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Toyota is investing $3.6 billion to move Tacoma midsize pickup truck production from Mexico to its San Antonio, Texas plant. This move is expected to create 2,000 U.S. jobs and significantly expand the facility's capacity.
Microsoft is eliminating approximately 4,800 roles, representing 2.1% of its global workforce, in a move attributed to AI advancements. This adds to a broader trend of significant tech layoffs in 2026, with companies citing AI as a driver for both growth and workforce reductions.
Compulsion Games is returning to independent management after its time with Xbox. The studio will retain the rights to its games: Contrast, We Happy Few, and South of Midnight. They expressed gratitude for their years with Xbox and excitement for the future.
Apple has reinstated card payments for Apple Account purchases in India, over four years after suspending the option. This move adapts to India's digital payment regulations, allowing users to use Visa and Mastercard for subscriptions and App Store purchases.
AI stocks led a rebound on Wall Street, sending the S&P 500 and Nasdaq higher, despite a majority of stocks falling. Broadcom, Micron, and AMD saw significant gains. Oil prices drifted after OPEC+ announced production increases, while global markets showed mixed performance.
Microsoft's Xbox division is undergoing a significant "reset" with 3,200 layoffs and the divestment of five acquired studios. New CEO Asha Sharma cited a need to "simplify" the bloated division and refocus on "industry-defining franchises" after years of underperforming investments in smaller studios and Game Pass.
