Job Cuts in Tech Sector Spread Microsoft Lays Off 10000
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Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint
Lululemon is shutting down its Washington distribution center and laying off 128 employees after it opened a massive new warehouse outside of Los Angeles.CNBC - Business -
Microsoft Makes High-Stakes Play in Tech Cold War With Emirati A.I. Deal
Microsoft said it would invest $1.5 billion in G42, an Emirati company with ties to China, as Washington and Beijing maneuver to secure tech influence in the Persian Gulf.The New York Times - Tech - Microsoft -
Nike discloses ‘second phase’ of job cuts at its headquarters amid cost-savings efforts
More than 700 staff at Nike’s global headquarters in Oregon will have been laid off by June 28, the company said.MarketWatch - Business -
Billy Joel special to air again after abrupt cut-off on CBS
A Billy Joel special on CBS and Paramount+ will air again after it was cut off in the middle of the singer's performance of "Piano Man."CBS News - Entertainment -
Comex Gold, Silver Settle Higher
Gold settled up 0.7% at a new record high Friday, and silver rose 1.7%, up 15 of the past 17 sessions. Both metals posted a gain for the week.The Wall Street Journal - World -
Columbia University Protests Over Gaza War Continue and Spread to Other Campuses
The campus chapter of a faculty organization said it would “fight to reclaim our university.” Students were undeterred by the crackdown on their protest.The New York Times - Top stories -
Job Confidence Dips Among U.S. Workers
New LinkedIn data shows that Americans are feeling less secure in their jobs than in January. The sentiment among job seekers is even worse.Inc. - Business -
Why buying stocks in this hot sector may turn out to be a money-losing bet
The semiconductor industry has been soaring; that won’t last forever.MarketWatch - Business -
Microsoft Games Are Having A Major Moment On The PS5 Best-Seller Charts
Microsoft courted controversy earlier this year when it announced it would start bringing formerly Xbox console-exclusive titles to PlayStation, but if the current PSN charts are anything to go by, the strategy seems to be working.A look at the ...GameSpot - Tech - Microsoft -
Indians vote in huge election dominated by jobs, Hindu pride and Modi
Yahoo News - World -
Tech, Media & Telecom Roundup: Market Talk
Find insight on Pure Storage, Shopify, Canadian telecoms, Intuitive Surgical, and more in the latest Market Talks covering the Tech, Media and Telecom sector.The Wall Street Journal - World -
Microsoft Ups Ante in AI Race With China Through Stake in Abu Dhabi Firm
The $1.5 billion deal between the U.S. tech firm and Abu Dhabi-based G42 signals a pivot for the Gulf state toward WashingtonThe Wall Street Journal - Tech - China -
House advances aid bills for Israel, Ukraine, putting Johnson's speaker job in jeopardy
House Speaker Mike Johnson has introduced several standalone measures to provide funding for American allies abroad and U.S. border security, but a handful of Republicans really hate the idea. CBS News congressional correspondent Nikole Killion is ...CBS News - Top stories -
TV and film jobs may never fully recover post-pandemic, strikes, says Teamsters president
When it comes to film and TV jobs, "you'll hear the word 'contraction' a lot," said Teamsters president Tommy O'Donnell on a recent MediaMKRS panel.CNBC - Business -
US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
How No-Code and Low-Code Tech Is Changing Innovation and Design
The arrival of no-code and low-code platforms have tech giants advocating for intuitive technology design.Inc. - Business -
Netflix’s stock has worst day in two years as its ‘rite of passage’ gets panned
Other tech companies have pulled back on financial disclosures as they’ve grown, and now Netflix will do the same.MarketWatch - Business - Netflix -
China moves to boost foreign investment in domestic tech companies
Yahoo News - World - China -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
Cramer’s week ahead: Earnings from Tesla, Merck and Big Tech
CNBC's Jim Cramer said next week's PCE index report will be the real gauge of inflation.CNBC - Business -
From WhatsApp to Greggs - why is tech going down more?
Experts say tech outages do seem to be happening more often.BBC News - Top stories -
His goal likely saved Ferguson's job at Man United. Now Coventry coach could push Ten Hag near exit
In 1990 Mark Robins scored a goal that has long been credited for saving former Manchester United manager Alex Ferguson his job and provided the platform for more than two decades of successABC News - Sports -
39-year-old left full-time job to grow her side hustle—now she makes $279,000 a year without working 'all the time'
Bernadette Joy started her money coaching business as a side gig, before realizing she could use it to increase her income while spending less time working.CNBC - Business -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
Nissan Motor Cuts Annual Profit Estimate on Lower Vehicle Sales
Nissan Motor cut its net profit estimate for the fiscal year, missing analysts’ expectations, as it sold fewer cars than previously expected due to heightened competition.The Wall Street Journal - World -
British retail sales stagnate as shoppers cut back on groceries
Economists had expected 0.3% expansion in MarchFinancial Times - World -
Artist evicted by London landlord cuts rent by commuting from Argentina
Andy Leek, creator of Notes to Strangers, made the move after finding himself unable to afford rising rents in UK capital. An artist who was made homeless after being evicted by his private landlord in London has started effectively commuting from ...The Guardian - World -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Antisemitic false quote cut from Liz Truss memoir
The ex-PM's publishers apologise and agree to remove a fake quote tied to an antisemitic conspiracy theory.BBC News - Top stories - United Kingdom -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Jeremy Hunt targets further 2p cut in national insurance
Tories aim for pre-election announcement despite warnings from IMF about UK’s fragile financesFinancial Times - Business - United Kingdom -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Medicare ignored expert advice to cut tests for transplant patients: Report
Contractors for the Centers for Medicare and Medicaid Services (CMS) cut access to tests for transplant patients that could show early signs of organ rejection despite expert physicians advising the opposite, a new report has found. The Health ...The Hill - Politics -
App to cut EU border queues won't be ready in time
An EU-developed app to ease predicted queues under a new border system will not be ready in time, says Eurostar boss.BBC News - Top stories - European Union -
World’s biggest election kicks off as India votes
Millions of Indians cast ballots in the first round of a general election that ends in June.BBC News - Top stories - India -
Google streamlines structure to speed up AI efforts
Teams tackling artificial intelligence models unified under leadership of DeepMind founder Demis HassabisFinancial Times - Business - Google -
Will Rishi Sunak be crushed by the May 2 local elections?
Tory MPs believe PM could face no-confidence vote if party loses crucial mayoralties and hundreds of council seatsFinancial Times - Business -
The Simpsons Might Kill Off This Character Very Soon
The Simpsons may kill off a character on this weekend's episode of the long-running animated series. Matt Selman, who has written for The Simpsons since 1997, posted a cryptic message on social media this week, portending the death of a ...GameSpot - Tech -
Oil market shrugs off Israeli strikes on Iran
Brent spikes above $90 before dropping close to three-week low as Tehran plays down attacksFinancial Times - World - Israel