Tag: NYSE:ORCL
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Nike Cuts Jobs at Converse, Ilya Sutskever Departs from OpenAI, WBD Increases Buyback Offer, and More News
Nike (NYSE:NKE) – Converse, a Nike subsidiary, will cut jobs as part of its ongoing $2 billion cost reduction plan. Nike, affected by cautious consumer spending, will reduce product supply and management layers, along with facing job cuts in its operations. OpenAI – Ilya Sutskever, co-founder and chief scientist of OpenAI, is leaving the company…
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Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News
Coca-Cola (NYSE:KO) – Coca-Cola has signed a new five-year contract, worth US$1.1 billion, with Microsoft (NASDAQ:MSFT), utilizing its cloud computing and artificial intelligence services, including Azure OpenAI. The agreement aims to enhance Coca-Cola’s productivity with tools like Microsoft’s Copilot. Apple (NASDAQ:AAPL) – Apple announced an event on May 7, with no details revealed, but rumors…
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Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News
Apple (NASDAQ:AAPL) – Apple plans to invest over $250 million to expand its operations in Ang Mo Kio, Singapore, with two buildings acquired in 2022 undergoing a major upgrade. CEO Tim Cook emphasized the importance of connecting with the local community. Oracle (NYSE:ORCL) – Oracle announced on Wednesday an investment of more than $8 billion…
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Fisker’s Shares Take a Hit Amid Speculation of Bankruptcy, Altria Divests from AB InBev to Fund Stock Repurchase Initiative
Fisker (NYSE:FSR) – Shares of the electric vehicle startup fell 39.71% in pre-market trading, following a Wall Street Journal report that Fisker hired restructuring consultants as part of preparations for a possible bankruptcy filing. At the end of February, Fisker admitted to having doubts about its ability to continue operating, as it faced difficulties in…
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Quiet Economic Day May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the substantial rebound seen in the previous session. A lack of major U.S. economic data may keep some traders on the sidelines ahead of the release of several key reports…
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Mixed Futures Amidst Quiet Economic Schedule; Oil Prices Climb
U.S. index futures displayed varied behavior on Wednesday, following significant gains in the previous session that led the S&P 500 to close the day at a historic high, driven by consumer inflation data that met expectations. With a light economic schedule and the U.S. earnings season nearing its end, Dollar Tree (NASDAQ:DLTR) is scheduled to…
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Oracle Soars 13% With Exceptional Growth and Boosts Nvidia Shares With Collaboration Announcement, and More
Nvidia (NASDAQ:NVDA) – Nvidia shares are up 1.7% in Tuesday’s pre-market, driven by Oracle‘s (NYSE:ORCL) emphasis on its importance in the artificial intelligence market. After Monday’s close, Oracle announced a new cloud computing infrastructure deal with Nvidia. Nvidia shares closed lower on Monday, but Oracle CEO Safra Catz indicated a promising collaboration in an earnings…
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Sam Altman Rejoins OpenAI Board; Coinbase, MicroStrategy Surge Pre-Market Amidst Bitcoin’s Latest Milestone
OpenAI – Sam Altman, CEO of OpenAI, returns to the board along with three new directors, following a WilmerHale investigation into his dismissal last November. The company has strengthened its governance rules and conflict of interest policy, with unanimous board support. Coinbase (NASDAQ:COIN), MicroStrategy (NASDAQ:MSTR), Marathon Digital (NASDAQ:MARA) – In pre-market trading, Coinbase registers a…
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Illumina’s Grail Divestment, Arm’s China Layoffs, IBM’s Software AG Acquisition, and More
U.S. index futures started the week in positive territory on Monday, after the three major indices recorded seven consecutive weeks of gains. At 5:10 AM, Dow Jones futures (DOWI:DJI) rose 64 points, or 0.17%. S&P 500 futures rose 0.21%, and Nasdaq-100 futures rose 0.12%. The yield on 10-year Treasury bonds was at 3.898%. In the…
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Hasbro Job Cuts, Oracle’s Stock Decline, Google’s Epic Antitrust Loss, and More
U.S. index futures were slightly up in pre-market trading this Tuesday, focusing on consumer inflation and the Federal Reserve meeting. Expectations for rate cuts by the Fed next year have decreased, with the markets foreseeing a 45% chance of a cut in March, down from 57% the previous week, according to the CME FedWatch tool.…