Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025.Joe Raedle | Getty ImagesOracle shares enjoyed their best week since 2001 as Wall Street cheered a strong earnings report and bullish comments on the company’s prospects in cloud computing.The stock jumped about 24% for the week, with almost all the gains coming in the two trading days after the company’s quarterly earnings release. The last time Oracle had a better week was in April 2001, in the midst of the dot-com crash, when so-called dead-cat bounces were common. The prior quarter Oracle…
Author: usaeverydaylife
The Israel-Iran conflict will continue to hang over the stock market next week, as investors wait and see whether there will be an escalation in the region. Traders will also be awaiting the latest Federal Reserve meeting. Though the initial stock response to the attack was subdued, equity losses deepened on Friday afternoon. The Dow Jones Industrial Average lost more than 800 points at one point during the session as Iran launched missiles at Israel, according to Tehran and Israel Defense Forces. It closed down more than 750 points. The worsening tensions spurred a return to risk-off sentiment in the…
Commercial traffic including critical global oil trade continues to flow through the Strait of Hormuz after Israel’s attack on Iran, but maritime shipping experts say there will be ongoing risk that safety measures taken by ship owners act as a de facto Strait of Hormuz slow down, if not outright closure.The situation is very tense, according to Jakob Larsen, chief safety & security officer at the Baltic and International Maritime Council, one of the largest international shipping associations, and he said BIMCO is receiving reports that more shipowners are exercising extra caution and are opting to stay away from the…
Global artificial intelligence deals under the Trump administration this year have thrust “sovereign AI” into the limelight, bringing to life a new engine to power the AI investment cycle. While the first major wave of AI was tied to innovation spurred by private sector tech companies, Wall Street is now looking for opportunities that are tied to the growth from the public sector. These so-called sovereign AI deals involve a nation’s capabilities to produce and control its own AI infrastructure, data, regulations and networks. The term isn’t new, but analysts and investors are taking notice of the trend given U.S.…
Sometimes the hardest thing for a long-term investor to do is to sit on their hands. With stocks down Friday as investors digest the news of Israeli strikes on Iran , it’s tempting to buy the dip — or bail before things get any worse. Neither option makes sense in this moment. First, a quick recap of all the movers: The major averages are down, but perhaps not as much as one might expect given the fears the airstrikes could start a broader conflict in the Middle East. The Dow shed 1%, while the Nasdaq fell 0.6% and the S…
Caitlin Clark, #22 of the Indiana Fever, brings the ball up court during the first half of a WNBA game against the Chicago Sky at Wintrust Arena in Chicago on Aug. 30, 2024.Melissa Tamez | Icon Sportswire | Getty ImagesThe WNBA and E.W. Scripps announced on Friday a new multiyear media rights agreement to carry Friday night WNBA matchups on Ion.The new agreement also includes the “WNBA on Ion” studio show, the first weekly broadcast show dedicated exclusively to WNBA coverage.The value of the deal was not disclosed, but media reports peg the original deal that expires at the end…
This photo illustration created Jan. 7, 2025, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | Afp | Getty ImagesAI generative images of women kissing while mud wrestling and President Donald Trump eating poop are some of the conversations users are unknowingly sharing publicly through Meta’s newly launched AI app. The company rolled out the Meta AI app in April, putting it in direct competition with OpenAI’s ChatGPT. But the tool has recently garnered some negative publicity and sparked privacy concerns over some of the wacky — and personal — prompts being…
A One Medical clinic location is pictured in Emeryville, California on February 16, 2024. Loren Elliott | The Washington Post | Getty ImagesFor the better part of a decade, Amazon has been trying to carve it’s way into the U.S. health-care market, through billions of dollars worth of acquisitions, big-name hires and high-profile partnerships. It’s been a slog at times, and the company’s long-term strategy hasn’t always been clear.Following a series of executive departures, Amazon is now restructuring its health business, telling CNBC that Amazon Health Services will be divided into six new units, with a goal of creating a…
The news-related spike in oil leaves WTI crude at a difficult level where overhead supply comes into play. As seen in the chart below, oil has advanced from $55 a barrel to $77 a barrel (plus $22 a barrel… +40%), and is now back up “to the penny” to the well-defined downtrend line of the past 12 months. If one is long, we would harvest/take profits/sell calls/take measures of some kind. And for those who engage in shorting, we would sell here. (Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) DISCLOSURES: (None) All opinions expressed by the CNBC…
The S & P 500 appears pricey, but Bank of America isn’t sweating it. “The index looks statistically expensive relative to its own history on all 20 of the valuation metrics we track,” Savita Subramanian, equity and quant strategist for the firm, said in a Thursday note to clients. Subramanian said valuation multiples have grown during the relief rally seen after stocks initially plunged in the wake of President Donald Trump’s tariff policy unveiling in early April. With the S & P 500’s recovery, she said the index now trades at 21-times forward earnings, which is around 35% above its…
