Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported. The layoffs will impact teams including Azure for Operators and Mission Engineering, according to the report. https://yhoo.it/3yOnbrd
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Nvidia stock (NVDA) ripped higher Monday after CEO Jensen Huang revealed details about the company's next AI chip platform during his keynote at the Computex conference in Taipei, Taiwan. The new platform, called Rubin, is the successor to Nvidia's Blackwell platform, which it unveiled in March. https://yhoo.it/3RcVcI6
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US stocks closed mixed on Monday to kick off a volatile first trading day of June. Here's a look at what stocks finished the first day at new record highs. https://yhoo.it/4c2e3O3
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Tesla is recalling more than 125,000 vehicles to fix a seat belt warning system that may increase the risk of an injury in a collision. https://yhoo.it/4aJUUiU
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Costco posted another bulk-sized quarter as consumers look for wallet-friendly prices on everyday essentials. Membership fees, a key revenue stream, came in line with estimates at $1.12 billion, a 7.6% increase compared to a year ago. https://yhoo.it/3RyRngH
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For many people, retiring early is the best decision they ever made. For many others, continuing to work is the engine that keeps them going and gives them purpose. Kerry Hannon's recent column on the big shift in how people think about their later years sparked a spirited debate. She called out new data from the Federal Reserve Bank of New York showing that most Americans don’t expect to work beyond their early 60s. The number of workers who plan to work full time beyond age 62 dropped to 46%, down from 55% four years ago. Only 31% of workers expect to work beyond 67, down from 36% in 2020. Read more: https://lnkd.in/eBZHFwEx #yahoofinance #finance #work #money #retirement
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Yahoo Finance reposted this
Excited to share our latest episode of NEXT Yahoo Finance This is one I've been thinking about for some time - and it's certainly timely, after the Biden administration unveiled a framework last week for voluntary carbon offsets. Carbon removal is seen as increasingly critical to companies reaching their net-zero goals, but it hasn't been without controversy. It's long been considered a diversion for the critical work of cutting emissions and the quality of offsets have raised questions about its real impact to cutting climate change. A new wave of startups are trying to change that, with significant backing from Big Tech. Team effort with Luke Brooks Gavin Mevius Rob Thomas. Many thanks to Lithos Carbon and Boston Consulting Group (BCG)
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Yahoo Finance reposted this
📈 Spotify stock rose as much as 4% in early trading on Monday after the streaming giant announced another round of price hikes for its US subscription plans. 💸 Prices will rise between $1 to $3 beginning in July, the company confirmed in a blog post. 🎧 Spotify boosted the cost of certain subscription plans last summer. It previously hinted at plans to raise prices after last year's various price hikes "had minimal impacts on growth." Check out the full story on Yahoo Finance ⤵ #spotify #music #audio #streaming #money #pricehikes #business
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GameStop stock rose as much as 75% in premarket trading on Monday after user "DeepF***ingValue" on Reddit, an account believed to be tied to individual investor Keith Gill — who ignited the meme stock rally back in 2021 — posted a screenshot on Reddit late Sunday that purported to show they'd built a nearly $175 million position in the video game retailer. https://yhoo.it/456t8f0
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US stocks wrapped the last trading day in May on a high note, notching the sixth positive month in the last seven for all three major indexes. The major indexes all broke records for the month. The S&P and Nasdaq posted their best May performances since 2003. And the Dow saw its best May since 2020. https://yhoo.it/3X0yYga