Inside the $93 million Wall Street heist that stemmed from Russia
“The Crimes of Putin’s Trader” recounts the rise and fall of Vladislav Klyushin and his business empire. He was just released from a U.S. prison in a prisoner swap.
Biden administration releases prices of 10 drugs in Medicare negotiations, says U.S. will save $6 billion in first year
It is a milestone in a controversial process that aims to make costly medications more affordable for older Americans but is strongly opposed by drugmakers.
Columbia University president resigns months after Israel-Hamas war protests roiled campus
Columbia University President Minouche Shafik said she resigned on Wednesday, nearly four months after overseeing the university’s handling of campus protests over Israel’s war in Gaza.
Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter
Cisco reported its third straight quarter of declining revenue and announced a large restructuring plan that will result in $1 billion in pretax charges.
Goldman believes this maker of software for banks offers 30% upside
The Wall Street investment bank says headwinds around cloud-based software provider nCino are clearing just as the higher-for-longer rate backdrop fades.
Here’s the inflation breakdown for July 2024 — in one chart
The consumer price index has risen 2.9% since July 2023, the lowest annual reading since March 2021.
Annual inflation rate slows to 2.9% in July, lowest since 2021
The consumer price index was expected to show a 0.2% increase in July and a 3% gain over the past year.
Google’s live demo of Gemini ramps up pressure on Apple as AI reaches smartphone users
While Google’s live demo on Tuesday had some bugs, the company showed it’s closer than its rivals to bringing artificial intelligence to smartphones.
Reddit’s increased reliance on Google traffic has Wall Street anxious to see if visitors sign up
Reddit is currently benefiting from a Google search update, but it’s unclear how well the company will attract new users excited enough to create accounts.
