A logo sits illuminated outside the Cisco booth at ISE 2024 on January 30, 2024 in Barcelona, Spain. Cesc Maymo | Getty Images Cisco Systems shares plunged as much as 12% Thursday as rising memory prices put pressure on the networking company’s margins. It’s the stock’s worst day since 2022. Strong demand for artificial intelligence…
DAYTONA BEACH, Fla. — Ryan Blaney sat next to William Byron after the Clash as they answered questions last Wednesday about their second- and third-place finishes in the exhibition event. The conversation turned to this weekend’s Daytona 500. “Try to see if we can make William not win one,” Blaney quipped. Byron responded: “You’re pretty…
Environmental Protection Agency (EPA) Administrator Lee Zeldin speaks accompanied by U.S. President Donald Trump, at the White House in Washington, D.C., U.S., February 12, 2026. Jonathan Ernst | Reuters The Trump administration on Thursday revoked a landmark scientific finding that serves as the legal foundation for federal regulations to limit greenhouse gas emissions, in a…
Tractor trailers sit parked at a J.B. Hunt Transport Services Inc. facility in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images Shares of several trucking and logistics companies declined Thursday on fears that new artificial intelligence tools could slash major freight inefficiencies, leading to less demand for the industry’s services. A new tool from…
Sen. Thom Tillis, R-N.C., on Thursday rejected a proposal aimed at ending the Department of Justice’s controversial criminal probe into Federal Reserve Chair Jerome Powell and clearing a path for his successor, Kevin Warsh, to be confirmed. The proposed off-ramp, which has been floated by at least one Republican lawmaker this week, would see the…
You know all about the Power 6 conferences in college basketball. You hear about those more than any other, and those groups often dominate the March Madness conversation. There are 31 other conferences out there, however, and our goal is to get you up to speed on the teams, players and fights in the standings…
FedEx on Thursday outlined projected revenue growth over the next three fiscal years that it says will be powered by digital innovation and new business lines in Europe. The company said adjusted earnings for its third quarter are expected to exceed Wall Street estimates due to an “exceptional” holiday season and that by fiscal year…
Check out the companies making the biggest moves in midday trading: Crocs — Shares of the clogs manufacturer surged 21% after Crocs reported upbeat guidance for the current quarter. The company sees adjusted earnings ranging from $2.67 to $2.77 per share, surpassing the FactSet consensus call for $2.52 per share. The earnings outlook for the…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. Wall Street is lower Thursday, with declines picking up steam after the conclusion of the Morning Meeting. The market rotation into cyclicals from technology stocks, especially software, continues to…
A federal judge on Thursday temporarily enjoined Defense Secretary Pete Hegseth from officially censuring Sen. Mark Kelly over that Arizona Democrat’s participation in a video reminding American military service members they have a right to refuse illegal orders. The judge’s order also blocks Hegseth, for now, of reducing Kelly’s U.S. Navy rank. Kelly retired from…
