From HP, Amazon, Roku and Beyond Meat to Meta and Twitter, big names across a number of sectors have announced major layoffs in October and November. Alphabet Inc. GOOGL GOOG is considering cutting 10,000 jobs, according to a report on The Information, which says the layoffs would amount to 6% of the tech giant’s workforce. … Read more
JasonDoiy Earnings reports from tech stalwarts such as Cisco Systems (NASDAQ:CSCO), Nvidia (NASDAQ:NVDA) and Chinese Internet leader Alibaba (NYSE:BABA) led much of the week’s activity in the tech sector heading toward the upcoming Thanksgiving holiday in the U.S. However…If you thought the circus involving Elon Musk and Twitter (TWTR) had finally left town, well, you … Read more
Cisco (CSCO): Shares rose in extended trading after the company reported solid quarterly sales and raised its full-year guidance. Cisco now sees revenue growth of 4.5% to 6.5%, up from its prior forecast of 4% to 6%. “Our fiscal 2023 is off to a good start as we delivered the largest quarterly revenue and second … Read more
Cisco Systems shares are trading higher after the networking-infrastructure company posted better-than-expected revenue and profit growth for its fiscal first quarter, ended Oct. 29. The company also raised its guidance for the year. Cisco CEO Chuck Robbins also disclosed that the company was “right-sizing certain businesses,” reducing head count in some areas. Cisco Chief Financial … Read more
Dow Jones stocks Home Depot (HD) and Walmart (WMT) headline a busy week of retail earnings reports as Wall Street weighs the impact of higher interest rates on the economy. X Big box retailer Walmart surged above its 200-day moving average last month and has been holding gains well. Meanwhile, home improvement giant Home Depot … Read more
Stocks closed lower on Wednesday with the Dow Jones Industrials Average (DJI) falling for the first time in six trading days, declining 171.69 points to close at 33,980.32. Bed Bath & Beyond (BBBY): GameStop Chairman Ryan Cohen is selling his entire stake in the company, according to a regulatory filing. Cohen’s RC Ventures holds an … Read more
Text size Cisco shares closed up 0.4% on Tuesday, at $46.77, off 26% for 2022. Angel Garcia/Bloomberg Cisco Systems reported strong earnings, and provided an upbeat revenue forecast for the October quarter, citing an easing of supply-chain constraints. Its shares rose in after-hours trading. The networking and security products company reported fiscal fourth quarter adjusted … Read more
Text size Earnings season continues next week in what will be an action-packed stretch for retail stocks. Walmart and Home Depot report results on Tuesday, followed by Bath & Body Works , Lowe’s, Target, and TJX on Wednesday. Ross Stores wraps things up for the retailers on Thursday. On Wednesday, the Census Bureau also reports … Read more
