Oracle Sinks on Report Its Cloud Margins Are Lower Than Expected
The Oracle offices in Redwood City, California. (Bloomberg) — Oracle Corp. shares tumbled after a report that the…
Australia’s Pension Funds May Amplify Stress in Liquidity Shock
People sit on a bench at Bondi Beach in Sydney, Australia. Photographer: Brent Lewin/Bloomberg (Bloomberg) — The vast…
Asia PMIs Split as South Korea, Vietnam Weather Trump Tariffs
(Bloomberg) — Manufacturing across Asia was split last month, with activity improved in South Korea and steady in…
Alphabet’s AI Strength Fuels Biggest Quarterly Jump Since 2005
(Bloomberg) — Alphabet Inc. shares closed out their biggest quarterly gain in 20 years, the latest reflection of…
AI-Fixated Traders Pile Into Teradyne, Other Obscure Chip Stocks
With tech companies continuing to boost AI spending, the valuation of many chipmakers are increasingly expensive. (Bloomberg) —…
Dmitry Balyasny Has 3 Pieces of Advice for Young Finance Professionals
Dmitry Balyasny said chasing a big paycheck is the wrong reason to get into finance, because people who…
Chinese Industrial Profits Jump in August, Reversing Drop
(Bloomberg) — Chinese industrial profits surged after months of declines, signaling that national campaigns to tackle overcapacity and…
Apple reportedly made a ChatGPT-clone to test Siri’s new capabilities
In the pursuit of actually releasing the updated version of Siri the company promised way back at WWDC…
China’s banks face their ‘Japanification moment’, S&P report warns
China’s banks are edging towards their “Japanification moment”, as years of yielding margins to support the economy have…
Australia’s Faster Inflation Boosts Case for Slower RBA Cuts
(Bloomberg) — A gauge of Australia’s monthly inflation accelerated in August to the top of the Reserve Bank’s…
Huawei Plans Three-Year Campaign to Overtake Nvidia in AI Chips
(Bloomberg) — Huawei Technologies Co. openly admits its silicon can’t match Nvidia Corp.’s in raw power and speed.…
Key US Inflation Metric to Ease as Focus Shifts to Jobs Market
A shopper at a clothing store in downtown Detroit, Michigan. (Bloomberg) — The Federal Reserve’s preferred gauge of…