August 2024 - Page 21 of 34

Market rallies on softer inflation data, Dow jumps more than 350 points

Stocks rose on Tuesday, boosted by encouraging inflation data and a renewed sense of optimism among investors. The Dow Jones Industrial Average rose more than 350 points, bringing the broader…

Investments and Business

UBS CEO cautious on U.S. economy amid market volatility

Kyle C. Garrison

UBS CEO Sergio Ermotti has been cautious about the potential for a U.S. economic recession, despite recent market turmoil. While acknowledging the possibility of a slowdown, Ermotti stressed the need…

Science and Technology

Cisco Systems announces major workforce reduction and plans to cut 6,000 jobs

Kyle C. Garrison

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.…

Politics

Court criticizes Jordan Chiles’ improper refereeing in Olympic test event, denies him several bronze medals

Kyle C. Garrison

WASHINGTON — In a recent judicial review, the Court of Arbitration for Sport criticized the handling of the judging at the Paris Olympics, particularly in the women’s floor exercise event…

Health

W.H.O. issues global health alert for mpox as cases increase in Africa

Kyle C. Garrison

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…

Politics

Hurricane Ernesto hits Puerto Rico and rises to category 1

Kyle C. Garrison

Hurricane Ernesto has had a severe impact on Puerto Rico, having been upgraded to a Category 1 hurricane upon landfall. The storm's strong winds and heavy rains have caused widespread…

Culture and Entertainment

Embracer Group records sharp decline in show revenues and finalizes exit from Russian market

Kyle C. Garrison

Embracer Group, the entity that owns the rights to The Lord of the Rings, has reported a significant decline in revenue in its Entertainment and Services segment in the first…

Airwallex aims to go public in 2026 after reaching 0 million in revenues

Politics

Airwallex aims to go public in 2026 after reaching $500 million in revenues

Kyle C. Garrison

Airwallex, a Tencent-backed fintech startup recently valued at $5.5 billion, has reached a significant financial milestone by hitting $500 million in annual revenue. The company’s CEO and co-founder Jack Zhang…

Investments and Business

Inflation falls to 2.9% in July, its lowest level in two years

Kyle C. Garrison

July saw a moderation in inflation rates, with the annual inflation rate decelerating to 2.9%, a figure last seen in early 2021, according to the latest data from the Labor…

Politics

From Ames to stardom: the unexpected rise of Brock Purdy

Kyle C. Garrison

A new chapter opens in Ames, Iowa as Brock Purdy’s rapid rise to NFL stardom is celebrated. Brock Purdy, the current San Francisco 49ers starting quarterback and MVP runner-up, hasn't…