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Cisco Tumbles Most Since 2011 as Supply Upheaval Hits Sales
(Bloomberg) -- Cisco Systems Inc. spooked investors with a warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter, sending its shares plummeting the most in more than a decade and renewing broader concerns about tech spending in a shaky economy.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsHow an Energy Expert Triggered Vladimir Putin With One WordAe
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Apple Shows AR/VR Headset to Board in Sign of Progress on Key Project
(Bloomberg) -- Apple Inc. executives previewed its upcoming mixed-reality headset to the company’s board last week, indicating that development of the device has reached an advanced stage, according to people with knowledge of the matter.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsHow an Energy Expert Triggered Vladimir Putin With One WordAeroflot Is Back to the Future as Sanctions Ground Its AmbitionsP
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Saudi Arabia’s PIF Adds to Games Push With 5% Nintendo Stake
(Bloomberg) -- Saudi Arabia’s Public Investment Fund took a 5.01% stake in Nintendo Co., its third investment in a Japanese games company as the industry consolidates. Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsHow an Energy Expert Triggered Vladimir Putin With One WordAeroflot Is Back to the Future as Sanctions Ground Its AmbitionsPutin’s War Means Russia’s Rich Aren’t Welcome at Davos AnymoreThe PIF,
