Cisco CEO Chuck Robbins being interviewed in Davos, Switzerland, January 21, 2016. David A. Grogan | CNBC Cisco shares fell by as much as 7% after hours on Wednesday after the company reported weaker-than-expected guidance. It had already dropped 4% during the day on a disastrous day for stocks. Here’s what the company reported: Earnings:
Esther George, John Williams and Jerome Powell, at Jackson Hole, Wyoming, August 24, 2018. David A. Grogan | CNBC If the markets get their way, Fed Chairman Jerome Powell will use the Fed’s Jackson Hole symposium to clarify whether the Fed is at the beginning of a serious rate cutting cycle — or just intending
Actor Sean Connery, as James Bond, on the set of Eon Productions’ “Goldfinger” with a 1964 Aston Martin DB5 Bettmann | Getty Images One of the most famous movie cars of all time – James Bond’s Aston Martin DB5 – sold at auction Thursday night for $6.4 million. The car, one of just three surviving
General Electric bounced back Friday after the CEO shored up confidence by purchasing a bulk of company shares, and analysts defended the industrial giant. GE’s stock was up more than 6% on Friday morning following its biggest drop since April 2008 a day earlier. GE shares had tanked 11% on Thursday. The stock began its
As student debt grows, so do the plans to squelch it. A new federal program offers up to $75,000 in student loan relief for those who work for three years in the health-care field, battling the opioid epidemic. The South Korean auto maker Hyundai announced recently that it will give $900 to people with student
Headlines blared when a rare anomaly occurred in the bond market. While the yield curve has been inverted in a general sense for some time, for a brief moment the yield of the 10-year Treasury dipped below the yield of the 2-year Treasury. This hasn’t happened since the depths of the 2008/2009 recession. The news
Fitness meets interior design. Lily Glass Photography Most boutique fitness studios in Los Angeles have pretty standard builds. They’re clean, have a calming vibe, and are contemporary or modern in terms of design. However, there’s nothing really remarkable about the aesthetics. Enter Paris Pilates, which opened in spring 2019. Located in the trendy Silver Lake
President Donald Trump, right, speaks as Tim Cook, CEO of Apple, listens during the American Technology Council roundtable hosted at the White House in Washington, D.C. Zach Gibson | Bloomberg | Getty Images President Donald Trump tweeted on Friday that he plans to have dinner with Apple CEO Tim Cook. “Having dinner tonight with Tim
Nvidia stock rose 7% on Thursday after hours, after the company reported better-than-expected fiscal-second quarter earnings. Here’s what the company reported: Earnings: $1.24 per share, excluding certain items, vs. $1.15 per share as expected by analysts, according to Refinitiv. Revenue: $2.58 billion, vs. $2.54 billion as expected by analysts, according to Refinitiv. Nvidia’s revenue fell
U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services’ sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services | Handout | Reuters An investigation into Jeffrey Epstein’s possible suicide attempt last month —