Oracle Shares Drop As $50bn Fundraising And Layoff Talk Rattle Investors Amid AI Demand Surge

Shares of Oracle fell around three percent in premarket trading after the company unveiled plans to raise up to $50 billion while analysts flagged potential large-scale workforce reductions. The technology giant said it intends to generate between $45 billion and $50 billion in gross cash proceeds during 2026 to expand data center capacity for contracted…

Read More
Goldman Sachs

Goldman Sachs Surpasses Q4 Profit Expectations With $14.01 EPS, Beating Estimates

Goldman Sachs reported fourth-quarter profit that exceeded expectations, driven by strong equities trading and asset and wealth management. The bank announced earnings of $14.01 per share, compared with a $11.67 per share estimate from LSEG analysts. Revenue reached $13.45 billion, slightly below the $13.79 billion forecast. Profit rose 12% from a year earlier to $4.62…

Read More

Treasury Secretary Scott Bessent Says No Restrictions Planned for Children’s New “Trump Accounts”

Treasury Secretary Scott Bessent has confirmed that children who qualify for the newly created “Trump accounts” will have full control over how the funds are used once they turn 18. Speaking on CBS News’s “Face the Nation,” Bessent described the program as a generational investment mechanism designed to give every child a stake in America’s…

Read More