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Oracle blew past earnings expectations and grew its contract pipeline to $638 billion, but Wall Street is concerned about its rising AI costs.
Source
MarketWatch
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Gold fell for a third day after the US launched fresh strikes against Iran, threatening to extend the war that’s roiled global markets and stoked inflation fears.
Fonterra Cooperative Group remains unsure how much rising fuel prices will impact the company and its suppliers in the 12 months ahead, according to Chief Executive Officer Richard Allen.
Former Federal Reserve Governor and former Wells Fargo chair Betsy Duke analyzed the recent inflation data, noting that headline and core inflation figures came in as expected but remain concerning for everyday consumers. She emphasized that while the Federal Reserve committee is unlikely to take immediate action at the next meeting, the persistent rise in living costs—especially energy prices—continues to outpace wage growth, creating financial strain for many households. She speaks with Romain
Oil jumped, while US stock futures declined after American forces started new strikes on Iran, putting further strain on a fragile ceasefire and threatening to prolong the conflict in the Middle East that’s upended global markets.
