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Finance News — Page 108
Microsoft cuts 4,800 jobs, as Xbox unit downsizes and plans to spin off four gaming studios
Microsoft is eliminating 4,800 jobs effective Monday — with Xbox absorbing 3,200 of those cuts — while spinning off four gaming studios, as the stock sits 19% below its 2026 starting price.
Trump Plugs Dell at White House Bell, Stock Soars 7%
President Trump rang the NYSE and Nasdaq opening bell from the Oval Office on Monday in a first-of-its-kind ceremony to mark the launch of 'Trump Accounts,' using the occasion to publicly pitch Dell c
Klarna Applies for U.S. Bank Charter in Utah
Swedish fintech Klarna has applied to federal and state regulators to establish Klarna Bank USA, a Utah-chartered, FDIC-backed institution that would let it operate as a full-fledged bank rather than
Canada’s services economy contracts in June, hitting four-month low
Canada's services sector contracted sharply in June as geopolitical worries and elevated prices weighed on demand, with S&P Global's Business Activity Index falling to 47.1 from 50.6 — its weakest rea
Tech Rebound Lifts Nasdaq 0.8%, Foxconn Sales Beat
US stocks rose Monday as tech-sector pressure eased, with Foxconn's better-than-expected quarterly sales reinforcing AI demand confidence ahead of Samsung's Tuesday results and the Fed's first minutes
Saudi Aramco Cuts Arab Light $11, Biggest Since 2000
Saudi Aramco will cut its flagship Arab Light crude price for Asian buyers by $11 a barrel—the largest monthly reduction since at least 2000—selling at a discount to the regional benchmark for the fir
We're buying more shares of Jim Cramer's new favorite chip stock
Jim Cramer's Charitable Trust is adding 120 shares of Intel at roughly $124 each at the open, brushing off Meta-driven fears that the AI capex cycle is peaking and pointing to Intel's CPU price hikes
Trump Rings NYSE Bell to Push Trump Accounts
President Trump rang the NYSE and Nasdaq opening bells from the Oval Office to promote Trump Accounts, a government-seeded investment vehicle for children, as his economic approval sinks to 33% amid 4
TeraWulf shares soar after Anthropic leases data center in Kentucky
Anthropic signed a 20-year lease for a 400-megawatt TeraWulf data center in Kentucky, sending TeraWulf shares up more than 16% premarket and validating the former crypto miner's AI infrastructure pivo
Sberbank to launch crypto wallet by December
Sberbank, Russia's largest bank, will roll out a cryptocurrency wallet and digital depository by December once new digital asset legislation takes effect September 1, a sharp reversal from the central
Trump rings Wall Street’s opening bells as he ties his presidency to stock market gains
President Trump rang Wall Street's opening bells from the Oval Office to celebrate market records and promote 'Trump Accounts' for children's stock investments, even as 4.2% inflation and 33% approval
Samsung Union Chief Choi Battles $26B Bonus Gap Rift
Bloomberg profiles Samsung union leader Choi Seung-ho, who secured a roughly $26 billion bonus package for chip workers and now faces an internal rift over how those bonuses are distributed.
Trump Made $1B in Crypto While Investors Lost Billions
Trump earned more than $1 billion in crypto profits while most investors in his coin lost money, a disparity Maryland Governor Wes Moore called 'fundamentally wrong.'
$60.4K Becomes 'most important area:' Five things to know in Bitcoin this week
Bitcoin enters the second week of June near two-week highs after closing at $63,960, but traders warn the $60,400–$60,900 zone must hold to prevent a return to recent lows.
UK Funding Rules Target Reform UK's Crypto Backers
UK election funding rules unveiled Monday extend a foreign-donor crackdown, squeezing Reform UK's crypto billionaire backers Christopher Harborne and Ben Delo ahead of their planned UK relocations.
Gold drops 30%, silver plunges 54% — but history shows 2026 correction isn’t the deepest yet
A July 2026 DSP Netra report finds that gold's 30% correction from $5,602 and silver's 54% drop from $121.6 — both since their January 2026 peaks — remain milder than historical drawdowns like the 71%
Samsung Earnings: 18x Profit Surge on AI Memory Demand
Samsung's upcoming earnings report is the focal point for chip investors, with the company expected to post an 18-fold profit surge driven by AI-fueled memory chip demand, a result bulls hope will cal
Yen Near 40-Year Low as Tokyo Shifts Intervention Tactics
The Japanese yen hovered near four-decade lows against the dollar on Monday as traders stayed wary of potential intervention, with Tokyo appearing to shift away from telegraphing its moves toward stea
988K Lost $3.8B on Trump Memecoin; He Made $636M
Nearly 1 million wallets have lost a combined $3.8 billion on President Trump's $TRUMP memecoin, per blockchain analytics firm Nansen, while Trump personally disclosed earning $636 million from the sa
BofA Warns S&P 500 'Snapback' as Speculation Peaks
BofA warned the S&P 500 faces a 5% 'snapback' as 'speculation is hitting extreme levels,' reaffirming a year-end target of 7,100 that would erase most of the index's 9% gain so far in 2026.
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