Oracle stock continued its strong freefall this week, reaching its lowest level since April last year. ORCL has slumped by over 62% from its all-time high, with Larry Ellison’s net worth plunging by $60 billion this year to $187 billion. It has become one of the top laggards in the AI space. Oracle stock has… Continue reading Oracle stock drops below crucial support as its bond yields jump: now what?
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IBM shares fall 23%: CEO says Q2 earnings fell short as customers spent more on AI
International Business Machines shares plunged more than 23% on Tuesday, marking their steepest single-day decline in decades after the technology company released preliminary second-quarter results that fell short of Wall Street expectations. The hardware, software, and consulting company reported adjusted earnings of $2.93 per share on revenue of $17.2 billion, missing analysts’ expectations of earnings… Continue reading IBM shares fall 23%: CEO says Q2 earnings fell short as customers spent more on AI
Figma stock forms a rare double-bottom pattern: is a rebound coming?
Figma stock has staged a modest comeback in the past few days, moving from a record low of $16.80 to the current $23.65. This rebound may continue in the coming weeks after the stock formed a double-bottom pattern and as its earnings report looms. Figma stock technical analysis points to more gains The daily chart… Continue reading Figma stock forms a rare double-bottom pattern: is a rebound coming?
New York halts large data centre development with one-year moratorium
New York became the first US state on Tuesday to halt the construction of large new data centres, introducing a one-year moratorium as concerns grow over the impact of facilities supporting the artificial intelligence boom. The temporary ban places New York at the center of a broader national debate over how to manage the rapid… Continue reading New York halts large data centre development with one-year moratorium
Goldman Sachs stock soars after massive earnings beat shocks Wall Street
Goldman Sachs reported record quarterly revenue and earnings per share on Tuesday as booming equities trading, stronger underwriting activity and rising asset-management fees propelled second-quarter profit well beyond Wall Street expectations. The New York-based bank generated net revenue of $20.34 billion in the three months through June, up 39% from a year earlier. Net earnings… Continue reading Goldman Sachs stock soars after massive earnings beat shocks Wall Street
FTSE indexes edge lower despite energy sector gains from rising oil prices
The UK’s main stock indexes traded lower on Tuesday as escalating tensions between the United States and Iran dampened investor sentiment. Losses in financial and travel stocks outweighed gains in the energy sector, where oil major BP advanced after indicating that higher oil prices and stronger trading performance would support its second-quarter earnings. By 1024… Continue reading FTSE indexes edge lower despite energy sector gains from rising oil prices
Here’s why Nio stock is pumping in the premarket today
Nio stock has pulled back sharply in the past two months, moving from a high of $6.98 in May to a low of $4.66. It has stabilized recently, rising to $5.13 in the premarket session today. This rebound may continue as Chinese EV exports and its growth momentum continue. Nio’s business is doing well as… Continue reading Here’s why Nio stock is pumping in the premarket today
Top 2 reasons why Watches of Switzerland share price is soaring
Watches of Switzerland share price continued rising today, reaching its highest level since July 2023, helped by its strong earnings report and the rising hopes that it will be acquired. WOSG jumped to 779p, up by 138% from its lowest level in 2025. Watches of Switzerland share price jumps amid takeover rumors WOSG stock has… Continue reading Top 2 reasons why Watches of Switzerland share price is soaring
Samsung explores US ADR listing after SK Hynix’s record Nasdaq debut: report
Samsung Electronics is exploring the possibility of listing American Depositary Receipts (ADRs) in the United States, Bloomberg reported on Tuesday. According to the report, the South Korean technology giant has begun preliminary discussions with investment banks about a potential ADR offering, although the talks remain at an early stage and may not ultimately lead to… Continue reading Samsung explores US ADR listing after SK Hynix’s record Nasdaq debut: report