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The Latest Breaking News on Business

Microsoft's Biggest Gaming Layoffs Hit 37-Year Veteran Engineer Behind Xbox Backward Compatibility

Microsoft is cutting 4,800 jobs as part of a major companywide restructuring, including the Xbox division, impacting the gaming industry and veteran developers like Kevin LaChapelle.

International Business Times UK

California co-founder of $8 billion asset management firm fired for skipping his own return-to-office rule, now seeks $30 million

A co-founder of California-based Bramshill Investments, an $8 billion asset management firm, has sued after being fired for allegedly violating the company's own five-day return-to-office policy. William Nieporte claims the mandate was used to push him out of the business and is seeking at least $30 million in damages.

The Economic Times

Cardano Whales Are Buying: Is This ADA's Bottom or a Trap?

ADA price added 14,783 new non-empty wallets in the days after its June 23 bottom, per on-chain firm Santiment, then ripped roughly 24% in a week, touching $0.199 on July 5 before settling near $0.181.

International Business Times

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Microsoft layoffs: Here's the severance package employees are getting after latest job cuts

Microsoft offers up to 39 weeks of pay and continued benefits to laid-off workers. This generous package includes stock vesting and health insurance coverage for employees. The company is restructuring its workforce while investing heavily in artificial intelligence infrastructure. These layoffs primarily impact the sales and Xbox divisions of the…

The Economic Times

The 'world's most powerful AI data center' hit with massive class-action lawsuit — Wisconsin residents allege noise and extreme light pollution at $7.3 billion Microsoft mega-facility

Microsoft is hit with a lawsuit from residents alleging noise, light, and dust pollution at its new AI data center.

TechRadar

US states could sue next week to block Paramount-Warner Bros deal

Several U.S. states are preparing to sue and block Paramount's acquisition of Warner Bros. Discovery. California is leading the investigation into potential antitrust violations and harm to competition. Actors, writers, and theater owners also oppose the merger, fearing job losses and reduced consumer choice.

The Economic Times

US states could sue next week to block Paramount-Warner Bros deal, sources say

Several U.S. states are preparing to sue Paramount over its Warner Bros. Discovery acquisition. California is leading the investigation into potential competition law violations. This merger faces opposition from Hollywood actors and theater owners fearing job losses. Paramount argues the combination will help it compete for audiences and talent. A…

The Economic Times

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Jeff Bezos Says ‘We Don’t Have a Revenue Problem’ in America — Bottom Half Paying Just 3% of Taxes Means ‘We Can Find 3%’

Amazon founder Jeff Bezos says America has a spending—not a revenue—problem, arguing the bottom half of taxpayers should pay zero federal income tax and that vilifying billionaires misses the point.

Barchart

The AI Cost Crisis Isn't About Models. It's About Context.

After two years of maxxing out on AI tools, many organizations are confronting an uncomfortable reality: AI costs don't scale linearly with adoption.

International Business Times

Netflix Stock Slumps Ahead of Q2 Earnings. Staying on the Sidelines May Be the Smartest Move.

Netflix's recent share price weakness reflects concerns around moderating revenue growth, margin pressure, and a more cautious full-year outlook.

Barchart

Lucid Motors’ Woes Run Much Deeper. Saudi Money Alone Won’t Solve Them.

Lucid Motors has been battling tepid sales and missed Q2 2026 delivery estimates. While the company has the backing of Saudi Arabia's PIF, it cannot solve its sales woes.

Barchart

Property Tax Bills Are on the Rise. Here's What You Can Do

Property taxes are rising faster than inflation in many areas. There are some steps you can take.

Kiplinger

US stocks today: Dow falls 500 points after Trump says Iran deal is 'over'

U.S. stocks closed lower after Donald Trump declared the Iran deal “over,” raising fears of further conflict and pushing oil prices higher. The Dow dropped sharply while the S&P 500 slipped. Chip stocks gained on Apple’s Broadcom deal, but inflation concerns and IMF growth cuts weighed on sentiment.

The Economic Times

Tensions Keep Rising In The Strait Of Hormuz: Stocks Are Mostly Dropping As a Result

Stocks mostly dropped on Wednesday as tensions between the U.S. and Iran keep rising. Oil is soaring as well.

International Business Times

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The Independent UK

McDonald’s may be the most successful chain in the world — but it doesn’t make the most: Sales of franchises ranked

Chick-fil-A was named the most profitable restaurant franchise in the U.S. for 2026

Barchart

Nvidia Doubles Down on AI Startups With a Historic Revenue Sharing Model

Nvidia is trading compute for a cut of future cloud profits. Two firms are already testing the model, and analysts are split on what it means.

Barchart

Memory Prices Heat Finally Reaches Nvidia. Here’s How Jensen Huang Is Dealing With It.

Nvidia CEO Jensen Huang has been proactive in ensuring memory chip supply for Nvidia, but the supply crunch is catching up.

Barchart

Earnings Preview: What To Expect From CMS Energy's Report

CMS Energy is expected to announce its second-quarter earnings in the coming months, and Wall Street forecasts a single-digit decline in its profits.

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news in one place.

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The Economic Times

Federal Judge rejects Kalshi bid to block New York gambling enforcement law

In a decision on Tuesday, US District Judge Analisa Torres in Manhattan said Kalshi did not deserve a preliminary injunction, because the ‌federal Commodity ⁠Exchange Act ⁠did not supersede New York's gambling laws as applied to Kalshi's sports-event contracts.

TechRadar

Post-incident review should be set policy, not spread by ‘folklore’

In most organizations operational learning is still too informal and risky - spread by 'folklore'.

Barchart

What You Need To Know Ahead of Xcel Energy’s Earnings Release

Xcel Energy is set to report Q2 earnings soon, with analysts expecting single-digit EPS growth.

International Business Times

Trump Has Been Seeking To Bring Manufacturing Jobs To The U.S.. Now Toyota Is Investing In Texas

Toyota has announced a $3.6 billion investment in Texas, as it plans to shift production from Mexico.

International Business Times UK

Spectrum Outage Map: Total Internet Blackout Hits North Carolina's Outer Banks, Nags Head, and Ocracoke Island

A major Spectrum outage knocked out internet across North Carolina's Outer Banks, from Nags Head to Ocracoke Island, leaving remote workers and tourists offline for hours.

International Business Times

Jobs Requiring AI Skills Keep Growing Even As Hiring Slows. More Workers Now Need Them To Stay Competitive

Artificial intelligence is becoming part of more job titles across the U.S. labor market, even as hiring remains subdued.

The Economic Times

Broadcom shares jump over 2% after Apple announces $30 billion chip deal

Broadcom shares gained after Apple announced a multi-year chip supply agreement exceeding $30 billion. The deal expands US manufacturing, strengthens Broadcom’s custom silicon business through 2031 and supports Apple’s strategy to build a domestic semiconductor supply chain.

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