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Tax prep company Intuit to lay off 1,800 as part of AI-focused reorganization plan
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Financial Times - Business
Fed says first cut to US interest rates could come in September
Central bank holds rates steady but comments by chair Powell boost expectations of pre-election move3 hr ago - Federal Reserve -
Inc. - Business
Intel Plans to Lay Off Thousands to Stabilize Its Finances
Shares of the company have plunged 40 percent this year as the chipmaking market gets hypercompetitive.7 hr ago -
VentureBeat - Tech
Bungie lays off 220 people amidst shift to ‘new path’
Bungie announced today it's laying off more people as it attempts to shift its financial strategy following 2023's economic downturn.7 hr ago -
Los Angeles Times - Entertainment
'Halo' and 'Destiny 2' video game studio to lay off 17% of its workforce
The "Destiny 2" and "Halo" creator said Wednesday that it would be laying off 220 employees, the result of too much expansion amid a slowdown in the video game industry.7 hr ago -
ABC News - World
Top German court faults part of a plan to solve the country's problem of too many lawmakers
Germany’s highest court has upheld the central part of an electoral reform designed to downsize the country’s increasingly bloated parliament14 hr ago -
Financial Times - World
Understanding China’s pragmatic AI plan
While the US ecosystem has the edge in groundbreaking innovations, the Chinese one excels in execution9 hr ago - China -
The Wall Street Journal - World
For Many Companies, Spending on AI Means Spending on Microsoft
The enthusiasm that fueled spending on generative AI is calming. But when companies do spend, Microsoft is winning many of their dollars.1 hr ago - Microsoft -
Financial Times - Business
Microsoft’s AI spending plans should stack up
The software and cloud giant and AMD tell similar story of pent-up demand16 hr ago - Microsoft -
MarketWatch - Business
Cannabis company Tilray made a huge bet on craft beer. It’s already paying off.
Tilray’s U.S.-listed stock rallied 10% after better-than-expected quarterly sales and a 2025 revenue outlook that’s ahead of estimates.5 hr ago -
CNBC - Business
Meta's advertising growth is proof that hefty AI spending is already paying off
For investors skeptical of Meta's massive investment in artificial intelligence infrastructure, CEO Mark Zuckerberg is urging them to look at the results.35 min ago
More from ABC News
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ABC News - Top stories
Teen charged with murder following UK stabbing attack that left 3 girls dead
A 17-year-old male has been charged with the murders of three young girls in a knife attack at Southport,30 min ago - United Kingdom -
ABC News - Top stories
The Tehran assassination has changed the game: Analysis
The assassination of Ismail Haniyeh has the entire Middle East on an absolute knife’s edge.1 hr ago -
ABC News - Top stories
Western wildfires latest: 1 dead in new Colorado blaze
A wildfire that started Tuesday in Colorado has killed a person in their home, while California firefighters continue to battle the nation's largest active wildfire.3 hr ago -
ABC News - Top stories
Fed holds interest rates steady, but cut expected soon
Interest rates stand at a 23-year high.4 hr ago - Federal Reserve -
ABC News - Top stories
Man shot to death outside mosque in 'execution-type' killing
A 43-year-old man on his way to evening prayers at a Philadelphia mosque on Tuesday was shot multiple times and killed, police said.9 hr ago