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Xbox Game Studios Faces Further Job Cuts As Microsoft's Restructuring Continues
Microsoft's Xbox division is preparing for further job cuts to align with ongoing restructuring efforts to optimize its gaming subsidiaries following massive acquisitions and cost-cutting initiatives.
Biden Admin's Anti-Credit Card Junk Fee Regulation Could Face Last-Minute Freeze, Here's Why
The Biden Admin's anti-credit card junk fee regulation could be frozen at the last minute. Will USCOC's request be accepted?
US Unemployment Claims Rise as Layoffs Increase, Indicating Weak Labor Market
Initial jobless claims in the US have surged to their highest level since August 2023, indicating potential challenges in the strong labor market. Employers are increasing layoffs despite recent positive hiring trends.
Roblox Shares Dip Sharply Due to Lower Spending and Intensifying Competition
Roblox's second-quarter bookings fell short, with shares dropping nearly 20% and revenue missing expectations at $780.7 million compared to the anticipated $784.9 million.