Microsoft is set to lay off up to 2.5% of its global workforce, which could affect approximately 5,700 employees, including roles in sales, consulting, and the Xbox gaming division. This move follows previous layoffs last year and earlier this year, as the company restructures to focus more on artificial intelligence. The Xbox division is also undergoing significant cuts, with potential studio closures and project cancellations. Despite these layoffs, some affected employees may be offered new roles within Microsoft. The company's stock has recently dropped about 19%, reflecting investor concerns about AI's impact on software services.
The iShares Dow Jones US ETF (IYY) provides broad exposure to the U.S. equity market but is heavily weighted towards large-cap tech companies like Microsoft, Amazon, Alphabet, and Meta, which make up over 16% of the fund. Its recent outperformance co...
Microsoft announced a $2.5 billion investment to create Microsoft Frontier Company, a new business focused on helping organizations deploy AI at scale by embedding 6,000 engineers and experts directly within customer operations. This initiative aims ...
On April 8, 2025, President Donald Trump made 327 stock purchases focused on major tech companies during a market sell-off triggered by his new tariff plan. The next day, he announced a partial rollback of these tariffs, causing the S&P 500 to surge ...
In the first half of 2026, the Technology Select Sector SPDR Fund (XLK) led sector gains with a 33% return despite a June pullback due to AI spending concerns and Fed rate hike fears. The Energy sector (XLE) rose 21%, driven by supply disruptions and...
Microsoft announced a new business unit, Microsoft Frontier, aimed at accelerating enterprise AI deployments using its existing AI tools. Backed by a $2.5 billion investment and 6,000 experts, the venture aims to be the largest outcome-driven enginee...
