News of New York

Oracle's Cloud Revenue Soars by 45% But Fails to Meet Expectations - Shares Drop in Extended Trading
10 March 2023
3696
Oracle report and shares Oracle Corp. has reported its fiscal third-quarter revenue, which increased by 18% to $12.4 billion, a figure that is just shy of analysts' average estimate of $12.41 billion. The company's cloud revenue segment, which it h...
US stock markets close mixed on Tuesday: The S&P 500 index closed down for the fifth consecutive time
15 June 2022
4455
Tuesday trading US stock indices closed mostly negative, a day before the Fed's expected 75 basis point rate hike. The Dow-30 and S&P500 fell for the fifth straight day, the longest streak since January. At the close on the New York Stock Excha...
US market this week: company reports, US inflation data
7 March 2022
3289
Report timetable The S&P 500, Nasdaq Composite and Dow Jones indices ended Friday's trading down -0.79%, -1.66% and -0.53%. The Consumer Discretionary Sector, Financials Sector and Information Technology Sector were the worst performers. The st...
Apple reaches a capitalisation of $3 trillion
4 January 2022
4405
Apple's capitalisation Apple (AAPL) hit the $3 trillion mark in trading on Monday. The highest value on the US stock market today. Wall Street analysts point to Apple's record cash flow figures and share buyback programme on the list of arguments fo...
Oracle shares up 10%
10 December 2021
3335
A great quarter for Oracle Oracle (ORCL) continues to benefit from growth in cloud services. Oracle's Q2 FY2022 revenue and earnings report was above market analysts' estimates for Q3. 2022 and Oracle's outlook for Q3 w...
Oracle expands its network of data centres
13 October 2021
6362
New data centres around the world Oracle (ORCL) plans to open 14 data centres over the next year, the fastest growth of any major cloud company. Oracle shares have risen 47.3% since the start of the ...
Salesforce shares after hitting price highs and raising forecasts
24 September 2021
4015
The state of the company's stock Salesforce (CRM) stock rose 7 percent on Thursday after the company raised its sales forecast for 2022 and 2023. Several analysts have raised ...
Oracle is running out of revenue as it increases its investment in cloud technology
14 September 2021
3974
Oracle's report Oracle (ORCL) shares fell 1.9 percent after the report as the company reported quarterly earnings below analysts' average expectations. Oracle continues to grow its cloud business by increasing inve...
Oracle and Roblox among premarket losers' pack
16 June 2021
4148
Falling on the premarket Oracle shares fell 5.1% on the New York Stock Exchange's premarket after Oracle predicted its earnings for the current quarter would be below expectations as it ramps up investment in its cloud computing business to&nbs...
Oracle shares fell after report due to higher capital expenditure
16 June 2021
4049
Falling company shares Oracle shares fell 4.6% after Tuesday's close as the company announced it would double its capital investment in cloud services this fiscal year to nearly $4bn. This will have an impact on earnings. Oracle (ORCL) on...
Intel unveils its flagship 3rd generation Xeon Scalable data centre chip
8 April 2021
6410
New chip with artificial intelligence Intel on Tuesday unveiled its "new scalable chip with embedded artificial intelligence", the 3rd generation Xeon Scalable, which can be used in local servers, peripheral computing devices, da...
Google wins in decade-long legal fight with Oracle
7 April 2021
3972
Ten-year trial The US Supreme Court ruled on Monday that Google's use of some 11,500 lines of Java code from Oracle for Android is fair use and does not violate copyright law. Shares in Alphabet (GOOGL, GOOG), Google's parent company, rose 4.2% on ...
Oracle's quarterly report beat Wall Street estimates
12 March 2021
3609
Oracle's report and forecasts Oracle shares fell on Wednesday after the close of trading as the company gave a fourth-quarter outlook below analysts' expectations. However, Oracle's revenue and profit growth accelerated in the third quarter and the ...
The U.S. postponed the day to sell the American TikTok business
16 November 2020
3516
TikTok business The Committee on Foreign Investment in the United States (CFIUS) has postponed the deadline for Chinese ByteDance (BD) to sell U.S. transactions of its popular short video-sharing service TikTok for another 15 days, The Wall Street J...
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Instagram
30 Mention
Netflix
18 Mention
X (Twitter)
13 Mention

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