Cisco says it’s cutting 5% of workforce, amounting to over 4,000 jobs

Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Shares were down 9% in extended trading. It’s the latest tech company to … Read more

Earnings from Shopify, Marriott and Wendy’s

CNBC’s Jim Cramer on Friday prepared investors for next week on Wall Street, saying investors should pay attention as earnings season continues, with reports from companies including Shopify, Marriott and Wendy’s. He also recommended researching retail stocks next week before the industry reports a slew of earnings results the week after. “Next week seems busy, … Read more

Activists eyeing tech stocks ahead of expected M&A rebound after lull

Paul Singer speaking at the Delivering Alpha conference in New York on Sept. 13, 2016. David A. Grogan | CNBC Activist investors are circling the tech market. That’s because, after a two-year plunge in mergers and acquisitions across the industry, there are signs of life to start 2024, with expectations that many more deals are … Read more