Microsoft to Cut 10000 Jobs As Spending Slows
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As Tesla layoffs continue, here are 600 jobs the company cut in California
Tesla has eliminated another 600 jobs across its operations in Fremont and Palo Alto, California.CNBC - Business - California -
China Is Finally Getting Serious About a Housing Rescue
Beijing has announced a plan to clear the backlog of unsold homes, but questions remain over the scale and financing of the program.The Wall Street Journal - World - China -
China Consumption and Investment Slow Unexpectedly
China’s consumption and investment slowed in April, while industrial output beat expectations as Beijing doubled down on its manufacturing drive to spur growth.The Wall Street Journal - World - China -
How much money the U.S. spends on war
American military spending reached $916 billion in 2023, which accounts for more than a third of the world's total military expenditure.CNBC - Business -
Microsoft offers staff to relocate from China
Offer comes as tensions rise between Washington and Beijing over sensitive technologyFinancial Times - Business - Microsoft -
Microsoft's Partnership With Mistral AI Cleared by U.K. Regulator
The U.K. Competition and Markets Authority cleared Microsoft’s partnership with Mistral AI.The Wall Street Journal - World - Microsoft -
Slow: the Lithuanian asexual romcom that raises ‘a lot of questions’
Marija Kavtaradze’s new film is a love story with a truly radical approach to intimacy. She reveals how she made a will they/won’t they tale that strays into little-known territory. They meet cute in a dance rehearsal studio. She’s a contemporary ...The Guardian - World -
With Ukraine Funded, New Fight Emerges in Congress Over Pentagon Spending
Mitch McConnell and other top Republicans want more federal money for the military. But Democrats say domestic programs must get an equivalent boost.The New York Times - Top stories - Ukraine -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Microsoft Is Pushing For No "Red Line" For What Games Could Come To PlayStation - Report
Microsoft is reportedly pushing to have no "red line" or restrictions when it comes to putting Xbox games onto PlayStation.. According Windows Central, Microsoft CEO Satya Nadella and CFO Amy Hood are mandating increasing margins across all ...GameSpot - Tech - Microsoft -
Microsoft Asks Some China Staff to Relocate Amid Sino-US Tensions
The group of mostly Chinese nationals work on cloud computing and machine learning, which are now flashpoints in the growing U.S.-China rivalry.Inc. - Business - China -
Why Microsoft is still ahead of Google in the war for AI developers
Google, despite its technical prowess, will need to double down on its efforts to simplify and streamline its AI offerings for developers if it hopes to catch up.VentureBeat - Tech - Google -
Chinese shoppers are buying less than they used to — but they're spending on experiences
Yahoo News - World -
McConnell, Collins on collision course with Democrats over spending parity
Senate Republicans are on a collision course with Democrats who are insisting that nondefense spending programs receive equal treatment with defense programs. Senate Republican Leader Mitch McConnell (Ky.) says he won’t accept Democrats’ demand to ...The Hill - Politics -
Microsoft's Mistral partnership avoids merger probe by British regulators
Mistral, a French AI firm founded in 2023, won a 15 million euro, or $16 million, investment from Microsoft earlier this year.CNBC - Business -
UK watchdog decides not to investigate Microsoft's AI partnership with France's Mistral
British regulators say they don’t need to open a competition investigation into Microsoft’s partnership with French artificial intelligence company Mistral, a month after asking for industry feedback on the dealABC News - Tech - United Kingdom -
Schumer’s slow-walk on AI ‘regulation’ is a nothing but a boon for Big Tech
, Sen. Schumer has burned another year and wasted another opportunity to advance the conversation, as the dangers of AI overreach and huge corporate concentration have grown more grave.The Hill - Politics -
China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.CNBC - Business - China -
Ukraine halts Russian advance and unleashes drones on Crimea as Putin makes first comments on new offensive
KYIV, Ukraine — Ukraine said its forces had slowed the Russian advance in the war's new hotspot as Moscow said Friday a massive wave of drones attacked several regions including occupied Crimea.NBC News - Top stories - Ukraine -
Durbin says he’s open to reinstating rule that could slow judicial confirmations
Politico - Politics -
Microsoft Asks Hundreds of China-Based AI Staff to Consider Relocating Amid U.S.-China Tensions
The request comes as the Biden administration toughens controls on China’s access to cutting-edge American technology.The Wall Street Journal - Tech - China -
ChatGPT now lets you import files directly from Google Drive, Microsoft OneDrive
Users can find it by clicking the tiny paper clip icon to the left of their prompt/text entry bar at the bottom of the ChatGPT interface.VentureBeat - Tech - Google -
Microsoft Plans Boldest Games Bet Since Activision Deal, Changing How 'Call of Duty' Is Sold
The software company will add the latest installment of the hit videogame series to its Game Pass subscription service at launch.The Wall Street Journal - Tech - Microsoft -
Hunt hints at another National Insurance tax cut
Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.BBC News - Top stories -
Fantasy Football 2024 NFL schedule strategy: How to deal with bye weeks, who starts hot or slow, more
What to know about how the NFL's schedule impacts your Fantasy strategyCBS Sports - Sports - Fantasy Football -
Harvard was slow to react to a wave of hostility against Jewish students last fall, according to a report by a Republican-led House committee.
Harvard was slow to react to a wave of hostility against Jewish students last fall, according to a report by a Republican-led House committee.The Wall Street Journal - World -
Dow Closes Below 40000 After Hitting Milestone
The Dow Jones Industrial Average crossed 40000 for the first time before pulling back to finish the day with a loss of around 0.1%. The S&P 500 and Nasdaq Composite also retreated.The Wall Street Journal - World -
Hunt to claim only Tories will cut UK tax burden after the election
Chancellor to attack Labour in keynote speech after canvassing tech bosses’ views on growth measuresFinancial Times - Business - United Kingdom -
Replit cuts staff by 30 amid aggressive AI push in software development
Replit, a cloud-based software development platform, lays off 30 employees as it focuses on integrating AI into its coding tools, aiming to make programming more accessible.VentureBeat - Tech -
Gold Prices Rise as U.S. Inflation Data Boosts Rate Cut Hopes
Gold rose on renewed hopes for Federal Reserve interest-rate cuts, after U.S. inflation eased slightly in April in line with expectations.The Wall Street Journal - World -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Hunt signals pre-election tax cut as Tories move on to campaign footing
UK chancellor accuses Labour of ‘a lie’ and funding ‘black hole’ in political speechFinancial Times - Business -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Microsoft is asking hundreds of employees in its China-based cloud-computing and AI operations to consider transferring outside the country, as it finds itself caught in the crosshairs of escalating U.S.-China tensions.
Microsoft is asking hundreds of employees in its China-based cloud-computing and AI operations to consider transferring outside the country, as it finds itself caught in the crosshairs of escalating U.S.-China tensions.The Wall Street Journal - World -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business