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British billionaire Chris Hohn's hedge fund TCI sold nearly $8 billion worth of its stake in US software giant Microsoft (MSFT.O), telling investors that artificial intelligence poses a threat to the company's dominant software products.

2026-05-08

British billionaire Chris Hohn's hedge fund TCI sold nearly $8 billion worth of its stake in US software giant Microsoft (MSFT.O), telling investors that artificial intelligence poses a threat to the company's dominant software products.

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2026-05-08

U.S. payrolls rose 115,000 in April, exceeding expectations and marking a second straight month of job gains, while unemployment held at 4.3%, signaling a stabilizing labor market after weak hiring last year. The data support expectations that the Fe

U.S. payrolls rose 115,000 in April, exceeding expectations and marking a second straight month of job gains, while unemployment held at 4.3%, signaling a stabilizing labor market after weak hiring last year. The data support expectations that the Federal Reserve can keep interest rates unchanged as officials monitor inflation risks tied to the Iran war. Analysts are watching whether higher inflation, weaker consumer sentiment and rising business costs from the conflict will eventually weigh on hiring and consumer spending.
2026-05-08

European Commission: High oil prices should not be considered an exceptional situation.

European Commission: High oil prices should not be considered an exceptional situation.
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