USBBC NewsWED 28 OCT 2026 / 8:27 PM CDT

Microsoft profits soar days after announcing thousands of layoffs

Technology giant Microsoft says its profits for the three months to the end of September jumped to more than $36.6bn (£27.5bn), just days after announcing plans to cut its workforce by more than a quarter.

On Monday, the Windows developer said it would offer buyouts to around 60,000 of its workers to cut costs as it pours billions of dollars into artificial intelligence (AI).

Like many other major tech firms, Microsoft is investing heavily in the infrastructure that powers AI even as questions remain over whether such huge spending will pay off.

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USCBS News2h

Fed holds interest rates steady even as inflation remains high

The U.S. central bank left borrowing costs unchanged this month after hiking rates in September for the first time in three years.

USCBS News2h

Alaska gov. orders probe into Peltola over 2nd Dan Sullivan on ballot

A report alleged that people aligned with Democrat Mary Peltola's campaign helped recruit a candidate with the same first and last name as Republican Sen. Dan Sullivan. Peltola denied the allegations.

USThe Guardian2h

‘Mississippi matters’: Scott Colom aims to turn Mississippi blue

The Democrat is challenging incumbent Republican Cindy Hyde-Smith for US Senate On Tuesday, with just one week until the election, Scott Colom’s headquarters was buzzing. Volunteers arrived for phone-banking, while staffers prepared for another day of campaigning. Colom, a Democrat who is challenging incumbent Republican Cindy Hyde-Smith for US Senate, had just held a press conference in Corinth, Mississippi. Trump campaigned for Hyde-Smith in Corinth, a small city near the Tennessee border that typically leans Republican on Tuesday, too. He told…

USThe Guardian2h

Two Colorado college students found dead after going missing during hike

Kaden Matsuda and Jackson Donlon were on a trip in Rocky Mountains last weekend when heavy snowstorm hit Two Colorado college students have been found dead after going missing during a hiking trip in the Rocky Mountains last weekend when a heavy snowstorm hit, authorities said. The bodies of Kaden Matsuda, 19, of Ridgway, Colorado , and Jackson Donlon, 20, of New York, were found on Wednesday afternoon in a basin of West Apostle Mountain, about 100 miles (160km) south-east of Aspen, the Chaffee county sheriff’s office said in a statement posted on…

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Microsoft profits soar days after announcing thousands of layoffs

More on this deskAll US

Fed holds interest rates steady even as inflation remains high

Alaska gov. orders probe into Peltola over 2nd Dan Sullivan on ballot

‘Mississippi matters’: Scott Colom aims to turn Mississippi blue

Two Colorado college students found dead after going missing during hike