D.A. Davidson's Gil Luria on Microsoft layoffs: Gaming business has become 'almost irrelevant'

Gil Luria, head of technology research at D.A. Davidson, joins 'Squawk on the Sttreet' to discuss the latest round of cuts at Microsoft, artificial intelligence, and more.

Game over for 20% of Xbox staff as Microsoft hits reset: We 'didn't focus on the core business,' CEO says. 'We simply spread ourselves too thin.'

Everything you need to know before you reach the office this morning.

Meta building cloud business to sell excess AI capacity, Bloomberg News reports

July 1 (Reuters) - Meta Platforms is building a cloud business to sell excess artificial intelligence computing capacity, Bloomberg News reported on Wednesday, as tech giants seek returns on costly AI investments amid worries about overspending.

MSFT's Xbox Business Has Become 'Almost Irrelevant', Says Analyst — ‘Every Investment Dollar Now Is Going To AI’

During an interview with CNBC, DA Davidson’s Gil Luria said that every dollar of Microsoft's investment is going toward funding its AI efforts and data centers.

Beloved gas station pizza chain CEO reveals 400-store expansion plan as food business booms

Casey's General Stores plans to add at least 400 new locations over three years while expanding its prepared food menu with wings and fries.

Bayer fuels break-up talk as Roundup placed in separate business

By Ozan Ergenay July 2 (Reuters) - Bayer said on Thursday it was consolidating its U.S. Roundup business in a new unit, less than a week after scoring a major legal victory that blocked thousands of state-court lawsuits related to the weedkiller.

P. Terry's, H-E-B and more business closures that shook this Texas city

The city has seen more than a dozen closure so far this year.