Oracle shares jump on Google and OpenAI deals despite earnings miss
Oracle is allocating capital for data center construction to meet demand from OpenAI, and it's bringing its trademark database to other public clouds.
Larry Ellison is $19 billion richer after Oracle shares rally the most since 2021
Larry Ellison's 42% stake in Oracle has made him one of the richest people in the world, and his value continues going up as stock...
Broadcom beats earnings estimates, announces 10-for-1 stock split
Broadcom announced a 10-for-1 stock split and beat earnings estimates for the second fiscal quarter.
War, what war? Putin looks to woo new business partners willing to overlook its invasion of Ukraine
The days of scores of Western business leaders and heads of state attending the St. Petersburg International Economic Forum are long gone.
U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%
Nonfarm payrolls were expected to increase by 190,000 in May, according to economists surveyed by Dow Jones.
Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles
Speaking at the St. Petersburg International Economic Forum (SPIEF), Putin said countries "friendly to Russia" were the ones that deserved special attention.
Here’s where the jobs are for May 2024 — in one chart
Job growth in May came out surprisingly strong, pushing back on lingering fears of a broader economic slowdown.
Jobless rates rise in May for all racial groups except white Americans
The unemployment rate for white Americans held steady from April to May but rose for all other demographic groups last month.
Market backs off on hopes for interest rate cuts following strong jobs report
The data at the very least adds to the narrative that the Fed doesn't have to be in a rush to lower interest rates.