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Shares Surge 27% After Hours — Oracle Lands Major OpenAI Deal, Re-Enters Top Tier of AI Cloud
TradingKey - On Tuesday (U.S. Eastern Time), Oracle (ORCL) saw its stock soar over 27% in after-hours trading after announcing a major cloud computing contract with OpenAI, sending its Remaining Performance Obligations (RPO) — revenue from signed contracts not yet delivered — to $455 billion.
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9 minutes ago
US payrolls benchmark revision estimate suggests labor market weaker than previously thought
Revision estimate comes days after weak August nonfarm payrollsJob growth was stalling before Trump's tariffs, estimate showsBLS revision estimate linked to birth-death model problemsBy Lucia Mutikani WASHINGTON, Sept 9 (Reuters) - The U.S. economy likely created 911,000 fewer jobs in the 12 ...Reuters
3 hours ago
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
By Juby BabuSept 9 (Reuters) - Oracle ORCL.N said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively low-cost cloud infrastructure services and sending its shares up 27% after the bell. TheReuters
3 hours ago
US Supreme Court to decide legality of Trump's tariffs
Trade court said Trump exceeded powers with tariffs Administration called decision judicial overreach Trump cited longstanding trade deficit as an emergencyBy Andrew Chung Sept 9 (Reuters) - The U.S. Supreme Court agreed on Tuesday to decide the legality of Donald Trump's sweeping global tari...Reuters
3 hours ago
Nvidia Unveils Rubin CPX: A New Class of GPU Designed for Massive-Context Inference
Nvidia today announced NVIDIA Rubin CPX, a new class of GPU purpose-built for massive-context processing. This enables AI systems to handle million-token software coding and generative video with groundbreaking speed and efficiency.Rubin CPX works hand in hand with NVIDIA Vera CPUs and Rubin GPUs in
Tiger News
3 hours ago
Gold scales record peak on Fed rate-cut bets, US inflation data in focus
Gold hits record high at $3,673.95/ozTraders see a 92% chance of a 25-bp rate cut in Sept, shows CMEFedWatchUS PPI data due on WednesdayBy Anushree Mukherjee and Sarah Qureshi Sept 9 (Reuters) - Gold continued its record rally on Tuesday, buoyed by expectations of an imminent September U.S. inter
Reuters
3 hours ago
Israel attacks Hamas leaders in Qatar, Trump says he's 'very unhappy' about strike
Adds Trump commentsQatar calls Israel treacherousHamas leader's son killed in Israeli attackUS feels badly about location of attack, Trump saysTrump spoke to Israeli leader afterwardsIsraeli operation could undermine Gaza ceasefire effortsBy Andrew Mills, Jana Choukeir, Ahmed Elimam and Jeff Mas...Reuters
3 hours ago
Klarna raises $1.37 billion in US IPO, boosting fintech hopefuls
By Ateev Bhandari and Harshita Meenaktshi Sept 9 (Reuters) - Buy-now, pay-later lender Klarna said on Tuesday it has raised $1.37 billion in its U.S. initial public offering, setting the stage for a market debut that could set the trend for high-growth fintech listings.The Sequoia Capital-backedReuters
3 hours ago
Apple holds down new iPhone prices amid threats of Trump tariffs
Apple launches iPhone 17 with new A19 chip for better AI featuresIntroduces AirPods Pro 3 with live translation featureLaunches blood pressure monitor in its latest Apple WatchBy Stephen Nellis and Aditya Soni CUPERTINO, California, Sept 9 (Reuters) - Apple AAPL.O on Tuesday introduced an upgrade
Reuters
3 hours ago
Nebius Group hits record high as $17.4 billion Microsoft deal affirms expansion strategy
By Kritika LambaSept 9 (Reuters) - Nebius Group's NBIS.O shares jumped nearly 44% to $91.75 on Tuesday, touching a record high as investors cheered its $17.4-billion deal supplying AI infrastructure to Microsoft MSFT.O over a five-year period.The agreement, which could expand to $19.4 billion if...Reuters
12 hours ago
Is France the New Italy? Bond Market Selloff Sends Yield Above Greece’s, Fueling Crisis Talk
TradingKey - Five prime ministers in two years, three in one year — this is the current state of French politics. Political uncertainty is undermining the government’s ability to manage its debt burden, pushing the benchmark 10-year French government bond yield above that of Greece and close to
TradingKey
14 hours ago
Wall St set for subdued open in run-up to employment revision figures
Sept 9 (Reuters) - Wall Street futures pointed to a slightly higher open on Tuesday, a day after major U.S. indexes closed near record peaks, as investors remained cautious ahead of an impending employment rate revision.Reuters
15 hours ago
Stocks and dollar steady as traders eye key payrolls benchmark revision
SINGAPORE/LONDON, Sept 9 (Reuters) - Global stocks and the dollar steadied on Tuesday ahead of a key revision to U.S. payrolls numbers that could help shape investor thinking about the likely course of Federal Reserve policy, while gold hit a new record high.Reuters
16 hours ago
HSBC sees gradual unwinding of OPEC+ voluntary cuts over next year
Sept 9 (Reuters) - HSBC's latest oil market supply and demand model envisions OPEC+ gradually unwinding 1.65 million barrels per day in "first-phase" voluntary production cuts over a 12-month period, the bank said in a note on Tuesday.Reuters
17 hours ago
Eli Lilly launches platform for AI-enabled drug discovery
Sept 9 (Reuters) - Drugmaker Eli Lilly LLY.N said on Tuesday it is launching an artificial intelligence and machine learning platform that provides biotech companies access to drug discovery models trained on years of Lilly's research data.Reuters
17 hours ago
Shenzhen Becomes the 3rd City to Lift Housing Restrictions; Country Garden Soars 30%, Hong Kong Property Stocks Surge
TradingKey - On Tuesday, September 9, Hong Kong property stocks saw a significant rally, with the Hang Seng Mainland Properties Index (HSMPI.HK) closing up nearly 2.91%, marking its 3rd consecutive day of gains since September 5.TradingKey
17 hours ago
