Oracle Tops Sales Estimates as AI-Frenzy Spurs Cloud Demand
Oracle Corp. reported quarterly revenue that topped estimates, signaling the software maker’s cloud business is benefiting from heightened
2023-06-13 04:57
Cruise Stocks Climb as Wall Street Sees Strong Booking Demand
A trio of cruise-line operators jumped on Monday as analysts at Bank of America Corp. and JPMorgan Chase
2023-06-13 04:50
Instant Pot and Pyrex Maker Instant Brands Files for Bankruptcy
Instant Brands, maker of the Instant Pot pressure cooker and Pyrex glassware, filed for bankruptcy on Monday after
2023-06-13 04:47
AI Hype Starting to ‘Smell Like Dot-Com Era,’ ESG Veteran Says
The exuberance surrounding artificial intelligence has driven a lot of capital into a small corner of the market
2023-06-13 03:28
US Junk-Bond Maturities Shrink to Record Low as Debt Mountain Grows
US junk bonds have the shortest average time to maturity on record, signaling that companies will have large
2023-06-13 01:54
Carson Block’s Latest Short Bet Is Burned by Novartis M&A Deal
Carson Block’s Muddy Waters wager against a hedge-fund favorite, Chinook Therapeutics Inc., took a hit Monday after Novartis
2023-06-12 23:46
Panel to Discuss If There’s a Successor for Credit Suisse’s CDS
The panel that oversees the credit-default swap market, the Credit Derivatives Determinations Committees, will discuss whether there’s a
2023-06-12 20:52
Turkish Stocks Soar to Record High on Hopes of Policy Shift
Turkish stocks surged to record highs, while the lira remained at all-time lows, as the appointment of two
2023-06-12 20:51
Eskom Latest: Mozambique Supplies 100MW; Respite From Outages
Mozambique will supply electricity-starved South Africa with 100 megawatts of power immediately and an additional 600 megawatts in
2023-06-12 20:46
India Inflation Cools Faster Than Expected to 4.25% in May
India’s retail inflation cooled faster-than-expected in May, providing relief to policymakers even as risks from an uneven monsoon
2023-06-12 20:22
Nasdaq to Purchase Adenza From Thoma Bravo for $10.5 Billion
Nasdaq Inc. agreed to buy financial-software maker Adenza from its private equity owners in the exchange operator’s biggest-ever
2023-06-12 20:16
The AI boom is here. Is it too late to invest?
Wall Street has a lot to worry about -- recession and war in Europe, interest rate hikes, sticky inflation, and a softening US economy. But there's at least one sector of market euphoria keeping investors optimistic: artificial intelligence.
2023-06-12 19:51