Industry

Microsoft Agrees to $14.4M Settlement Over Retaliation and Discrimination Claims in California

Microsoft Just Laid off an Entire DEI Team Due To ‘Changing Business Needs' - Report

It was not immediately clear how many employees were affected by Microsoft's recent layoffs. Tech giant Microsoft has quietly laid off an entire internal team focused on diversity, equity, and inclusion (DEI)---making the company the latest corporation to ditch diversity-based initiatives.


Barbie Creator Mattel's Shares at an Uptick After L Catterton Reveals Buyout Offer

French private equity firm L Catterton reportedly approached toymaker Mattel with an offer to acquire it, according to several sources quoted by Reuters.

Google Calls off Long-Awaited Plan To Eliminate Advertising Tracking Cookies

Google launched an initiative to eliminate cookies in 2020 but delayed the deadline thrice after failing to gain full support from regulators.

McDonald’s To Extend $5 Value Meal Promo for Another Month in Push To Attract Consumers

The $5 value meal includes a McChicken or McDouble, chicken nuggets, fries, and a small drink. Fast food chain McDonald's has announced it will extend its popular $5 value meal promo for another month as part of a push to attract more consumers back to its stores.


Latest News

US-ECONOMY-EMPLOYMENT
More than half of workers surveyed cited low pay as the top reason why they were likely to quit their jobs this year.
Asian Share Markets Likely to Falter Following Biden's Withdrawal from White House Race
Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November.
Microsoft Outage Affects Businesses and Users Across The Globe
The global tech outage affected about 8.5 million Windows-based computers and laptops worldwide. A global tech outage following a faulty update from Crowdstrike caused business operations around the world to stop on Friday, leading to an estimated $1 billion in damages.
Microsoft Faces Backlash Over iPhone-Only Policy That Bans China Staff from Using Android Phones
More than 2,000 flights in the US were canceled by Sunday evening following the tech outage. Hundreds to thousands of businesses worldwide are still struggling following a faulty software update that caused global tech outages on Friday.
US-LIFESTYLE-COMPUTERS-HEALTH-AUTOMOBILE
The company also said it will no longer participate in or support "external social or cultural awareness parades, festivals, or events.”
chatgpt
The new mini-model is an offshoot of GPT-4o, the company's fastest and most powerful AI model to date. Learn the features of this new model here.
Virgin Galactic, AST SpaceMobile, Rocket Lab Stocks Skyrocket — Here's Why
The S&P 500 slid 0.78% on Thursday while the Dow fell 1.29%. Read more about it here. The US stock market saw a significant slump Thursday amid speculations the Federal Reserve could cut its benchmark rates in September.
Top CEOs, Including Apple and Walmart, Skip 2024 Presidential Donations
Previous election seasons saw the S&P 500 slump and the Dow Jones Industrial Average trade below 11,000.
Netflix Q2 Earnings Call Imminent — What is Expected of Streaming Service?
Netflix is expected to report its second-quarter earnings on July 18, with everyone on Wall Street paying close attention to any of the details or information the streaming service would provide about its advertising-supported business model.
Nvidia Boss Jensen Huang Sells $31 Million Worth of Company Shares
Nvidia CEO Jensen Huang decided last week to sell over $31 million worth of the company’s stock in a move to entice investors.
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