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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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Feb 19, 2026 / Tyler Durden
The US Must Be Confident It Has A Plan In Place To Lower Oil Prices Once It Strikes Iran
The US Must Be Confident It Has A Plan In Place To Lower Oil Prices Once It Strikes Iran
By Michael Every of Rabobank
Lots Of Xs Vs Lots Of Ys
US vs. Iran: The media today talk of a “90% chance of war” and “as soon as Saturday.” We’ve long stressed there’s a high likelihood of a fresh US-Iran conflict, recent US logistics movements said soon, and an Axios headline yesterday refocused oil markets on it. The balance of risks now tilts to a US strike after market close Friday, even...
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Feb 24, 2026 / Tyler Durden
Despite Crazy Revisions, Consumer Confidence Rebounds From January's Doom
Despite Crazy Revisions, Consumer Confidence Rebounds From January's Doom
After Boomers and Gen X dragged The Conference Board Confidence measure down to eight month lows to end 2025, expectations were for a rebound to start 2026.
Instead, January was a bloodbath with all the cohorts tumbling. Today sees February's data released with expectations for a rebound, particularly in expectations... and the consensus was right.
The headline Consumer Confidence print rose from 84.5 (revised dramatically up to 89.0) to 91.2 (better than the 87.1 expected)
Under the hood it was kind of crazy with the...
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Mar 21, 2026 / Brian McGlinchey
Join The US Military – Kill And Die For Israel
(Note: Brian will be a featured speaker at RPI’s upcoming “War is Back on the Menu” Conference. Get your tickets here.) President Trump’s decision to join Israel in launching a regime-change war on Iran has so far cost the lives of at least 13 American service members. More than 200 have been wounded, dozens seriously enough to require evacuations […]
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