Cisco Systems Inc. reported fourth-quarter fiscal 2026 results Wednesday, delivering record demand figures driven by surging artificial intelligence infrastructure spending. The company described a broad-based “networking supercycle” underway, with hyperscaler AI infrastructure orders reaching $9.3 billion for the full fiscal year 2026. That figure represents a roughly 4.5-fold increase from the prior year, underscoring the…

The July consumer price index report landed broadly in line with expectations Wednesday, offering modest relief but far from a clean bill of health on inflation. The CPI rose 0.1% for the month, pushing the annual rate to 3.4%, while core readings came in at 0.2% monthly and 2.5% annually, according to the Bureau of…

China is aggressively expanding its economic footprint across Muslim-majority nations, positioning itself as the dominant industrial partner for a vast and growing consumer base. The strategy reflects Beijing’s broader ambition to diversify its manufacturing relationships at a time when Western trade tensions continue to reshape global supply chains. With a combined Muslim population exceeding 1.8…

The U.S. budget deficit surged to its highest monthly level in more than five years in July, driven by soaring Medicare costs and mounting federal debt interest payments. The Treasury Department reported Wednesday that the July shortfall totaled $432.3 billion, a jump of approximately 48% compared to the same month a year ago. That figure…

Nvidia (NVDA), Intel (INTC), and Alphabet (GOOGL) are riding a wave of investor enthusiasm that is beginning to look dangerously familiar to market veterans. Analysts and longtime market observers are drawing direct parallels between today’s AI-driven rally and the infamous dot-com bubble of the late 1990s. The signs of giddy euphoria, as some describe it,…

Tencent Holdings reported an 11% rise in second-quarter revenue on Wednesday, fueled by strong advertising sales and steady contributions from its gaming division. The Shenzhen-based technology giant posted revenue of 204.8 billion yuan, equivalent to approximately $30.36 billion, for the three months ended June. That figure came in ahead of analyst estimates of 202.2 billion…