Microsoft on Wednesday announced its biggest round of layoffs this year — aimed at driving efficiencies and taking advantage of new technologies. Jim Cramer is not ready to blame AI for the job cuts. The software giant said it plans to reduce its global workforce by less than 4%, which translates to about 9,000 positions….
A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023. Dado Ruvic | Reuters Stocks tied to the price of ether, better known as ETH, were higher on Wednesday, reflecting renewed enthusiasm for the crypto asset amid a surge of interest in stablecoins and tokenization. BitMine…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 was fighting into positive territory Wednesday despite an unexpected decline in payroll processing firm ADP’s monthly look at hiring at U.S. companies. The ADP…
CANNES — Robinhood stock hit the $100 mark for the first time, capping off a week of fresh all-time highs and renewed investor confidence. Shares are now tracking their best performance since April, up more than 30% since the trading app was snubbed from the S&P 500. The milestone follows a major strategic swing in…
The X logo appears on a phone, and the xAI logo is displayed on a laptop in Krakow, Poland, on April 1, 2025. (Photo by Klaudia Radecka/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Elon Musk‘s social media platform X was hit with an outage on Wednesday, leaving some users unable to load…
Microsoft CEO Satya Nadella speaks at Microsoft Build AI Day in Jakarta, Indonesia, on April 30, 2024. Adek Berry | AFP | Getty Images Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a…
Tesla Model Y electric vehicles are collected from the Tesla Gigafactory Berlin-Brandenburg by a car transporter. Patrick Pleul | Picture Alliance | Getty Images Tesla reported over 384,000 vehicle deliveries in the second quarter, a 14% decline from a year ago, and the second straight quarterly drop. The electric vehicle maker reported 443,956 deliveries during the…
One of the most popular gaming YouTubers is named Bloo, and has bright blue wavy hair and dark blue eyes. But he isn’t a human — he’s a fully virtual personality powered by artificial intelligence. “I’m here to keep my millions of viewers worldwide entertained and coming back for more,” said Bloo in an interview…
Honor launched the Honor Magic V5 on Wednesday July 2, as it looks to challenge Samsung in the foldable space. Honor Honor on Wednesday touted the slimness and battery capacity of its newly launched thin foldable phone, as it lays down a fresh challenge to market leader Samsung. The Honor Magic V5 goes will initially…
An Amazon worker on the picket line during a strike over pay at the Amazon.com Inc. fulfilment center in Coventry, U.K., on Feb. 28, 2023. Bloomberg | Bloomberg | Getty Images Amazon announced Monday its millionth worker robot, and said its entire fleet will be powered by a newly launched generative artificial intelligence model. The…
