President Donald Trump spoke about Taiwan after a two-day visit to China, where he said he discussed Iran, and trade deals with Chinese President Xi Jingping.
Microsoft is eliminating 4,800 jobs, 2.1% of its workforce, with the Xbox division losing 20% of its staff, or 3,200 roles, by fiscal year 2027. These cuts are part of cost-reduction efforts amid investor concerns about AI and lagging revenue in areas like Windows and Xbox.
Jim Cramer's Charitable Trust plans to buy 120 shares of Intel (INTC) at approximately $124 each, increasing its portfolio weighting to 2.7%. This move follows a 14% drop in Intel shares last week, with Cramer's team remaining bullish on long-term demand and the foundry business.
AI company Anthropic has signed a 20-year lease for a 400-megawatt data center in Hawesville, Kentucky, operated by TeraWulf. The deal is expected to generate $19 billion in revenue and boost TeraWulf's stock, which has already risen over 80% this year.
Versant Media Group, owner of CNBC and Golf Channel, will acquire golf simulation company Full Swing for $530 million. This move aligns with Versant's strategy to invest in non-traditional media businesses and expand its golf portfolio, which already includes GolfPass and GolfNow.
EasyJet shares surged 10.5% after agreeing in principle to a £5.5 billion takeover bid from U.S. private equity firm Castlelake. The improved offer comes after EasyJet rejected a previous proposal, amidst global aviation sector stress due to rising jet fuel costs.
US travelers are increasingly opting for international travel during the offseason to avoid heat, crowds, and high prices. Airlines are responding by extending flight seasons to European destinations, recognizing the demand for premium seats and higher spending potential from these travelers.
