China trade negotiations and an...

Google Gemini Introduces ‘Scheduled Actions’ to Automate Daily Routines

Google (NASDAQ: GOOGL) is enhancing its AI assistant, Gemini, with a powerful new feature called 'Scheduled Actions', aimed at making digital productivity smarter and...

Tesla’s Top Robot Executive Steps Down: What It Means for the Optimus and Autopilot Vision

Tesla (NASDAQ: TSLA) is once again facing a leadership shakeup, this time within one of its most ambitious initiatives—the Optimus humanoid robot program. Milan...

UnitedHealth’s New CEO Faces Pivotal Year: Bernstein Flags Three Strategic Priorities

Following UnitedHealth Group’s (NYSE: UNH) annual shareholder meeting, analysts at Bernstein outlined three major priorities for newly reappointed CEO Steve Hemsley—signaling a potential strategic...

The Children’s Place, Inc. (NASDAQ: PLCE) Faces Financial Challenges in Q1

The reported earnings per share (EPS) of -$1.52 fell significantly short of the estimated -$0.51. Revenue for the quarter was $242.1 million, missing the estimated...

Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Update and Financial Overview

Casey's General Stores, Inc. (NASDAQ:CASY) receives a "Buy" recommendation from Benchmark ahead of its fourth-quarter financial results. Despite an expected decrease in earnings per share,...

Invesco QQQ Trust (NASDAQ:QQQ) Rating Update and Market Insights

The Invesco QQQ Trust (NASDAQ:QQQ) received a "Mixed" rating from Edward Jones, indicating a cautious market approach. QQQ's price was $529.92, reflecting a 0.98% increase, amidst...

Cantor Boosts AMD Price Target to $140 Ahead of Key AI Product Event

Cantor Fitzgerald increased its price target on Advanced Micro Devices (NASDAQ:AMD) to $140 from $120, while maintaining an Overweight rating. The move comes in...

Goldman Sachs Downgrades Mobileye to Neutral Amid Competitive Pressures and Slower AV Adoption

Goldman Sachs downgraded Mobileye N.V. (NASDAQ:MBLY) from Buy to Neutral, maintaining its price target at $17. The decision reflects growing concerns about heightened competition,...

Cantor Fitzgerald Begins Coverage on Docebo with Overweight Rating, Shares Rise 3 percent

Cantor Fitzgerald initiated coverage on Docebo (NASDAQ:DCBO) with an Overweight rating and a 12-month price target of $35, citing the company’s strong position in...

DA Davidson Upgrades Fifth Third Bancorp to Buy

DA Davidson upgraded Fifth Third Bancorp (NASDAQ:FITB) from Neutral to Buy, raising the price target to $47 from $42. The move follows a series...

Deutsche Bank Starts eToro at Buy, Shares Up 3 percent

Deutsche Bank initiated coverage on eToro Group (NASDAQ:ETOR) with a Buy rating and a price target of $70, highlighting the platform’s unique positioning in...

KeyBanc Lifts Walmart Price Target, Citing Strong Momentum in Digital and Profit Growth

KeyBanc raised its price target on Walmart (NYSE:WMT) to $110 from $105 while reaffirming an Overweight rating, following its attendance at the retailer’s annual...

Bank of America Sticks With “Buy” on Walmart, Sees $120 Target

Analysts at Bank?of?America reiterated their “Buy” rating on Walmart?Inc. (NYSE:?WMT), raising no doubts about the retail behemoth’s enduring value proposition, omni?channel expansion, and growing...

Walmart to Add Beloved Wienerschnitzel Restaurants to Select Stores, CWEB News Reports

Iconic hot dog chain brings full menu to retail locations starting Fall 2025 BENTONVILLE, AR (CWEB News) – Walmart (WMT) is expanding its in-store offerings...

CWEB News Exclusive: The Trump Renaissance Continues as May Jobs Report Shatters Expectations, Signaling Economic Ascent

WASHINGTON, D.C. – CWEB News is proud to report a striking display of economic momentum, as the latest Bureau of Labor Statistics data reveals...

Anixa Biosciences, Inc. (NASDAQ:ANIX) CEO’s Recent Stock Purchase Highlights Confidence in Breast Cancer Vaccine

Kumar Amit, CEO of Anixa Biosciences, Inc. (NASDAQ:ANIX), purchased 10,000 shares, increasing his total ownership to 569,925 shares. Anixa's innovative breast cancer vaccine targets ?-lactalbumin...

