Microsoft Just Laid Off 4,800 Employees. It’s a Warning Beyond the Tech Industry

“She left behind a 30-year-old son and 32-year-old daughter.”

The wheat complex shrugged off early weakness on Tuesday, with contracts higher across the three markets. Chicago SRW contracts were 4 to 5 cents in the green. KC HRW futures were up 9 to 10 ½ cents in the front months. MPLS spring wheat was the leader, with contracts 11 to 12 cents higher.  Spring…

Asia’s energy security depends on the Strait of Hormuz, a waterway it doesn’t control, and the fallout from the return of conflict would extend well past fuel pumps. If Asia doesn’t build deeper, more liquid electricity networks now, it risks losing its slice of the AI value chain. Nearly every major Asian economy now has…

Netflix reported second-quarter revenue and earnings that were roughly in line with analyst estimates on Thursday as Wall Street is keeping a close eye on the company’s advertising and engagement metrics.  Netflix stock fell more than 7% in trading Friday as investors appeared disappointed once again in the company’s earnings forecast. Here’s how Netflix performed…

The dollar index (DXY00) fell by -0.04% on Wednesday.  The dollar posted modest losses on Wednesday amid a mild recovery in the euro and the yen.  The euro rose ahead of Thursday’s ECB meeting, and the yen recovered slightly from Tuesday’s 39-year low on the prospect of faster BOJ interest rate hikes.  Losses in the…

Anxious accountants can take a deep breath, as recent data shows that human clients do not especially crave a 100% AI-led experience versus one where human accountants use AI to provide better service. Indeed, there are many circumstances where most would prefer AI not be involved at all.  Processing Content This is according to recent…