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- FinanceCNBC•3 hours ago
Cisco Systems (CSCO) CEO Chuck Robbins told CNBC on Wednesday if the company could repatriate overseas capital, it would do a combination of dividends, buybacks and M&A activity. Repatriating cash, or bringing international profits back to the U.S., would ultimately create some jobs for Cisco, Robbins said on " Squawk Box " on Wednesday at the Business Roundtable meeting in Washington. Cisco has more than $60 billion abroad, and it could be one of the biggest beneficiaries of repatriation measures proposed by President-elect Donald Trump.
- BusinessThe Street•18 hours ago
Advanced Micro Devices (AMD) stock closed up 8.87% to $9.45 on Tuesday following reports that the global semiconductor company inked a licensing deal with rival technology firm Intel (INTC) . Advanced Micro is reportedly licensing its Radeon graphics processing unit for use in Intel's next generation of CPUs, Investors Business Daily reports. Intel currently holds a license for chipmaker Nvidia's (NVDA) technology, but that deal is set to expire in March. Although the Intel deal has not yet been confirmed, Advanced Micro Devices did tie up an extended three-year strategic partnership with software company Mentor Graphics (MENT) on Monday which will expand their agreement to create an embedded software ecosystem.
- BusinessCNBC•4 hours ago
A new client recently arrived in certified financial planner Stephanie Genkin's office with a troubling debt situation: $250,000 owed on student loans and $25,000 in credit card debt. The client "was focused on trying to pay down the student loan, but I saw the danger more in the credit card debt for a couple of reasons," said Genkin, founder of My Financial Planner.