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.
Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year
Applications to refinance a home loan surged 35% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Instagram is failing to crack down on hate speech against women politicians as elections near, advocacy group says
Instagram failed to remove toxic comments directed at U.S. Vice President Kamala Harris and other leading female politicians, the CCDH said in a report.
Wednesday’s big CPI inflation report could mark a change in thinking for the Fed
The news Tuesday was good for inflation, and investors hope it will get even better Wednesday.
