AM Need to Know: Microsoft plans layoffs, Nike posts results beat & more

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AM Need to Know: Microsoft plans layoffs, Nike posts results beat & more

Jul 01, 2026, 5:24 AM ETS&P 500 Futures (SPX)MSFT, NKEBy : Nilanjana Basu, SA News Editor

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Stock index futures (SPX) fell slightly early Wednesday, signaling a muted start to the new month after equities posted solid gains over the first six months of the year.

Now, here are four news stories that broke in the night to

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Anthropic can now restore global access to its advanced AI models, resolving regulatory uncertainty after cooperation with the U.S. government.

Job cuts will impact less than 2.5% of global staff, targeting Xbox, sales, and consulting units, as part of usual post-fiscal-year restructuring, which may streamline operations but raise short-term concerns.

Nike beat profit and revenue estimates due largely to tariff recovery, but declining Greater China sales and ongoing operational struggles led to weaker after-hours share performance.

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