Oracle stock roared 40% higher on Wednesday after reporting gobsmacking cloud demand numbers, setting the company on track for a historic gain. The cloud giant is on pace for its best day since 1992, and is now quickly approaching the $1 trillion market cap benchmark. Oracle is now at $950 billion. The company said Tuesday…
Wells Fargo CEO Charles Scharf said Wednesday that while corporations and higher-income consumers are thriving, lower income Americans are struggling to stay afloat. The bank’s data shows that “companies are in really great shape” and spending among all income levels has been steady, but there are signs of stress among lower earners, Scharf said in…
Wholesale prices surprisingly fell slightly in August, providing breathing room for the Federal Reserve to approve an interest rate cut at its meeting this month, according to a Bureau of Labor Statistics report Wednesday. The producer price index, which measures input costs across a broad array of goods and services, fell 0.1% for the month,…
LONDON — European stocks opened higher on Wednesday as investors assessed the latest trade news, corporate earnings and inflation data. The pan-European Stoxx 600 was 0.5% higher by 11:56 a.m. in London (6:56 a.m. ET), with most sectors and all major regional bourses in positive territory. Looking at individual stocks, shares of Danish pharmaceutical giant…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 14, 2025. Brendan McDermid | Reuters With the desire to have private market exposure alongside publicly traded stocks gaining traction among investors, Morningstar has developed a benchmark to reflect the trend. The Morningstar PitchBook US Modern Market…
U.S. Senator Ted Cruz (R-TX) speaks during a press conference at the U.S. Embassy, in Mexico City, Mexico, Aug. 29, 2025. Eloisa Sanchez | Reuters A new bill from Senate Commerce Chair Ted Cruz, R-Texas, would take a step toward regulating artificial intelligence when it comes to the ability for companies to develop new services….
A Polish air force F-16 is flanked on either side by Dassault Rafale fighter jets as they perform a flyover during the National Army Day military parade in Warsaw, Poland, on August 15, 2025. Nurphoto | Nurphoto | Getty Images Poland’s military on Wednesday decried an “unprecedented violation” as the country’s airspace was breached by…
US President Donald Trump and Indian Prime Minister Narendra Modi attend “Howdy, Modi!” at NRG Stadium in Houston, Texas, September 22, 2019. Saul Loeb | Afp | Getty Images U.S. President Donald Trump and Indian Prime Minister Narendra Modi voiced optimism about reaching a trade deal on Tuesday, softening rhetoric after months of friction over…
A concept car shows off Qualcomm’s auto technology. The car was on display at the Qualcomm booth at the IAA Mobility show in Munich on September 9, 2025. Arjun Kharpal | CNBC Qualcomm’s self-driving technology developed alongside BMW is expected to spark significant interest from other automakers keen to licence the system, the CEO of…
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty Images Danish pharmaceutical giant Novo Nordisk on Wednesday announced plans to cut roughly 9,000 roles. “Novo Nordisk today announced a company-wide transformation to simplify its organisation, improve the speed of decision-making, and reallocate resources towards the…
