Over 30,000 Boeing workers plan to strike after rejecting a new labor contract.The strike would halt most of Boeing's production in Washington and Oregon.The rejected contract included a 25% wage increase and a new plane program in Seattle. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're ...

Microsoft is laying off 650 employees in its Xbox games division, Bloomberg reported.The job cuts mostly affect corporate and support functions, per a memo from Phil Spencer.It follows previous layoffs and studio closures after Microsoft's $69 billion Activision deal completed. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topic ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs Google faces down the first week of its landmark US antitrust trial over its alleged digital ad market m ...

Company Overview - OpenAI is reportedly raising funds at a valuation of $150 billion, surpassing the market capitalization of over 88% of Fortune 500 firms, including Goldman Sachs, Uber, and BlackRock [1] - The startup is in discussions to raise $6.5 billion from various investors, with an additional $5 billion in debt also being sought [2] Valuation and Funding - The new valuation represents a significant increase from OpenAI's previous valuation of $86 billion, which was established when employees began selling stakes in February [2] - The funding round will be led by Thrive Capital, a venture firm known for early investments in companies like Instagram and Stripe [2] Strategic Partnerships - Microsoft, a partner since 2019, along with Apple and Nvidia, are also considering investments in OpenAI [2] Financial Utilization - The funds raised will be allocated towards computing power and other operational costs, as indicated in a memo from OpenAI's CFO [3] - OpenAI plans to allow employees to sell some of their shares in a tender offer later this year, providing liquidity for employees in a private company setting [3] Market Position - OpenAI is recognized as a leader in the AI sector, competing against well-funded rivals [2] - The company joins a select group of private firms valued significantly higher than most publicly traded companies, such as SpaceX and ByteDance [4]

Europe's top court has upheld a €2.4 billion antitrust fine against Google.The 2017 decision found Google used its search-engine dominance to favor its own services.It's the latest in a series of clashes between Alphabet and international regulators. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed whi ...

The EU's top court ruled Apple must pay over €13 billion in back taxes.The European Court of Justice's decision ends a decadelong legal battle with the tech giant.EU competition chief Margrethe Vestager argued Apple received unfair tax breaks from Ireland. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized fe ...

The Department of Justice's latest antitrust case against Google opened Monday.The DOJ accuses the tech giant of building an illegal monopoly of the digital advertising market.In a blog post ahead of the trial, Google said the DOJ's "narrow view" of the market is not based on reality. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorit ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing's new CEO chalked up another win with Sunday's te ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing on Sunday agreed to a historic labor agreement wi ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewHappy Friday! Hate to start your weekend off with some b ...