Xbox takes the biggest hit with 3,200 layoffs planned as Microsoft restructures around artificial intelligence, joining a wave of tech companies cutting workers while boosting AI spending.
The ISM Services PMI fell to 54 percent in June, marking 24 months of expansion but signaling that America's economic engine may be losing steam as the Fed holds rates high.
Kansas City achieved something exceedingly rare in baseball, scoring at least one run in all nine innings while tagging Phillies ace Cristopher Sánchez for a career-worst outing.
Alex Karp delivers blistering critique of OpenAI, Anthropic business models, calls token-based pricing 'effing insane' and warns enterprises are losing their competitive edge to AI labs.
American and Chinese negotiators agree to pursue 90-day extension following 'constructive' Stockholm meetings, potentially clearing path for Trump-Xi summit in October.
Los Angeles moves at warp speed to surround Dončić and Reaves with championship-caliber talent, executing Walker Kessler sign-and-trade and shipping Ayton to Washington in flurry of post-LeBron transactions.
Microsoft unveils a new AI deployment division that will place 6,000 engineers directly in customer offices, signaling a major shift from traditional software sales.
Federal Reserve official Beth Hammack describes AI infrastructure demand as 'insatiable' and warns that continued spending pressure could force interest rate increases.
Minnesota has ramped up direct communication with LeBron's camp, making an aggressive pitch for the 41-year-old to join Anthony Edwards and LaMelo Ball in pursuit of a fifth ring.
Meta is developing a cloud infrastructure business to sell AI computing power, setting up competition with Amazon, Microsoft, and Google. The move could transform the company beyond its advertising roots.
The June jobs report revealed the labor force participation rate has plunged to 61.5%—the lowest in 50 years outside of COVID. Nearly 5 million Americans have left the workforce in the past year alone.
At 42, LeBron James faces the most consequential free agency of his career. Six teams—including the Cavaliers, Warriors, and Heat—are vying for his services as he seeks one final championship.