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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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Sep 12, 2026 / Tyler Durden
US Limits Its Air Defense Coverage For Tankers Sailing Through Hormuz: Report
US Limits Its Air Defense Coverage For Tankers Sailing Through Hormuz: Report
Via The Cradle
The US military has reduced the daily window in which it offers air defense to commercial ships transiting the Strait of Hormuz, the Financial Times (FT) reports on Saturday.
Since May, Washington has sought to break Iran's control of Hormuz by providing air defense for vessels sailing through the strategic strait along a southern route hugging the coast of Oman.
Image source: US Air Force
Iran imposed a blockade on the strait shortly after the US and Israel launched an...
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Mar 7, 2026 / Tyler Durden
European Nationalists Rally Around Orbán Following Zelensky's "Outrageous" Remarks
European Nationalists Rally Around Orbán Following Zelensky's "Outrageous" Remarks
Authored by Thomas Brooke via Remix News,
Hungarian Foreign Minister Péter Szijjártó has condemned remarks by Ukrainian President Volodymyr Zelensky that Budapest says amounted to a threat against Prime Minister Viktor Orbán.
Responding to comments made during a press briefing in Kyiv on Thursday, Szijjártó said the statement was “beyond every limit” and reflected what he described as “the kind of ‘culture’ coming from Kyiv.”
“This is the man Brussels admires and the country they want to fast-track into the European Union,” Szijjártó said....
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Apr 16, 2026 / Tyler Durden
UK Voters Call For Lower Taxes & Energy Bills As Economic Concerns Grow
UK Voters Call For Lower Taxes & Energy Bills As Economic Concerns Grow
Via CityAM,
According to a new poll, most British voters want lower energy costs and tax cuts to support growth.
A large majority rated the UK economy as poor and showed little faith in current progress.
Business leaders are also increasingly pessimistic, citing geopolitics and rising costs.
British voters want Rachel Reeves to cut taxes and reduce energy costs in order to focus on growth, as a majority of people felt the UK economy was “poor”, new research has shown.
Polling by Freshwater...
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