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.

Microsoft is cutting jobs in its commercial business and its Xbox gaming group, where revenue has been shrinking.
Platner and his campaign denied the accusations made by 41-year-old Maine resident Jenny Racicot in a POLITICO article published Monday.
FIFA reversed Folarin Balogun’s suspension after Trump sought a review, letting the U.S. striker play Belgium as officials objected.
Toyota said it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from Mexico to its San Antonio manufacturing campus in Texas.
Chinese e-commerce giant Alibaba has put Anthropic's Claude Code on a high-risk software list.
About half-a-million SpaceX options traded by midday Monday, a little below the average since inception.
Student loan servicers have begun alerting borrowers that they have 90 days to leave the Biden-era SAVE plan. Here's what comes next.
"I didn't know what the hell a red card was," said Trump, who called FIFA President Gianni Infantino about the suspension of Folarin Balogun.
As Trump Accounts launch, millions of parents are figuring out how the new investment accounts fit with their family's financial goals.
Mike Khouw gives a trade on Rivian and Tesla, informed by his wife's recent auto purchase.
President Donald Trump told CNBC's Joe Kernen last week that he thought SpaceX CEO Elon Musk would donate company stock to the program.
Airlines are extending flight schedules to maximize on lucrative international travel.
Ultra is owned by private equity firm Advent International, and specialises in anti-submarine technology.
Klarna joins a wave of fintech and crypto firms seeking entry to the traditional banking system.
The deal for Full Swing will expand Versant's nontraditional media assets in an effort to diversify revenue from cable television.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
U.S. Ambassador to NATO Matthew Whitaker said NATO's allies boosting defense spending under pressure from Trump reflects “growing pains,” not a crisis.
TeraWulf is a crytpo mining company that has pivoted to AI data center infrastructure. Its stock is up more than 80% this year.
Trump reportedly spoke with Putin and Zelenskyy as Ukraine struck Russian targets and Moscow launched another deadly attack on Kyiv.
There's a growing investment in newer areas of defense such as deep strike capabilities, anti-drone and unmanned systems, with different priorities for different countries.
Iran may face challenges in clearing oil inventories even after restrictions have been lifted, amid oil supplies elsewhere while China becomes less enthusiastic
James Patten is the third person who will be sentenced in the stock manipulation scheme related to Hometown International, a company that owned just one deli.
Affordable Care Act marketplace enrollment has declined by 3 million people. The Trump administration points to fraud controls. Policy experts point to cost.
The SpaceX stock purchases come as Elon Musk’s company deepens its role in federal contracting and remains closely tied to President Donald Trump’s Washington.