MarketWatch First Take: Cisco revenue is growing again, and headed for more

MarketWatch First Take: Cisco revenue is growing again, and headed for more
Cisco Systems Inc. revenue grew for the third quarter in a row and hit a record, the company revealed Wednesday, and guidance indicated that the networking giant’s return to growth may be more sustainable. Cisco CSCO, -0.32%   reported better-than-expected fourth-quarter earnings Wednesday, with revenue growth of 6% and a full-year increase of 3% to $49.3 billion. That represented the... Read More

The Wall Street Journal: Trump reverses Obama-era cyberattack rules; unclear what replacement policy will be

The Wall Street Journal: Trump reverses Obama-era cyberattack rules; unclear what replacement policy will be
President Donald Trump has reversed an Obama-era memorandum governing how and when the U.S. government can deploy cyberweapons against its adversaries, in an effort to loosen restrictions on such operations, according to people familiar with the action. Trump signed an order Wednesday reversing the classified rules, known as Presidential Policy Directive 20, that had mapped out an elaborate interagency process... Read More

The Wall Street Journal: Trump claims his tariffs will revive U.S. steel industry

The Wall Street Journal: Trump claims his tariffs will revive U.S. steel industry
WASHINGTON — President Trump said that his steel tariffs on China and other countries are rescuing an iconic U.S. industry that was in danger of closing and predicted that the competition U.S. companies will face in the future will mostly be domestic due to his actions. In an impromptu, 20-minute Oval Office interview Wednesday, Trump said some people may complain... Read More

Capitol Report: Trump is right: America was ‘built on tariffs’

Capitol Report: Trump is right: America was ‘built on tariffs’
President Donald Trump says America was “built on tariffs.” George Washington, Alexander Hamilton and Abraham Lincoln are among those who supported them. President Trump defended his use of tariffs to force other countries to renegotiate “unfair” trade deals by claiming that “our country was built on tariffs.” He’s right. America was a staunchly protectionist country for most of its history... Read More

SEC sends subpoena to Tesla in probe over Musk tweets

SEC sends subpoena to Tesla in probe over Musk tweets
Federal regulators have subpoenaed Tesla Inc., according to a person familiar with the matter, ramping up an investigation into whether Chief Executive Elon Musk was truthful when he tweeted last week that he had secured funding to take the electric-car maker private. The subpoena from the Securities and Exchange Commission seeks information from each of Tesla’s directors, the person said.... Read More

The Wall Street Journal: T. Rowe, Fidelity sold more then 20% of their stakes in Tesla last quarter

The Wall Street Journal: T. Rowe, Fidelity sold more then 20% of their stakes in Tesla last quarter
Two prominent Wall Street investors pared their holdings in Tesla Inc. before Chief Executive Elon Musk disclosed publicly that he wanted to take the electric-car maker private, according to filings. Musk needs support from a majority of existing shareholders to pull off his surprise proposal, which he revealed on Twitter last week. Two of the biggest holders, T. Rowe Price... Read More

Cisco stock gets after-hours boost as earnings and outlook top estimates

Cisco stock gets after-hours boost as earnings and outlook top estimates
Cisco Systems Inc. shares rose in the extended session Wednesday after the networking company’s earnings and outlook topped Wall Street estimates. Cisco CSCO, -0.32%  shares advanced more than 5% in after-hours trading, following a 0.3% decline to close at $43.86 in the regular session. For the year, Cisco shares are up 14.5% while the Dow Jones Industrial Average DJIA, -0.54%... Read More