SoftBank Group shares fell sharply on Thursday after Oracle’s weaker-than-expected quarterly results renewed worries about how long it will take for massive investments in artificial intelligence infrastructure to translate into profits. The stock closed down nearly 7.7% in Tokyo, having dropped as much as 8.4% intraday, dragging the broader market lower. Oracle said its revenue […]
JPMorgan Chase is preparing another expansion step in India, setting the stage for a fresh phase of growth in a country that has become a priority for global financial institutions. As per a Bloomberg report, the bank is moving ahead with plans for a new branch in Pune, marking its first addition in almost a […]
Oracle shares dropped 11% in premarket trading on Thursday, extending the previous session’s losses after the company reported quarterly results that underscored both the promise and the pressure of its accelerating cloud ambitions. While adjusted earnings beat analyst expectations by a wide margin, revenue fell short, raising fresh questions about the sustainability of Oracle’s aggressive […]
Dow futures declined over 100 points on Thursday as Oracle’s results reignited fears about high-flying tech stocks. The futures tied to other Wall Street indices like the S&P 500 and Nasdaq were also trading in red even after the Federal Reserve’s latest interest rate cut gave a boost to US equity markets on Wednesday. While […]
Drax Group announced on Thursday that it is considering converting a section of its Yorkshire power station in northern England into a data centre as early as 2027. The project would repurpose land, cooling systems, and transformers that were previously used for coal generation, according to a Reuters report. Europe’s landscape of energy infrastructure is […]
Microsoft’s Satya Nadella has drawn global attention during his India visit, not only for a major investment pledge but also for an unexpected personal project that links artificial intelligence with one of India’s most enduring sporting traditions. While travelling, the chief executive spent his free time building a Deep Research AI app to study cricket, […]
The projected global crude oil surplus in the fourth quarter of 2025 has narrowed due to a halt in production, the International Energy Agency said on Thursday. Meanwhile, the forecast for global crude oil demand growth in 2025 has been scaled up by the IEA in its December Oil Market Report. The Paris-based agency’s December […]
Broadcom is set to report its fiscal fourth-quarter results after the market close today, with investors closely watching whether the semiconductor giant can extend a rally that has made it one of the strongest performers in the S&P 500 this year. Fueled by enthusiasm around artificial-intelligence infrastructure, the stock has surged nearly 76% year-to-date and […]
House Republicans just showed how divided they are over health care. Thursday’s Senate votes could expose the party’s strife even further. Senate Republicans know both parties’ health care proposals are doomed Thursday. But as Democrats prepare to unite behind a three-year extension of expiring Obamacare subsidies, Senate Majority Leader John Thune and Speaker Mike Johnson […]
There are two Obamacare proposals destined for failure on Thursday as the deadline to extend Biden-era subsidies inches closer, and both Senate Republicans and Democrats hope that a bipartisan path forward can be paved after the dust settles. Senate Democrats are going full speed ahead with their three-year extension of the Obamacare enhanced premium subsidies, […]