Articles

China’s central bank shifts date of key policy loan operation

China’s central bank shifted the date of its monthly medium-term lending operation, a widely expected move that’s part of monetary policy overhaul aimed at letting short-term rates play a bigger role in guiding markets.

Cisco sees an AI boost, but this was the real star of the show

Cisco Systems Inc. posted impressive fiscal fourth-quarter results Wednesday, and while company executives touted an AI boost, the real star of the show was its fat profit margins, driven by both a resurgence in enterprise orders and cost-cutting.

NASA to decide how Starliner astronauts will be brought home by end of August

NASA will make a decision on how to bring astronauts Butch Wilmore and Suni Williams home by the end of August, the space agency said during a press conference Wednesday.

George Soros’s fund places new bets on Apple, Broadcom

Billionaire investor George Soros’s investment fund placed new bets on Apple Inc. and other tech companies in the second quarter.

Stanley Druckenmiller trims holdings of ‘Magnificent Seven’ names

The latest 13-F filing from Stanley Druckenmiller’s Duquesne Family Office revealed hat he had trimmed his positions in several “Magnificent Seven” stocks.

Have car-insurance price hikes peaked? Shopping around could finally save you money — just be careful.

“It’s a time to be cautious when you see a price that could be too good,” one insurance analyst said.

Warren Buffett’s Berkshire Hathaway bets on Ulta Beauty, and retailer’s stock pops 13%

Warren Buffett added to Berkshire’s positions in Sirius XM Holdings, Occidental Petroleum.

Why the Harris-Trump presidential election could be decided by crypto voters

Former Biden pollster John Anzalone says the crypto bloc could determine an “incredibly close” election.

Google’s breakup is an unlikely remedy in its antitrust case

The Justice Department may be seeking to break up Google’s search business as one of the remedies in the government’s antitrust case against the internet giant, but it’s not a likely outcome.

Cisco’s stock pops as AI spurs order growth, earnings beat

Cisco exceeded expectations with its latest quarterly results, while calling out demand related to artificial intelligence.

Michael Burry of ‘Big Short’ fame ups his bets on Chinese Internet stocks

Michael Burry, the investor made famous by the book and movie “The Big Short,” shifted more of his portfolio into Chinese Internet stocks including Alibaba Group Holding Ltd. and Baidu Inc. during the second quarter, according to a filing with the Securities and Exchange Commission released Wednesday.

Alzheimer’s risk may be sharply reduced with these cheap drugs, research shows 

High blood pressure, when left untreated in older adults, is linked with substantially higher risk of Alzheimer’s disease, new research shows.
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