This is Guru Focus First Look, your morning market brief for Wednesday, July 8th. Here are the stories driving markets today. Oil prices surged more than 6% overnight as US military strikes against Iran disrupted a recent ceasefire, pushing Brent crude above $78 per barrel.The escalation in Middle East tensions sent global equity markets lower with energy and defense stocks seeing heightened volatility. The spike in oil prices raised concerns about inflation and supply chain disruptions across multiple sect ...

🚨 LATEST: Microsoft is starting to replace OpenAI and Anthropic with its own MAI models in products like Excel and Outlook as it looks to cut AI costs. https://t.co/1nTck9avRl ...

Microsoft's Xbox spent nearly $80 billion in the last decade on deals that would give it popular video game titles, betting that gamers would flock to its Netflix-like subscription service.But what started as an attempt to boost Xbox's last-place position among console makers, ended in a glut of overspending. Read more: https://t.co/Bu41AJdRfe📷️: Patrick T. Fallon/Bloomberg ...

Microsoft's Xbox spent nearly $80 billion in the last decade on deals that would give it popular video game titles, betting that gamers would flock to its Netflix-like subscription service offering hundreds of options for endless play https://t.co/9lhkZBs2kQ ...

This is the man behind a fund that's become a global force [music] in deal making. Yet, it works to stay below the radar with its name rarely mentioned in public. Here's what you need to know about AC Limited, [music] the family office of Abu Dhabi's ruler and the president of the United Arab Emirates, >> [music] >> Sheikh Mohammed bin Zayed Al Nahyan.It's built positions in mega cap [music] stocks like Amazon, Microsoft, and Nvidia. These investments offer a window into why Wall Street titans have continue ...

This is Guru Focus Market Today, your afternoon market brief for Tuesday, July 7. Here's where things stand. AI stocks led global markets lower as major US indices, including the Dow, S&P 500, and NASDAQ, retreated from record highs.Semiconductor and AI linked stocks such as Micron, Samsung, KLA, Broadcom and AM fell sharply while oil prices surged in response to renewed tensions in the straight of Hormuz. The session saw a marked rotation out of technology and into energy with investors weighing inflation ...

Microsoft announced yesterday that it's laying off 4,800 employees and more than 30% of those are in the Xbox division. Microsoft is also spinning off four of its game studios and there are apparently even more cuts still to come. At the same time as making all of these huge cuts, Xbox's CEO Asha Sharma is also trying to argue that the Xbox's brightest days are still coming.She wrote that I want Xbox to be one of the few companies that entertains more than a billion people each day and gives everyone the op ...

Microsoft Corp.’s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Xbox will also divest four of its video-game development studios and is beginning the process to part ways with a fifth. “Our business today is not healthy,” Chief Executive Officer Asha Sharma wrote in a note to staff Monday morning, adding that Xbox is operating at margins three to 10 times lower than comparable businesse ...

Microsoft joins AI cost-cutting trend by relying more on its own models https://t.co/L572yaYvUc ...

Again, I just wanna acknowledge it's kind of noisy out there today, right, particularly post Samsung. But you've taken a look at the mag seven, and then you're looking at how the market's treating the mag seven relative to everything else. What's the reporting.Yeah. Good morning. Thanks for having me.So the mag seven have become something of an afterthought within the market following years where they were really the primary leaders. Like you said, the nature of the AI trade has really been evolving, and we ...