News Stocks 

Cisco’s revenue decreased in its fiscal Q4, but it edged past Wall Street’s target

“Cisco reported its fiscal fourth-quarter earnings on Wednesday, with revenues slightly above analyst estimates” writes Becky Peterson for businessinsider.com.au. Even so, Cisco’s stock declined nearly 2% in after hours trading on Wednesday. Get the latest Cisco stock price here. Source: businessinsider.com.au Share This:

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Cloudflare has stopped protecting a widely-reviled neo-Nazi website from cyber attacks

“Cloudflare booted The Daily Stormer off of its paid service on Wednesday, a move that could leave the neo-Nazi website vulnerable to large scale cyber attacks” writes Becky Peterson for businessinsider.com.au. The company drew criticism earlier this week for continuing to support the neo-Nazi site even after other tech providers had stopped severed business ties with the site. Source: businessinsider.com.au Share This:

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We tried customized shampoo and conditioner from a $110 million beauty startup — here’s what we thought

“But rather than a “one size fits all” product, he built an algorithm that could create a customized shampoo and conditioner for each individual customer” writes Emma Fierberg for businessinsider.com. Each customer fills out an online hair quiz including their hair profile, goals, and color and scent preferences.CEO and founder Zahir Dossa launched Function of Beauty last October after coming to the realization that the beauty industry hadn’t changed much in the last 100 years and wasn’t very efficient. Source: businessinsider.com Share This:

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Microsoft just made a brilliant acquisition in the cloud wars against Amazon, Google

“These are huge application that use a lot of cloud services and rack up big cloud computing bills” writes Julie Bort for businessinsider.com.au. In the years since, Cycle Computing grew to be used by all three of the big cloud vendors, AWS, Google and Microsoft Azure.With this acquisition it gets to do that, while also encouraging AWS and Google customers to jump ship.In a bit of a coup in the cloud computing world, Microsoft on Tuesday announced that it bought a startup called Cycle Computing for an undisclosed sum. Source: businessinsider.com.au…

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Crypto Markets News 

Bitcoin tumbles below $4,000

“Get the latest Bitcoin price here” writes Frank Chaparro for businessinsider.com.au. These kind of drops are part and parcel with bitcoin, according to Dwyer. “For everyone who is new to bitcoin, this is where we say ‘welcome to crypto-trading,’” he added.Bitcoin has been on a tear following the August 1 fork that split the cryptocurrency in two.Bitcoin has tumbled below $US4,000, down 7% at 3,996 a coin, after a strong surge pushed the cryptocurrency’s price to almost $US4,500 on Monday.Goldman Sachs told clients in a recent note that the cryptocurrency…

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Deutsche Bank just named a new CEO for the US

“Patrick replaces Bill Woodley, a Deutsche Bank veteran who joined in 1998, who is leaving the bank” writes Matt Turner for businessinsider.com.au. Deutsche Bank finished the first half ranked eighth globally for investment banking fees, according to Thomson Reuters, with a 3.1% market share.The US business has been a key focus for Deutsche Bank, with Cryan taking personal responsibility for the US business in March this year.It has since gone on a hiring spree in investment banking in particular, adding more than 15 managing directors in corporate finance. Source: businessinsider.com.au Share…

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Snap’s lockup woes ‘should now be behind the company’

“Shares of Snap are trading 1.43% higher on Tuesday, the second day in a row of positive trading for the social media company” writes Seth Archer for businessinsider.com.au. Investors are also worried about strong competition from Snap’s competitors, but Paulson says the strong engagement and time spent on Snapchat offsets the company’s disappointing user growth numbers.Monday was the latest expiration of a lockup period for Snap.Thus, much of the negative impact should now be behind the company,” Kip Paulson, an analyst at Cantor Fitzgerald, wrote in a note to clients.The…

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Markets News Stocks 

Stocks are looking bulletproof

“The US stock market simply will not be defeated” writes Joe Ciolli for businessinsider.com.au. Torrid earnings growth for S&P 500 corporations is at the root of stock investor confidence right now.After the S&P 500 underwent an 11% correction, traders bought the dip and restored the benchmark to its pre-sell-off levels within about two months. Source: businessinsider.com.au Share This:

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The 23-year-old Brit arrested by the FBI for allegedly creating banking malware is back online and making ice cream jokes

“Tarah Wheeler, a security researcher who co-ordinated fundraising efforts, posted a photo with Hutchins released on bail” writes Shona Ghosh for businessinsider.com.au. The US government accused Hutchins of creating Kronos, which steals people’s financial details, and selling it in 2015 via the online darknet AlphaBay.Marcus Hutchins, the 23-year-old British security researcher better known online as MalwareTech, has returned to Twitter for the first time since his arrest to joke about his situation.His arrest sent shockwaves through the security industry, which rallied behind him to raise at least $US12,000 (£9,200) for…

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