Cisco posts smaller-than-expected drop in quarterly revenue, shares rise

Cisco Systems Inc on Thursday reported a smaller-than-expected drop in first-quarter revenue as more people working from home during the COVID-19 pandemic drove demand for its teleconferencing tools, networking equipment and cybersecurity products. Shares of the telecom equipment maker, which also said Scott Herren will succeed Kelly Kramer as chief financial officer starting Dec. 18, […]

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Wall Street closes sharply lower, Treasury yields drop as shutdown fears mount

Wall Street dropped in a broad sell-off and U.S. Treasury yields fell on Thursday as spiking COVID-19 infections raised the probability of a new round of economic shutdowns, and investors grappled with the realization that any potential vaccine remains months away from coming to market. The risk-off sentiment was widespread, with economically-sensitive cyclical stocks and […]

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U.S. airlines caution on winter challenges

Delta Air Lines DAL.N and Southwest Airlines LUV.N on Thursday cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings. The United States on Wednesday reported new COVID-19 infections reached an all-time daily high for a […]

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