(RTTNews) - A U.S. district judge has given the green light for a proposed $38 billion settlement tied to Visa Inc. (V) and Mastercard Incorporated( MA), stemming from a long-standing antitrust lawsuit filed by over 12 million merchants concerning credit card processing fees.
(RTTNews) - A U.S. district judge has given the green light for a proposed $38 billion settlement tied to Visa Inc. (V) and Mastercard Incorporated( MA), stemming from a long-standing antitrust lawsuit filed by over 12 million merchants concerning credit card processing fees.
Oil jumped after the US started new strikes on Iran, putting further strain on a fragile ceasefire and threatening to prolong the conflict in the Middle East that’s upended global markets. West Texas Intermediate crude surged as much as 2.6% to $92.39 a barrel after closing more than 2% higher in the previous session. Brent settled near $93. The US military said it launched strikes on “ multiple ”...
Oil jumped after the US started new strikes on Iran, putting further strain on a fragile ceasefire and threatening to prolong the conflict in the Middle East that’s upended global markets. West Texas Intermediate crude surged as much as 2.6% to $92.39 a barrel after closing more than 2% higher in the previous session. Brent settled near $93. The US military said it launched strikes on “ multiple ” targets for the second day after President Donald Trump accused Iran of dragging out talks on an interim peace deal. Tehran said it would stand firm against any threat. The fresh US attacks follow strikes on Tuesday in retaliation for the downing of an American helicopter off Oman. Renewed hostilities threatens to extend the near-closure of the Strait of Hormuz, which has choked off supplies of crude, fuels and natural gas since the start of the war in late February. Separately, US government data on Wednesday showed US crude inventories fell by 7.2 million barrels last week, extending declines for a seventh week. Supplies at Cushing, Oklahoma, also dropped slightly. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for July delivery was 2.5% higher at $ 92.24 a barrel at 6:03 a.m. in Singapore. Brent for August settlement closed 1.8% higher at $93.10 a barrel on Wednesday.
Robinhood Markets (NASDAQ:HOOD), a commission-free trading platform for stocks and crypto, closed Wednesday at $86.36, up 3.09%. The stock moved higher after CEO Vlad Tenev said it had regulatory approval to underwrite IPOs.
Robinhood Markets (NASDAQ:HOOD), a commission-free trading platform for stocks and crypto, closed Wednesday at $86.36, up 3.09%. The stock moved higher after CEO Vlad Tenev said it had regulatory approval to underwrite IPOs.
Anushka Gupta, Head of Americas at Goldman Sachs Apex, to discuss the market developments on a Wednesday afternoon. The conversation centers around the recent decline in stock prices triggered by escalating tensions between the US and Iran. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
Anushka Gupta, Head of Americas at Goldman Sachs Apex, to discuss the market developments on a Wednesday afternoon. The conversation centers around the recent decline in stock prices triggered by escalating tensions between the US and Iran. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
In early April, hours after US President Donald Trump threatened to bomb Iran “back to the Stone Ages” in a prime-time address, China’s yuan-denominated cross-border payment system set a record for transaction volume in a single day. The Cross-Border Interbank Payment System (CIPS) skyrocketed to 1.22 trillion yuan (US$180.3 billion) on April 2, almost doubling the daily average volume in February...
In early April, hours after US President Donald Trump threatened to bomb Iran “back to the Stone Ages” in a prime-time address, China’s yuan-denominated cross-border payment system set a record for transaction volume in a single day. The Cross-Border Interbank Payment System (CIPS) skyrocketed to 1.22 trillion yuan (US$180.3 billion) on April 2, almost doubling the daily average volume in February. The spike occurred as more oil-producing nations rapidly scaled up their share of yuan settlements...
Major earnings expected before the bell on Thursday include: Aurora Cannabis ( ACB ) The Lovesac Company ( LOVE ) Vera Bradley ( VRA ) Driven Brands Holdings ( DRVN ) Dollarama ( DLMAF ) For Seeking Alpha's full earnings season calendar, click here .
Major earnings expected before the bell on Thursday include: Aurora Cannabis ( ACB ) The Lovesac Company ( LOVE ) Vera Bradley ( VRA ) Driven Brands Holdings ( DRVN ) Dollarama ( DLMAF ) For Seeking Alpha's full earnings season calendar, click here .
