(Reuters) -Cisco Systems Inc cut its full-year forecast for both adjusted profit and revenue on Wednesday as COVID lockdowns in China and the war in Ukraine hurt its business in the third quarter.
SAN FRANCISCO (Reuters) -Tesla Inc CEO Elon Musk said on Wednesday that while he voted for Democrats in the past, he will now vote for Republicans.
Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.
Cisco Systems Inc missed estimates for third-quarter sales on Wednesday, hurt by COVID lockdowns in China and the war in Ukraine.
Wall Street tumbled on Wednesday, with Target losing a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.
Philadelphia Federal Reserve Bank President Patrick Harker on Wednesday said he expects the U.S. central bank to deliver two more half-point rate hikes before switching to quarter-point increments until the "scourge" of inflation is beaten back.
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