Latest Updates Around The World
Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance’s latest attempt to stop Warner Bros Discovery from selling its prized Hollywood assets to streaming giant Netflix.The guarantee, disclosed in a filing Monday, is aimed at addressing Warner Bros board doubts about Paramount’s financing and the lack of full support […]
US stocks started the shortened holiday week on a positive note, while technology stocks continued to rise on renewed enthusiasm about artificial intelligence as investors awaited key economic data later this week.A rally in tech stocks that started late last week, driven by Micron Technology’s blowout forecasts and a favorable inflation report, has left the […]
Wall Street stocks rose early Friday as markets factored in new commentary from a senior Federal Reserve official and expected lower trading volumes during the holiday season.New York Federal Reserve President John Williams told CNBC that Thursday’s reading showing lower inflation was likely “distorted” due to data collection difficulties during the government shutdown, dampening enthusiasm […]
TikTok has reached a deal to offload a substantial portion of its U.S. operations to a group of American investors, ending a years-long battle in which the federal government has tried to force the platform to do so. The new partnership is described as a “new US TikTok joint venture” in an internal memo from […]
Wall Street’s major indexes were slightly higher in volatile trading on Wednesday as investors looked for clues about the outlook for interest rates, while caution lingered after reports of funding hurdles for Oracle’s data center plans.Oracle fell 2.8% after a report showed that Blue Owl Capital, the cloud company’s largest data center partner, said it […]
The S&P 500 and Nasdaq closed more than 1% lower on Friday, with investors leaving tech for other sectors as Broadcom and Oracle fueled concerns about an AI bubble and rising U.S. Treasury yields added pressure after some policymakers spoke out against easing monetary policy. Treasury yields rose after a group of Federal Reserve officials, […]
The S&P 500 and Nasdaq fell on Friday after Broadcom’s latest results increased concerns about an AI-powered bubble, dampening optimism from the Federal Reserve’s less aggressive than expected signals on rate cuts in 2026.Broadcom fell 8.4% after the chipmaker warned of smaller future margins on sales of its AI systems, despite expected strong quarterly revenue. […]
The S&P 500 and the Dow Jones hit record highs on Thursday as investors favored financial stocks after a Federal Reserve policy update that was less aggressive than expected, while the tech-heavy Nasdaq Composite underperformed as Oracle’s financial update made investors wary of bets on artificial intelligence. Shares of Oracle tumbled after the company’s quarterly […]
Wall Street’s tech-focused Nasdaq fell to a one-week low on Thursday as new concerns about Oracle’s hefty AI spending plans overshadowed optimism about a less hawkish tone from the Federal Reserve.Oracle fell 14% after quarterly forecasts fell short of analyst estimates and the company raised its annual spending forecasts, rekindling concerns that the pace of […]
The S&P 500 ended Tuesday’s session slightly lower as investors expected the Federal Reserve to strike a hawkish tone even if it cuts rates this week, while JPMorgan put the biggest brakes on the benchmark index after the largest U.S. bank warned of big spending ahead of 2026. The Fed began its two-day policy meeting […]
