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Cisco (CSCO) earnings Q1 2023

A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Cisco reported fiscal first-quarter results on Wednesday that beat analysts’ estimates and boosted its guidance for fiscal 2023. …

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Credit card balances jump 15% as Americans fall deeper in debt

In an economy that has produced the highest inflation rate since the early 1980s, Americans are struggling to keep up with day-to-day expenses. More consumers are now relying on credit cards to get by, which has helped propel total credit card debt to $930 billion in the third quarter, just shy of …

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Items that got cheaper in October

With the inflation rate up 7.7% in the last year, most things are more expensive. But the price of some items actually declined in the last month, from washing machines to jewelry to doughnuts.  Inflation has cooled from a year-over-year June peak of 9.1% to 7.7% in October, so declines …

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Biden administration warns of student loan defaults without debt relief plan

Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020. Paul Morigi | Getty Images Entertainment | Getty Images Student loan default rates could dramatically spike if the Biden administration’s loan forgiveness plan is blocked, a top official for the …

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Amazon lays off some devices employees: Read the memo

David Limp, senior vice president of devices and services at Amazon.com Inc., presents the Amazon Echo Dot smart speaker during an unveiling event at the company’s Spheres headquarters in Seattle, Washington, U.S., on Thursday, Sept. 20, 2018. Andrew Burton | Bloomberg | Getty Images Amazon is laying off some employees …

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Posting salaries is just a start for pay transparency—experts on what’s next

Salary ranges are now required by law on New York City job ads, and HR teams overseeing some 4 million private-sector workers in the city have spent the year preparing. They’ve had their work cut out for them to revisit their pay scales, make internal pay adjustments, overhaul their applicant …

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Sharp drop in mortgage rates does little to boost demand

A home for sale in the Mission Hills area of Los Angeles Tuesday, Oct. 11, 2022 in Mission Hills, CA. Brian Van Der Brug | Los Angeles Times | Getty Images Mortgage application volume rose 2.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally …

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How to reduce your cryptocurrency tax bill before year-end

After a rough year for cryptocurrency, taxes may not be a top priority for digital currency investors battered by steep losses. But the falling crypto market and the recent collapse of digital currency exchange FTX may affect next year’s tax bill — and beyond, according to financial experts. related investing …

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Passed on FTX investment, twice, says former Treasury Sec Mnuchin

Former U.S. Treasury Secretary Steven Mnuchin thinks the correction in the equity markets has turned into a positive, especially for tech companies that “had gotten to craziness” and now present some good opportunities. But one overvalued tech bet he never liked was bankrupt crypto trading firm FTX, which collapsed spectacularly …

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IPO funds raised in Southeast Asia fall amid tough economic conditions

Executives of PT Global Digital Niaga, the owner of Indonesias e-commerce group Blibli, attend the company’s listing ceremony at the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia, on Tuesday, Nov. 8, 2022. Global Digital Niaga, backed by Djarum Group, also owns an online travel business and supermarket chains. Photographer: Dimas Ardian/Bloomberg …

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