Oracle pops nearly 13%, leading bounce back rally in software stocks
Oracle has lost more than a fifth of its value this year on AI disruption concerns.
BlackRock raises view on U.S. stocks on belief that war is over, profits are up
The firm, which manages $14 trillion for clients, said in its weekly market note that it raised the rating a notch to overweight from neutral.
Wall Street still loves streaming, but are its affections well placed?
While streaming continues to drive media stocks, especially around quarterly earnings, it’s not clear when it will start driving profits for smaller players.
LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war
The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese consumers.
Intel’s stock on historic 9-day winning streak, up 58% over that run
The U.S. chipmaker has announced recent deals with Google and Elon Musk as it continues to gain investments.
OpenAI touts Amazon alliance in memo, says Microsoft has ‘limited our ability’ to reach clients
In an internal memo, OpenAI’s new revenue chief pointed to the artificial intelligence company’s ongoing effort to reduce its reliance on Microsoft.
Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested
European leaders welcome the election of a pro-EU candidate while Russia and the U.S. lose an ally after the defeat of Viktor Orbán.
Why the economy could be spared 2022-style inflation despite high oil prices
Investors should be cautious about interpreting the rise in energy costs as a sustained driver of inflation, according to one fund manager.
Goldman Sachs tops estimates on record equities trading
Goldman Sachs posted record equities trading revenue for the first quarter, helping propel the overall firm to its second-highest quarterly revenue.
