Oracle stock jumps 9% on earnings beat and increased guidance as cloud revenue climbs 44%
[ad_1] Oracle shares rose as much as 10% in extended trading on Tuesday after the software vendor reported quarterly results that surpassed Wall Street projections and boosted its revenue guidance for fiscal 2027. Oracle sees $1.92 and $1.96 in adjusted earnings per share for the fiscal fourth quarter, with revenue growth between 19% and 20%. […]
Swedish legaltech Legora hits $5 billion valuation as investors pile money into European AI startups
[ad_1] Swedish legaltech Legora has raised $550 million at a $5.55 billion valuation in a Series D round, the company announced on Tuesday, as investors pile money into European AI startups. The round was led by Accel, with participation from existing investors Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures and Y Combinator. New […]
Volkswagen flags a tough year ahead as 2025 profit halves on tariffs, China competition
[ad_1] Scrap metal on a barge near the Volkswagen AG factory in Wolfsburg, Germany, on Tuesday, March 10, 2026. Bloomberg | Bloomberg | Getty Images Germany’s Volkswagen on Tuesday reported a sharp drop in annual operating profit and flagged another tough year ahead as the auto giant continues to grapple with U.S. tariffs and competition […]
Hims & Hers shares surge after Novo Nordisk drops patent infringement case over compounded weight loss drugs
[ad_1] Novo Nordisk has dropped its legal case against telehealth provider Hims & Hers over patent infringement, after the two companies agreed Hims would sell Novo’s branded medicines through its platform. “We have decided to drop the current court proceedings and, of course, we reserve to bring that back if need be, but I don’t […]
TSA staff shortages lead to hourslong security lines for travelers at some airports
[ad_1] A woman travelling hands her travel documents to a TSA officer at Los Angeles International Airport on May 7, 2025. Frederic J. Brown | AFP | Getty Images Travelers struggled with hours-long security lines at some airports as officials warned of Transportation Security Administration staffing shortages amid the partial government shutdown. Houston’s William P. Hobby Airport […]
KKR eyes multibillion-dollar sale of CoolIT Systems: report
[ad_1] Private equity firm KKR is working with advisers on a sale of data center cooling company CoolIT Systems for a price tag potentially exceeding $3 billion, the Financial Times reported on Sunday, citing people familiar with the matter. A potential sale of CoolIT was in the preliminary stage and there were no guarantees that it would result in […]
Iran’s president apologizes for strikes as missiles and drones pound cities – National | Globalnews.ca
[ad_1] DUBAI, United Arab Emirates (AP) — Iran’s president apologized Saturday for attacks on regional countries even as its missiles and drones flew toward Gulf Arab states, indicating that Tehran’s political leadership could not exercise full command over Iran’s armed forces. He also rejected U.S. President Donald Trump’s repeated demands for surrender. President Masoud Pezeshkian, […]
Saks Global to shutter 15 more department stores in bankruptcy restructuring
[ad_1] NEW YORK — The parent company of Saks Fifth Avenue and Neiman Marcus is closing more department stores as it focuses on its most profitable businesses and trims debt during its Chapter 11 bankruptcy restructuring. Saks Global Inc. said Friday it will close 12 more Saks Fifth Avenue stores and three more Neiman Marcus […]
Zealand’s stock falls 35% after disappointing drug result. Its CEO tells CNBC people need to focus less on the ‘weight loss Olympics’
[ad_1] Wegovy is produced by pharmaceutical company Novo Nordisk and has been approved for specifically for chronic weight management in adults and adolescents. (Photo by Steve Christo – Corbis/Corbis via Getty Images) Steve Christo – Corbis | Corbis News | Getty Images The chief executive of drugmaker Zealand Pharma sought to calm investors about the […]
MrBeast’s company fired video editor after Kalshi accused employee of insider trading
[ad_1] NEW YORK — Beast Industries fired a MrBeast video editor this week following accusations of insider trading by the prediction market operator Kalshi. Kalshi announced last month that a user who traded about $4,000 on streaming markets related to MrBeast videos with “near-perfect” success turned out to be an employee of Beast Industries who […]