(Bloomberg) -- Narendra Modi vowed to continue as India’s prime minister even after his party lost its majority in parliament, forcing him to rely on allies to form a government for the first time since he stormed to power a decade ago. Most Read from BloombergModi Vows to Retain Power Even as Party Loses India MajorityShort Sellers in Danger of Extinction After Crushing Stock GainsMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyTreasuries Gain as JOLTS Spurs Faster Fed-Cut B...

The tech industry is undergoing a round of layoffs. Microsoft (MSFT) has confirmed it will be introducing a workforce reduction, and Alphabet's Google (GOOG, GOOGL) is reportedly looking to follow suit. Yahoo Finance's Dan Howley explains the motive for the job cuts despite strong balance sheets. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith...

An open letter by a group of 11 current and former employees of OpenAI and one current and another former employee with Google DeepMind said the financial motives of AI companies hinder effective oversight. "We do not believe bespoke structures of corporate governance are sufficient to change this," the letter added...

These companies' stocks are a better value than Microsoft and are screaming buys right now...