Cisco announced a restructuring plan which involves cutting its global staff of 90,400 by 7 per cent, a loss of more than 6,300 jobs, while CEO Chuck Robbins (pictured) explained a move to bring its networking, security and collaboration teams under one umbrella. The company stated in a US Securities...

Cisco cuts 7% of staff, realigns portfolio

TechRadar

Cisco has confirmed major job cuts as the networking giant continues to address recent struggles and rising costs.The company has revealed 7% of its global workforce will be cut, equivalent to thousands of jobs, after sales and revenue fell once again.In its Q4 2024 results, Cisco revealed revenues of $13.6 billion, a decrease of 10% year on year, with total revenue for the whole 2024 financial year reaching $53.8 billion - a decrease of 6% year on year.
Cisco job cuts
The news, which confirms reports from just a few days ago, is the second round of major layoffs at Cisco in...

Cisco confirms major job cuts as revenues fall

Markets Insider

Mizuho expects Nvidia to generate nearly $200 billion in revenue in 2027, which would be more than triple its 2024 revenue of $61 billion.

Mizuho bumps up Nvidia stock forecast, says earnings this month will be the next big AI catalyst

UPI News

Cisco Systems' earnings and revenue topped Wall Street estimates on Wednesday despite a third straight quarter of losses and an announced 7% cut to the tech company's global workforce.

Cisco earnings beat expectations as company announces 7% cut to workforce

As the prospect of interest rate cuts looms, but investors worry about a slowing economy, CNBC's Jim Cramer on Tuesday said it's important they have exposure to cyclical stocks. But he said to be selective and named five industrials that are no longer "pure smokestack stocks." These picks incorporate secular themes and a lot to offer Wall Street as the economic landscape changes, he said.

Jim Cramer recommends five cyclical industrials with an edge

The artificial intelligence (AI) boom is well underway, and there may be no company that's benefited from it more than Nvidia (NASDAQ: NVDA). For years, the company's semiconductors have been a top choice among leading tech companies for AI processing, and now, it's paying off for Nvidia's stock. The company's...

Where Will Nvidia Stock Be in 1 Year?

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

As new government data shows inflation subsiding, Social Security beneficiaries may expect a lower cost-of-living adjustment in 2025. The prospective Social Security COLA for 2025 could be the lowest since 2021, according to a new estimate. Even as new government inflation data shows inflation subsiding, many retirees are still struggling...

Social Security cost-of-living adjustment may be 2.6% in 2025, new estimate finds

CNBC's Jim Cramer on Tuesday offered his thinking on five stocks outside the Investing Club portfolio.

Tuesday's rapid fire: Home Depot, On Holding, Baxter, Hormel Foods and Micron

Warren Buffett has led the Berkshire Hathaway investment company to market-crushing returns since 1965. Berkshire owns a number of private companies, but it also acquired stakes in several public companies, including Apple. Berkshire is currently valued at $922 billion, and it could become the first American non-technology company to reach...

1 Unstoppable Stock Set to Join Nvidia, Apple, Microsoft, Amazon, Alphabet, and Meta in the $1 Trillion Club

The Motley Fool

Bitcoin could soar in price over the next decade. But that's not the only reason billionaires are buying Bitcoin.

Billionaires Are Buying This Cryptocurrency That Could Soar 20,000%, According to MicroStrategy Executive Chairman Michael Saylor

When you're interviewing for a job, "asking great questions is such an underrated way to differentiate yourself from everyone else," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. Good questions can help make the case for why you're a rockstar at work. But asking...

Always ask these 4 questions when you're interviewing for a job, says ex-Google recruiter

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. Jewells Chambers doesn't look like a typical Icelander. In a country where 94% of people identify as native Icelandic, Chambers, a Black American woman, is among the other 6%.

38-year-old American expat lives on $73,000 in one of the world's most expensive countries: 'I feel safe, I feel at home'

Jeff deGraaf, Renaissance Macro Research, joins 'Closing Bell' to discuss under-the-surface market moves.

Renaissance's Jeff deGraaf breaks down what he's seeing in the charts for under-the-surface stocks

“I’m talking to the big companies, and the big companies are telling me they need $20 billion, $50 billion, $100 billion — very very hard,” said Schmidt, adding that he’s a “close friend” to OpenAI CEO Sam Altman. Schmidt suggested a huge amount of...

Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: ‘You know what to do in the stock market’

People are leaving New Zealand in record numbers as unemployment rises, interest rates remain high and economic growth is anemic, government statistics show. Data released by Statistics New Zealand on Tuesday showed that 131,200 people departed New Zealand in the year ended June 2024, provisionally the highest on record for an annual period. Around a third of these were headed to Australia.

People leave New Zealand in record numbers as economy bites

Nevada State

Nevada is surging in popularity as a global center of family trusts and a friendly home to the world's biggest fortunes. The Western state's advantage puts it at the forefront of a massive wealth surge pouring into the asset-protection trusts. At the center of the Murdoch case is the Murdoch...

Murdoch family battle highlights Nevada’s secret trust boom

It is one of five patterns he watches for, and involves price contractions and volume decreases.

A software consultant who had an 805% gain trading stocks in 2023 shares his clearest and easiest pattern to identify a breakout

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J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

In 2020, Kristina Knighten, 38, and her husband, Paul Cordier, 46, closed on their dream home in Lago d'Iseo, Italy. They bought the two-bedroom house for 23,000 euros, or $24,973, at the time. "It looked like a house you drew when you were a kid with the pitched roof, the...

Chart of the Day: Cisco

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