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Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’
Technology giant Cisco is cutting fewer than 4,000 jobs, or around 5% of its workforce, despite reporting better-than-expected profit and revenue in its fiscal third quarter. The networking equipment maker said it reducing its headcount in order to change its “cost structure” and invest in AI and cybersecurity.
Are Consumers Embracing AI In Their Retail Shopping Experience?
LeadershipLeadership StrategiesAre Consumers Embracing AI In Their Retail Shopping Experience?ByGary Drenik,Contributor.Forbes contributors publish independent expert analyses and insights. Gary Drenik is a writer covering AI, analytics and innovation.Follow AuthorMay 14, 2026, 10:00am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.AI Shopping AgentGetty Images - MF3dRetailers have spent years experimenting with artificia...
Cuba Runs Out of Fuel, Plunging Country Into Darkness and Protests
Cuba said the country has completely run out of the diesel and fuel oil it needs to keep its power plants running, with civil unrest starting to break out amid a de facto US energy blockade of the communist-run nation.
What is financial gap between Old Firm and rest of Scottish Premiership?
What is financial gap between Old Firm and rest of Scottish Premiership?ByKatharine SharpeBBC Sport senior journalistPublished11 minutes agoThis season's Scottish Premiership has produced the closest-fought battle involving a non-Old Firm club for decades.Holders Celtic will face Hearts in the final game of the season to decide the 2025-26 champions.Should the Edinburgh side avoid defeat against the Glasgow giants, they will be the first side outside the Old Firm to win the top flight in more th...
HMRC 'mandatory requirement' alert as new rules start Monday May 18 for some
A new registration requirement for certain people in the UK will roll out next week
EV Sales In Europe Jump With Oil Prices, But Long-Term Impact Unlikely
InnovationTransportationEV Sales In Europe Jump With Oil Prices, But Long-Term Impact UnlikelyByNeil Winton,Senior Contributor.Forbes contributors publish independent expert analyses and insights. U.K.-based Neil Winton covers the European Auto industry.Follow AuthorMay 14, 2026, 09:40am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Iran oil industry concept, industrial illustration - growing graph on Iran flag backgroun...
Government steps in as NatWest, Santander and Lloyds close branches in May and June
Dozens of branches of the three banks are confirmed to be closing, joining hundreds of others already gone across UK high streets
Which debt relief options can lower your monthly payments immediately?
MoneyWatch: Managing Your Money Which debt relief options can lower your monthly payments immediately? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where sh...
Forbes Unveils Its Inaugural Ranking Of The Top Family Businesses Featuring America’s Biggest Family Companies Driving Jobs, Growth And Generational Success
BETAThis is a BETA experience. opt-out hereBusinessForbes Unveils Its Inaugural Ranking Of The Top Family Businesses Featuring America’s Biggest Family Companies Driving Jobs, Growth And Generational SuccessForbes’ first-ever ranking features family business giants Walmart, Cargill, Wegmans, Wawa, Perdue Farms, Levi Strauss & Co and more ByForbes Press Releases,Forbes Staff.for Forbes Corporate Communications TeamFollow AuthorMay 14, 2026, 09:32am EDT--:-- / --:--This voice experience is generat...
Honda makes its first annual loss in 70 years
Honda makes its first annual loss in 70 yearsJust nowShareSaveAdd as preferred on GoogleFaarea MasudBusiness reporterGetty ImageAuto giant Honda made its first annual loss in 70 years as its investments in the electric vehicle (EV) market failed to pay off.Demand for EVs has not been as strong as the company forecast, with Honda reporting a total operating losses for the year ending March 2026 of ¥423bn ($2.68bn: £1.99bn.).The firm said it was scrapping some of its EV production targets and woul...
CVS Sale Of Omnicare Long-Term Care Pharmacy Continues Portfolio Revamp
InnovationHealthcareCVS Sale Of Omnicare Long-Term Care Pharmacy Continues Portfolio RevampByBruce Japsen,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Bruce Japsen writes about healthcare business and policy.Follow AuthorMay 14, 2026, 09:24am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.In this photo is CVS Health Corp. signage on the floor of the New York Stock Exchange (NYSE...
JPMorgan Strategist Says Winners in Global Stocks Go Beyond AI
Global stock markets are offering returns that in some cases are beating the S&P 500 Index, with technology companies comprising a small part of some strategies, according to Paul Quinsee at JPMorgan Asset Management.
Tate & Lyle in talks over £2.7bn takeover tilt from US rival
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Heritage Auctions' Ivy Sees Booming Collectibles Market
Sports items are proving themselves as investable assets alongside traditional collectibles such as rare coins, according to Heritage Auctions Chief Executive Officer Steve Ivy. He speaks with Bloomberg's Julie Fine in Dallas. (Source: Bloomberg)
Russia’s foreign trade surplus rises to $13.966 bln in March — Central Bank
Exports in March rose by $5.602 bln year-on-year to $41.064 bln
Faisal Islam: Six things we now know about the UK economy in charts
Faisal Islam: Six things we now know about the UK economy in charts7 minutes agoShareSaveAdd as preferred on GoogleFaisal IslamEconomics editorGetty ImagesThe British economy is showing far more resilience than expected by many economists, including the IMF which suggested the UK would be hardest hit by the Iran war.It's worth diving into some of those numbers in more detail to get a better sense of how the economy is going – and importantly, what people think about it.Here are six charts that e...
Can a debt collector freeze a bank account that contains Social Security benefits?
MoneyWatch: Managing Your Money Can a debt collector freeze a bank account that contains Social Security benefits? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.c...
US Retail Sales Moderate in April as Gasoline Prices Surge
US retail sales rose at a slower pace in April with the value of retail purchases increasing 0.5% last month after a revised 1.6% gain in March. Excluding gas stations, sales rose 0.3%. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Reversing The Separation Trend: Bridge People And Partners Are Growth Infrastructure
InnovationReversing The Separation Trend: Bridge People And Partners Are Growth InfrastructureBySerge Gladkoff,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 14, 2026, 09:00am EDTSerge Gladkoff, CEO of Logrus Global. gettyIn Uganda's Kibale Forest, researchers watched 200 Ngogo chimpanzees slide into nothing less than civil war. They were one co...
Fed’s Miran on Supply Shocks, Policy, Central Bank Tenure
Federal Reserve Governor Stephen Miran speaks about inflation from supply shocks, how the central bank can work with the Treasury and White House going forward, and reflects on his time at the Fed. (Source: Bloomberg)