Microsoft Corp. shares rose about 1% in overnight trading ahead of Wednesday's open, after a report said the Windows maker is planning another round of job cuts as early as next week to rein in costs.Microsoft could lay off about 2.5% of its workforce, Business Insider reported on Tuesday, citing p…
Microsoft NASDAQ:MSFT is planning to cut under 2.5% of its workforce in the latest round of layoffs that could be announced as early as next week, Business Insider reported on Tuesday, citing sources.Reuters could not immediately verify the report.U.S. companies have continued to trim headcount in…
Microsoft is planning to cut under 2.5% of its workforce in the latest round of layoffs that could be announced as early as next week, Business Insider reported on Tuesday, citing people familiar with the matter.The layoffs will impact thousands of roles, including sales and consulting, as well as…
MICROSOFT PLANS ANOTHER ROUND OF JOB CUTS, IMPACTING THOUSANDS OF ROLES - BUSINESS INSIDERMICROSOFT'S JOB CUTS WILL BE LESS THAN 2.5% OF ITS WORKFORCE - BUSINESS INSIDERMICROSOFT I
Xbox, the gaming unit of Microsoft Corp (MSFT), has reportedly pulled out of a deal to fund and publish IO Interactive’s upcoming game Project Fantasy, as it reportedly re-evaluates its investment decisions. IO Interactive said it will continue developing the game but will now need to find other fu…
Citigroup strategists have reported a sharp slowdown in retail investor activity across the Magnificent Seven, with trading participation falling to a four-year low after months of muted demand. Retail traders accounted for just 6% of total trading over the five days through Friday in Alphabet NASD…
OpenAI:
AI SPENDING SPREE BY U.S. HYPERSCALERS MAY OBSCURE RISING FINANCIAL RISKSTechnology companies’ heavy spending to gain an edge in artificial intelligence could pose a systemic financial risk because of the aggressive structures used to obscure their true outlays and revenues, Mark Malek, chief inves…
Wedbush’s Global Head of Tech Research, Dan Ives, said Tuesday that the upcoming earnings will be a “huge validation moment” for big tech, adding that he expects the Magnificent Seven (MAG 7) stocks to significantly outperform in the second half of the year.Ives said AI investments by companies lik…
By Richard Rubin and Theo FrancisMicrosoft's Ireland hub generates over $7 million in pretax profit per employee, 13 times the company's worldwide average, according to new required disclosures that show the company concentrating earnings in the low-tax jurisdiction.Microsoft's disclosures are amon…
By Caitlin McCabe18%That's how much Microsoft shares have fallen this month as investors retreat from Mag 7 stocks. It's put the tech behemoth on track for its worst month since December 2000, when stocks were in the midst of the dot-com bubble burst.Losses like this are quite rare for Microsoft. A…
Tesla NASDAQ:TSLA faces another autonomy challenger as Wayve builds momentum with automakers, ride-hailing partners and major tech investors.Wayve recently signed a deal with Stellantis NYSE:STLA and Uber NYSE:UBER to explore Level 4 robotaxi deployments globally. It also signed an earlier agreemen…
A securities fraud class action lawsuit has been filed on behalf of Microsoft investors after its stock plummeted 10% because Microsoft allegedly misled investors regarding its AI chatbot Copilot and cloud computing platform Azure.NEW YORK, June 30, 2026 /PRNewswire/ -- Leading securities law firm…
By Terence GabrielThe Magnificent Seven stocks may be nearing an important turning point after a sharp June selloff. The big question now is whether buyers step in soon, or whether the decline has further to run.Click here for a more detailed chart.The group has fallen much more than the broader ma…
By Lewis KrauskopfThe U.S. stock market faces a gauntlet of tests to keep its rally going in the second half of 2026, from the sustainability of AI spending to a high corporate earnings bar and the outlook for interest rates under a Federal Reserve with a new chairman.The benchmark S&P 500 CBOE:SPX…
Tech Mahindra NSE:TECHM, a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a collaboration with Microsoft to showcase an advanced Network Digital Twin solution. The solution is designed to help communications service providers moder…
Microsoft raised Xbox Series S price $100, citing higher memory chip costs from AI demand and tighter data-center supply; says extra memory costs are passed to customers.Microsoft
Warren Buffett is skipping his usual mid-year multibillion-dollar donation to the Gates Foundation as he waits to see the findings of a review by the foundation of its ties to late sex offender Jeffrey Epstein, the Wall Street Journal reported on Monday.The foundation has been mired in controversy…
In this episode of ETF Spotlight, I speak with Chris Gannatti, global head of research at WisdomTree, about quantum computing and the WisdomTree Quantum Computing Fund WQTM.Unlike traditional computers that use binary digits, or bits, which can only represent 0 or 1, quantum computers use quantum b…
Alphabet NASDAQ:GOOG shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones Industrial Average DJ:DJI, replacing Verizon Communications NYSE:VZ, and immediately ranking among its most influential members.
