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Microsoft Xbox layoffs: 20% of staff to go. We “didn’t focus on the core business,” CEO says.
Asha Sharma, CEO of Xbox, unveiled the largest restructuring in its history in what she described as a fundamental reset…
The Fed is ‘meaningfully deviating’ from Taylor rule, a tool for fighting inflation, BofA warns
Quick note: Subscribe to the forthcoming Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals,…
ONE BIG THINGA SpaceX-Tesla union would be a giant money-loser A SpaceX-Tesla union would be the largest merger of all…
Trump tells Netanyahu, ‘You’re f—ing crazy’ and Wall Street thinks he’s losing patience with the war
Traders seem to be betting that the U.S., Israel, and Iran are all trying to find a way out of…
The Fortune 500, in its 72nd year, ranks the biggest U.S. companies, both private and public, by revenue. And this…
‘We expect it to leak’: OpenAI is frontrunning the narrative around its $1 trillion IPO
OpenAI confidentially filed IPO papers with the SEC yesterday, setting the stage for yet another massive tech company float later…
OpenAI’s financial statements show steepening losses at the company, according to copies obtained by blogger Ed Zitron and the Financial…
SK Hynix: $29 billion stock offer going live this week will test investor appetite for AI stocksÂ
South Korean chipmaker SK Hynix isn’t one of the Magnificent 7 stocks but is in a class of its own…
Sam Altman seeks new world order for AI as OpenAI slowly loses ground to Google and AnthropicÂ
Tech stocks led declines globally overnight. The Nasdaq 100 closed down 1.54% yesterday. By contrast, the equal weight S&P 500…











