Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year
Databricks says it’s signing up more big customers, and existing clients are spending more.
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 shares hit a record.
Fed holds rates steady, indicates only one cut coming this year
The Federal Reserve on Wednesday released its decision on interest rates following this week’s policy meeting.
The Federal Reserve holds interest rates steady — here’s what that means for your money
The Federal Reserve will keep rates where they are, for now — here’s what that means for your credit card, mortgage rate, auto loan and savings account.
At Stellantis investor day, cost cuts and China come into focus
Stellantis has aggressively cut operations under Tavares, with some executives describing the measures as difficult or grueling.
Biden cheers cooling inflation ahead of key Fed interest rate decision
The consumer price index showed that prices did not rise in May, marking the first time since July 2022 that the month-over-month rate was flat.
Bank of America gets more bullish on this chip stock that will power Apple’s AI transformation
The Wall Street firm noted this buy-rated chipmaker is an ‘indispensable and reliable partner’ to the iPhone maker.
Here’s the inflation breakdown for May 2024 — in one chart
Inflation declined to a 3.3% annual rate in May 2024, according to the consumer price index.