The Toro Company (NYSE:TTC) Surpasses Earnings Expectations in Q2 Fiscal 2025

Earnings Per Share (EPS) of $1.42, beating the Zacks Consensus Estimate of $1.38. Revenue reported at approximately $1.32 billion, slightly below the estimated $1.35 billion. Price-to-Earnings...

G-III Apparel Group, Ltd. (NASDAQ: GIII) Earnings Preview and Financial Analysis

G-III Apparel Group, Ltd. (NASDAQ:GIII) is a renowned global fashion company with a diverse portfolio of brands. The company is eagerly awaiting the release...

Canopy Growth Corporation Faces Legal Challenges Amid Financial Struggles

Canopy Growth Corporation (NASDAQ:CGC) is under legal scrutiny for allegedly misleading statements regarding its financial health and cost reduction measures. The company reported a significant...

Ciena Corporation (NYSE:CIEN) Earnings Report Analysis

Earnings per share (EPS) of $0.42 was reported, missing the estimated $0.51, marking a -19.23% earnings surprise. Revenue for the quarter was $1.13 billion, exceeding...

MPLX LP (NYSE:MPLX) Maintains Strong Position in Energy Sector Amid Market Volatility

Barclays reaffirmed an "Overweight" rating for MPLX, indicating a positive outlook on the company's performance. MPLX's stock price has seen a 3.6% increase since its last...

Brown-Forman Corporation’s Earnings Report Highlights

Brown-Forman Corporation, trading under the symbol BF-B on the NYSE, is a prominent player in the alcoholic beverage industry, known for its iconic Jack...

Yext, Inc. (NYSE: YEXT) Quarterly Earnings Overview

Yext reported an EPS of $0.12, surpassing the Zacks Consensus Estimate of $0.11, indicating a 9.09% earnings surprise. The company's revenue reached $109.48 million, exceeding...

Euroseas Ltd. (NASDAQ:ESEA) Surpasses Revenue Expectations Despite Lower EPS

Euroseas Ltd. (NASDAQ:ESEA) reported earnings per share (EPS) of $2.64, missing the expected $3.41 but surpassed revenue expectations with $54.7 million. The company announced a...

News Corp (NASDAQ:NWSA): A Compelling Investment Opportunity with Strong Growth Potential

News Corp (NASDAQ:NWSA) showcases a 61.58% stock price growth potential, indicating significant upside for investors. The company boasts a robust Piotroski Score of 8, reflecting...

PACS Group, Inc. (NYSE:PACS) Quarterly Earnings Preview

Analysts expect earnings per share to be $0.42 with projected revenue of approximately $1.09 billion. The company's price-to-earnings (P/E) ratio is 40.54, indicating high investor...

MPLX LP (NYSE:MPLX) Overview: A Strong Player in the Midstream Energy Sector

MPLX LP (NYSE:MPLX) is recognized for its stable, fee-based cash flows and significant presence in major U.S. shale basins. Barclays analyst Theresa Chen sets a...

Stifel Boosts Boyd Gaming Price Target, Highlights Resilience Amid Macro Pressures

Stifel raised its price target on Boyd Gaming (NYSE:BYD) from $71 to $76 while maintaining a Buy rating, reflecting growing confidence in the company’s...

RBC Reaffirms Outperform on Adobe Ahead of Q2 Earnings

RBC Capital reiterated its Outperform rating on Adobe (NASDAQ:ADBE) with a $480 price target, expressing optimism ahead of the company’s Q2 earnings report scheduled...

Lavoro Downgraded Amid Brazil Credit Headwinds

Oppenheimer downgraded Lavoro (NASDAQ:LVRO) to Underperform from Outperform, citing near-term challenges tied to Brazil’s tight credit environment and prolonged cash conversion cycles. The firm...

Cracker Barrel Delivers Surprise Profit Beat, Lifts Full-Year Earnings Outlook, But Shares Fall 3 percent

Cracker Barrel Old Country Store (NASDAQ:CBRL) delivered a stronger-than-expected earnings report for its third quarter, but shares fell over 3% intra-day today. The company posted...

Brown-Forman Tumbles 15 percent After Earnings Miss and Cautious Outlook

Brown-Forman (NYSE:BF.B) shares slid over 15% intra-day today following a disappointing fourth-quarter report and a downbeat forecast for the year ahead. The iconic spirits producer,...

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

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

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

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

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

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...
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