Oracle (NYSE: ORCL) crashed as much as 14% on Thursday morning after the legacy technology company raised its guidance for AI spending, even as revenue fell short of expectations in its fiscal Q2. The giant’s $16.06 billion in quarterly revenue missed estimates by some $150 million. Still, ORCL management raised its outlook for capital expenditures […]
Bitcoin price has surged back to the $90,000 zone, but traders warn that a mix of stretched long positions, brittle macro catalysts, and mixed ETF flows could turn today’s rally into a deeper retracement. The world’s largest cryptocurrency has become a macro-sensitive asset, and the $90,000 level may prove to be more of a false […]
Investors often attribute moderating growth at Adobe Inc. (NASDAQ: ADBE) to the absence of an aggressive artificial intelligence (AI) strategy. In fact, they’ve punished it this year for not spending as ambitiously on AI as some of its software peers. However, Oracle earnings this week reinforced bubble concerns as the giant’s management raised its guidance […]
While the world’s attention has focused on Russia’s war in Ukraine and Israel’s war with Hamas in Gaza, Sudan remains the world’s largest displacement crisis, with some 12 million people driven out of their homes. ‘Sudan is under the darkest of clouds, a catastrophe that has, for far too long, been met with paralysis by […]
House Republican leaders are rushing to release a new health care package Friday, but a morning meeting with members of key GOP faction led unsettled whether to allow a floor vote on extending expiring Obamacare tax credits. Speaker Mike Johnson and other members of his leadership team want to file text of the health care […]
Photos from the estate of Jeffrey Epstein tie the late, convicted sex offender to President Donald Trump, former President Bill Clinton, tech billionaire Bill Gates and former Treasury Secretary Larry Summers. These men and others are featured in the roughly 95,000 photos the House Oversight and Government Reform Committee has received from the Epstein estate […]
The Trump administration is relying on a sharply different legal justification for seizing a Venezuelan oil tanker than striking alleged narco-traffickers, even if both moves are intended to ramp up pressure on Venezuelan leader Nicolas Maduro. Attorney General Pam Bondi on Thursday framed the U.S. seizure of a Venezuelan crude oil tanker as a straightforward […]
Speaker Mike Johnson is facing another intraparty revolt — one that has nothing to do with health care, defense policy or pay for college athletes. Johnson wants the House to vote on a bill next week from Natural Resources Chair Bruce Westerman (R-Ark.) that would accelerate the production and delivery of domestic energy. For Republicans, […]
In an exclusive interview with Fox News Digital, Liz Truss pulls back the curtain on what really happened during her 49-day reign as prime minister of the United Kingdom in 2022. The free speech advocate served just 49 days as British prime minister in 2022 before resigning amid market turmoil over her administration’s dramatic attempt […]
President Donald Trump clapped back at a report that was just released about the global artificial intelligence arms race, which claimed China has more than double the electrical power-generation capacity of the United States. Trump, in a pointed social media post on his platform Truth Social, called the report’s findings ‘WRONG,’ adding that every big […]