Mesut Dogan/iStock Editorial via Getty Images Article Thesis Oracle Corporation ( ORCL ) reported its Q4 earnings results on Wednesday afternoon, beating the consensus estimate on both lines. The market nevertheless didn't like the report very much, as Oracle traded down by around 5% following the earnings release. At current prices, Oracle doesn't seem especially expensive to me, but it's also no...
Mesut Dogan/iStock Editorial via Getty Images Article Thesis Oracle Corporation ( ORCL ) reported its Q4 earnings results on Wednesday afternoon, beating the consensus estimate on both lines. The market nevertheless didn't like the report very much, as Oracle traded down by around 5% following the earnings release. At current prices, Oracle doesn't seem especially expensive to me, but it's also not a bargain compared to some other major AI stocks. Between this, its growth tailwinds from AI, and some execution and counterparty risk, I remain neutral on Oracle for now. Past Coverage I have written about Oracle Corporation here on Seeking Alpha in the past, most recently in March, three months ago, when I published this article . I was neutral on the company back then, with both ORCL and the broad market climbing since that article was published, although ORCL rose more than the broad market. With Oracle releasing its Q4 results on Wednesday and with my most recent ORCL article being three months old, I want to update my views on the company today. What Happened? Oracle's fiscal year is shifted versus the calendar year, which is why its fiscal fourth quarter ends on May 31. For the fourth quarter of the most recent fiscal year, ORCL reported its results on Wednesday, following the market's close -- the headline numbers can be seen in the following screencap: Oracle's Q4 earnings results (Seeking Alpha) We see that the company outperformed the Wall Street consensus on both lines, with the revenue beat being relatively small, at less than 1%, but with the earnings per share beat being pretty sizable, at roughly 8%. Still, the market reacted negatively to these results -- at the time of writing, ORCL trades down by around 5%. This could be due to the sell-the-news phenomenon, or maybe it's just the continuation of the ongoing risk-off moves we have seen in the broad market, and especially among many tech stocks, over the last couple of days, as the market focuses more on ...
Although the revenue and EPS for Oracle (ORCL) give a sense of how its business performed in the quarter ended May 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Although the revenue and EPS for Oracle (ORCL) give a sense of how its business performed in the quarter ended May 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Spinnaker Support, the third-party software support leader trusted by more than 1,000 organizations worldwide, today announced the appointment of Vivek Pruthi as Managing Director – APAC, as the company accelerates its investment and expansion across the region.
Spinnaker Support, the third-party software support leader trusted by more than 1,000 organizations worldwide, today announced the appointment of Vivek Pruthi as Managing Director – APAC, as the company accelerates its investment and expansion across the region.
Bank Of Japan Governor Ueda Hospitalized, Will Miss June Meeting Bank of Japan's 74-year-old Governor Kazuo Ueda has been hospitalized for medical treatment and will miss the June 15 to 16 policy meeting, the central bank said on Wednesday. It is the first time for the governor, who chairs the BOJ's policy discussions, to miss a scheduled meeting since the central bank began deciding policy unde...
Bank Of Japan Governor Ueda Hospitalized, Will Miss June Meeting Bank of Japan's 74-year-old Governor Kazuo Ueda has been hospitalized for medical treatment and will miss the June 15 to 16 policy meeting, the central bank said on Wednesday. It is the first time for the governor, who chairs the BOJ's policy discussions, to miss a scheduled meeting since the central bank began deciding policy under the current arrangement in 1998. The governor will submit a written statement on his view on policy but will not participate in next week's vote , the BOJ said in a statement. Ueda is expected to remain in hospital for about two weeks getting treatment for an infected liver cyst, work remotely and attend the next July 30 to 31 policy meeting, the central bank said. The central bank is widely expected to raise interest rates next week to levels unseen in three decades to counter the plunging yen, crashing bond prices and reverse soaring inflationary pressures from the Iran war. Ueda's hospitalization is unlikely to affect next week's decision, with a rate hike highly anticipated, but it will complicate the BOJ's communication about what may come next, said Mari Iwashita, executive rates strategist at Nomura Securities. "With Ueda's absence, the BOJ may decide not to send clear signals on the future rate path. Given uncertainty on how long it may take for the governor to fully recover, it's also become more unclear on whether the BOJ would hike again this year." The BOJ said that Deputy Governor Ryozo Himino will preside over the rate review in place of Ueda, while the other deputy governor, Shinichi Uchida, is set to host the post-meeting press conference. The announcement follows one the BOJ made in late May that its Deputy Governor Uchida had been discharged from hospital after recovering from leukaemia treatment. The yen was roughly steady on the day against the dollar, which traded at 160.5, a level traders watch closely as it has triggered official intervention...
