world
Microsoft hit with Azure, 365 outage ahead of quarterly earnings report
Microsoft users reported outages for Azure and 365 services a week after many customers of Amazon Web Services suffered hours of downtime. Source link
Alphabet set to report Q3 earnings after the bell Wednesday
Alphabet is set to report third-quarter earnings after the bell Wednesday. Source link
Meta to report third-quarter earnings after the bell
Meta will report third-quarter earnings on Wednesday and investors will be watching for any signs that it will increase spending on artificial intelligence. Source link
Paramount to lay off 1,000 employees, with more cuts expected
Paramount Skydance told employees on Wednesday it was beginning a round of layoffs. Source link
Fiserv stock craters 44%, on pace for worst day ever after company slashes guidance
Fiserv said it will move its stock from the NYSE to the Nasdaq next month, where it will trade under the ticker symbol “FISV.” Source link
Companies are blaming AI for job cuts. Critics say it’s a 'good excuse'
Workers are spooked as firms declare AI-driven layoffs, but some critics say the current reductions may be a “market clearance” due to overhiring. Source link
From futuristic NEOM to tech and tourism, Saudi Arabia's priorities are shifting
Saudi’s economy minister told CNBC the country was “reprioritizing a little bit towards sectors that need it the most.” Source link
Mortgage rates drop to the lowest level in over a year, pushing refinancing 111% higher annually
Refinance demand, which is most sensitive to interest rate changes, jumped 9% for the week and was 111% higher than the same week one year ago. Source link
World’s largest sovereign wealth fund returns 5.8% amid AI optimism
The fund, the largest of its kind in the world, said its value grew 854 billion Norweigan kroner in the third, powered by strong equities gains. Source link
India is dependent on China for electronic components. Now it's trying to change that
India is looking to cut electronic component imports, and has approved the first set of manufacturing projects under its $2.7 billion incentive scheme. Source link