Border patrol chief stepping down: 'It is time'

U.S. Border Patrol Chief Mike Banks is stepping down from his role after about a year and a half at the agency, sources told The Hill affiliate network NewsNation. Banks announced her retirement in an email to colleagues on Thursday, calling the position “the honor of my lifetime.” “After more than 37 years in public……

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Cerebras (CBRS) starts trading on Nasdaq after IPO

Cerebras Systems soared in its Nasdaq debut on Thursday, opening at $350 after selling shares at $185, well above the company’s expected range. That values the chipmaker at over $100 billion. The company sold 30 million shares in its offering late Wednesday, raising $5.55 billion, the largest IPO for a U.S. tech company since Uber’s…

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Cisco (CSCO) pops on AI demand

Cisco CEO Chuck Robbins told CNBC on Thursday that skyrocketing demand for artificial intelligence tools and equipment is powering the industry toward a “networking supercycle.” Shares jumped 14% and headed for their best day in more than two decades after Cisco blew past its AI infrastructure and hyperscaler guidance orders for the fiscal year and lifted…

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