The US Consumer Price Index (CPI) report for August is expected to show persistent inflation pressures, with headline CPI projected to rise 3.4% year-over-year and monthly CPI growth accelerating to 0.4%. Rising energy costs, including diesel surpassing $6 per gallon and crude oil topping $100, are key drivers. This data is critical ahead of the Federal Reserve's upcoming meeting, where a 25-basis-point rate hike is widely anticipated to combat inflation. Treasury yields have risen sharply, reflecting market concerns about inflation and fiscal health, increasing pressure on the Fed to maintain a restrictive monetary policy stance.
Oracle's Q1 revenue grew 30% year-over-year, driven by a 121% increase in Cloud Infrastructure services and strong bookings totaling $664 billion. The company benefits from AI-related demand, though it carries elevated leverage with a debt-to-equity ...
OpenAI revealed it achieved roughly $50 billion in annualized revenue by the end of September, which is lower than the $68 billion figure widely reported earlier. The higher figure included gross revenue from OpenAI's partners, making direct comparis...
Shares of CoreWeave, Nebius, and Oracle fell significantly due to concerns about their heavy borrowing to finance AI infrastructure expansion. CoreWeave led the decline with a 7% drop, followed by Nebius down 6% and Oracle down 5%, while broader clou...
SpaceX, Broadcom, and Oracle are all pursuing tens of billions of dollars in long-term debt to finance the purchase of AI chips that will likely become obsolete before the loans mature. SpaceX plans to borrow about $40 billion directly, while Broadco...
Oracle reported a 30% year-over-year revenue increase in Q1 to $19.35 billion, surpassing expectations and accelerating from the previous quarter. The growth was fueled by strong demand for infrastructure services and $30 billion in new AI contracts ...
