Category: Top Story
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Oracle Shares Jump After Earnings Beat and Higher Revenue Outlook
Oracle Corporation (NYSE:ORCL) reported quarterly results on Tuesday that exceeded analysts’ expectations for both revenue and profit, driven by continued strong expansion in its cloud computing business. The company also lifted its fiscal 2027 revenue forecast, pushing its shares roughly 10% higher in premarket trading on Wednesday. The Austin, Texas-based technology group has increasingly focused…
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Markets Watch Oil Volatility, Middle East Conflict and CPI Data; Oracle Lifts Outlook: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded slightly below the flatline on Wednesday as investors monitored the uncertain trajectory of the conflict in the Middle East. Oil prices swung following reports that the International Energy Agency could release a record volume of emergency reserves, while markets also awaited key U.S. inflation data later in the day. Meanwhile, Oracle…
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U.S. Stocks Finish Choppy Trading Day Little Changed
After recovering from an early sell-off to end Monday’s session mostly higher, stocks showed a lack of direction over the course of the trading day on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Nasdaq inched up…
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IBM and Lam Research Team Up to Advance Sub-1nm Chip Technology
IBM (NYSE:IBM) and Lam Research Corp. (NASDAQ:LRCX) have announced a five-year partnership focused on developing next-generation semiconductor processes and materials for logic scaling below the 1-nanometer threshold. The collaboration will concentrate on creating new materials, fabrication techniques and High NA EUV lithography processes aimed at advancing IBM’s long-term logic scaling roadmap. The joint effort will…
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Apple now produces about 25% of iPhones in India as it reduces reliance on China, Bloomberg reports
Apple Inc (NASDAQ:AAPL) has significantly increased iPhone manufacturing in India, highlighting the company’s efforts to diversify production away from China amid ongoing trade tensions and tariff concerns, according to a Bloomberg report published Tuesday. Apple assembled approximately 55 million iPhones in India in 2025, representing an increase of about 53% compared with roughly 36 million…
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Amazon convenes engineers to review AI-related service outages – FT
Amazon (NASDAQ:AMZN) has summoned a large group of engineers to a meeting on Tuesday to investigate a series of service disruptions tied to artificial intelligence, the Financial Times reported. According to a briefing document for the meeting reviewed by the FT, the company has observed a “trend of incidents” in recent months, characterized by a…
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AT&T plans over $250 billion investment in U.S. network infrastructure by 2030
AT&T Inc. (NYSE:T) said it plans to invest more than $250 billion over the next five years to expand its fiber and wireless network infrastructure across the United States through 2030, according to a company announcement. The telecommunications group stated that the investment will be directed toward expanding fiber networks, 5G home internet, wireless services…
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Futures climb as Trump says Iran conflict could end “very soon” – what’s moving markets: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures pointed higher on Tuesday while oil prices moved lower after President Donald Trump suggested the war with Iran, now more than a week old, may conclude “very soon.” The comments helped calm investor nerves, although Iran signaled it is prepared to keep fighting and has reportedly warned it could halt oil shipments…
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U.S. Stocks Recover From Early Sell-Off As Trump Says Iran War Could Be Over Soon
Stocks moved sharply lower in early trading on Monday but showed a substantial turnaround over the course of the session. The major averages climbed well off their worst levels and into positive territory, with the tech-heavy Nasdaq leading the recovery. The major averages surged in the final hour of trading, closing not far off their…
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Airline and cruise stocks slide as oil spike rattles travel sector
Shares of major airlines and cruise operators fell sharply on Monday as surging oil prices triggered a selloff in travel-related stocks. United Airlines (NASDAQ:UAL) dropped 6%, while American Airlines (NASDAQ:AAL) fell 5%. Delta Air Lines (NYSE:DAL) declined 4.5% and Southwest Airlines (NYSE:LUV) slipped 3.8%, as investors reacted to the sharp rise in crude prices. Oil…