Xbox plans significant layoffs and budget reductions as it confronts declining revenue, soaring hardware costs, and a strategic reset of its content and studio lineup.
Xbox prepares significant layoffs as part of a broader reset under new leadership aimed at overcoming financial and operational challenges.
Oracle’s shares dropped after the company announced plans to raise massive new debt to fund its AI infrastructure, overshadowing strong quarterly earnings and upbeat profit forecasts.
SpaceX’s initial public offering has generated more than $250 billion in investor demand, vastly exceeding its $75 billion target, signaling unprecedented enthusiasm despite current market instability.
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A sharp sell-off in artificial intelligence stocks pushed major U.S. indexes lower, marking Wall Street’s first back-to-back declines in several weeks amid growing investor concerns.
Blockchain.com launches nonstop perpetual trading for institutions, enabling around-the-clock access to stocks, commodities, forex, and a SpaceX-linked pre-IPO contract.
The estate of Donna Summer has entered a partnership with Primary Wave, covering her music catalog, recordings, and rights to her name, image, and likeness for expanded marketing and media projects.
Morgan Stanley’s launch of the first US bank-backed Bitcoin ETF marked a milestone, but a persistent knowledge gap among advisors limits broader client adoption.
The upcoming SpaceX IPO, valued at $75 billion, may draw significant capital out of Bitcoin and broader cryptocurrency investments, intensifying selling pressure in digital asset markets.
SpaceX aims to raise around $75 billion in its 2026 IPO, drawing over $150 billion in demand and blending space, broadband, defense, and AI sectors into one historic offering.
SpaceX’s potential IPO at a $1.75 trillion valuation demands sustained growth far beyond industry norms, raising concerns about the realism behind such a lofty market debut.