Oracle’s global layoffs are being viewed not as a sign of weakness but as a strategic move to free up cash for AI expansion, boosting investor confidence in ORCL’s long-term growth story.
Oracle’s global layoffs are being viewed not as a sign of weakness but as a strategic move to free up cash for AI expansion, boosting investor confidence in ORCL’s long-term growth story.
US natural gas futures rose as a short bout of cold weather increased demand for the heating and power-plant fuel, after closing down for the previous four sessions. Rising oil prices, which have influenced the front-month US gas contract since the war in Iran broke out, may also be pushing prices higher. “A near-term cold wave is hitting the Ohio valley and moving eastward,” supporting prices, sa...
US natural gas futures rose as a short bout of cold weather increased demand for the heating and power-plant fuel, after closing down for the previous four sessions. Rising oil prices, which have influenced the front-month US gas contract since the war in Iran broke out, may also be pushing prices higher. “A near-term cold wave is hitting the Ohio valley and moving eastward,” supporting prices, said Dennis Kissler , senior vice president for trading at BOK Financial Securities Inc. Futures for May delivery +4.3c, or +1.5%, to $2.843/mmbtu on Nymex, as of 9:47am ET Weather: Forecasts show above-average temperatures expected across the eastern two-thirds of the US from April 11-20: Commodity Weather Group Below-average temperatures expected across Upper Midwest through April 10 See WHUT for a map of latest 6-10 day weather forecast: NOAA Click here for two-week temperature forecasts for the U.S. Daily BNEF Gas Data: Lower-48 dry gas production on Monday ~110.4 bcf/day, or +2.8% y/y Lower-48 total gas demand on Monday ~72.9 bcf/day, or -6.8% y/y Dry gas exports to Mexico on Monday ~4.8 bcf/day, or -27% w/w Lowest since Dec. 25, 2024 Estimated gas flows to LNG export terminals on Monday ~20.4 bcf/day, or +1.7% w/w Gas Market News: LNG WRAP: Asian Prices May Climb Over $20 on Iran War Escalation EU Gas Summer-Winter Spread Widens as Prices Fall: BNEF Chart Natural Gas Deliveries to US LNG Export Terminals: BNEF
SlavkoSereda/iStock via Getty Images By Kelvin Wong The West Texas oil CFD (a proxy of the WTI crude oil futures) has staged the expected bullish move, where it cleared above $102.25 per barrel and hit a closing level of $112.84 last Thursday, April 2, 2026, before the Easter holiday. Market participants continue to discount the "optimism of a ceasefire deal" between the US and Iran from US Presid...
SlavkoSereda/iStock via Getty Images By Kelvin Wong The West Texas oil CFD (a proxy of the WTI crude oil futures) has staged the expected bullish move, where it cleared above $102.25 per barrel and hit a closing level of $112.84 last Thursday, April 2, 2026, before the Easter holiday. Market participants continue to discount the "optimism of a ceasefire deal" between the US and Iran from US President Trump’s social media posts and public speeches made in the past week. In today’s early Asian session (Monday, April 6, 2026), the price actions of the West Texas oil CFD gapped up by 2.9% to print a current intraday high of $116.17, just shy of its 4-year high of $119.54 recorded on March 9, 2026, as the market digested the possibilities of further hostilities between US and Iran where Trump posted a social media message with foul language, warning Iran’s power infrastructure will be destroyed if Tehran does not open the Strait of Hormuz by Tuesday, April 7, 2026 8.00 p.m. Eastern Time (an extension of an earlier Monday deadline). Interestingly, the earlier gains of the West Texas oil CFD were all wiped out as it declined by 2.3% at $110.27 at the time of writing. Ceasefire hopes are the primary driver of the current intraday whipsawing in oil prices. An Axios report stated that the US, Iran, and a group of regional mediators are discussing terms for a potential 45-day ceasefire that may lead to a permanent end to the war. In addition, US President Trump said he plans a news conference on Monday at 1.00 p.m. Eastern Time. Prediction market is still expecting a US-Iran ceasefire in June 2026 Fig. 1: Polymarket US-Iran ceasefire timing odds as of April 6, 2026 (Source: MacroMicro) The above chart reflects the market-implied probability of an official ceasefire agreement between the US and Iran on various specific dates from the prediction market platform, Polymarket, where participants trade contracts based on the probability of future events. As of Monday, April 6, 2026,...
