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"Resetting Business": Xbox Layoffs Loom As New CEO Supercharges Overhaul

"Resetting Business": Xbox Layoffs Loom As New CEO Supercharges Overhaul Microsoft's Xbox gaming division is preparing for a major round of job cuts at the end of the month as new Xbox CEO Asha Sharma moves to "reset" the unit amid a confluence of negative and worsening pressures, including shrinking revenue, soft hardware sales, plateauing Game Pass momentum, and what management now describes as an ongoing "hardware component crisis." Bloomberg first reported that Microsoft will announce an upcoming round of layoffs after the company's fiscal year ends on June 30. The...
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Mar 27, 2026 / Tyler Durden
Soaring Prices Set To Crash China's LNG Imports To 8-Year Low
Soaring Prices Set To Crash China's LNG Imports To 8-Year Low Submitted by Tsvetana Paraskova of OilPrice.com Surging LNG prices amid the war in the Middle East are set to lead to the lowest monthly LNG imports into China in eight years as Qatari and UAE supply is off the market and Chinese buyers look to raise supply from domestic gas production and pipeline deliveries. China is on track to import about 3.7 million tons of LNG in March, per tanker-tracking data by Kpler cited by Bloomberg. That would be the lowest...
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Jun 29, 2026 / Dave DeCamp
House To Vote on War Powers Resolution To End US Support for Israel’s War in Lebanon
The House is expected to vote on a War Powers Resolution on Tuesday meant to end US support for Israel’s war in Lebanon, which continues despite several announcements of a “ceasefire” and a recent agreement signed between Israel and the Lebanese government. Call your House representative and tell them to support H.Con.Res.108 to end US […]
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Apr 22, 2026 / Tyler Durden
Trump Extends Ceasefire By 3-5 Days, Precisely Amount Of Time Needed For Third Carrier To Arrive
Trump Extends Ceasefire By 3-5 Days, Precisely Amount Of Time Needed For Third Carrier To Arrive Summary At least two fully laden Iranian tankers slip past US naval blockade, amid reports of more going dark: BBG Trump extends ceasefire by 3-5 days, per White House statement to Fox. Third US carrier precisely 3-5 day away from Mideast waters: Fox IRGC seized the MSC Francesca and a Greek-owned ship named Euphoria, which had been attempting to transit the Hormuz chokepoint earlier today. Within hours, a third ship comes under fire by the IRGC. Senior Iranian adviser says...
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