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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 30, 2026 / Tyler Durden
Ken Griffin Pledges Record $3 Billion To Carnegie Mellon, With $2 Billion Going To Miami
Ken Griffin Pledges Record $3 Billion To Carnegie Mellon, With $2 Billion Going To Miami
Mamdani wants New York’s billionaires to cough up more money. Maybe he should call Florida and ask how they’re getting them to hand it over voluntarily.
Because Miami just scored a $3 billion pledge from billionaire Ken Griffin, with $2 billion earmarked for a brand new Carnegie Mellon campus in the city, according to Forbes.
The massive commitment represents Griffin’s latest investment in Miami’s evolution into a major center for finance, technology and entrepreneurship. The Citadel founder...
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Aug 10, 2026 / Tyler Durden
Commercial Chapter 11 Bankruptcy Filings Decrease Annually, But...
Commercial Chapter 11 Bankruptcy Filings Decrease Annually, But...
Authored by Naveen Athrappully via The Epoch Times,
There were 666 commercial Chapter 11 bankruptcy filings made in the United States in July, a 27 percent drop from a year ago, according to the American Bankruptcy Institute (ABI).
Chapter 11 bankruptcy allows a business to reorganize its debts so it can continue operating and eventually become solvent. In addition to a decline in Chapter 11 filings, overall commercial bankruptcy filings declined in July, falling by 8 percent year over year, ABI said in an...
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Aug 6, 2026 / Tyler Durden
BMW Job Cuts And The Emerging German-French Industrial Strategy
BMW Job Cuts And The Emerging German-French Industrial Strategy
Submitted by Thomas Kolbe
Will German policy paralysis and French protectionism save Germany’s automakers? Unlikely, since Paris and Berlin are pursuing similar ideological goals. Everything points toward the expansion of a green state-run economy. On that, there is agreement. The concerns of private enterprise are secondary.
Given the dramatic situation, automakers would probably take even the most hopeless escape route in an attempt to escape the downward spiral. This has now also caught up with the previously remarkably resilient BMW Group: Just last...
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