The 28th Amendment: Is It Time For A New Amendment On The Meaning Of Citizenship? Authored by Jonathan Turley, “Well, it’s a new world. It’s the same Constitution.” Those words from Chief Justice John Roberts during this week’s oral arguments signaled that the conservative justices are unlikely to reject birthright citizenship. Of course, nothing is certain until this summer when the Court issues ...
The 28th Amendment: Is It Time For A New Amendment On The Meaning Of Citizenship? Authored by Jonathan Turley, “Well, it’s a new world. It’s the same Constitution.” Those words from Chief Justice John Roberts during this week’s oral arguments signaled that the conservative justices are unlikely to reject birthright citizenship. Of course, nothing is certain until this summer when the Court issues its opinion in Trump v. Barbara. However, we need to consider the need for a 28th Amendment to reaffirm the meaning of citizenship. As some of us stressed before the oral argument, the odds were against the administration prevailing in the case, given more than a century of countervailing precedent. There are good-faith arguments against reading the 14th Amendment as supporting citizenship for any child born in this country. It is doubtful that the drafters of the 14th Amendment could have envisioned millions of births to illegal aliens. They surely did not imagine foreigners coming to this country for the purpose of giving birth — or even, without ever entering the U.S., contracting multiple U.S. residents to carry babies to term for them as surrogates . The historical record is highly conflicted. Some drafters expressly denied that they intended for birthright citizenship to be covered by the 14th Amendment. The rampant abuse in this country and the widespread rejection of birthright citizenship by other countries (including some that once followed it) did not seem to impress the conservative justices. Roberts’s statement was in response to Solicitor General John Sauer’s argument that “We’re in a new world now … where eight billion people are one plane ride away from having a child who’s a U.S. citizen.” Although President Trump has lashed out with personal attacks on the conservative justices as “disloyal” and “stupid,” they are doing what they are bound by oath to do: apply the law without political favor or interest. I expect most of the justices agree with the vast ma...
Malaysian conglomerate Sunway Bhd. is abandoning its takeover bid of IJM Corp Bhd. after failing to secure enough support from the target company’s shareholders. Sunway said its conditional voluntary takeover offer for IJM “has lapsed” after it fell short of the 50% threshold by the deadline on Monday. The failed 11 billion ringgit ($2.7 billion) bid leaves IJM an independent company after shareho...
Malaysian conglomerate Sunway Bhd. is abandoning its takeover bid of IJM Corp Bhd. after failing to secure enough support from the target company’s shareholders. Sunway said its conditional voluntary takeover offer for IJM “has lapsed” after it fell short of the 50% threshold by the deadline on Monday. The failed 11 billion ringgit ($2.7 billion) bid leaves IJM an independent company after shareholders rejected the share-heavy offer viewed by critics of undervaluing the company. The result stifles Sunway’s ambitions to create what would arguably be the biggest construction firm in the Southeast Asian country, and leaves IJM’s construction, property and infrastructure businesses intact under the same management. The bid drew scrutiny over concerns it would dilute equity interests of the government and rights of Malaysia’s indigenous majority. Sunway is largely controlled by Malaysian ethnic Chinese tycoon Jeffrey Cheah Fook Ling . Read More: Sunway’s $2.7 Billion IJM Bid Questioned Over Bumiputera Rights A corruption probe involving individuals linked to IJM also added a layer of uncertainty. “We respect the decision of IJM shareholders and the outcome of the process,” Sunway said in a statement late Monday. “In any transaction of this scale, differing perspectives are natural, and we acknowledge the robust public discourse that has accompanied the offer.”
