Cisco is showing no signs of losing steam following its blowout fiscal third-quarter earnings report, according to HSBC. The investment bank upgraded the software name to buy from hold. It also hiked its price target on shares to $137 from $77, implying nearly 19% upside from Thursday's close. "We believe 3Q supports a thesis that Cisco's AI role is becoming structural and that AI revenue is havin...
Cisco is showing no signs of losing steam following its blowout fiscal third-quarter earnings report, according to HSBC. The investment bank upgraded the software name to buy from hold. It also hiked its price target on shares to $137 from $77, implying nearly 19% upside from Thursday's close. "We believe 3Q supports a thesis that Cisco's AI role is becoming structural and that AI revenue is having a larger financial impact than we had expected," analyst Stephen Bersey said in a note to clients. Shares surged 13% on Thursday following Cisco's better-than-expected report. For the quarter ended April 25, Cisco posted $1.06 per share after adjustments versus the $1.04 expected by analysts polled by LSEG. It also clocked revenue of $15.84 billion, or more than the $15.56 billion expected by the Street. CSCO YTD mountain Shares have jumped 50% in the year to date. Cisco also sees that its adjusted earnings per share would fall in the range of $1.16 to $1.18 for the fiscal fourth quarter, topping analysts' consensus estimate of $1.07 per share. Looking ahead, the biggest growth drivers for Cisco will likely be hyperscaler AI build-outs and enterprise artificial intelligence networking upgrades, in addition to campus modernization as requirements for traffic, security, and latency increase, according to HSBC. "Despite gross margin pressure, management has credible offsets through pricing, tighter contract terms, supply chain commitments, [operational expenditure] discipline, and lower memory utilization within designs," Bersey wrote. HSBC's call falls in line with consensus on the Street. Of the 26 analysts covering Cisco, 19 have a buy or strong buy rating on the stock, per LSEG data. Several other shops on the Street, including Morgan Stanley , have also recently told their clients to scoop up Cisco.
Companies should remove managers who prioritize procedure over results, warning that bureaucracy can quietly undermine organizations from within, said JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon. "Bureaucracy, complacency and arrogance will take down a company," Dimon said at Norges...
Companies should remove managers who prioritize procedure over results, warning that bureaucracy can quietly undermine organizations from within, said JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon. "Bureaucracy, complacency and arrogance will take down a company," Dimon said at Norges...
Chip stocks have surged to new highs in the stock market, showing that the artificial intelligence trade continues to lure buyers after massive gains in 2025. In the IBD 50, however, that means most chip stocks are extended. Analysts polled by FactSet had targeted earnings of $1.29 a share on $9.9 billion in revenue.
Chip stocks have surged to new highs in the stock market, showing that the artificial intelligence trade continues to lure buyers after massive gains in 2025. In the IBD 50, however, that means most chip stocks are extended. Analysts polled by FactSet had targeted earnings of $1.29 a share on $9.9 billion in revenue.
How did Lordi sing in a giant condom? How many sex lives has Epic Sax Guy helped? And what will push Graham Norton to retire? As Eurovision hits 70, legends of the song contest spill the beans Not many 70-year-olds spend their nights with pop singers in sparkly catsuits. Or nightmarish monsters barking out heavy metal. Or 160,000 giddy Europeans staring at them as they get progressively more drunk...
How did Lordi sing in a giant condom? How many sex lives has Epic Sax Guy helped? And what will push Graham Norton to retire? As Eurovision hits 70, legends of the song contest spill the beans Not many 70-year-olds spend their nights with pop singers in sparkly catsuits. Or nightmarish monsters barking out heavy metal. Or 160,000 giddy Europeans staring at them as they get progressively more drunk. There’s only one, in fact – the Eurovision song contest. To celebrate its uniqueness, we’ve spoken to some of the most interesting people ever involved with the contest to tell their tales. Happy seven decades of Eurovision! Continue reading...
No one has more at stake than Kamala Harris – who has ‘signaled’ support for its release without saying so publicly After several months of heated arguments over whether the Democratic National Committee (DNC) should release its autopsy report on the 2024 election, the dispute has neared a boiling point. With one recent media appearance after another , the DNC chair, Ken Martin, has set off fierce...
No one has more at stake than Kamala Harris – who has ‘signaled’ support for its release without saying so publicly After several months of heated arguments over whether the Democratic National Committee (DNC) should release its autopsy report on the 2024 election, the dispute has neared a boiling point. With one recent media appearance after another , the DNC chair, Ken Martin, has set off fierce criticism and even derision , while offering notably illogical explanations for keeping the autopsy secret. As the controversy simmers, no one has more at stake than the party’s latest standard-bearer. Kamala Harris, apparently preparing for another run , leads in polls for the 2028 Democratic presidential nomination. One of the last things she needs is a widely publicized narrative from the DNC about failures of her 2024 campaign. A maxim from George Orwell applies: “who controls the past controls the future” and “who controls the present controls the past”. Continue reading...
