slashing

Goldman and JPMorgan Slashing DEI Efforts – Find Out Why!

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New York, NY – Major financial institutions such as Goldman Sachs and JPMorgan Chase are scaling back their diversity, equity, and inclusion (DEI) efforts in response to potential lawsuits. The threat of legal action has prompted these firms to reduce their initiatives aimed at promoting diversity and equality in the workplace. Goldman Sachs and JPMorgan Chase, two of the largest investment banks in the world, have been facing increasing pressure from shareholders to address racial …

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Cybersecurity Giant Palo Alto Networks Inc. Tumbles After Slashing Revenue Forecast – Are Customers Cutting Back on Tech Spending?

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SANTA CLARA, California – Cybersecurity company Palo Alto Networks Inc. experienced a significant drop in late trading after revising its revenue forecast for the year, raising concerns about potential cutbacks in tech spending by customers. The company announced on Tuesday that it anticipates sales of $7.95 billion to $8 billion for the fiscal year, a decrease from its previous projection of up to $8.2 billion. The lowered forecast, coupled with analysts’ estimates of $8.18 billion, …

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China’s Central Bank Makes Historic Move, Slashing Mortgage Rates for the First Time Since June

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Beijing, China – The People’s Bank of China is expected to cut the mortgage reference rate for the first time since June, a move that could provide support to the housing market and stimulate economic growth. This decision comes as the country’s central bank seeks to mitigate the economic impact of the ongoing trade tensions with the United States and the global pandemic. The move to cut the mortgage reference rate is seen as a …

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