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Microsoft cuts 4,800 jobs, as Xbox unit downsizes and plans to spin off four gaming studios

By todaytrendnews7July 6, 2026

Microsoft is eliminating 4,800 jobs, representing 2.1% of its workforce, with the company’s Xbox division losing about one-fifth of its staff in the software giant’s latest effort to cut costs in the era of artificial intelligence

Tech stocks on track for record annual inflows as investors pile into the AI trade

By todaytrendnews7July 6, 2026

If investors are getting nervous about how fast tech stocks have risen this year, they aren’t really showing it

Nasdaq jumps to start new week led by chip stocks, Dow briefly tops 53,000 for first time: Live updates

By todaytrendnews7July 6, 2026

Traders work on the floor of the New York Stock Exchange during morning trading on July 01, 2026 in New York City. Michael M. Santiago | Getty Images

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