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Amazon Web Services (AWS) said it will provide up to $1 billion in cloud credits to accelerate modernization of U.S. intelligence agencies.

2026-06-30

Amazon Web Services (AWS) said it will provide up to $1 billion in cloud credits to accelerate modernization of U.S. intelligence agencies.

Other News
2026-07-01

Business Insider reported Microsoft (MSFT.O) plans to announce another round of layoffs to control costs, affecting thousands of positions across sales, consulting and the Xbox gaming unit. The cut is expected to be smaller than last year and below 2

Business Insider reported Microsoft (MSFT.O) plans to announce another round of layoffs to control costs, affecting thousands of positions across sales, consulting and the Xbox gaming unit. The cut is expected to be smaller than last year and below 2.5% of its roughly 220,000 workforce. The company may announce the move next week, though timing could change; some affected employees will be immediately offered new roles. Last year Microsoft cut about 6,000 jobs in May and a further 9,000 in July. The decisions come as Microsoft steps up AI investment while trimming expenses.
2026-06-30

St. Louis Fed research finds insufficient job vacancies, not lack of AI skills, was the main driver of rising unemployment among young U.S. workers. From April 2023 through December last year, unemployment for 18–24-year-olds rose 2.9 percentage poin

St. Louis Fed research finds insufficient job vacancies, not lack of AI skills, was the main driver of rising unemployment among young U.S. workers. From April 2023 through December last year, unemployment for 18–24-year-olds rose 2.9 percentage points attributable to reduced vacancies; by contrast, employers shifting to AI-related roles and requiring specialized skills raised unemployment in that group by 1.1 percentage points. The paper says AI’s effect is meaningful but the vacancy-shortfall impact is more than twice as large, and that hiring slowdowns since April 2023 have hit new entrants—particularly recent college graduates—first, with AI an additional but smaller headwind.
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