Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.
Palo Alto Networks is buying security assets from IBM to expand customer base
Palo Alto Networks is buying IBM’s QRadar as part of a bigger partnership between the two companies.
Dell surges 11% on optimism it has secured big AI server orders
“All-in, we are hearing about more AI server momentum at Dell than at any other OEM,” wrote Morgan Stanley’s Erik Woodring.
‘We have to do what we have to do’: Israel’s Netanyahu stands firm on Rafah offensive despite U.S. tensions
Israeli Prime Minister Benjamin Netanyahu acknowledged tensions with historical ally the U.S. over the military operation in Rafah in the Gaza Strip.
Instagram co-founder Mike Krieger joins Amazon-backed Anthropic
Instagram co-founder Mike Krieger is joining Anthropic as the chief product officer. Anthropic is one of the hottest artificial intelligence startups.
Short squeezes driven by renewed meme enthusiasm about to violently reverse, says chart analyst
The short squeeze rally over the past two days appears close to a violent reversal, according to Wolfe Research.
Biden and Trump agree to debates on June 27 and Sept. 10
President Joe Biden previously said he was open to debating his Republican challenger, former President Donald Trump.
Sen. Menendez’s wife kept him ‘sidelined’ about money woes, defense lawyer tells jurors in corruption trial
Sen. Robert Menendez, a New Jersey Democrat, and his wife are charged with accepting bribes of cash, gold bars and other items in exchange for official acts.
Amazon’s appearance at Upfronts highlights push beyond digital ads and into traditional media
Amazon made its debut Upfronts pitch to advertisers, putting it on stage with major media networks.
Mortgage demand from homebuyers drops even as interest rates pull back to April lows
Total mortgage application volume increased just 0.5% from one week earlier, according to the Mortgage Bankers Association’s seasonally adjusted index.
