Oracle raised its fiscal 2026 capital expenditure forecast from $35 billion to $50 billion, with actual spending possibly reaching $56 billion, driven by a $300 billion OpenAI deal. This surge in spending has pushed Oracle's long-term debt to nearly $100 billion and total liabilities over $160 billion, causing its stock to drop 12-13% and triggering wider risk-off sentiment in tech and crypto markets. Credit markets are cautious, with rising credit default swap spreads signaling concerns about Oracle's debt load. Investors are watching Oracle's earnings closely as a key indicator for growth asset sentiment amid fierce competition in AI cloud services.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Thor Explorations produced 19,153 ounces of gold in Q2 2026 from its Segilola mine in Nigeria, maintaining its full-year production guidance of 75,000 to 85,000 ounces. The company generated $77.3 million in revenue by selling 17,050 ounces at an ave...
Angelini Pharma has finalized its $4.1 billion acquisition of Catalyst Pharmaceuticals, enhancing its footprint in the U.S. market and strengthening its global leadership in brain health and rare diseases. The deal includes significant investments fr...
Zcash (ZEC) has gained over 16% in the past week, rallying from lows near $368 to around $552 following an 11% jump in one session. This surge is driven by anticipation of the Ironwood shielded pool upgrade expected around July 28, which addresses a ...
Greenwich LifeSciences is developing GLSI-100, an immunotherapy targeting HER2-positive breast cancer, currently in Phase 3 trials. The drug showed a 70-80% reduction in cancer recurrence in Phase 2b, outperforming existing treatments with no serious...
