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Market news: Microsoft (MSFT.O) plans a new round of layoffs, affecting thousands of jobs.

2026-07-01

Market news: Microsoft (MSFT.O) plans a new round of layoffs, affecting thousands of jobs.

Other News
2026-07-01

Bank of Canada Governor Macklem: The Bank of Canada's balance sheet has returned to a new stable state.

Bank of Canada Governor Macklem: The Bank of Canada's balance sheet has returned to a new stable state.
2026-07-01

Key News 1. White House National Economic Council Director Hassett: US economic growth is projected to be around 4% in the second half of the year. 2. US ADP employment increased by 98,000 in June, the lowest increase since March. 3. Iran says it

Key News 1. White House National Economic Council Director Hassett: US economic growth is projected to be around 4% in the second half of the year. 2. US ADP employment increased by 98,000 in June, the lowest increase since March. 3. Iran says it will initiate negotiations on a final Iran-US agreement at an appropriate time. Stock News 1. SoftBank: Invests another $10 billion in OpenAI. 2. Microsoft (MSFT.O) plans another round of layoffs, affecting thousands of jobs. 3. XPeng Motors (XPEV.N) rose over 3% pre-market; the company delivered 40,126 new cars in June, a year-on-year increase of 15.9%. 4. Paramount Skydance (PSKY.O) submitted antitrust remedies to the EU, taking another step forward in its $110 billion acquisition deal. 5. Michael Burry, the inspiration for the TV show "The Big Short," said on Tuesday that he has established a short position in Caterpillar (CAT.N). 6. Micron Technology (MU.O): Signed a strategic customer agreement with General Motors (GM.N) to secure long-term memory and storage supplies. 7. Meta Platforms (META.O) rose over 7% pre-market after reports that it is selling surplus AI computing resources. 8. Tesla (TSLA.O): The first mass-produced Cybercab self-driving electric car has begun engineering testing in Austin, Texas. 9. Alcoa (AA.N) has agreed to acquire South32 Ltd.'s bauxite, alumina, and aluminum assets for up to $5.6 billion.
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