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Cisco (CSCO) Q3 earnings report 2026

Cisco CEO Chuck Robbins speaks at the Semafor World Economy summit in Washington on April 15, 2026. Alex Wong | Getty Images Cisco shares soared 15% in extended trading on Wednesday after the networking company issued results and guidance that topped Wall Street’s projections. The company said it’s cutting its workforce this quarter by fewer...
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Mortgage rates jump to highest level since March

An exceptionally hot read on inflation early Wednesday, the government’s Producer Price Index, or PPI, sent bond yields higher, and mortgage rates followed. Rates had already been surging higher earlier this week on news of more trouble in negotiations over the Iran war. The average rate on the popular 30-year fixed mortgage rose Wednesday to...
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PPI inflation report April 2026:

Wholesale prices in April posted their highest annual increase in more than three years, signaling more nettlesome inflation as pipeline costs intensify. The producer price index rose a seasonally adjusted 1.4% for the month, much higher than the 0.5% Dow Jones consensus forecast and the upwardly revised 0.7% March increase, the Bureau of Labor Statistics...
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Mortgage rates move to highest level in 5 weeks

Homes at a new development in Fontana, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images Homebuyers appear to be getting used to the new normal of higher mortgage rates, even the highest in over a month. Buyer demand for mortgages helped to push total mortgage application volume up 1.7%...
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Trucking, construction industries buck Trump on gas tax pause

Opposition to President Donald Trump‘s plan for a gas tax holiday to ease cost-of-living concerns is coming not just from his political foes, but also from the Republican-leaning trucking and construction sectors. Those industries rely heavily on the road and transportation infrastructure projects funded by the federal gas and diesel taxes. “A gas tax holiday...
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