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Cisco Surges Most Since Dot-Com On Raised Outlook, AI-Focused Job Cuts
Cisco Surges Most Since Dot-Com On Raised Outlook, AI-Focused Job Cuts
Cisco Systems shares posted their biggest gain since the Dot-Com boom-and-bust era after the networking giant delivered third-quarter results that beat analysts' estimates. The company also announced a workforce restructuring, aligning with a broader hyperscaler playbook that cuts labor costs and redirects capital toward AI infrastructure and data-center buildouts.
Cisco raised its fiscal 2026 outlook, guiding for $62.8 billion to $63 billion in revenue and $4.27 to $4.29 in adjusted EPS, while also issuing a stronger-than-expected fourth-quarter sales forecast.
The catalyst...
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May 11, 2026 / Tyler Durden
Futures Flat, Oil Jumps After Iran Peace Talks Break Down
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US equity futures are off a touch as the US/IranIran failed to consummate a deal, which is boosting Energy commodities and bond yields. Still, stocks have withstood the resulting increase in oil prices and higher bond yields as the market remains focused on the memory/semi stock bubble. As of 8:00am ET, S&P and Nasdaq 100 futures are down fractionally as Trump and Iran rejected each other’s latest peace proposals to end the 10-week conflict as the two sides struggle to maintain a...
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Mar 17, 2026 / Tyler Durden
Will The Iran War Trigger A Dollar Crisis?
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U.S. allies have shown a lackluster response after President Trump’s request for assistance in reopening the Strait of Hormuz — a corridor carrying roughly 20% of global oil supply — and this may spell a trend of what’s to come. What happens when oil-producing Gulf states have had enough of our/Israel’s foreign policy machinations and, as a...
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Mar 25, 2026 / Wanjiru Njoya
Individualism in Rothbard’s Natural Rights Libertarianism
Murray Rothbard’s system was built upon the natural rights of individuals, and tying liberty to property and ownership, not collectivism.
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