Latest Cisco Systems Inc News
Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates
WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool it. The Labor Department reported Thursday that filings for unemployment claims for the week ending April 6 fell by 11,000...
Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts
Apple is laying off more than 600 workers in California, marking the company's first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 that they were losing their jobs, with...
Michelle Yeoh to join business and political leaders at Global Citizen NOW summit to fight poverty
NEW YORK (AP) — Oscar winner Michelle Yeoh, Botswana President Mokgweetsi Masisi, and Verizon CEO Hans Vestberg are among the diverse group of political, business and philanthropic leaders Global Citizen will convene in New York on May 1 and 2, the nonprofit announced on Thursday. ...
Arista Networks former chairman agrees to pay nearly $1M to settle insider trading charges
The founder and former chairman of technology company Arista Networks has agreed to pay almost $1 million to settle insider trading charges. The Securities and Exchange Commission said Tuesday that Andreas “Andy” Bechtolsheim misappropriated material nonpublic information related...
Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong
WASHINGTON (AP) — The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security. The Labor Department reported Thursday that jobless claims dipped by 2,000 to...
US applications for jobless claims hold at healthy levels
U.S. applications for jobless benefits were unchanged last week, settling at a healthy level as the labor market continues to show strength in the face of elevated interest rates. Unemployment claims for the week ending March 2 were 217,000, matching the previous week's revised...
US applications for jobless benefits rise but remain historically low despite recent layoffs
More Americans applied for jobless benefits last week, but layoffs remain historically low even as more high-profile companies have announced job cuts this year. Applications for unemployment benefits rose by 13,000 to 215,000 for the week ending Feb. 24, the Labor Department...
Stock market today: Asian shares track Wall Street rally as Japan's Nikkei nears a record high
BANGKOK (AP) — Shares advanced in Asia on Friday, with Tokyo's benchmark Nikkei 225 index trading near a record high, 34 years after it peaked and then plunged with the collapse of Japan's financial bubble. U.S. futures were lower after stocks on Wall Street set another record...
Deere, Fastly fall; AppLovin, Shake Shack rise, Thursday, 2/15/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Cisco Systems Inc., down $1.22 to $49.06. The seller of routers, switches and software trimmed its profit forecast for its fiscal year. Deere & Co., down...
Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech
SAN FRANCISCO (AP) — Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry...
