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Microsoft Promises No games Cancelled Amid 650 More Xbox Jobs Cut

12.9.2024
Microsoft is laying off another 650 employees from its Xbox gaming division, the company announced in an overnight companywide memo. Microsoft Gaming CEO Phil Spencer stressed that no new games were being cancelled or studio closed as a result of the latest round of cuts. Read more

Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs

5.9.2024
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above...

Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs

30.8.2024
A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies...

Shipping Tumblr and WordPress

29.8.2024
Didya see that Tumblr is getting a WordPress makeover? And it’s not a trivial move: This won’t be easy. Tumblr hosts over half a billion blogs. We’re talking about one of the largest technical migrations in internet history. Some … Shipping Tumblr and WordPress originally published...

Goldman Sachs Lowers US Recession Risk to 20%

19.8.2024
Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession...

UBS Urges Caution Despite Positive US Economic Data

18.8.2024
UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially...

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