The gaming industry has seen over 7,800 employee layoffs this year, already more than half the 2023 total. With gaming giants Sony (SONY) and Electronic Arts (EA) making the latest round of layoffs, investors wonder whether the sector may be reaching a breaking point. Yahoo Finance tech editor Dan Holwey joins the Live show to share drivers of the layoffs, comparing these developments to 2023's tech industry layoffs. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Tesla (TSLA) CEO Elon Musk has moved to sue OpenAI and CEO Sam Altman over what he alleges is a breach of contract. Musk claims the company is no longer following its original goal of helping humanity, instead focused on profits. "OpenAI has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft," the lawsuit states. Yahoo Finance Anchors Brad Smith and Seana Smith break down this latest development in the relationship between Musk and Altman. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
The Nasdaq finally hit a new high, but is again extended. Several leaders offered new entries, including Taiwan Semiconductor. Investors need to be nimble, and patient.