S&P Global raised its full-year earnings guidance after its ratings business enjoyed a surge in global corporate bond issuance. The company noted tighter credit spreads and high debt-issuance volumes as key drivers of better-than-expected performance. As a result, S&P Global’s shares rose following the update and investors voiced optimism about the durability of its earnings across a favourable credit-markets backdrop.

Microsoft plans to eliminate upto 10,000 corporate and engineering roles globally in response to slowing growth in its cloud business and weaker enterprise hardware demand. The company cited need to re-prioritise higher-growth areas like AI infrastructure and generative workloads while trimming less-strategic units. Analysts say this move signals a broader pivot toward efficiency among Big Tech. The job cuts are expected to weigh modestly on near-term sentiment but most investors see the restructuring as pre-emptive with strong balance sheet cushions backing the new strategy.