Microsoft confirms more job cuts on top of 10,000 layoffs announced in January
Economy

Microsoft confirms more job cuts on top of 10,000 layoffs announced in January

Microsoft CEO Satya Nadella arrives at court in San Francisco, June 28, 2023.Philip Pacheco | Bloomberg | Getty ImagesMicrosoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year.The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker also… […]

Jim Cramer says investors should focus less on how China affects American stocks
Economy

Jim Cramer says investors should focus less on how China affects American stocks

CNBC’s Jim Cramer on Monday advised investors to think less about how China affects American stocks.”No matter how disappointing the growth numbers we see out of the Chinese economy — and they are plenty disappointing — people keep wanting to buy American stocks that are seen as having major Chinese exposure,” Cramer said. “American investors… […]

How PGA Tour officials defended their Saudi golf deal to Congress
Politics

How PGA Tour officials defended their Saudi golf deal to Congress

“What happened that led the PGA Tour to change its position? Was it only the hope of ending litigation?” Sen. Richard Blumenthal (D-Conn.) asked at the start of the hearing. “There is something that stinks about this path that you’re on right now because it is a surrender. And it is all about the money… […]

Central banks in Asia could soon diverge from the Fed, Nomura says
Economy

Central banks in Asia could soon diverge from the Fed, Nomura says

A food stall in Gwangjang Market in Seoul as South Korea’s central bank is seen to be among the first in the region to cut its benchmark interest rate.Francois Lochon | Gamma-rapho | Getty ImagesCentral banks in Asia could start cutting rates earlier than the Federal Reserve, economists at Nomura predicted.A dovish pivot from major… […]

Sam Brown launches Senate run in Nevada
Politics

Sam Brown launches Senate run in Nevada

Next Video Tuberville on military promotions block: ‘I’m not changing my mind’ Browse Videos Watch Video ‘More than golf’: PGA Tour officials defend Saudi deal to Senate Watch Video McConnell: Biden made ‘right call’ on cluster munitions to Ukraine Watch Video Georgia grand jury to hear Trump 2020 election case sworn in Watch Video Politicians… […]

Acting Labor Secretary Julie Su: ‘I remain hopeful for confirmation’
Politics

Acting Labor Secretary Julie Su: ‘I remain hopeful for confirmation’

Acting Labor Secretary Julie Su voiced confidence Friday that she will eventually be confirmed by the Senate, even as multiple key senators have not yet announced whether they will support her nomination. “I remain hopeful for confirmation,” Su said in an appearance on CNN Friday morning. “I’m grateful for the support of many, many senators,… […]

McCarthy declines to endorse Trump — looking to avoid a GOP civil war
Politics

McCarthy declines to endorse Trump — looking to avoid a GOP civil war

Some Republicans already view McCarthy as a Trump backer in all but name. Pro-Trump Rep. Dan Meuser (R-Pa.) suggested that the speaker is subtly clearing a path for his members to rally behind the former president by the end of the primary. Meuser summed up McCarthy’s 2024 message to House Republicans this way: “‘Hey, you’re… […]

Edwards, Wolves agree on five-year rookie max
Sports

Edwards, Wolves agree on five-year rookie max

playLowe: Anthony Edwards is going to be a ‘super-duper star’ (1: 23)Zach Lowe explains why Anthony Edwards’ contract extension makes him the focal point of the Minnesota Timberwolves. (1: 23)Adrian Wojnarowski, Senior NBA InsiderJul 3, 2023, 12: 32 PM ETCloseHost of The Woj Pod Joined ESPN in 2017Minnesota Timberwolves All-Star guard Anthony Edwards has agreed… […]

Indiana Jones’ box office destiny? A lukewarm $60 million debut in North America
World

Indiana Jones’ box office destiny? A lukewarm $60 million debut in North America

By LINDSEY BAHR Published [hour]: [minute] [AMPM] [timezone], [monthFull] [day], [year]   Indiana Jones, and executives at the Walt Disney Co. and Lucasfilm, made a somewhat dispiriting discovery this weekend. Moviegoers didn’t rush to the theater in significant numbers to see “ Indiana Jones and the Dial of Destiny” and say goodbye to Harrison Ford as… […]