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Microsoft on Tuesday said that it’s laying off 3% of employees across all levels, teams and geographies. “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,” a…

UnitedHealth Group announced a new chief executive Tuesday, a sudden and surprising change following the fatal shooting in December of its UnitedHealthcare subsidiary’s leader. Andrew Witty stepped down from leading UnitedHealth for unspecified “personal reasons,” the company said.…

CAMDEN, N.J. — The father and son duo behind a stock fraud scheme involving the infamous $100 million New Jersey deli were sentenced to several months in prison Tuesday. Peter Coker Jr. was sentenced to…

McDonald’s announced a plan to hire 375,000 employees across the U.S. this summer. The plan, announced on Monday, is one of the fast-food chain’s largest hiring pushes in years, according to a news release. It…

Financial technology company Chime on Tuesday filed paperwork to go public on the Nasdaq. The company intends to file under the ticker symbol “CHYM.” “Chime is a technology company, not a bank,” the company said…

The post positions for the 150th Preakness Stakes have been announced, setting the stage for a thrilling Middle Jewel event. Although early favorites, including Kentucky Derby winner Sovereignty and the Bob Baffert-trained Rodriguez, have withdrawn…

Lottery luck or shady backroom dealing? When it comes to the NBA draft lottery, opinions are all over the spectrum. The 2025 NBA Draft is all about Duke star Cooper Flagg, who is the crown…

Cleveland Cavaliers All-Star guard Donovan Mitchell is questionable for Tuesday’s Game 5 against the Indiana Pacers (7 p.m. ET, TNT) with a sprained left ankle and will be a game-time decision. Mitchell did not play…

Longtime ESPN anchor Chris Berman has agreed to a multiyear contract extension that will keep him with the network through 2029, when he will become ESPN’s first 50-year employee. Berman, 70, will have a prominent…

Earnings season continues, and this week we’re looking at three companies heading into their reports with different trajectories. One is in a long-term downtrend, one has been a steady riser, and one is somewhere in…