Cisco Q4 earnings: ‘its real challenge is market share loss’
Shares of Cisco Systems Inc (NASDAQ: CSCO) are up 4.0% in extended trading after the networking-equipment company reported market-beating results for its fiscal fourth quarter. Cisco Q4 earnings snapshot Net income slid 6.0% year-over-year to $2.82 billion EPS of 68 cents was below
Apple shares are on their way to $200: Credit Suisse
Apple Inc (NASDAQ: AAPL) has already bounced more than 30% off its low in mid-June but a Credit Suisse analyst says it’s a roller coaster that only goes up. Apple shares have another 15% upside from here The multinational has an installed
Jim Cramer on Sempra Energy stock: ‘I would buy that’
Sempra Energy (NYSE: SRE) has recovered roughly 20% since mid-June but famed inventor Jim Cramer is convinced the stock is not out of room to run just yet. Cramer’s bull case for Sempra Energy stock Cramer expects the energy infrastructure company to
BHP breakout, 50-MA support, and strong fundamentals pushing price to $62?
Shares of BHP Group Limited (LON:BHP) traded up 4% on Tuesday after strong FY22 results. That was after the net profit rose 173% to close the year at $30.9 billion. The underlying attributable profit of the company was $23.8 billion,
Canadian firm writes off $150M Celsius bet
Caisse de Depot et Placement du Québec (CDPQ), one of the largest pension fund managers in Canada, has reportedly written off the $150 million investment it put in bankrupt crypto lender Celsius Network. In a press release on Wednesday, CDPQ acknowledged
Genesis CEO steps down as crypto broker slashes workforce
Genesis CEO Michael Moro has stepped down, with Chief Operating Officer Derar Islim elevated to interim Chief Executive Officer, the New York-based crypto broker announced on Wednesday. The company says it has commenced efforts to bring on board a full-time replacement. Genesis’
U.K. inflation tops 10%: ‘the worst is yet to come’
The blue-chip FTSE 100 index is in the red on Wednesday after the U.K. Office for National Statistics said inflation climbed significantly to a new forty-year high of 10.1% in July. Vanguard economist reacts to the CPI print In comparison, the Reuters
Target stock is a ‘buy’ after lower-than-expected Q2 profit: Analyst
Target Corporation (NYSE: TGT) is in the red on Wednesday after the retail behemoth reported lower-than-expected profit for its fiscal second quarter. Should you buy Target stock after Q2 results? Target says its gross margin contracted from 30.4% to 21.5% this quarter
Marcos OK’s review of BOT Law rules
PHILIPPINE STAR/ MICHAEL VARCASBy Diego Gabriel C. Robles THE NATIONAL Economic and Development Authority (NEDA) has been directed by President Ferdinand R. Marcos, Jr. to review certain provisions of the revised rules of the Build-Operate-Transfer (BOT) Law.“We have already received
SRA faces overhaul after import mess
Granulated white sugar and sugar cubes are seen in this picture illustration taken Dec. 16, 2018. — REUTERS/EMMANUEL FOUDROT/ILLUSTRATION/FILE PHOTOBy Kyle Aristophere T. Atienza and Luisa Maria Jacinta C. Jocson, ReportersPRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said the Sugar