Quins’ resident New Zealander has some fascinating and forthright views, not least regarding England’s World Cup prospects After 18 years it is almost time to say farewell to Harlequins’ resident Kiwi. Not every overseas recruit becomes part of the fabric of a team thousands of miles from home but that has long been the case with Nick Evans, a Prem winner with Quins as a player and a coach in 2012...
Quins’ resident New Zealander has some fascinating and forthright views, not least regarding England’s World Cup prospects After 18 years it is almost time to say farewell to Harlequins’ resident Kiwi. Not every overseas recruit becomes part of the fabric of a team thousands of miles from home but that has long been the case with Nick Evans, a Prem winner with Quins as a player and a coach in 2012 and 2021 respectively. As the former All Black fly-half conceded this week: “It’s going to be really hard to let go of this club.” And vice versa. During his playing days the skilful, popular Evans personified everything good about the way Quins approached the game. As a coach he has been similarly positive, endlessly seeking fresh ways to crack opposition defences. Quins may have endured a disappointing season but that should not tarnish the sizeable contribution that Evans, now 45, has made during his residency at the Stoop. Continue reading...
Mirroring of each other’s attire may signal alignment – though the look wasn’t a huge departure for either leader When Donald Trump and Xi Jinping met for a welcome ceremony in Tiananmen Square this week with the world’s gaze on them, they mirrored one another in strikingly similar suits. Both were blue, single-breasted with flap pockets. Both had two buttons with only the top one done up. Both wo...
Mirroring of each other’s attire may signal alignment – though the look wasn’t a huge departure for either leader When Donald Trump and Xi Jinping met for a welcome ceremony in Tiananmen Square this week with the world’s gaze on them, they mirrored one another in strikingly similar suits. Both were blue, single-breasted with flap pockets. Both had two buttons with only the top one done up. Both wore red ties. Continue reading...
A daiquiri endowed with citrussy lemongrass syrup and a welcome waft of herbal shiso A daiquiri is a cocktail that shows just how far you can get with only three ingredients: rum, sugar and lime. Our version includes fresh shiso leaves for herbal notes you don’t expect, but absolutely want with rum (and if you use red shiso, the vibrant pink colour it imparts just makes everything cooler). If you ...
A daiquiri endowed with citrussy lemongrass syrup and a welcome waft of herbal shiso A daiquiri is a cocktail that shows just how far you can get with only three ingredients: rum, sugar and lime. Our version includes fresh shiso leaves for herbal notes you don’t expect, but absolutely want with rum (and if you use red shiso, the vibrant pink colour it imparts just makes everything cooler). If you have time – even just half an hour – it’s worth chucking a few shiso leaves into the rum ahead of time, then giving it a good shake and leaving it to steep. The syrup can be made with white sugar, but soft light brown sugar will remind the rum of home, and add a warmer, richer finish that works well with the lemongrass. Abie Lamin, general manager, Cafe Kowloon , London E8 Continue reading...
The presence of President Donald Trump’s top science adviser Michael Kratsios and Nvidia CEO Jensen Huang in the US delegation to Beijing this week has drawn attention to whether AI was on the talks’ agenda. When asked if the talks between Trump and his Chinese counterpart Xi Jinping produced any results relevant to AI collaboration, Chinese foreign ministry spokesman Guo Jiakun did not give a dir...
The presence of President Donald Trump’s top science adviser Michael Kratsios and Nvidia CEO Jensen Huang in the US delegation to Beijing this week has drawn attention to whether AI was on the talks’ agenda. When asked if the talks between Trump and his Chinese counterpart Xi Jinping produced any results relevant to AI collaboration, Chinese foreign ministry spokesman Guo Jiakun did not give a direct answer. “China has always advocated that all parties jointly promote the development of...
The Hong Kong government’s first land sale in the current financial year has drawn six bids, according to the Development Bureau, including those from the city’s largest developers, suggesting a more confident outlook for the residential property market. At the close of tender for Tung Chung Town Lot No 54 at Area 106A on Friday noon, Sun Hung Kai Properties (SHKP) submitted a solo bid, while Kerr...
The Hong Kong government’s first land sale in the current financial year has drawn six bids, according to the Development Bureau, including those from the city’s largest developers, suggesting a more confident outlook for the residential property market. At the close of tender for Tung Chung Town Lot No 54 at Area 106A on Friday noon, Sun Hung Kai Properties (SHKP) submitted a solo bid, while Kerry Properties and Sino Land submitted a joint offer, the groups separately confirmed to the South...
