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Bloomberg

Microsoft's Xbox to Cut 3,200 Jobs, Divest Studios in Overhaul

Microsoft Corp.'s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Xbox will also divest four of its video-game development studios and is beginning the process to part ways with a fifth. "Our business today is not healthy," Chief Executive Officer Asha Sharma wrote in a note to staff Monday morning, adding that Xbox is operating at margins three to 10 times lower than comparable businesses. "We must reset Xbox." Brody Ford, Bloomberg Technology Reporter, joined Bloomberg's Paul Sweeney and Scarlet Fu to talk about Microsoft's XBox layoffs.

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Bloomberg

Tech Drives Stock Gains in AI Trade Resurgence

A rally in several technology powerhouses lifted stocks amid speculation that the artificial-intelligence trade that has powered the bull market has more room to run.  The advance halted a two-day rout in chipmakers, with traders betting the industry's investment boom will continue to support solid earnings. Shana Sissel, founder and CEO at Banríon Capital Management, joined Bloomberg's Paul Sweeney and Scarlet Fu to discuss her outlook for tech stocks.

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Bloomberg

Memory Chipmaker SK Hynix Kicks Off $28 Billion US Listing

SK Hynix kicked off the formal marketing process for its US listing on Monday, as the South Korean chipmaker looks to capitalize on surging investor demand for the high-flying memory-chip sector. Bailey Lipschultz, Bloomberg News Senior Equities Reporter, joined Bloomberg's Paul Sweeney to highlight the formal marketing process for SK Hynix and its US listing.

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Bloomberg

Summer Box Office Builds Momentum

The summer box office is heating up, and more momentum could be on the way. Daniel Loria, Senior Vice President at The Boxoffice Company, says two major July releases -- Universal's The Odyssey and Sony's Spider-Man: Brand New Day -- could keep audiences coming to theaters. He joined Bloomberg TV with his outlook.

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Bloomberg

Private Equity's Next Sports Play

Wall Street is making a bigger bet on sports. William Blair's acquisition of Inner Circle Sports underscores why investors see enormous opportunity in pro teams, women's sports and college athletics. Inner Circle Sports Founder Rob Tillis and William Blair's Global Head of Investment Banking Matt Zimmer join Open Interest to explain what's driving soaring franchise values and why they believe the industry's biggest growth is still ahead.

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Bloomberg

Trump Sparks Soccer Red Card Drama

A stunning red-card reversal has sparked a global soccer controversy after President Trump weighed in on Folarin Balogun's suspension. Bloomberg's Randall Williams joins the show to talk about whether the decision was fair, if slow-motion review distorts intent, and why the ruling could create a dangerous precedent for the World Cup.

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