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14min chapter
Retail Sales Blowout Sparks Market Rally, Walmart Surges, Cisco CEO on Job Cuts, Earnings and AI 8/15/24
Squawk on the Street
Retail Resilience and Tech Transformations
This chapter explores the strong performance of major retailers like Walmart amid declining inflation, highlighting strategic improvements and impressive sales figures. It also examines Cisco’s recent earnings report and accompanying layoffs as part of a shift towards AI investment, revealing the complexities of maintaining growth in a competitive landscape. The discussion extends to market dynamics, consumer behavior, and upcoming trends in both the retail and tech sectors.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode