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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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Mar 22, 2026 / Tyler Durden
Georgia Governor Signs Bill Suspending State Gas Tax For 60 Days
Georgia Governor Signs Bill Suspending State Gas Tax For 60 Days
Authored by Aldgra Fredly via The Epoch Times (emphasis ours),
Georgia Gov. Brian Kemp signed a bill on March 20 suspending the state’s gasoline tax for 60 days, the first such move taken by a U.S. state since the U.S.–Israeli war with Iran began in late February.
Georgia Gov. Brian Kemp delivers the State of the State address on the House floor of the state Capitol in Atlanta, Ga., on Jan. 25, 2023. Alex Slitz/AP Photo
The legislation, dubbed HB 1199, will...
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Mar 29, 2026 / Tyler Durden
'Incredibly Problematic' - Iran Destroys US AWACS Jet At Saudi Airbase
May 14, 2026 / Tyler Durden
Trucking Stocks Tumble As Supreme Court Ruling Risks "Extinction Event" For Freight Brokers
Trucking Stocks Tumble As Supreme Court Ruling Risks "Extinction Event" For Freight Brokers
The US Supreme Court ruled late Thursday morning that freight brokers can face state-law negligent hiring claims when they hire unsafe trucking firms that later cause crashes.
FreightWaves founder Craig Fuller responded to the ruling on X, saying,
OMG, this is the most pivotal moment in trucking history since Deregulation. It could be an extinction event for 30-50% of all freight brokers.
OMG, this is the most pivotal moment in trucking history since Deregulation.
It could be an extinction event for...
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