Oracle shares tumble 11% on increased capital raise, cash concerns
Oracle beat on earnings and revenue, but negative free cash flow and the company’s plan to raise more capital is weighing on the stock.
As Trump sticks with Pulte, foreign surveillance program hurtles toward expiration
The U.S. House rejected a short-term extension of Section 702 of the Foreign Intelligence Surveillance Act. The surveillance authority expires Friday.
Wall Street sees one clear winner from the World Cup gambling boom
Several investment banks think DraftKings will benefit the most from the soccer tournament that kicks off Thursday.
Prometheus live updates: Bezos and Bajaj’s exclusive interview with CNBC
Prometheus is Jeff Bezos’ AI startup that launched in November with $6.2 billion in funding. Vik Bajaj is his co-CEO.
Here are Thursday’s biggest analyst calls: SpaceX, Nvidia, Tesla, Intel, Micron, Oracle, Meta, AMD & more
Here are the biggest calls on Wall Street on Thursday.
Iran threatens Elon Musk’s companies in Middle East: Iranian state media
Iran will consider all of Elon Musk’s companies in the Middle East as military targets as it retaliates against the U.S., Iranian state media reported.
Wholesale prices rose 1.1% in May, more than expected, on surge in energy
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs
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Trump says U.S. will seize Kharg Island and other ‘oil infrastructure points’
Trump said the forthcoming operations to take over Iran’s oil infrastructure, and its oil and gas markets, would be similar to U.S. actions in Venezuela.
As OpenAI leans into enterprise business, Apple and Google set sights on the masses
OpenAI’s aggressive push into the enterprise, where it competes with Anthropic, coincides with efforts by Apple and Google to bring advanced AI to consumers.