Kevin Warsh was confirmed as the next Federal Reserve chair in a narrow Senate vote, signaling potential challenges ahead in U.S. monetary policy. Meanwhile, President Trump met with Chinese President Xi Jinping in Beijing, discussing critical topics including the Iran war, economic cooperation, and Taiwan. The S&P 500 hit record highs driven by tech stocks despite inflation concerns. Cisco beat earnings expectations and announced job cuts, while U.S. beer sales declined amid rising gas prices linked to the Iran conflict.
US stock futures gained following a mixed market close and President Trump's approval of Nvidia's H200 AI chip sales to Chinese firms, although China has halted deliveries. Economic data showed a 0.5% rise in April retail sales and a slight increase ...
Cisco reported a 12% revenue increase, boosting its stock nearly 20% in pre-market trading. The company plans to cut 4,000 jobs to focus on high-growth areas like AI. Despite positive analyst ratings and raised price targets, AI-driven models forecas...
Cisco Systems announced plans to lay off nearly 4,000 employees, less than 5% of its global workforce, as part of a strategic shift toward artificial intelligence (AI). This move follows a strong Q3 FY2026 earnings report, with revenue hitting a reco...
Cisco Systems announced plans to lay off fewer than 4,000 employees, less than 5% of its workforce, as part of a restructuring to boost investment in artificial intelligence. The company will incur up to $1 billion in pre-tax charges, including $450 ...
Cisco reported better-than-expected earnings of $1.06 per share and revenue of $15.84 billion for the quarter ending April 25, surpassing analyst estimates. The company saw a 12% revenue increase year-over-year and raised its AI infrastructure order ...
