By Scott MurdochAustralia's A$4.5 trillion pension fund industry participants are preparing their closely watched June-end financial year accounts for the country's nearly 18 million members, with some major funds expecting returns of less than 10%.
By Scott MurdochAustralia's A$4.5 trillion pension fund industry participants are preparing their closely watched June-end financial year accounts for the country's nearly 18 million members, with some major funds expecting returns of less than 10%.
By Abhirami GA consortium including Microsoft NASDAQ:MSFT and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore as technology firms compete to expand AI and cloud infrastructure in India, one of the world's fastest-growing data markets.The con…
INVESTORS ROTATE INTO BANKS, SOFTWARE AS CHIP STOCKS TAKE A BREATHERThe main U.S. indexes ended modestly red in choppy trading on Wednesday as investors parsed Federal Reserve Chair Kevin Warsh's comments that inflation risks had eased.Warsh also said he will stick firmly to the U.S. central bank's…
Microsoft (MSFT, Financials) is reportedly preparing another round of layoffs as it keeps a close eye on costs.Business Insider reported that the company could announce layoffs as early as next week. The cuts are expected to affect fewer than 2.5% of Microsoft's workforce.That may sound small, but…
Elon Musk on Wednesday denied a Wall Street Journal report that SpaceX NASDAQ:SPCX showed investors and other stakeholders a prototype of an AI-focused device ahead of its blockbuster IPO."Utterly false," Musk said in a post on X, without elaborating.The Journal had reported, citing people familiar…
The U.S. Commerce Department lifted export controls on Anthropic's Fable 5 and Mythos 5 models, less than three weeks after imposing them on June 12 following a report from Amazon NASDAQ:AMZN researchers describing a method to bypass Fable 5's safeguards. Anthropic had suspended both models for all…
Anthropic said the US Commerce Department has lifted export controls on Claude Fable 5 and Mythos 5, potentially reopening wider access after the startup worked through the Trump administration's safety concerns. The restrictions, first imposed through a private Commerce letter on June 12, had requ…
By Philip van DoornValue stocks tend to outperform growth stocks during periods of high inflation. These companies in the Russell 1000 Value Index have high revenue growth estimates for the next two years.Microsoft is now considered to be a value stock: The company's shares fell 23% during the firs…
Microsoft MSFT currently trades at a forward 12-month price-to-earnings ratio of 21.52X, above the Zacks Computer - Software industry's 18.83X, underscoring a valuation premium that has investors debating the stock's near-term direction. The company carries a Value Score of C, suggesting shares are…
By Katherine HamiltonTechnology infrastructure company Kyndryl is working with Microsoft to expand its sovereignty solution platform.Microsoft will contribute its sovereign cloud capabilities to Kyndryl's platform to help customers design, build and operate cloud architectures, the companies said W…
By Katherine HamiltonTechnology infrastructure company Kyndryl is working with Microsoft to expand its sovereignty solution platform.Microsoft will contribute its sovereign cloud capabilities to Kyndryl's platform to help customers design, build and operate cloud architectures, the companies said W…
Meta Platforms NASDAQ:META is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter.The move could reduce Meta's reliance on advertising revenue and help it take on major cloud companies, including Amazon NASDAQ:A…
Microsoft NASDAQ:MSFT may be getting ready for another round of job cuts as it keeps shifting money and people toward AI.Business Insider reported that the company is planning layoffs affecting less than 2.5% of its global workforce. Microsoft had about 228,000 full-time employees as of its June 20…
Microsoft NASDAQ:MSFT is planning to cut thousands of roles covering less than 2.5% of its workforce, with an announcement expected as early as next week. Microsoft had over 220,000 full-time employees, putting the potential cuts at roughly 5,500 roles. The reductions are expected to affect sales…
Microsoft NASDAQ:MSFT is preparing another round of layoffs that could affect fewer than 2.5% of its global workforce, with the changes expected to be disclosed as early as next week.Microsoft stock rose more than 1% on Tuesday trading.The company employed about 228,000 full-time workers as of its…
Britain's National Grid LSE:NG. said on Wednesday it will invest $1.75 billion for a 35% stake in Joulent, a U.S. energy platform developing power infrastructure for data centres, as it bets on a booming AI-driven power market.The deal will help fund Joulent's first project, a 2.67-gigawatt gas-fir…
By Padraic HalpinIreland said on Wednesday it secured commitments from foreign multinationals in the first half of 2026 to create 10,400 jobs, up slightly year-on-year, with North American companies still accounting for a large share despite U.S. trade protectionism.Ireland is hugely reliant on the…
Now generally available in Microsoft Foundry, Claude on NVIDIA GB300 Blackwell Ultra gives Azure-native enterprises a new foundation for building autonomous and domain-specific AI agents.Anthropic’s Claude models in Microsoft Foundry — hosted on Microsoft Azure and running on NVIDIA GB300 Blackwell…
Microsoft plans layoffs under 2.5% of its ~220k–228k staff (up to ~5,700 roles) across sales, consulting and Xbox; cuts tied to ongoing cost reductions, announcements expected soon
