Shares of Oracle surged after the company reported stronger-than-expected fiscal third-quarter results. Oracle reported adjusted earnings per share of $1.79 for the quarter, beating Wall Street expectations of $1.70 and rising from $1.47 in the same period a year earlier. Revenue reached $17.2 billion, ahead of the consensus estimate of $16.9 billion and representing a […]
Nebius Group (NASDAQ: NBIS) rallied nearly 15% on Wednesday after the artificial intelligence (AI) infrastructure company received a massive $2 billion follow-on investment from Nvidia. The agreement ostensibly accelerates NBIS’s goal to become the premier European “AI factory”, yet a closer look reveals a circular capital flow that may be inflating the firm’s valuation. A […]
Tesla stock (NASDAQ: TSLA) rose 2.8% in intraday trading on Wednesday, climbing as high as $416.38 from Tuesday’s close of $399.24. The rally came as the investors reacted to a mix of supportive catalysts, including stronger China sales data, cooling US inflation, and renewed optimism around AI-related stocks. While the gains reflect improved sentiment around […]
House Majority Leader Steve Scalise, R-La., is hammering Democrats over the partial government shutdown as its effects begin to hit millions of travelers at airports across the country. ‘This is expected to be one of the busiest spring travel seasons on record. Over 171 million travelers are estimated to fly in the coming weeks, and […]
The Food and Drug Administration (FDA) rolled out a new platform, backed by artificial intelligence, that will streamline publicly accessible reporting of negative or unexpected health effects linked to medicines, vaccines, cosmetics, animal food and other consumer products. The FDA Adverse Event Monitoring System (AEMS) began operation Tuesday and will consolidate outdated systems used to […]
In a sharp break from his long-standing defense of the Senate filibuster, Sen. John Cornyn, R-Texas, urged Republicans Wednesday to enact ‘whatever changes’ necessary to send a Trump-backed voter ID bill to President Donald Trump’s desk before November’s midterm elections. Cornyn, who is locked in a fierce runoff against Texas Attorney General Ken Paxton, is […]
About 60% of Texas Republicans voted last Tuesday to end John Cornyn’s career in the Senate, but it wasn’t really Cornyn they were rejecting. It was the feckless, do-nothing GOP Senate leadership that makes ‘Waiting for Godot’ look like a ‘Fast and Furious.’ Texas Attorney General Ken Paxton wound up in a virtual tie with […]
President Donald Trump took a bow Tuesday night for his 5-0 record for his endorsed candidates in the Republican elections held in Mississippi and Georgia. ‘March 10th election update: 5 wins, 0 losses,’ an election night image posted to Truth Social blared. ‘President Trump endorsements 100%.’ The image hailed a 4-0 record in Mississippi (Sen. […]
U.S. forces destroyed 16 Iranian mine-laying vessels near the Strait of Hormuz Tuesday, U.S. Central Command said, in what officials described as a move to prevent Iran from disrupting one of the world’s most critical maritime choke points. The strikes come as oil traffic through the strait remains at a near standstill, threatening a corridor […]
A group of House Republicans is urging the Trump administration to choke off Russia’s profits from one of its largest energy companies as global oil prices spike. It comes as the U.S. and Israel’s conflict with Iran, one of Russia’s closest allies and another major energy producer, is threatening to spiral the market out of […]