Shortly after two more CEOs abandoned the White House’s manufacturing council, Trump disbands his two councils of business leaders.Read More »
Cisco stock dropped 2 percent on Wednesday after the company released earnings for the fourth quarter of its 2017 fiscal year, which ended in July. EPS: Excluding certain items, 61 cents in earnings per share vs. 61 cents in earnings per share as expected by analysts, according to Thomson Reuters. Revenue: $12.1 billion vs. $12.06 billion as expected by analysts, according to Thomson Reuters. Revenue -- which was down 4 percent year over year -- has now declined on an annualized basis for seven consecutive quarters. Still, Cisco has beaten earnings and sales estimates for every quarter since CEO Chuck Robbins took over for John Chambers two years ago. As for guidance, Cisco said for the first
Members of the Federal Reserve’s policy-setting committee expect to start the clock on shrinking its $4.5 trillion portfolio “relatively soon,” according to minutes of their July meeting. Economists widely believe the Fed will announce plans to reduce its balance sheet in September, and July’s minutes, released on Wednesday, reaffirmed that central bank officials are ready to move forward. There were some participants who wanted to kick off a balance sheet reduction at the July meeting, though most opted to stay the current course.
To help you avoid these missteps, Yahoo Finance talked with Lee Gordon, CEO of the Wealth Advisors group at Mesirow Financial. While many of us still consider our college freshmen to be kids, most are 18 years old, which legally makes them adults. Because of HIPAA laws passed in 1996, medical records and health information are closely guarded.