Oracle (ORCL) stock jumped late Thursday after the tech giant reported fiscal first-quarter results that beat expectations. Cloud infrastructure growth accelerated to triple-digits, a sign that Oracle is converting strong demand for AI computing power into sales growth. Austin, Texas-based Oracle reported adjusted earnings of $1.92 per share from revenue of $19.35 billion for the…
Robert Kiyosaki, author of the 1997 bestseller “Rich Dad, Poor Dad,” often says his $1.2 billion debt is part of a wealth-building strategy, and his philosophy rejects the “live below your means” advice common in personal finance. Kiyosaki’s book famously proclaimed that the rich don’t work for money, savers are “losers,” and your house is…
The dollar index (DXY00) is up by +0.20% today. The dollar is moving higher today amid the +3% surge in WTI crude oil to a 3.5-month high, which is boosting inflation expectations and could persuade the Fed to raise interest rates. Also, today’s jump in T-note yields has strengthened the dollar’s interest rate differentials. In…
Palantir Technologies (PLTR) on Thursday announced expanded partnerships with Nvidia (NVDA) and Japan’s Fujitsu at its 11th artificial intelligence conference. Palantir stock dipped as the Nasdaq retreated amid worries over rising oil prices and the lingering U.S. war with Iran. The maker of data analytics software initially rolled out its “Artificial Intelligence Platform” in early…
The latest monthly list of new buys by the best mutual funds, which comes out on Friday, puts a dazzling spotlight on Lumentum (LITE). These savvy money managers scooped up an eye-catching $13.11 billion worth of Lumentum stock. The optical and photonics giant plays a key role in powering the infrastructure behind artificial intelligence, cloud…
Home sales declined in August as mortgage rates hit their highest levels in over a year, discouraging prospective buyers. Existing home sales dropped 2% last month from July to a seasonally adjusted annual rate of 3.98 million homes, according to National Association of Realtors data released on Thursday. Sales are now at their slowest pace…
Truepic has partnered with ISB Global Services, a Canadian provider of insurance data, technology and investigative solutions, to introduce “authenticated” photo and video inspections through the ISB Portal. The integration allows Canadian insurers to order authenticated visual evidence directly through the ISB Portal to support claims decisions. Under the arrangement, adjusters can order an inspection…
Oil prices kept surging Thursday, sending investors into a risk-off mode and casting major indexes lower for the fourth continuous day. An unexpected reading of wholesale inflation didn’t provide any relief as yields soared. Meanwhile, Apple (AAPL) was a gainer in the stock market today after its product launch event. In early trade Thursday, the…
The S&P 500 Index ($SPX) (SPY) is down -0.54% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.96%. E-mini S&P futures (ESU26) are down -0.50%, and September E-mini Nasdaq futures (NQU26) are down -0.93%. Stock indexes are falling today, with the S&P 500…
Investors hammered Cooper Companies (COO) on Thursday after the medtech’s fiscal third-quarter sales lagged Wall Street’s expectations, leading to a guidance cut. Specifically, the CooperVision segment — which sells contact lenses — missed expectations by 4.5%, William Blair analyst Steven Lichtman said in a report. The miss was due to destocking. Further, the company opted…
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