hapabapa Palantir Technologies ( PLTR ) CEO Alex Karp has raised concerns over growing tension between enterprise customers and frontier AI labs at a time when the industry is rapidly moving towards public listing. Speaking with CNBC on Wednesday, Karp said that enterprise clients are increasingly “unhappy” with how leading frontier labs operate. He added that in private conversations, "every sing...
hapabapa Palantir Technologies ( PLTR ) CEO Alex Karp has raised concerns over growing tension between enterprise customers and frontier AI labs at a time when the industry is rapidly moving towards public listing. Speaking with CNBC on Wednesday, Karp said that enterprise clients are increasingly “unhappy” with how leading frontier labs operate. He added that in private conversations, "every single enterprise we deal with" expresses frustration, as many believe frontier labs lack real understanding of business needs and are focused on "tokenmaxxing" or aggressively burning AI tokens to show usage and output. Karp clarified that large language models remain critical, but real value will come from implementation over the next “seven years,” where enterprises actually deploy these systems into workflows. His comments come as major AI players move toward public listings. OpenAI ( OPENAI ) has confidentially filed for an IPO , while Anthropic ( ANTHRO ) is also preparing for a potential market debut. Reportedly, Karp also noted that many of Anthropic’s public-facing projects reportedly run on Palantir’s platform and called Anthropic CEO Dario Amodei a “very crucial person” in the AI space. On the market side, Palantir Technologies stock closed 1.41% lower at $130.21, extending its weekly decline to 4%, reflecting broader caution around AI cost structures and execution risks even as demand for AI tools continues to expand. More on Palantir Palantir: Scaling Into The AI Data Fortress Palantir: Even A Historic Quarter Could Not Move The Needle Palantir: Strong Execution, But The Budget Ceiling Is Now Visible Tech stocks drag down Nasdaq for the week; Intel, Qualcomm among losers Palantir's AIPCon highlights AI advancements, differentiated approach: Wedbush
hapabapa Palantir Technologies ( PLTR ) CEO Alex Karp has raised concerns over growing tension between enterprise customers and frontier AI labs at a time when the industry is rapidly moving towards public listing. Speaking with CNBC on Wednesday, Karp said that enterprise clients are increasingly “unhappy” with how leading frontier labs operate. He added that in private conversations, "every sing...
hapabapa Palantir Technologies ( PLTR ) CEO Alex Karp has raised concerns over growing tension between enterprise customers and frontier AI labs at a time when the industry is rapidly moving towards public listing. Speaking with CNBC on Wednesday, Karp said that enterprise clients are increasingly “unhappy” with how leading frontier labs operate. He added that in private conversations, "every single enterprise we deal with" expresses frustration, as many believe frontier labs lack real understanding of business needs and are focused on "tokenmaxxing" or aggressively burning AI tokens to show usage and output. Karp clarified that large language models remain critical, but real value will come from implementation over the next “seven years,” where enterprises actually deploy these systems into workflows. His comments come as major AI players move toward public listings. OpenAI ( OPENAI ) has confidentially filed for an IPO , while Anthropic ( ANTHRO ) is also preparing for a potential market debut. Reportedly, Karp also noted that many of Anthropic’s public-facing projects reportedly run on Palantir’s platform and called Anthropic CEO Dario Amodei a “very crucial person” in the AI space. On the market side, Palantir Technologies stock closed 1.41% lower at $130.21, extending its weekly decline to 4%, reflecting broader caution around AI cost structures and execution risks even as demand for AI tools continues to expand. More on Palantir Palantir: Scaling Into The AI Data Fortress Palantir: Even A Historic Quarter Could Not Move The Needle Palantir: Strong Execution, But The Budget Ceiling Is Now Visible Tech stocks drag down Nasdaq for the week; Intel, Qualcomm among losers Palantir's AIPCon highlights AI advancements, differentiated approach: Wedbush