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Reports and rumors of massive layoffs at Xbox have been building since late last month, and the first blood has now been spilled. Bloomberg reports that Candy Crush maker King is cutting 200 employees, or roughly 10 percent of its 2,000-person headcount, with layoffs also underway at other European offices including those of Bethesda parent company ZeniMax...
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Alphabet shareholders fearing the end of Google’s search dominance just got some reassurance. Truist Securities offered an optimistic view on both the company’s coming quarterly results and its long-term prospects in the age of artificial intelligence. Analyst Youssef Squali reiterated a Buy rating for Alphabet stock, sticking with a target of $200 for the price in a research note Wednesday...
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The cuts represent less than 4% of the company’s global workforce and come on top of about 6,000 roles it eliminated in May...
Continue ReadingRosie O'Donnell didn't need a red carpet invitation to Jeff Bezos' $50 million wedding — she had something sharper to deliver. In a fiery post titled "Jeff's Wedding — God Help Us" published on her Substack on Sunday, O'Donnell unloaded on the Amazon founder, his new wife, Lauren Sánchez, and the celebrity-studded guest list. From Dublin, where she now lives, O'Donnell shared her view of the celebration, and it wasn't subtle. "It turned my stomach," she wrote. "Seeing all these billionaires gath...
Continue ReadingTesla (TSLA) deliveries dropped 13% year over year in the second quarter, missing estimates but improving from the first quarter. Market Catalysts host Brad Smith discusses the latest on Tesla and how electric vehicle (EV) sales could trend through the rest of 2025. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here...
Continue ReadingLast-minute changes to the Senate-approved bill could benefit big solar and wind developers like Next Era...
Continue ReadingWall Street on Wednesday largely shrugged off data showing an unexpected drop in US private sector jobs and US President Donald Trump ruling out a fresh tariffs delay.The S&P 500 and Nasdaq Composite were both higher in late morning trading despite data showing the US private sector unexpectedly losing 33,000 jobs in June, a potential sign of labour market weakness due to the prospect of high tariffs on key US trading partners snapping into place next week...
Continue ReadingThe tech company is laying off 4% of its workforce worldwide, in the latest round of job cuts after slashing 6,000 jobs in May...
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