Business news

Business news • Jul 06

Microsoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major Overhaul

Microsoft Corp.'s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in...

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Business news • Jul 06

Microsoft cuts 4,800 jobs, as Xbox unit downsizes and plans to spin off four gaming studios

Microsoft is cutting jobs in its commercial business and its Xbox gaming group, where revenue has been shrinking.

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Business news • Jul 06

Microsoft is laying off 4,800 employees

A year after cutting around 9,100 employees, Microsoft is making further layoffs today as it begins its new financial year. The software maker is laying off...

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Business news • Jul 06

Trump plugs Dell at first-ever White House opening bell, sending shares soaring

President Donald Trump promoted Dell Technologies from the White House after ringing the opening bell of the stock market in the Oval Office.

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Business news • Jul 06

How Trump made more than $1B on crypto when most of his coin's investors lost money

President Donald Trump launched his $TRUMP memecoin in the days leading up to his second inauguration, ushering in a pro-crypto administration - and a...

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Business news • Jul 06

Elon Musk's No. 2 Says She's Giving SpaceX Stock to Trump Accounts

SpaceX president Gwynne Shotwell says she's donating company stock to Trump Accounts, days after President Donald Trump said he expected the rocket maker's...

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Business news • Jul 06

‘I’m Now Broke’: Meet The Investors Who Lost Billions Buying Trump Stocks And Crypto

Desperate to rebuild his fortune, Donald Trump asked his political supporters to become his business partners. Those who trusted him most got hurt the...

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Business news • Jul 06

Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin

A report from a cryptocurrency analytics firm details how those who bought the Trump memecoin have fared, with most retail investors having lost money while...

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Business news • Jul 06

Asia stocks ease as Japan, South Korea chipmakers retreat after rally

(Recasts throughout with updated market levels, chip-sector focus, oil/Fed context, refreshed stock moves and regional outlook). Investing.com -- Japan and...

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Business news • Jul 06

KOSPI Plunges as Foreign Sell-Off Hits 11th Day Ahead of Samsung’s 'Explosive' AI Earnings

South Korea's KOSPI plunges amid an 11-day foreign sell-off as investors brace for volatility ahead of Samsung's explosive AI earnings.

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Business news • Jul 06

Comcast’s Sky to Acquire ITV’s Networks and Streaming Businesses in $2.13 Billion Deal

Comcast's Sky agreed to acquire UK TV giant ITV's networks and streaming businesses, but not ITV Studios.

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Business news • Jul 06

OPEC+ countries say they will expand monthly oil production

Seven OPEC+ members, including Saudi Arabia and Russia, to increase output by 188000 barrels per day.

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Business news • Jul 06

India tells Meta to remove child abuse content from Instagram

India notified Meta Platforms Inc that it needs to remove sexual content involving children from its platforms, including Instagram, marking the latest...

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Business news • Jul 06

Delta passengers report hours-long delays, cancellations on Atlanta-to-Chicago flights during busy holiday weekend

Travelers flying from Atlanta to Chicago faced a frustrating start to the holiday weekend Friday, with many reporting hours-long delays and, in some cases,...

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Business news • Jul 06

Fueling system problem forces ground stop at Logan Airport

Trouble with a fueling system forced delays and cancellations of some flights departing Boston Logan International Airport on Sunday night.

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Business news • Jul 06

A dad revealed how his family of 5 eats at Chick-fil-A for under $45

A father says his family of five is able to eat at Chick-fil-A for under $45 using a DIY sandwich "hack," though menu prices vary by location amid concerns...

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Business news • Jul 06

S&P 500 and Nasdaq futures extend gains after a strong week on Wall Street: Live updates

Stock futures were mixed on Sunday night following a strong week on Wall Street that drove the Dow Jones Industrial Average to record highs.

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Business news • Jul 06

South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave

South Korean chipmaker SK Hynix will on Monday launch its about $28 billion U.S. listing, according to its regulatory ‌filings, in one of the world's...

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Business news • Jul 05

Exclusive | NASA Leader Flew His Vintage Jet at DC Air Show Over FAA Objections

The regulator initially denied Jared Isaacman's request to fly in the Freedom 250 celebration, calling the aircraft too dangerous for densely populated...

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Business news • Jul 05

Samsung likely to post 18-fold jump in profit on surging AI demand for memory

Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold ​to another record high from a year earlier in the second quarter,...

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