Author: Editor-In-Chief

Technology giant Cisco is cutting fewer than 4,000 jobs, or about 5% of its workforce, despite reporting better-than-expected profits and sales in its fiscal third quarter. The network equipment maker said it would cut headcount in order to change its “cost structure” and invest in AI and cybersecurity. Cisco’s decision follows a recent trend in which technology companies increasingly cite AI spending priorities as a reason to lay off employees. Cloudflare and General Motors have laid off employees in recent days despite reporting strong financial results. Cisco said it plans to increase investment in cybersecurity as it continues to battle…

President Donald Trump and a parade of US business leaders arrived in Beijing for talks with Chinese President Xi Jinping on Wednesday, with market bulls following suit.Chinese stocks, ETFs and related themes posted the biggest gains in recent months. E-commerce giant stocks alibaba Stocks soared 8% and led a 2.5% rise despite earnings released this morning that fell short of most expectations. iShares China Large Cap ETF (FXI).Stock chart iconStock chart iconAlibaba, 5thAlibaba had about five times more call trades than puts, with more than 75,000 call purchases compared to less than 12,000 put purchases, according to ThinkOrSwim data. Of…

The summit between US President Donald Trump and Chinese President Xi Jinping could hinge on two key technology flashpoints: critical minerals and market access for US companies. The long-awaited bilateral talks between the two countries, which were locked in a tariff standoff exactly one year ago, began on Thursday, with warm words exchanged between the two leaders. Discussions will continue until Friday, and will also cover major geopolitical and trade topics between Taiwan and Iran. But the key debates and potential points of contention are those related to the high-tech sector of the United States and China, including the list…

David Ellison, Chairman and Chief Executive Officer of Paramount Skydance, Inc., heads to the State of the Union Address during a joint session of Congress at the U.S. Capitol on February 24, 2026, in Washington, DC.Anna Moneymaker | Getty ImagesThis was announced by a group of US and European lawmakers. paramount skydance CEO David Ellison talks about the company’s acquisition proposal warner bros discovery It said shareholder approval of the deal should not be considered final as it will be subject to careful scrutiny by European regulators.Three European Parliament members and two Democratic U.S. House members issued the warning in…

Kyiv, Ukraine — A major Russian attack targeted the Ukrainian capital Kiev overnight, killing at least seven people and injuring at least 44 others, Ukrainian authorities said. Ukrainian President Volodymyr Zelenskiy said Russia had launched more than 1,560 drones into Ukraine since the beginning of Wednesday, making it the largest airstrike on Ukraine in two days since the start of the war. President Zelenskiy announced on Thursday that 56 more missiles had been launched overnight. Air raid sirens continued to sound for about 11 hours into the night Wednesday, according to CNN’s ground team. At least six people were killed…

Thursday’s newspaper top news and transfer rumors…Anthony Gordon has agreed terms with Bayern Munich, but Newcastle will demand £75m to sign the forward – talkSPORT Chelsea and Manchester United are eyeing a move for Real Sociedad forward Ander Barrenetxea this summer – Marca Juventus advance contract talks with Liverpool goalkeeper Alisson – talkSPORTArsenal are keeping a close eye on Borussia Dortmund’s Jobe Bellingham ahead of a potential move to the Emirates this summer – TEAMTalk Paris Saint-Germain manager Luis Enrique has signed Gunners’ main summer transfer target Julian Alvarez as he aims for an early win against Arsenal ahead of…

An Allegiant Air plane lands at Harry Reid International Airport in Las Vegas on July 26, 2022.Chase Stevens | Las Vegas Review-Journal | Tribune News Service | Getty ImagesAllegiant Travel CompanyAcquisition of . sun country airlines Greg Anderson, CEO of the combined company, said Allegiant Air will continue to stand out despite industry turmoil, including rising jet fuel costs.”Our model was built to protect profits, not to chase growth,” Anderson said in an interview with CNBC. The Las Vegas-based airline announced in January that it had agreed to buy Minneapolis-based Sun Country for $1.5 billion in cash and stock, including…

The Chinese leader has warned the US president that disagreements over Taiwan could take relations down a dangerous path and even lead to conflict.Published May 14, 2026May 14, 2026Chinese President Xi Jinping has warned U.S. President Donald Trump that mishandling Taiwan could push the two countries into a “conflict,” sparking a heated meeting between the two countries’ leaders in Beijing ahead of a summit.President Trump called Xi a “great leader” and “friend,” invited him to visit the White House in September, and arrived in China praising his role as host.Recommended stories list of 4 itemsend of listBeyond the pomp and…

Max Verstappen will continue his racing career outside of F1 this weekend when he takes on the Nürburgring 24 Hours in a Red Bull-branded Mercedes-AMG GT3 machine.Verstappen has competed at the Nordschleife six times in the past 12 months in preparation for the iconic endurance race, which starts at 2pm on Saturday and can be watched live for free on the Sky Sports app. Since becoming four-time F1 world champion at the end of 2024, Verstappen has stepped up his ambitions to conquer some of motorsport’s biggest events. From his early days in F1, after making his debut at the…

Traders at work at the New York Stock Exchange on May 13, 2026.new york stock exchangeStock chart iconStock chart iconDow futures, year to dateCisco shares rose 15% in premarket trading after the software giant reported third-quarter earnings and guidance that beat Wall Street expectations and announced about 4,000 job cuts. Cisco’s rise pushed Dow futures higher and put it on track to regain the $50,000 level reached earlier this year. Dow futures also rise boeingrose more than 1% on rising hopes that a summit between President Donald Trump and Chinese President Xi Jinping could result in some deals for U.S.…