Stephen Miran’s departure from the US Federal Reserve Board of Governors will smooth the leadership transition to incoming chair Kevin Warsh, but his exit is unlikely to alter the central bank’s policy trajectory, analysts said. The move is also sparking speculation about what comes next for Miran – a former top economic adviser to US President Donald Trump – with market watchers debating whether ...
Stephen Miran’s departure from the US Federal Reserve Board of Governors will smooth the leadership transition to incoming chair Kevin Warsh, but his exit is unlikely to alter the central bank’s policy trajectory, analysts said. The move is also sparking speculation about what comes next for Miran – a former top economic adviser to US President Donald Trump – with market watchers debating whether he will return to the White House or re-enter the private sector. Miran submitted his resignation as...
In this article STLA F GM Follow your favorite stocks CREATE FREE ACCOUNT The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — As artificial intelligence expands, it threatens to exacerbate a growing trend for America's largest automakers: the elimination of white-collar workers. The "Detroit Three" auto...
In this article STLA F GM Follow your favorite stocks CREATE FREE ACCOUNT The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — As artificial intelligence expands, it threatens to exacerbate a growing trend for America's largest automakers: the elimination of white-collar workers. The "Detroit Three" automakers have together cut more than 20,000 U.S. salaried jobs, or 19% of their combined workforces, from recent employment peaks this decade, according to public filings and employment data from the companies. Reasons for the job declines vary by automaker, but in general are tied to evolving technological changes in the automotive industry, with the rise of software-defined vehicles, autonomous and all-electric vehicles, and, increasingly, AI. "Artificial intelligence is going to replace literally half of all white-collar workers in the U.S.," Ford CEO Jim Farley said in July at the Aspen ideas Festival . "AI will leave a lot of white-collar people behind," he added later. The largest American automaker has led the cuts, with General Motors reducing U.S. salaried headcounts by roughly 11,000 people from 2022 through last year. Those job cuts came after GM had a run-up in employment, expanding from 48,000 U.S. white-collar workers in 2020 to 58,000 in 2022. Ford Motor and Chrysler parent Stellantis have cut jobs more gradually. From its salaried employment peak in 2020, Ford has scaled back by roughly 5,300 workers to reach about 30,700 white-collar employees last year, while Stellantis has gone from 15,000 salaried workers in 2020 to about 11,000 during that time. On an annual basis, combined white-collar employment for the three automakers peaked at roughly 102,000 jobs in 2022. It fell 13%, to 88,700 people, as of the end of last year. GM IT layoffs Gad Levanon, chief economist at the labor data market nonprofit Burning Glass Institute, said he believes the jobs most at r...
Sen. Susan Collins, R-Maine, holds a blanket as she walks off the Senate floor after the Senate stayed in session throughout the night at the U.S. Capitol Building in Washington, July 1, 2025. Andrew Harnik | Getty Images News | Getty Images Maine might send Sen. Susan Collins packing after this year's midterm elections . That decision could come back to bite the Pine Tree state's balance sheet fo...
Sen. Susan Collins, R-Maine, holds a blanket as she walks off the Senate floor after the Senate stayed in session throughout the night at the U.S. Capitol Building in Washington, July 1, 2025. Andrew Harnik | Getty Images News | Getty Images Maine might send Sen. Susan Collins packing after this year's midterm elections . That decision could come back to bite the Pine Tree state's balance sheet for years to come. Collins, New England's lone federally elected Republican , is in the fight of her political life against the Democratic progressive upstart candidate Graham Platner . Platner, an oyster farmer and military veteran, has seized on anger directed at President Donald Trump and anti-establishment animus to rocket to the Democratic nomination — forcing Democratic Gov. Janet Mills to abandon her own Senate campaign within a matter of months. His yard signs dot the state's backroads and neighborhoods, and he leads in almost every head-to-head poll against Collins. The race, like most midterm contests , is shaping up to be a referendum on the president, who is underwater nationally in nearly every poll. And Collins, who has repeatedly beaten the odds in stunning fashion for the GOP even as New England has shifted solidly blue, is clearly running against the tide as voters mull whether to allow Trump a Senate majority for his final two years in the White House . Senate control is objectively important. Democrats winning the Senate would likely prevent Trump from appointing a fourth and possibly fifth justice to the Supreme Court . It would also open the door for bicameral investigations into the president should Democrats also prevail in the House. Democrats' chances of taking control of the Senate remain slim. A May 13 report from BCA Research projected Republicans retain a narrower majority in the chamber. But Maine voters are presented with a special quandary when they go to the polls to decide Collins' fate: Do they really want to clip the wings of their golden g...