Top News Stories: Bonds Surge, Rupert’s Reign, Microsoft’s New Tech, Cisco’s Cybersecurity, and More

Important News Highlights for Investors

Here are the most important news items that investors need to start their trading day:

1. Bonds surge

The stock market is experiencing a losing week after the Federal Reserve hinted at a potential interest rate hike. The S&P 500 and Nasdaq Composite are down significantly this week, on track for their worst performance since March. Bond yields have surged in response, with the 10-year Treasury yield reaching its highest level since 2007. Stay updated with live market updates.

2. Rupert’s reign

Rupert Murdoch, the international media mogul, has announced his resignation as chairman of Fox Corp. and News Corp. However, he will remain engaged with news and ideas as chairman emeritus of both companies. His son, Lachlan Murdoch, will take over as the sole chairman of News Corp. and continue as Fox Corp.’s executive chair and CEO. This decision follows a challenging year for Fox’s TV network, including a high-profile defamation lawsuit settlement and the departure of top talent.

3. Microsoft’s new tech

Microsoft has unveiled new Surface computers and shared details about Windows 11. The company also announced the rollout of an artificial intelligence tool for core apps like Word and Excel. Windows 11 will feature smarter snipping tools and improved functionalities. The Surface Laptop Studio 2, a high-end model, offers a new chip and versatile usage as a tablet. The entry-level Surface Laptop Go 3 is lighter and equipped with a touch screen. Stay updated on Microsoft’s latest innovations.

4. Cisco and cybersecurity

Cisco, the world’s largest maker of computer networking equipment, has made its largest acquisition ever. The company is purchasing cybersecurity software company Splunk in a cash deal worth about $28 billion. Splunk’s technology helps businesses monitor and analyze data to enhance cybersecurity and resolve technical issues faster. The acquisition aims to strengthen Cisco’s cybersecurity business. While Splunk’s shares surged, Cisco’s shares experienced a slight decline.

5. More McMoney

McDonald’s is increasing royalty fees for franchisees for the first time in nearly 30 years. Franchisees adding new restaurants will have to pay 5% in fees, starting January 1st. This change does not apply to those maintaining their current restaurant footprint. McDonald’s has a predominantly franchise-based model, and franchisees are responsible for paying rent, monthly royalty fees, and other charges. Despite some friction with franchisees, McDonald’s domestic business is thriving this year.

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