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Microsoft to Cut 4% of Workforce as AI Spending Pressures Margins
Microsoft (MSFT, Financials) plans to eliminate nearly 4% of its global workforce, the company confirmed Wednesday, as it continues to prioritize heavy investment in artificial intelligence infrastruc...
- July 02, 2025 02:49 PM PDT
- EODHD
Google (GOOGL) Offers New EU Proposal to Avoid Antitrust Penalty
Alphabet's Google (GOOGL, Financials) has proposed a fresh set of changes to its search engine results, hoping to avoid another antitrust fine from European regulators. The move comes just ahead of a...
- July 02, 2025 02:47 PM PDT
- EODHD
California REITs Will Benefit From Relaxed Development Laws
Red tape in a strict 1970 law had impeded building in California. The new laws exempt projects from lengthy reviews. Continue Reading View Comments
- July 02, 2025 02:44 PM PDT
- EODHD
Africa's Moove Just Raised $1.2B to Take On Tesla in Self-Driving Race
Uber (NYSE:UBER)-backed Moove, the African-born ride-hailing disruptor, is reportedly closing in on a $1.2 billion debt raise to fund its boldest move yet: rolling out a U.S.-based autonomous vehicle...
- July 02, 2025 02:33 PM PDT
- EODHD
Merck's Drug Slashes PAH Risk by 76%--FDA Fast-Tracks Game-Changer
Merck (NYSE:MRK) might be sitting on a game-changer. The FDA just granted priority review to an application that could expand the label for WINREVAIRits new pulmonary arterial hypertension (PAH) drugb...
- July 02, 2025 02:30 PM PDT
- EODHD
Meta (META) Hires More OpenAI Talent as It Ramps Up AI Research
Meta Platforms (META, Financials) hired four more artificial intelligence researchers from OpenAI, The Information reported Saturday, as the tech giant continues to aggressively expand its AI capabili...
- July 02, 2025 02:27 PM PDT
- EODHD
Crude oil price forecast after the recent crash: will it rebound?
Crude oil price has been range-bound for a week now after plunging from the 6-month high it hit in mid-June. On the one hand, concerns over a significant increase in OPEC+ output, coupled with the persistent economic uncertainties, have been weighing on the asset. Even so, an output increase similar to the one approved by […]
- July 02, 2025 02:25 PM PDT
- Invezz
Alibaba's $7 Billion Power Play: Can Coupons and Cloud Save Its Future?
Alibaba (NYSE:BABA) is pulling a bold move to reignite growth in its core markets. The company just announced it will hand out 50 billion yuanroughly $6.98 billionin coupons and vouchers over the next...
- July 02, 2025 02:24 PM PDT
- EODHD
Oracle Stock Rallies On Report Of Expanded Stargate Deal With OpenAI
Oracle stock has been rallying since the tech giant said Monday it landed a $30 billion annual cloud deal. Continue Reading View Comments
- July 02, 2025 02:22 PM PDT
- EODHD
Nvidia, TSMC, And AMD Surge As Trump's Mega Chip Push Leaves Intel Behind
July 2 - Chip makers rallied on Wednesday after the Senate approved boosting investment tax credits for U.S. semiconductor facilities to 35% from 25%. Intel (NASDAQ:INTC) shares slid about 3% followin...
- July 02, 2025 02:13 PM PDT
- EODHD