Oracle Beats Estimates as AI Demand Eases Cash-Burn Concerns
Oracle exceeded quarterly earnings estimates as strong AI infrastructure demand offsets concerns about cash burn from its cloud expansion investments.
economy
Economy & Finance
Markets await clarity on Fed policy as Kevin Warsh heads to Jackson Hole amid pressure from Treasury Secretary Bessent's market interventions and uncertainty over inflation stance.
HIGH confidence
Coverage (10428 articles)
El petróleo mantiene su alza y el Brent se acerca a US$108 por tensión en Medio Oriente
El crudo Brent alcanza casi US$108 por barril, su nivel más alto en cuatro meses, impulsado por escalada de hostilidades en Medio Oriente y temores de interrupciones en el suministro energético.
Central banks weigh rate hikes as energy costs fuel inflation fears
Central banks globally are considering interest rate increases as surging energy prices drive inflation concerns, with the US Federal Reserve and Bank of England set to decide this week.
Treasury's $6B Bond Buyback Fails to Calm Market Sell-Off
The U.S. Treasury's $6 billion bond buyback operation, triple the normal level, failed to stabilize markets as bond investors continued selling despite the intervention effort.
Asian Markets Face Headwinds as Oil Prices, Inflation Concerns Weigh
Asian stocks and bonds are expected to decline amid rising oil prices and persistent inflation concerns, according to market analysis.
Silver Lake-backed Altera eyes $2B+ IPO as early as 2026
Silver Lake and Intel-backed Altera is preparing for an IPO that could raise over $2 billion as early as 2026, according to sources familiar with the matter.
Oracle Stock Surges on Cloud Revenue Beat Amid AI Demand Surge
Oracle's stock rose following Q1 earnings that exceeded expectations, driven by cloud infrastructure revenue more than doubling amid strong AI demand.
Petróleo dispara para US$ 107, maior nível desde maio, afetando mercados globais
O petróleo Brent fechou em forte alta acima de US$ 107, atingindo seu maior nível desde maio, impulsionado por tensões geopolíticas entre EUA e Irã, afetando mercados globais.
Oil surges to May highs, weighing on Wall Street
Oil prices jumped to their highest level since May, triggering a decline in Wall Street equities as energy costs ripple through financial markets.
Petróleo acima de 107 dólares arrasta Wall Street para novo dia de perdas
As principais bolsas americanas fecharam em queda pela quarta sessão consecutiva, com o petróleo Brent a ultrapassar 107 dólares por barril e dados de inflação a reforçarem expectativas de subida de taxas da Fed.
CPI Report Tomorrow Could Trigger Fed Rate Decision Next Week
An upcoming CPI inflation report is expected to heavily influence whether the Federal Reserve will raise interest rates at its meeting next week, with market expectations shifting based on inflation data.
Drought-Stricken Rivers Choke Global Trade Routes, Driving Up Prices
Low rainfall and shrinking rivers are creating shipping bottlenecks worldwide, driving up prices across global trade networks.
US home sales hit 13-month low as mortgage rates and prices surge
US home sales declined to their slowest pace in over a year as mortgage rates reached their highest level in 12+ months, despite record housing supply. The market shows a K-shaped split between different buyer segments.
ECB Raises Rates a Quarter Point to Combat Energy-Driven Inflation
The European Central Bank increased interest rates by 0.25% to address inflation pressures stemming from energy costs, continuing its monetary tightening campaign.
25 Years Later, New DNA Technology Offers Hope for Identifying 1,000+ 9/11 Victims
New York officials continue identifying remains from the September 11 attacks using advanced forensic genetic genealogy technology, with over 1,000 victims still unidentified 25 years later.
US Producer Prices Rise as Expected in August; Energy Costs Drive Firmer Underlying Inflation
US wholesale prices increased 0.4% in August as expected, with energy costs driving the largest monthly gain in three months, potentially signaling continued inflationary pressure on consumer prices.
OpenAI Launches ChatGPT for Financial Services, Targeting Wall Street Junior Bankers
OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services CNBC OpenAI Debuts Financial Tool Tailored to Investment Bankers Bloomberg.com OpenAI launches ChatGPT…
30-year mortgage rates breach 7% for first time in 14 months
30-year fixed mortgage rates topped 7% for the first time in over a year, reaching 7.07%, as bond yields continue rising and pushing borrowing costs higher for homebuyers.
9/11 Victims' Daughters Pursue Justice as Accused Mastermind's Trial Remains Stalled
Two daughters of 9/11 victims are seeking accountability against the accused mastermind, whose trial remains stalled due to legal disputes over torture-tainted confessions and admissibility of evidence.
Nintendo Launches Sale Using Tariff Rebates Instead of Direct Refunds
Nintendo announced a customer appreciation sale funded by tariff-related rebates rather than issuing direct refunds to consumers, drawing criticism for how it's deploying the savings.
After 25 Years, 9/11 Victim Barbara Keating Finally Laid to Rest
Barbara Keating, who died aboard American Airlines Flight 11 on September 11, 2001, is being laid to rest after her remains were identified last year, more than two decades after the attack.
Nintendo Directs Zelda Switch 2 Hunters to App, In-Store Pre-Orders Amid Sellout
Nintendo's Legend of Zelda 40th anniversary Switch 2 console is sold out at major retailers, but Nintendo recommends using the Nintendo Store app and visiting GameStop locations in person for potential restocks.
Insta360 Luna Pro offers budget-friendly gimbal camera for social creators
Insta360 has released the Luna Pro, a smaller and cheaper gimbal camera designed for content creators making Instagram Reels and short-form video content.
ECB Raises Rates to 2.5% as Inflation Pressures Persist
The European Central Bank raised interest rates to 2.5% to combat inflation risks, with policymakers signaling potential further tightening ahead including in October.