00:00:02 Speaker A
Time for Yahoo! Finance’s Market Minute. US stocks pushing higher today as investors remain optimistic about cooling tensions in the Middle East. Meanwhile, shares of Circle falling today after seeing gains of 750% since its June IPO. Even with the recent momentum, some analysts are warning of risks to its rally, including stablecoin adoption, regulatory setbacks, and competition. Plus, Microsoft planning major job cuts at its Xbox gaming division. This marks the fourth big layoff at Xbox in the past 18 months, as it seeks to boost profits after its $69 billion takeover of Activision Blizzard. And Uber shares are gaining today as the company teams up with Waymo to offer driverless rides in Atlanta, with the city expected to become a competitive market for autonomous cars. And that is your Yahoo! Finance Market Minute. For more on what’s trending on Yahoo! Finance, you can scan the QR code below to track the best and worst performing stocks of today’s trading session.
