Alphabet Suffers Its Worst-Ever Trading Day, Losing About $500 Billion in Market Value
The New York stock market closed lower on Thursday. Google owner Alphabet had its worst trading day ever, losing about $500 billion in market value.
Business
Microsoft seeks to raise at least $25 billion through bond sales to fund AI investments
Software and cloud services giant Microsoft is taking on rivals in the AI race and, for the first time in nine years, is raising money through a series of large bond issues, Bloomberg reports. The company aims to raise at least $25 billion (approximately SEK 248 billion), according to sources cited by the news agency.
Business
Wall Street Gains for Third Straight Day as S&P 500 and Nasdaq Rise 0.3%
The positive trend on Wall Street continues. At the close, all the leading indexes were higher.
Business
Microsoft Offers Voluntary Severance Packages to 60,000 Employees in Four Countries
Technology giant Microsoft has offered voluntary severance packages to 60,000 employees, representing just over a quarter of its workforce.
Business
Next Xbox Console Expected to Launch for the 2028 Holiday Season, Report Says
The next generation of the Xbox game console is expected to hit shelves in time for the 2028 holiday shopping season. It could cost a pretty penny, Fortune writes.
Business
House House Boycotts Xbox Over Microsoft’s Ties to Israel, Withholding Big Walk From the Platform
Indie game company House House has decided not to release its upcoming game “Big Walk” for Xbox, in solidarity with a Palestinian-led boycott of Microsoft, according to NME.
Entertainment
Wall Street Rebounds to Close Higher After Turbulent Week as Oil Prices Top $104
Wall Street stocks recovered on Friday to close higher, following a turbulent week marked by concerns about rising interest rates and oil prices.
Business
Trump and AI leaders agree on self-regulation at White House meeting
US President Donald Trump hosted a meeting with leading figures in the US tech industry at the White House on Tuesday. The topic on the table was the future of AI development and growing demands for regulation.
Business
Bill Gates warns AI could be powerful enough to cause a billion deaths
Bill Gates is the latest tech figure to warn about the development of AI. AI is powerful enough to drive events that could lead to a billion deaths, the Microsoft founder tells NBC.
Business
Halo development moved to Call of Duty maker Activision in Microsoft restructuring
Xbox's major restructuring continues, affecting several studios.
Entertainment
Oil and interest rates jump as Wall Street falls sharply
When the price of oil and market interest rates rise, stock prices on Wall Street tend to fall. That old truth also held true on Tuesday.
Business
Fed Governor Kevin Warsh talks down Wall Street as stocks end lower
A week of subdued stock market sentiment ended on a more pessimistic note on Wall Street. Federal Reserve Governor Kevin Warsh talked down stock prices.
Business
Huawei bids for major AI data center deal in Egypt, report says
Tech giant Huawei Technologies - Nvidia’s biggest Chinese competitor - has offered to build a new large AI data center in Egypt, as the Trump administration tries to get American companies to come up with a better offer.
Business
Court ruling lets GTA VI developer seek leak source from Microsoft and Discord
The developer behind "Grand Theft Auto VI" is getting the right to hunt for those behind leaks ahead of the highly anticipated game's upcoming launch.
Entertainment
Boeing surges after FAA clears 737 Max 7 as Wall Street rises broadly
The rise was broad-based on the US stock market on Monday, with tech giants leading the way. Boeing also surged - after the 737 Max 7 model was given the green light by the US aviation authority FAA.
Business
Amazon tops $3 trillion in market value for the first time
Tech giant Amazon has surpassed $3 trillion in market capitalization for the first time, becoming the fifth company ever to reach the milestone.
Business
EU AI Act takes effect, but fines for many companies are delayed until 2027
It will now be easier to know if you are interacting with AI-generated material. But for many large companies, it will be months before they face the risk of fines.
World
AI stocks are reshaping global funds, expert says diversify into Europe and Sweden
Global tech giants and AI companies are taking up an increasingly large share of Swedes' favorite savings fund - the global fund. That increases the risk in household savings. Add funds with exposure to Sweden and Europe, where we have more banks and classic industry, advises Maria Landeborn, savings economist at Danske Bank.
Business
South Korean stocks surge as AI chip giants Samsung and Hynix rebound
The turbulence on the Seoul Stock Exchange continues. The trading week ended with a historic 18 percent gain. Never before has the Kospi index risen so much in one day, led by chip giants Hynix and Samsung.
Business
Wall Street rallies as Microsoft posts historic stock surge
After the AI frenzy earlier this week, the New York stock markets turned upward. The big winner was Microsoft, which posted a historic gain.
Business
Microsoft beats expectations as Azure cloud revenue jumps 43%
Microsoft exceeded market expectations when the tech giant released its quarterly report.
Business