Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesLarry Ellison turned 80 last month. It’s been a celebratory year.While fellow legacy tech players Intel and Cisco struggle to find their footing in a world driven increasingly by the promise of artificial intelligence, Oracle has emerged as a Wall Street darling.Following a better-than-expected earnings report after the close on Monday, the stock popped 11% on Tuesday. It gained more steam on Wednesday, closing at a record $157.10. Oracle has seen…
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Nikki Doucet, the CEO of the English women’s professional game, says moving the Women’s Super League (WSL) and Championship’s streaming platform to YouTube will grow the game’s reach.Doucet also confirmed there is a “long-term” timeframe to pay back the £20million ($25.2m) loan provided by the Premier League to Women’s Professional Leagues Limited (WPLL, previously NewCo), and said her job was to find more owners like London City Lionesses’s Michele Kang to invest in clubs and drive revenue.The WSL and Championship’s YouTube channels have replaced the FA Player as the divisions’s primary streaming service for the 2024-25 season, with all non-televised…
Don’t get caught up in the debate on large-cap versus small-cap stocks — the real Goldilocks opportunity lies in mid-cap stocks, according to Goldman Sachs. The firm anticipates that the S & P 400 MidCap Index will notch 13% returns over the next 12 months, aided by a combination of low starting valuations and solid economic growth in 2025. Historical trends also support the mid-cap benchmark outperforming: It has recorded an 11% compound annual growth rate since 1985, versus 9% for the S & P 500 and 8% for the small-cap Russell 2000 , according to strategist Jenny Ma. “Today,…
Norfolk Southern CEO Alan Shaw testifies at a hearing before the Senate Environment and Public Works Committee on protecting public health and the environment in the wake of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio in Washington, D.C., the United States, March 9, 2023.Aaron Schwartz | Xinhua News Agency | Getty ImagesNorfolk Southern’s board is investigating whether CEO Alan Shaw had an inappropriate relationship with the company’s top-ranking lawyer, according to several people with direct knowledge of the board’s thinking, which could create a leadership vacuum at one of the country’s largest railroads.The probe comes…
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024.Justin Merriman | Bloomberg | Getty ImagesTOKYO — U.S. opponents of a Japanese steelmaker’s $14.9 billion bid for U.S. Steel cite concerns about national security and a reluctance to relinquish a storied American company. In Japan, the business community sees election-year politics at play.President Joe Biden is preparing to formally block the proposed takeover of U.S. Steel by Nippon Steel, two people familiar with the matter confirmed to NBC News last week, over what he says are national security concerns.That could complicate efforts to strengthen ties with Japan, a…
Tyreek Hill called for a Miami-Dade police officer to be fired after the Miami Dolphins wide receiver was detained during a traffic stop outside Hard Rock Stadium on Sunday.In a statement released on behalf of Hill, attorney Julius Collins said he and his client “are of the opinion that the officer’s use of force was excessive, escalating and reckless.” The officer, who the police department identified as 27-year veteran Danny Torres, according to the Associated Press, was placed on administrative duties while an investigation takes place.Police pulled Hill over on his way to the stadium Sunday for the Dolphins’ season…
Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November.That’s a view many crypto investors are coming to accept, as the wave of optimism spurred by former President Donald Trump’s pro-crypto overtures this summer starts to recede.”Do I think we’ll be in the six figures by 2025? Almost certainly. Do I think we’ll be in the six figures regardless of who wins? Almost certainly,” said Steven Lubka, head of private clients and family offices at Swan Bitcoin. “Bitcoin has always been an investment that is…
Investors returned to Nvidia stock Wednesday after CEO Jensen Huang made a compelling case at a major tech gathering for the innovation he strives for and the competitive moat he’s built. “AI is not about a chip. AI is about an infrastructure,” the founder of the artificial intelligence chip powerhouse said at the Goldman Sachs Communacopia + Technology Conference in San Francisco. That’s perhaps the single most important thing for investors to understand. Nvidia is not a traditional semiconductor company — at least not in the way we’ve thought about it in the past or currently think about other chip…
Financials have been on a tear lately, and some stocks in the space could break out. The S & P 500 financial sector has advanced more than 16% this year and nearly 4% over the past month. It’s also jumped 7% during the third quarter, outperforming the S & P 500’s 0.3% increase. The sector has derived optimism from an expected Federal Reserve rate cut later this month, with many anticipating the U.S. economy to stave off a potential recession. If history is any indication, lower rates should give banks a boost. Wells Fargo noted that banks fall an average…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJohn Colantuoni, internet equity research analyst at Jefferies, joins CNBC’s Kelly Evans to talk about the online travel companies and his outlook for the broader travel sector. Source link
