News

Shares in Cisco Systems (CSCO) surged premarket after the company laid out plans to cut thousands of jobs to free up cash for artificial intelligence. In announcing it plans to shed about 5% of its workforce just this quarter, Cisco joins a number of companies making drastic cuts to adapt to the AI era—most recently GitLab (GTLB), which made headlines earlier this week when it outlined plans to shrink its footprint and headcount, scrap layers of management and use AI to automate certain functions. Cisco shares are up about 18% ahead of the opening bell.

Karooooo (KARO) delivered earnings and revenue surprises of -14.28% and +1.59%, respectively, for the quarter ended February 2026. Do the numbers hold clues to what lies ahead for the stock?

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.16%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.87%. June E-mini S&P futures (ESM26 ) fell -0.16%, and June E-mini Nasdaq futures...

Investing.com -- Raymond James downgraded GitLab to “Market Perform” from “Outperform,” citing growing concerns over the software firm’s sweeping internal restructuring plans and weakening growth trends.

The S&P 500 Index ($SPX ) (SPY ) today is down -0.74%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.45%. June E-mini S&P futures (ESM26 ) are down -0.74%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.72%. June E-mini S&P futures (ESM26 ) are down -0.38%, and June E-mini Nasdaq futures...

Investing.com -- Gitlab Inc (NASDAQ:GTLB) shares fell 8.2% in after-hours trading Monday following the company’s announcement of a significant workforce reduction. The software development platform disclosed the plan in an 8-K filing, labeling the shift as "GitLab Act 2" to prepare for the "agentic era" of AI-driven engineering. The company reaffirmed its first-quarter and full-year fiscal 2027 guidance, originally issued on March 3. Management expects quarterly revenue between $253 million and