Business

Financial experts are encouraging households to conduct a mid-year budget reset to adapt to rising living costs and shifting personal priorities.

Microsoft has announced the elimination of approximately 4,800 jobs, representing 2.1% of its global workforce, with its Xbox gaming unit experiencing significant reductions. The company attributes these cuts to a rapidly changing business environment and the necessity to 'reset Xbox' amid evolving technological landscapes and increased investment in artificial intelligence.

Seattle's Black community is poised to commemorate Juneteenth with a series of events that integrate the city's role as a host for the United States Men's National Team with cultural and community celebrations. This initiative features a public watch party, a market for Black-owned businesses, and specialized programming at local restaurants and bars, all designed to highlight community contributions and foster economic empowerment.

Fox has announced its acquisition of Roku, the prominent streaming platform, in a substantial $22 billion transaction. This strategic move aims to merge Fox's diverse content portfolio, including sports, news, and entertainment, with Roku's extensive device ecosystem and user base, positioning the combined entity as the third-largest player in US television by viewing share.

Elon Musk is projected to become the world's first trillionaire, with his combined holdings in Tesla and SpaceX potentially valuing his net worth at $1.11 trillion.

Four University of Washington students founded Lumiére, a candle company built around memories, culture and identity, to create a connection between customers and their own heritage and experiences through hand-poured candles.

NBA star Stephen Curry has announced a ten-year partnership with Chinese sportswear giant Li-Ning, concluding his sneaker free agency. The deal is poised to significantly boost Li-Ning's market presence and popularity in both China and the United States.

A draft defense policy bill seeks to prohibit U.S. military personnel from engaging in prediction markets for global events, a measure prompted by a high-profile case involving a U.S. special forces soldier accused of using classified information to place bets tied to the capture of Nicolás Maduro.

A new study by the Julian Bond Institute (JBI), 'Ambition Without Access,' highlights that younger, more diverse generations, despite demonstrating high financial motivation and optimism, face significant structural barriers to achieving key financial milestones such as homeownership, business creation, and secure retirement.

Elon Musk has initiated legal proceedings against OpenAI, its CEO Sam Altman, and President Greg Brockman, alleging they deceived him and deviated from the company's original mission. The lawsuit seeks $130 billion in damages and demands the restoration of OpenAI's nonprofit status.