Consumer spending jumped in July as retail sales were up 1%, much better than expected
Retail sales were projected to increase 0.3% in July, according to the Dow Jones consensus estimate.
‘I see a lot of denial’: C-suite advisor says business bosses still expect a Trump win
U.S. business leaders are “in denial” about Kamala Harris’ growing lead over Donald Trump, according to C-suite advisor Tina Fordham.
Amazon to test Prime Air drone delivery service in the UK
Amazon and six other organizations will take part in a trial that will test the use of drone flights to remote locations.
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.
