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Three months ago, Oracle Corp.’s scorching earnings outlook sent the shares soaring to their best day in three decades. But a quarter later, things look very different for the database software maker…
Read article →U.S. Federal Reserve Chair Jerome Powell on Wednesday confirmed that a “K-shaped economy” appeared to be developing in the U.S. and questioned whether it was “sustainable.” The “K-shaped economy” concept…
Read article →Singapore is quickly warming to the idea of autonomous vehicles on its roads. In October, the city-state’s Land Transport Authority (LTA) approved trials by superapp Grab and Chinese robotaxi firm…
Read article →OpenAI said Tuesday it has picked Slack CEO Denise Dresser as its first chief of revenue, a message to wary investors that the ChatGPT maker is serious about making a…
Read article →When businesses decide to engage with crypto, they quickly discover the landscape is fragmented across numerous blockchains. If they want to move assets between different chains, they must often rely…
Read article →Most U.S. stocks are rising on Thursday, but a drop for Oracle is holding Wall Street back as investors question whether its big spending on artificial-intelligence technology will pay off.…
Read article →A trio of Middle Eastern funds have agreed to stump up $24 billion to help bankroll Paramount Skydance Corp.’s bid for Warner Bros. Discovery Inc. The region’s exposure to the deal is…
Read article →Disney is investing $1 billion in OpenAI and is giving the go-ahead for its iconic characters like Mickey Mouse to be used in the AI short-form video app Sora. Recommended…
Read article →S&P 500 futures ticked downward 0.22% this morning, an indicator that some traders decided overnight to lock in their gains from yesterday’s close, when the index reached a new all-time…
Read article →Two data center billionaires minted before anything is even built. A borrower seeking a loan for 150% of the construction cost. And companies that are using financial engineering to keep…
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