Cisco shares surged approximately 8% on Thursday, marking their best day since March 2020. This spike came after the computer networking company disclosed that it would be reducing its workforce by 7%. Additionally, Cisco reported quarterly results that exceeded analyst expectations, prompting Morgan Stanley analysts to describe the results as better than anticipated. Cisco announced
Investing in equities can be a challenging endeavor, requiring specialized knowledge and guidance. With the rise of social media platforms, particularly TikTok, a new source of investment advice has emerged – finfluencers. These self-proclaimed financial influencers have gained popularity among young investors, who are increasingly turning to them for tips on how to grow their
In a surprising turn of events at the box office, Blake Lively has once again triumphed over her husband, Ryan Reynolds. Lively’s film, “It Ends With Us,” which she not only starred in but also produced, raked in an impressive $5.5 million on Wednesday. This marked the third consecutive day that the romance drama, directed
A group of federal lawmakers from both sides of the aisle recently sent a letter to Meta CEO Mark Zuckerberg expressing their deep concern regarding the company’s failure to prevent illicit drug advertisements from proliferating on its platforms, including Facebook and Instagram. According to reports from The Wall Street Journal and the nonprofit Tech Transparency
In the midst of ongoing and complex litigation, Charles Cohen’s Landmark Theatres is facing a challenging period as a judge recently set an auction date for the chain and other properties. The lawsuit was initiated by lender Fortress Credit Corp. after Cohen’s real estate holding company defaulted on a $534 million loan secured by Landmark
Financial technology firm Klarna recently announced its move into the banking sector with the launch of new products aimed at disrupting traditional retail banking. This article critically analyzes Klarna’s latest offerings and their potential impact on the fintech industry. Klarna is introducing a checking account-like product called “balance” and a cashback feature to incentivize users
UBS CEO Sergio Ermotti recently expressed his concerns about the potential intensification of market volatility in the second half of the year. While global equities experienced sharp sell-offs due to weak economic data in the U.S., Ermotti stated that he does not believe the country is heading into a recession. Despite the uncertainty surrounding the
Recently, Kellanova saw its shares rise by over 6% in premarket trading after agreeing to be acquired by snackmaker Mars for $83.50 per share in cash. This deal, valued at approximately $36 billion, is expected to close in the first half of 2025. This acquisition marks a significant move in the food industry, consolidating power
Cisco Systems made waves in after-hours trading with a 6% jump in its stock price. The networking company reported an earnings and revenue beat for its fiscal fourth quarter, which can be seen as a positive sign. However, Cisco also announced that it will be cutting 7% of its global workforce. Additionally, both revenue and
The recent data showing U.S. inflation slowing down has had a significant impact on the currency markets, particularly on the value of the dollar. The euro, for instance, has reached an eight-month high in response to this data. The market is now speculating on the possibility of the Federal Reserve lowering borrowing costs in the