Oracle beats on earnings, but stock drops on plans to raise another $20 billion
Oracle topped quarterly expectations, but free cash flow is negative, and the company plans to raise more capital for data center projects.
USDA’s Rollins called screwworm a ‘little pest’ amid U.S. spread. Last year, she called it ‘terrifying’
The U.S. agriculture secretary is downplaying the threat posed by the spreading screwworm now compared with her more dire remarks last year.
Trump says ‘I love the inflation’ after consumer price index hits 3-year high
President Trump suggested that inflation would drop when the U.S. war against Iran ends, and said, “We’ve been taking out millions of barrels of oil.”
Company that bet big on Trump-backed crypto says its fortunes have improved
AI Financial Corp. says it has mitigated some of the concerns that prompted it to say earlier that it may not be able to stay in business.
Trump signs $70 billion immigration funding bill after months of delay
The $70 billion package will fund Immigration and Customs Enforcement and Customs and Border Protection through the end of President Donald Trump’s term.
Amazon trucking expansion sparks freight stock sell-off
Amazon has been spinning out more of its in-house logistics offerings for others to access, posing a growing threat to industry incumbents.
Consumer prices rose 4.2% annually in May, highest in three years
The consumer price index was expected to show a 4.2% gain from a year ago, according to the Dow Jones consensus estimate.
AI will help young workers ‘mature’ faster by automating grunt work, Thoma Bravo says, amid youth job crisis
“If you look at our associates, they’re spending a lot less time doing models or comparables than before,” Orlando Bravo, founder of Thoma Bravo, told CNBC.
Weekly mortgage demand surges nearly 11% higher, despite volatile interest rates
Mortgage demand from both current homeowners and potential buyers rose sharply, even though interest rates climbed as well.
What next for BP? Leadership exits test investor confidence in board oversight
An executive exodus at BP has sparked intense scrutiny from investors.
