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Business, Stocks

“Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter”

“Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020. The company said it’s cutting 7% of its global workforce. Earnings and revenue topped analysts’ estimates. Prior to Wednesday’s close, the… Continue Reading…

Economy

“China reports double-digit plunge in July exports and imports, missing expectations”

“China said Tuesday that exports fell by 14.5% in July from a year ago, while imports dropped by 12.4% in U.S. dollar terms. That’s worse than what analysts had expected. A Reuters poll predicted a 12.5% decline in exports in… Continue Reading…

Business

“Peloton reports big loss, decline in revenue as the company grinds through its turnaround plan”

“Peloton on Thursday reported widening losses and slumping sales in its fiscal fourth quarter as the connected fitness equipment maker attempts to win back investors with cost cuts and strategic shifts. Shares declined more than 14% in premarket trading, a day… Continue Reading…

Personal Finance

“About 70% of medical debt to be erased from credit reports: Here’s what that means for your credit score”

“The major credit bureaus, Equifax, Experian, and TransUnion, just announced a major change to how medical debt is included in your credit history. Soon 70% of medical debt will be removed from consumers’ credit reports, according to a joint statement released March 18.… Continue Reading…

Business, Stocks

“Crocs reports record revenue, raises full-year guidance amid strong demand”

“Here’s how the company did for its quarter ended June 30 compared with what analysts surveyed by Refinitiv were anticipating: Earnings per share: $2.23 adjusted vs. $1.60 expected Revenue: $640.8 million vs. $565.2 million expected During the second quarter, Croc’s… Continue Reading…

Business

“Comcast beats earnings expectations, reports Peacock sign-ups grow to 42 million”

“Comcast reported first-quarter results on Thursday that beat analyst estimates on the top and bottom lines. Shares were up more than 3% in the morning. Here are the key numbers: Adjusted earnings per share: 76 cents vs 58 cents expected in a… Continue Reading…

Economy, Personal Finance

“Fidelity Reports 79% of Women Feeling Financial Stress”

“A Fidelity survey conducted in early February among 2,007 U.S. adults found that 79% of women were experiencing financial stress, up from 67% in October. Even as they were reporting feelings of financial stress, 71% of women surveyed said they planned to… Continue Reading…