Investors adjust expectations for September Fed rate cut after Producer Price Index rises 0.9% in July, above 0.2% consensus. Tariff-driven inflation poses a risk, impacting potential rate cuts. Amazon’s expansion in same-day grocery delivery rattles competitors, reminiscent of Whole Foods acquisition. Wall Street weighs in on Amazon’s grocery market disruption.

Cisco reports impressive earnings and outlook, highlighting AI momentum and networking business growth. Stock faces pressure over concerns about sustaining network business strength and slower security growth. CEO downplays worries, emphasizing balanced growth and benefits of AI. Analysts scrutinize Splunk post-acquisition health and networking sales sustainability.

Read more at Yahoo Finance: Cisco remains under pressure as it hops on the AI train: Opening Bid top takeaway