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Ken Usdin of Jefferies asks whether $C has seen any change in activity post the initial reaction of Brexit. CFO John Gerspach replied that the activity levels are fine. He added that the company has to see how everything holds up through the month of Aug. 2016. and said that the beginning part of July looks fine.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.