2026-07-06

Microsoft is cutting 4,800 jobs as Xbox plans to spin off 4 game studios

Xbox CEO Asha Sharma said the division's business "is not healthy" and will cut roughly 20% of its staff through fiscal year 2027 [...]

2026-07-06

All seven US sectors grew in June for the first time since November. The rotation out of tech is showing up in the data

Basic Materials led all sectors with an index reading of 57.0, while Technology and Consumer Services returned to growth after recent contractions [...]

2026-07-06

Trump rings NYSE and Nasdaq opening bells from the Oval Office for kids' accounts launch

For the first time, both exchanges jointly rang their opening bells from the White House to mark the launch of Trump Accounts for children [...]

2026-07-06

Apple and Broadcom are extending their custom chip partnership through 2031

The two companies signed new multi-year agreements for Broadcom to develop and supply custom ASIC chips across multiple generations of Apple products [...]

2026-07-06

A former Apple executive is building a $1 billion smart glasses rival to Meta

The Shenzhen-based startup, founded by a former Apple Watch engineer, is targeting Meta's dominance in the fast-growing smart glasses market [...]

2026-07-06

What billions of AI predictions taught Expedia before the age of AI agents

There's an important distinction between AI that just works today, and AI that lasts at scale. Many companies optimize hard for the first one without ever asking whether they're building the second.Velocity without discipline and strategic direction is a liability, not an asset. The hardest part of building AI at scale isn't getting a model to work once. It's building systems t [...]

2026-07-06

The Science Behind Why Soccer Players at the 2026 World Cup Are Cutting Their Socks

Holes in socks have become a curious sight at this year’s World Cup. The reasons why are a weird mix of biomechanics, perception, and player habits. [...]

2026-07-06

Uber quietly pauses 5 of 7 European food-delivery launches as it chases Delivery Hero

Five months ago, Uber promised to storm five new European countries with its food-delivery app. It just quietly hit the brakes, and the reason looks a lot like a €10bn takeover. Uber has paused five of its seven planned 2026 European launches, the Financial Times reported. Uber announced the push in February, targeting Austria, Norway, […]<br /> This story continues at The Next Web [...]

2026-07-06

Camera-free smart-glasses maker Even Realities hits $1bn on a $150M raise

Meta has sold millions of camera-equipped smart glasses, and landed in a privacy storm for it. A Shenzhen startup is betting $1bn that the smarter move is to leave the camera off. Even Realities has raised $150m at a $1 billion valuation, TechCrunch reported. Chinese giants Meituan and Tencent led the round. It makes the […]<br /> This story continues at The Next Web [...]