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S&P 500, Nasdaq end flat in holiday-thin trade, Meta gains on deal
NEW YORK, Dec 30 (Reuters) – The S&P 500 and the Nasdaq closed little changed in choppy trading on Tuesday, as gains in communication services stocks were offset by declines in technology and financial stocks, with financials also weighing on the Dow. Communication services shares were among the biggest gainers on the S&P 500, fueled […]
SoftBank completes $40B OpenAI investment
Dec 30 (Reuters) – SoftBank Group has completed its $40 billion investment in OpenAI, a source familiar with the matter said on Tuesday, marking one of the largest private funding rounds ever and deepening founder Masayoshi Son’s bet on AI. SoftBank has been building one of the largest private technology investment programs in the world, […]
Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
Amazon will cut about 14,000 corporate jobs as it reduces bureaucracy and boosts investment in artificial intelligence.
Microsoft to lay off about 3% of its workforce
Microsoft cuts nearly 6,000 jobs—about 3% of its workforce—in its largest layoff since 2023, impacting LinkedIn, Xbox, and management roles.
