Oracle is preparing a massive capital raise of up to $50 billion to fuel its AI and cloud infrastructure expansion, alongside potential large-scale job cuts and a strategic review of its Cerner healthcare unit, marking a pivotal moment in its competition with cloud giants.
Elon Musk has reaffirmed plans for a SpaceX mission to place a Dogecoin token on the moon, sparking renewed interest in the meme cryptocurrency ahead of the company's anticipated public offering.
In a move that could redefine the economics of artificial intelligence, Elon Musk has consolidated his rocket and AI ventures. The newly merged entity, targeting a historic public offering, bets that solar-powered orbital data centers will slash AI compute costs within years, even as it navigates regulatory and ethical scrutiny.
PayPal's stock tumbled nearly 20% following a disappointing Q4 report, missing revenue and profit targets. The downturn has reignited debate about whether Elon Musk, a PayPal co-founder, might see strategic value in the payments giant for his 'everything app' ambitions with X.
General Motors is aggressively localizing its electric vehicle battery supply chain, from raw materials to finished cells, aiming to reduce costs, secure production, and compete more effectively in the North American market.
A wave of selling pressure hit the software sector Wednesday morning, dragging down shares of several prominent firms. The sell-off appears driven by investor concerns over AI's disruptive potential and a strategic shift toward companies seen as having stronger AI-integrated business models.
A wave of selling pressure hit the software sector Wednesday morning, dragging down shares of prominent SaaS providers. The sell-off reflects a broader market pivot as investors reassess holdings in light of the accelerating AI revolution, favoring firms with deeply integrated artificial intelligence capabilities over traditional software models.
Disappointing Q4 results from industry bellwether Gartner triggered a broad market selloff in the IT services and consulting sector, with shares of EXL and TransUnion among the notable decliners as investors reassess growth prospects.
In its first earnings call under new CEO Ron Lewis and CFO Daniel Rabbitt, Ball Corporation reported strong 2025 results and outlined a strategic growth runway fueled by recent acquisitions in Europe and expanded manufacturing capacity in the United States.
PJT Partners stock fell sharply after reporting fourth-quarter earnings that topped estimates but revenue that fell short of Wall Street's expectations, highlighting investor concerns over the firm's growth outlook.
Shares of Unity, Intuit, Twilio, Freshworks, and Procore Technologies led a broad decline in software stocks Thursday morning, as investors reposition portfolios amid growing uncertainty over artificial intelligence's disruptive impact.
Outdoor advertising giant Lamar Advertising has expanded its footprint in the Ohio market through the cash acquisition of Cleveland Outdoor Advertising's assets, integrating dozens of prime billboard locations into its portfolio.
Blackstone President Jon Gray warns that AI-driven disruption is a paramount concern for the $1.27 trillion asset manager, urging a focus on infrastructure investments as the safest play in the transformative trend.
New research reveals that prices at ambulatory surgery centers acquired by Optum rose by an average of 11%, potentially adding over $67 million annually to costs in affected markets, fueling the debate on healthcare consolidation.
AIxCrypto announces a dual milestone: its AIxC Hub platform has exceeded one million registered wallets, coinciding with the finalization of a $10 million strategic equity investment into EV maker Faraday Future, signaling a deeper push into blending traditional finance with digital ecosystems.
Bernstein analysts reaffirm an Outperform rating on ServiceNow, arguing the workflow software leader is trading at a relative discount to peers despite strong AI-driven growth forecasts.
Following its landmark acquisition of Comerica, Fifth Third Bancorp has solidified its position as a top regional bank, earning a 'Strong Buy' consensus from analysts who cite expanded geographic reach and robust fee income as key drivers for future growth.
SanDisk's stock has skyrocketed over 180% this year, dramatically outpacing the market. While analysts remain broadly positive, the surge raises questions about valuation and sustainability as the company capitalizes on AI-driven demand.
Souheil Badran, U.S. Bank's Chief Operations Officer, will retire this spring after a three-year tenure marked by a focus on digital transformation and client experience. The bank has activated its succession planning but has not yet named a replacement.
In a bid to fortify the broader financial ecosystem, BNY Mellon is providing free AI and technology training to executives from smaller lenders, arguing that empowering these institutions is both a duty and a strategic imperative.
