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Microsoft Freezes Hiring In Cloud And Sales As Stock Suffers Worst Start To Year On Record
Microsoft Freezes Hiring In Cloud And Sales As Stock Suffers Worst Start To Year On Record
Microsoft shares were trading lower Thursday afternoon, leaving the stock deeper in bear-market territory and down about 24% on the year. Seasonal data suggests it is the worst start to a year for Microsoft on record.
A new report from The Information says Microsoft executives have instructed managers across major divisions, including Azure cloud and North American sales, to freeze hiring as part of a broader effort to reduce costs and boost margins ahead of...
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Jun 11, 2026 / Tyler Durden
UK Plans To Jail Tech CEOs Who Refuse To Spy On Every Phone
UK Plans To Jail Tech CEOs Who Refuse To Spy On Every Phone
Authored by Steve Watson via Modernity,
New measures would compel client-side inspection of every photo, video and message on devices, escalating the digital ID lockdown already plotted for British smartphones in coordination with major technology firms.
Privacy advocates warn the "child safety" framing masks a broader drive to turn personal phones into mandatory surveillance endpoints, with criminal penalties aimed at any executive who resists.
Reclaim The Net, an organization dedicated to countering online censorship and digital surveillance, flagged the draft...
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Jun 18, 2026 / Tyler Durden
Just Days After Record IPO, SpaceX To Sell $20 Billion In Bonds
Just Days After Record IPO, SpaceX To Sell $20 Billion In Bonds
Earlier this week, we showed the unprecedented pace of hyperscaler Investment Grade debt accumulation, which according to Morgan Stanley calculations had doubled in just two quarters, rising from 0.9x leverage in Q3 '25 to 1.8x currently, a pace that has already surpassed the entire energy sector's gross leverage of 1.6%.
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We predicted that this staggering growth rate would continue increasing at a pace of over 0.3x per quarter, and moments ago we got another confirmation of the insatiable demand...
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Apr 29, 2026 / Tyler Durden
OPEC +/-
OPEC +/-
By Bas van Geffen, Senior Macro Strategist at Rabobank
Brent futures topped $115/barrel, after news broke that US President Trump rejected Iran’s proposal to reopen the Strait of Hormuz. According to CNN’s sources, Iran is expected to submit a revised proposal in the next few days. However, it is unclear why Trump would accept this new version, unless Iran is suddenly willing to make concessions on its nuclear program.
Meanwhile, Reuters reports that US intelligence agencies are studying how Iran would respond if President Trump simply declared victory – suggesting...
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