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News

Cisco lays out restructuring plan as coronavirus crisis forces clients to hold spending

Cisco Systems Inc laid out a restructuring plan, as the coronavirus crisis forced its clients to hold back spending....

U.S. leaves tariffs on Airbus aircraft unchanged at 15%

The federal government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods...

Robinhood trading app hiring ‘hundreds’ in job ramp-up

A surge in day trading has Robinhood rolling out the red carpet for job seekers....

Pandemic hits Lyft ridership, revenue as executives cast its future in California in doubt

Lyft had 8.7 million active riders during the three months ending in July, a 60 percent decline compared to the same period one year ago....

S&P flirts with record as tech stocks drive coronavirus recovery

The S&P has rebounded 50% from the March coronavirus lows....

Polls are wrong, Trump will beat Biden: Billionaire fund manager Gundlach

Billionaire bond fund manager Jeffrey Gundlach says a "highly toxic political environment" skews the polls and that President Trump will win reelection in November....

Volatile gold, silver prices prompt CME to set tougher margins for traders

CME Group raised margin requirements for gold and silver after their sharpest one-day selloff in five months....

Ford recalling 488K US vehicles over front brake hose issue

The Ford Motor Company is recalling nearly half a million vehicles in the U.S. for safety reasons, after a discovery that they have front brake jounce hoses that are at risk of rupturing....

US consumer prices rose 0.6% in July, matching June uptick

U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise....

Goldman Sachs: Investors should bet on these parts of the stock market

The New York-based investment bank believes optimism surrounding the approval of a COVID-19 vaccine before Dec. 31 has been countered by the near-term unpredictability of reopening schools, the out...