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X @Bloomberg
Bloomberg· 2026-07-07 15:00
TODAY: Is Microsoft rethinking Xbox? Join video-game industry reporter Jason Schreier in an interactive Live Q&A conversation with @EdLudlow at 1 p.m. EDT. Bring your questions and join here: https://t.co/EAUh5pQcQ3 https://t.co/qqFDeCfhZy ...
First Look: Top Moves in AI, M&A, and Global Industry Leaders
GuruFocus· 2026-07-07 11:59
This is Guru Focus first look, your morning market brief for Tuesday, July 7. Here are the stories driving markets today. Microsoft announced plans to lay off 4,800 employees with about 2/3 of the cuts impacting its Xbox division.The company will also divest five studios as it seeks to streamline gaming operations and control costs. This restructuring is part of a broader effort by Microsoft to optimize its gaming business amid shifting industry dynamics. Turning now to global markets, futures for the NASDA ...
Hallie Jackson NOW - July 6 | NBC News NOW
NBC News· 2026-07-07 00:32
Political and Regulatory Developments - President Trump intervened in a FIFA disciplinary decision regarding a U.S. men's soccer player, leading to the reversal of a red card suspension [6][7][16] - The Democratic Senate candidate in Maine, Graham Platner, is facing calls to withdraw from the race following new sexual assault allegations [43][44][197] - Maine state law allows for a candidate to drop out by July 13th, with the state party permitted to select a replacement by July 27th [56][57] - President Trump is scheduled to attend the NATO summit in Turkey to discuss the Russia-Ukraine conflict and meet with President Zelenskyy [72][74][81] Economic and Corporate Updates - Microsoft announced a workforce reduction of nearly 5,000 jobs, representing approximately 2% of its global staff, with significant impacts on the Xbox and gaming divisions [93][110] - The "Trump Accounts" initiative launched, providing $1,000 in government-funded seed money for children born between 2025 and 2028, with over 6 million children already enrolled [123][124] - BNY and Robinhood secured the government contract to manage the Trump Accounts, which allow for annual contributions of up to $5,000 [124][125] - A feature film titled "Misaligned" is being developed featuring an AI-generated actress, Tilly Norwood, sparking controversy within the entertainment industry regarding labor displacement [112][113] Infrastructure and Environmental Impact - Severe storms in New Jersey caused a grocery store roof collapse and widespread power outages affecting hundreds of thousands of residents [25][30][169] - Travel disruptions occurred across major U.S. hubs, with over 50,000 flights recorded during the July 4th holiday weekend, the busiest in 15 years [40][186]
9 Best Stocks To Buy In July
Today on the Joseph Carlson show, we're going to be going over nine stocks to buy in July. With the market racing up, led by semiconductor stocks. You know the drill.It's the same group of companies going up every single day. These are the Micron Technologies, the ASMLs, the companies that have been leading this market in 2026. But I have a group of nine stocks that I believe have been left behind.These are all extremely high-quality companies and they're now trading at attractive valuations. and I'll be la ...
Microsoft’s Xbox to Cut 3,200 Jobs, Divest Studios in Overhaul
Bloomberg Television· 2026-07-06 20:07
Pretty much across the industry of technology. You see companies trying to rethink where they're spending money. A lot of this is fueled because they're spending so much on AI and building our data centers and infrastructures, that they're taking a closer look across all divisions.So today, Xbox is the one that we see really kind of getting that hammer. They laid out a plan to cut about 20% of staff over the next year. Um, and broader at Microsoft, it's a plan to cut about 6400 people.Um, again, just kind o ...
Trump Headed to NATO Summit | Balance of Power 7/6/2026
Bloomberg Television· 2026-07-06 19:42
Live from Washington, D. C. this is Balance of Power with Joe, Matthew and Kailey Lines.The Trump accounts are live. Welcome to the Monday Edition. As the new investment vehicle for children launches into the markets with $800 million in new capital being invested into the markets today, I'm Joe Matthew alongside Kailey Leinz in Washington.Thanks for joining us Kailey. It's a big day for the president. Yeah.He actually rang the opening bells sort of from the Oval Office this morning. It will end his day on ...
Apple, Broadcom Expand Custom Chip Partnership | Bloomberg Tech 7/06/2026
Bloomberg Technology· 2026-07-06 18:29
>> "BLOOMBERG TECH" IS LIVE FROM THE HEART OF SILICON VALLEY, WITH ED LUDLOW IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH. " APPLE BETS BIG ON BROADCOM FOR THE FUTURE, EXTENDING ITS CUSTOM TO PARTNERSHIP THROUGH 2031. MICROSOFT EYES A MASSIVE REORGANIZATION OF THE XBOX UNIT WITH PLANS TO ELIMINATE 20% OF ITS STAFF. AND SK HYNIX U.S. LISTING. FROM NEW YORK CITY, WELCOME TO "BLOOMBERG TECH. " THIS IS WHAT MARKETS LOOK LIKE. SEMICONDUCTORS HIGHER AS INVESTORS RETURN TO THE AI TRADE AFTER LAST WEEK'S SELLOFF, ...
Who Wins The AI Superapp Battle?, Apple’s Consumer AI Victory, World Cup Automation Mistake
Alex Kantrowitz· 2026-07-06 17:50
M.G. Siegler is the author of Spyglass.org. Siegler joins Big Technology to discuss the race to build the AI super app and which companies are best positioned to win. Tune in to hear why OpenAI, Anthropic, Google, Microsoft, Meta, and Apple are all converging on the same idea: an AI interface that can handle more and more of your computing life. We also cover Apple’s new Siri, whether consumer AI will be won by default on the iPhone, and what World Cup automation says about our growing reliance on machines. ...
X @Bloomberg
Bloomberg· 2026-07-06 17:35
Is Microsoft rethinking Xbox? Join video-game industry reporter Jason Schreier in an interactive Live Q&A conversation with @EdLudlow on Tuesday at 1 p.m. EDT. Bring your questions and join here: https://t.co/EAUh5pQcQ3 https://t.co/89rW4cacfm ...
X @Forbes
Forbes· 2026-07-06 17:01
James Dumoulin (@tvmjames) has built an audience by asking one simple question: What financial lessons did you learn the hard way?The cofounder and face of The School of Hard Knockz reaches millions with content promoting financial literacy, alongside brand partners including Burger King, Microsoft Copilot and Celsius.Explore the full #ForbesTopCreators 2026 list: https://t.co/CzD26jfPM1📸: Amanda Edwards via Getty Images ...