Month: August 2024

Cisco Systems Announces Significant Workforce Reduction, Plans to Cut 6,000 Jobs
17
Aug
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By William Lee
Technology

Cisco Systems Announces Significant Workforce Reduction, Plans to Cut 6,000 Jobs

More news - Recent news Cisco Systems, a leading developer of computer networking solutions based in San Jose, California, said it will reduce its workforce by 7 percent, marking its second significant reduction this year. The decision means about 6,000 job losses from its 84,900-person workforce as of July 2023. Earlier this year, Cisco had already cut its workforce by 4,000. Despite the job cuts, Cisco reported net income of $2.16 billion for the latest quarter, a 45 percent decline from the previous year, with revenue falling 10 percent to $13.64 billion. However, those numbers still beat expectations set by…
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WHO issues global health alert for Mpox virus as cases rise in Africa
17
Aug
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By William Lee
Health

WHO issues global health alert for Mpox virus as cases rise in Africa

More news - Latest news The World Health Organization (WHO) has stepped up its response to the mpox outbreak by declaring it a global health emergency. The declaration came on Wednesday, marking the second such declaration in the past three years as the virus rapidly spreads to multiple African nations. Currently, the Democratic Republic of the Congo is experiencing the most severe impact of the outbreak, with a reported count of 15,600 cases and 537 deaths. The current outbreak has surpassed the severity of the 2022 episode, during which a similar emergency was declared. Mpox, formerly known as monkeypox, was…
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Discovering a characteristic Italian apartment uninhabited for more than two decades: a personal journey.
17
Aug
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By William Lee
Recent News

Discovering a characteristic Italian apartment uninhabited for more than two decades: a personal journey.

Related media - Recent news In 2020, Kristina Knighten, 38, and her husband Paul Cordier, 46, finalized the purchase of their picturesque home overlooking Lake Iseo in Italy. They purchased this charming two-bedroom residence for €23,000 (approximately $24,973 USD). Describing their new home, Knighten shares with CNBC Make It, "It's the kind of house you picture as a kid, complete with a gable roof, center door, and quaint upstairs windows. It's ideally located, just steps from both the train station and the lake, and it almost seems too good to be true." The duo began the renovation in March this…
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US inflation falls to three-year low, preparing for possible rate cut
17
Aug
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By William Lee
New miscellaneous

US inflation falls to three-year low, preparing for possible rate cut

More news - Recent news The United States recorded its lowest annual inflation rate in three years in July, signaling a slowdown in the smallest price increases seen in nearly four decades. That development could allow the Federal Reserve to consider cutting interest rates as early as September. The Labor Department reported that consumer prices rose just 0.2% from June to July, marking a slight acceleration but the first of its kind in four years. On an annual basis, the inflation rate came in at 2.9%, down from 3% in June, marking the lowest annual rate since March 2021. This…
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Walmart Beats Financial Forecast, Improves Full-Year Projections on Steady Consumer Demand
16
Aug
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By William Lee
Business

Walmart Beats Financial Forecast, Improves Full-Year Projections on Steady Consumer Demand

Related media - Recent news Walmart on Thursday raised its full-year guidance following a nearly 5% increase in quarterly revenue, fueled by increased activity at its brick-and-mortar stores and online platform, along with better-than-expected sales in non-food categories. The retail giant beat Wall Street forecasts in both revenue and profit, sending its stock price up 6% during morning trading. Walmart now expects full-year sales to rise 3.75% to 4.75%, with adjusted earnings per share between $2.35 and $2.43. The outlook change marks a change from previous projections, which called for sales growth of 3% to 4% and earnings per share…
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