Cisco Systems is throwing a wrench into the recent rebound in technology stocks. The networking firm reported slightly better-than-expected results for its latest quarter, but the company’s outlook
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(Reuters) -Cisco Systems cut its full-year revenue and profit forecasts on Wednesday in a sign that demand for its networking equipment was slowing, sending the company's shares down more than 10% after market.The company has in recent years grappled...
Warren Buffett-led Berkshire Hathaway (BRKB) surprised investors by appearing to make no stock purchases in a volatile third quarter, while selling more than a dozen stocks, including blue-chip holdings like Chevron (CVX) and Amazon (AMZN). ...
The S&P 500 (^GSPC) has never been this top-heavy.The "Magnificent Seven" tech stocks — Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), Tesla (TSLA), and Nvidia (NVDA) — make up 29% of the S&P 500's market...
Ken Griffin told Bloomberg that he thinks Miami "represents the future of America."The Citadel founder said that the city could one day overtake New York as the US' financial hub.Wall Street giants and tech CEOs are flocking to Miami,...
Dow Jones futures rose slightly after hours, along with S&P 500 futures and Nasdaq futures. Big Microsoft (MSFT) artificial intelligence news is on tap Wednesday, while President Biden will meet with China President Xi Jinping. ...
SE stock fell more than 20% Tuesday after Sea Ltd. (SE) reported third quarter results showing an unexpected loss. The Singapore-based internet services company said it is investing more, as the firm faces off with e-commerce competitors. ...
US stocks capped off a strong rally on Tuesday as investors digested a cooler-than-expected inflation print.The Dow Jones Industrial Average (^DJI) closed up more than 450 points, or around 1.4%, as the tech-heavy Nasdaq Composite (^IXIC) jumped roughly 2.4%....
Michael Burry, who famously shorted subprime mortgages during the 2008 financial crisis, closed his bets against the S&P 500 and the Nasdaq 100 in the third quarter.But he also found another industry to short: semiconductors.Burry's hedge fund Scion Capital...
SummarySouthern Company is an electric and gas utility and wholesaler with 9 million customers and 41,000 megawatts of generating capacity. Its gas subsidiary also provides distribution and wholesale gas services. Retail electricity accounts for about 60% of revenue while...
