Cisco Systems (CSCO) reported fiscal fourth quarter results that beat analyst estimates, but the company's outlook was cautious. In an interview with Yahoo Finance Live, Cisco Systems CEO Chuck Robbins says the the company benefited from a more 'diverse book of business' than its rivals and some supply chain challenges starting to ease. On the economy, Robbins says 'it's clearly mixed,' with some industries, like financial services and transportation, showing strength. When it comes to AI, Robbins says the company is getting some 'early wins with some of this next generation ethernet.' Robbins says the company provides the networking equipment that connect the 'brains' behind the AI systems. He adds that the company will see some benefit in its 2024 fiscal year, but 'we think the real move to this new technology' will be in fiscal 2025. Robbins add that he thinks 'the opportunity over the next 5,6,7 years could be three times what the original cloud buildout was.'
I was all set for my trip, or so I thought. That's when my friend told me to always keep a bread clip when traveling. The reason is quite clever.Elevated mortgage rates and declining homebuyer traffic is putting a squeeze on the U.S. housing market. Redfin Chief Economist Daryl Fairweather outlines affordability and homebuilding challenges pressuring homebuyers.
" Fairweather also highlights the housing affordability obstacles that teachers are facing in order to live in or near the school districts they work in.BÉCANCOUR, Que. — Ford Motor Company has announced a new manufacturing plant in Quebec for components of electric car batteries. The $1.
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Cisco stock rises on AI optimismCisco Systems (CSCO) reported fiscal fourth-quarter results that beat analyst expectations. The stock initially fell on the report, but CEO Chuck Robbins' rosy comments on the company's AI efforts had shares rising in early trading. Yahoo Finance Live breaks down the headlines.
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Futures inch higher as investors assess Fed minutes; Cisco gainsMost policymakers continued to prioritize the battle against inflation at the Fed's July 25-26 meeting, while few participants cited risks to the economy if rates were pushed too high, according to the meeting minutes. Wall Street's main indexes closed lower on Wednesday as the minutes fueled worries that the Fed could tighten monetary policy further, especially after recent data on retail sales and industrial production highlighted resilience in the U.S. economy. 'The fight (against) inflation in the United States is still ongoing, with the minutes from the Federal Reserve meeting indicating that another rate hike is still on the table, which has the potential to push the US into a deeper downturn,' said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
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Suncor has been too focused on energy transition, must get back to fundamentals: CEOCALGARY — The man hired to turn around the flagging fortunes of Suncor Energy Inc. said Tuesday he believes the company has been too focused in recent years on the energy transition and must get back to an oil-centred business strategy.
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Elks, CEO/president Victor Cui 'mutually part ways' during disastrous seasonEDMONTON — Victor Cui is out as president and chief executive officer of the Edmonton Elks.
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Suncor has been too focused on energy transition, must get back to fundamentals: CEOtk
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WonderFi interim CEO on possible changes now that crypto merger is finalizedWith WonderFi’s merger with Canadian cryptocurrency exchanges Coinsquare and CoinSmart now closed, its interim CEO is hinting at big changes within the platforms, including changes to staffing.
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