Author: News Room

Microsoft’s Xbox division will be hit with significant layoffs next month, according to people familiar with Microsoft’s plans.The company has been preparing for the layoffs internally for weeks, with Xbox CEO Asha Sharma hinting about “making hard choices” last month. Sources suggest the cuts could even involve a studio closure, or changes to the Xbox studio lineup. In a recent Giant Bomb episode, rumors of 1,000 layoffs for Microsoft’s Xbox division were mentioned. Bloomberg also reported today that the cuts would be “major,” and involve budget cuts for marketing and other areas of Microsoft’s Xbox business.Moments before Bloomberg’s report, Xbox…

Bitcoin (BTC) faced renewed risks of a breakdown toward $30,000, according to a new analysis, as institutional demand turned deeply negative.Key takeaways:Data shows institutions are offloading around 450% of the daily BTC supply.Bitcoin risks slipping below $30,000 if supply absorption remains weak. Institutions are selling almost 2,000 BTC per dayCapriole Investments’ institutional buying model, which tracks Bitcoin demand from ETFs, corporate treasuries, and miner issuance, shows net institutional selling at around 450% of daily mined supply, equivalent to about 2,000 BTC per day.BTC/USD vs institutional buying market cap. Source: Capriole InvestmentsIn other words, large holders are selling 4-5x more Bitcoin…

Caleb Shomo opened up the moment he knew he was ready to come out to wife Fleur Shomo. “I was in the shower trying to talk myself into saying something as I had been many times. And thankfully, I kind of smacked myself in the face. I was like, ‘It’s f***ing time,’” the Beartooth frontman, 33, said on the Wednesday, June 10, episode of Katie Maloney and Dayna Kathan’s “Disrespectfully” podcast. “And then I said something to my then-wife about how I feel about men and how I never really allowed myself to explore this. But I have to tell…

The Nigerian Safety Investigation Bureau (NSIB) says its investigation into the train derailment that occurred along the Warri-Itakpe rail corridor on Monday, 8 June, has progressed with the retrieval of critical evidence. The Director, Public Affairs and Family Assistance, NSIB, Funke Adebayo-Arowojobe, said this in a statement on Wednesday in Lagos. Mrs Adebayo-Arowojobe noted that the bureau had completed key on-site investigative activities. “Following the notification of the accident, the Director General of the NSIB, Alex Badeh Jr., led the bureau’s investigation team to the accident scene to initiate an inquiry. “He was accompanied by the Managing Director of the…

The Federal Government has approved a comprehensive set of guidelines regulating the award and use of honorary doctorates, as part of efforts to restore credibility and integrity to the university system. The new policy, approved by the Federal Executive Council, introduces strict rules governing eligibility, nomination, conferment, usage and revocation of honorary doctoral degrees awarded by Nigerian universities. The development was announced in a statement signed by the Director of Press and Public Relations at the Federal Ministry of Education, Folasade Boriowo, on Wednesday. According to the statement, the Minister of Education, Dr Tunji Alausa, said the guidelines were introduced…

The Federal Capital Territory Command has rescued five residents of Paze in the Byazhin community in the Bwari area of the nation’s capital. The victims were rescued during a clearance operation carried out by the police in collaboration with vigilantes and hunters on Tuesday. A statement on Wednesday by the command’s spokesperson, Josephine Adeh, disclosed that during the operation, two of the kidnappers were gunned down, while two others were arrested. The statement read, “The FCT Police Command has successfully rescued five kidnapped victims following an intensive joint rescue operation conducted in the Byazhin area of the Federal Capital Territory.…

The Dangote Petroleum Refinery has reduced operations at its gasoline-producing unit by about 34 per cent since May 21 due to a combination of feedstock constraints and technical issues, according to a Reuters report citing industry monitor IIR Energy. The development comes amid heightened concerns over global fuel supply disruptions and rising crude oil prices triggered by geopolitical tensions in the Middle East, raising questions about potential implications for Nigeria’s domestic petrol market. According to Reuters on Wednesday, IIR Energy disclosed that the refinery’s Residue Fluid Catalytic Cracking Unit, a key component in gasoline production, had been operating below its…

Apple’s new Siri AI is finally here, and so far, it seems like it works. I have access and have been messing around with it, and my biggest impression so far is that Siri AI is quite curt — which I mean as a compliment.Many AI chatbots are cheery and wordy. While a more verbose and casual personality can make a chatbot seem friendlier and more fun to talk to, there are instances of users becoming extremely attached to their chatbot of choice. People have fallen in love with chatbots. When OpenAI suddenly shut down GPT-4o, users grieved its loss,…

XRP’s (XRP) onchain activity has contracted sharply since its 2025 peak. The 90-day network fee average fell by 91.5%, while the realized profit-to-loss ratio dropped to 0.38 from 50, according to Glassnode. The decline in activity and profitability comes as traders identify the $1.00-$0.65 region as a major area of interest.  XRP profit-taking flips to network capitulationAccording to Glassnode, the 90-day simple moving average of total fees paid on the XRP network has fallen to just 500 XRP from 5,900 XRP in February, a decline of 91.5%.The network fees are often used as a proxy for transaction demand. The drop points to…

David Faustino is the first to admit a revival of Married … with Children came surprisingly “close” to happening. “Matter of fact, I signed my deal,” Faustino, 52, exclusively shared with Us Weekly on Wednesday, June 10, ahead of his live event with Bundy Club and Ed O’Neill, who notably played his iconic TV father, Al Bundy, on the hit sitcom. “All of the cast was very supportive. It was built around a Bud Bundy kind of story line, and they were also supportive. They agreed to come on as recurring characters. They wouldn’t be in it all the time.…