“Our revenues have not grown as expected — and we’ve yet to fully benefit from powerful trends, like AI,” said CEO Pat Gelsinger in a memo to employees. “Our costs are too high, our margins are too low. We need bolder actions to address both — particularly given our financial results and outlook for the second half of 2024, which is tougher than previously expected.”

Intel to lay off 15,000 employees

Networking company Cisco has announced another round of job cuts. The company plans to lay off 7% of its global workforce, which is in addition to the 5% cut earlier this year. While Cisco did not provide an exact number, about 6,000 employees will likely be affected. According to a...

Cisco Cutting Jobs Yet Again After Disappointing Fourth Quarter

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

ITPro

The Cisco job cuts mark the second wave of layoffs for the tech giant so far in 2024

Cisco to cut thousands of roles in second batch of layoffs this year

San Jose, CA

SAN JOSE, Calif. (AP) — Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. The company based in San Jose,...

Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

Las Vegas, NV

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Bellingham Metro News

LAS VEGAS, NEVADA - A magnitude 4.4 earthquake struck areas near Las Vegas on Tuesday night, according to the United States Geological Service (USGS). The quake, which occurred at 8:06 p.m., was centered approximately 45 minutes from Las Vegas, near Indian Springs.

Magnitude 4.4 Earthquake Shakes Areas Near Las Vegas

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Kings Canyon Unified School District is opening a new Student Support Center on Friday. The Student Support Center will support homeless and foster youth, as well as immigrant families that are entering the district. The big picture: Two social workers will be available at the Student Support Center for walk-in...

Kings Canyon Unified launches new Student Support Center

24/7 Wall St.

Everyone knows Microsoft (NASDAQ: MSFT) and its best-known products, including the Windows operating system and Microsoft 365 suite of productivity apps, but its growing cloud computing platform, Azure, is the future of the company. Microsoft stock has been a millionaire maker for decades, with a stock split adjusted IPO price of $0.14, which means at […]
The post Microsoft (MSFT) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..

Microsoft (MSFT) Price Prediction and Forecast 2025-2030

Starbucks, Coca-Cola Seek Trademark Renewal in Russia(Kevin Dietsch/Getty Images) (Credit: Getty Image) Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees. Starbucks sales dropped by 3% globally at all stores open for at least a year, according to its recent financial release. In North America...

Starbucks Sees Declining Sales as More Consumers Step Away From High-Priced Coffee

These growing companies could multiply your money over the next decade. Artificial intelligence (AI) is estimated to add trillions in value to the global economy through cost savings and productivity gains in the coming years. The returns for investors could be very lucrative, if you own the right stocks. While...

2 AI stocks to Buy Now With $200

Colorado State

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

All of the investments made this year by Bezos' family office — called Bezos Expeditions — have been in artificial intelligence, according to data provided to CNBC by FINTRX, a private wealth intelligence platform. Bezos Expeditions has always tilted heavily toward tech. Fully 70% of the family office's...

Jeff Bezos' family office is making big investments in AI

Investors have been waiting for signs the Fed could begin cutting interest rates. Inflationary pressures eased in July, boosting expectations for a September rate cut. Investors sparked a relief rally, but the battle with inflation isn't over yet. Improvements in the state of the economy and the growing potential for...

Why Arm Holdings, Broadcom, and Other Artificial Intelligence (AI) Stocks Rallied Thursday Morning

New York Post

The Dow jumped more than 500 points, and the Nasdaq rose 2% on Thursday after July retail sales data signaled resilient consumer spending, allaying fears of an imminent recession in the world’s largest economy.

The Dow Jones Industrial Average advanced 554 points, or 1.4%, to 40,563.06. 

The S&P 500 gained 1.6%, and the Nasdaq climbed 400 points, or 2.3% — the sixth straight positive session for both.

Nine of the 11 major S&P 500 sectors traded higher, with consumer discretionary and technology leading gains.



Home Depot’s warning: Customers have ‘greater uncertainty in the economy’ as sales outlook slashed

Retail sales increased 1.0% last month after a downwardly revised 0.2% drop in June, easing fears of a...

Dow surges 500 points as strong retail sales data ease fears of slowdown

24/7 Wall Street Insights NVIDIA’s phenomenal bull run and continued prospects warrant a long-term “buy-and-hold” strategy that can span to the next generation, in the view of many investors. Two other stocks with bullish generational prospects are First Isaac Corporation and Advanced Micro Devices.  If you missed out on NVIDIA but looking for some stocks […]
The post Like NVIDIA, These 2 Stocks Could Provide Generational Wealth appeared first on 24/7 Wall St..

Like NVIDIA, These 2 Stocks Could Provide Generational Wealth

Fox Business

The summer has brought announcements of job cuts at a slew of different companies, including Cisco, Paramount Global and Axios.

Layoffs announced at multiple companies this summer

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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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

California State

Westlands Water District has been awarded a $1 million federal grant to support its groundwater recharge efforts. The Department of Water Resources awarded the grant as part of its Flood Diversion Recharge Initiative. The big picture: Grant funding will focus on California’s efforts to reduce flooding by increasing flood flow...

Westlands receives $1 million grant for groundwater recharge

NewsBreak

Cisco plans layoffs for second time this year

Cisco Systems is planning to lay off 7% of its employees, which amounts to approximately 5,900 jobs, as the company shifts its focus to more rapidly...

Cisco plans layoffs for second time this year

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