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The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The report said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists had expected retail sales to rise by 0.3…

The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward trend seen over the past several sessions. Easing concerns about the economic outlook may generate continued buying interest on Wall Street after the Commerce Department released a report showing much stronger than expected retail…

U.S. index futures rose slightly in Thursday’s pre-market trading, driven by signs of easing inflation and a rebound in stocks after a week of heavy global sell-offs. Positive inflation data and strong performances from companies like Cisco (NASDAQ:CSCO) and Ulta Beauty (NASDAQ:ULTA) boosted investor confidence, while the Federal Reserve may consider lowering interest rates at…

Cisco Systems (NASDAQ:CSCO) – The networking and IT solutions company reported adjusted earnings of 87 cents per share on revenue of $13.64 billion, while analysts surveyed by LSEG expected it to earn 85 cents per share on revenue of $13.54 billion. Cisco also announced a $1 billion restructuring plan and a 7% reduction in its…

AI surpasses Bitcoin mining in energy consumption Recent research reveals that the energy consumed by artificial intelligence (AI) systems may be surpassing that used in Bitcoin mining. With the growing adoption of generative AI, it’s estimated that AI will consume 169 TWh in 2024 and 240 TWh by 2027, compared to 160 TWh for Bitcoin…

A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July after edging down by 0.1 percent in June. The modest increase by consumer prices…

The major U.S. index futures are currently pointing to a roughly flat open on Wall Street on Wednesday, with stocks likely to show a lack of direction following the rally seen in the previous session. The futures remained little changed even after the Labor Department released its highly anticipated report on consumer price inflation in…

U.S. stock index futures are little changed in pre-market trading on Wednesday after a strong recovery in stocks on Tuesday. The indices surpassed the levels seen on August 2, prior to the global sell-off on August 5. The rapid recovery has prompted caution among analysts, and today’s CPI report could influence the market, while concerns…