Larry Ellison's net worth fell by over $10 billion after Oracle shares dropped more than 4%, amid a broader tech stock decline. This slide pushed Ellison from second to fifth-richest globally, behind Jeff Bezos and Google co-founders. Oracle's shares have fallen nearly 41% since their peak in September 2025 due to investor concerns about AI bets. Oracle is set to report earnings soon, with expectations of strong revenue and backlog growth, which may impact future stock performance.
Spot gold and silver prices fell sharply amid a U.S. inflation rate remaining above 4% in May and ongoing U.S.-Iran tensions affecting market sentiment. Gold dropped about 2.2% to near $4,165.90 an ounce, while silver declined over 1%. The persistent...
US stock markets face a key test with CPI inflation data expected above 4% and Oracle reporting earnings after the bell. Despite inflation concerns, sectors sensitive to interest rates like homebuilders and regional banks rallied, supported by bullis...
Palantir and Oracle both released earnings highlighting AI as a growth driver but with contrasting business approaches. Palantir, a capital-light software company, reported 70% revenue growth led by a 137% surge in U.S. commercial AI adoption, with r...
Oracle has been recognized as a Leader in the 2026 Gartner Magic Quadrant for Talent Acquisition Suites, highlighting its Oracle Fusion Cloud Recruiting and Recruiting Booster solutions. These AI-powered tools enhance candidate sourcing, personalized...
Oracle's shares have surged 42% since March, driven by excitement around its artificial intelligence initiatives. Investors are now focused on the company's fiscal fourth-quarter earnings call, which will provide updates on its AI progress, data-cent...
