Microsoft Cuts 4,800 Jobs as Xbox Downsizes and Plans to Spin Off Four Gaming Studios

Microsoft is cutting 4,800 jobs across its commercial business and Xbox gaming group as the company moves to shrink the Xbox unit and spin off four gaming studios. The announcement comes as Xbox revenue has been declining.

By Owen GallagherJuly 7, 20262 min readMSFTGOOGL

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MarketsAugust 19, 2026

Nvidia starts H200 deliveries to China while Iran escalation keeps traders on watch

NEW YORK, Aug 19. Nvidia has begun shipping its H200 artificial intelligence chips to the Chinese market, the company reported, as market participants track geopolitical risks rising from an escalation in Iran

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MarketsAugust 12, 2026

OpenAI and AWS expand deal to bring Daybreak cyber models to Amazon Bedrock

SEATTLE, Aug. 12. OpenAI and Amazon Web Services have agreed to expand their partnership to include frontier cyber models, the companies said. Under the terms, OpenAI will make its Daybreak models available through the Amazon Bedrock…

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MarketsAugust 12, 2026

H&R Block sets fiscal 2027 revenue guidance between $4.11 billion and $4.16 billion

KANSAS CITY, Aug. 12. Revenue of $4.11 billion to $4.16 billion and adjusted earnings per share of $6.04 to $6.24 for fiscal 2027. H&R Block (XYZ) issued those targets in guidance the company disclosed, alongside a plan to expand its…

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