stockcam Globalstar ( GSAT ) shares jumped on Friday after it was reported that Amazon ( AMZN ) was in talks to acquire the company and boost its internet satellite offering to compete with SpaceX ( SPACE ). And while that may be a straightforward story on its own, there is a 3.7 trillion dollar monkey wrench to consider. Apple ( AAPL ). The iPhone maker holds roughly a 20% stake in Globalstar ( G...
stockcam Globalstar ( GSAT ) shares jumped on Friday after it was reported that Amazon ( AMZN ) was in talks to acquire the company and boost its internet satellite offering to compete with SpaceX ( SPACE ). And while that may be a straightforward story on its own, there is a 3.7 trillion dollar monkey wrench to consider. Apple ( AAPL ). The iPhone maker holds roughly a 20% stake in Globalstar ( GSAT ), meaning any acquisition of Globalstar would require negotiations with Apple. Media reports suggested that the companies were still negotiating over some complexities of a deal following lengthy talks. Apple acquired the stake by making a $400M equity investment in Globalstar, as well as $1.1B in infrastructure payments to help Globalstar build its network. Apple uses Globalstar's satellites for its Emergency SOS feature on the iPhone 14 series (and later), as well as the Apple Watch, which allows users to make quick calls and texts to emergency services; it also alerts emergency contacts with a user's location via their cellular service. The feature was first unveiled in the U.S. and has rolled out across the world . While many iPhone users (and first responders) have praised the feature, Apple has still not charged for the service, despite initially saying it would after a short time. Assuming a deal between Amazon and Globalstar goes through, Seeking Alpha analyst Julia Ostian believes Amazon could offer its own direct-to-device wireless service, perhaps as a perk for Prime subscribers. “I personally expect them to include it as a service tier within Amazon Prime or maybe integrate it with AWS and even Alexa for connectivity in remote areas,” Ostian said via email. “By using its massive existing customer base, Amazon has a chance at competing with Starlink, which is already far ahead in adoption.” Julian Lin , Investing Group Leader for Best Of Breed Growth Stocks, shared a similar take. “I would fully expect [Amazon] to offer its own cell phone service, as it woul...
stockcam Globalstar ( GSAT ) shares jumped on Friday after it was reported that Amazon ( AMZN ) was in talks to acquire the company and boost its internet satellite offering to compete with SpaceX ( SPACE ). And while that may be a straightforward story on its own, there is a 3.7 trillion dollar monkey wrench to consider. Apple ( AAPL ). The iPhone maker holds roughly a 20% stake in Globalstar ( G...
stockcam Globalstar ( GSAT ) shares jumped on Friday after it was reported that Amazon ( AMZN ) was in talks to acquire the company and boost its internet satellite offering to compete with SpaceX ( SPACE ). And while that may be a straightforward story on its own, there is a 3.7 trillion dollar monkey wrench to consider. Apple ( AAPL ). The iPhone maker holds roughly a 20% stake in Globalstar ( GSAT ), meaning any acquisition of Globalstar would require negotiations with Apple. Media reports suggested that the companies were still negotiating over some complexities of a deal following lengthy talks. Apple acquired the stake by making a $400M equity investment in Globalstar, as well as $1.1B in infrastructure payments to help Globalstar build its network. Apple uses Globalstar's satellites for its Emergency SOS feature on the iPhone 14 series (and later), as well as the Apple Watch, which allows users to make quick calls and texts to emergency services; it also alerts emergency contacts with a user's location via their cellular service. The feature was first unveiled in the U.S. and has rolled out across the world . While many iPhone users (and first responders) have praised the feature, Apple has still not charged for the service, despite initially saying it would after a short time. Assuming a deal between Amazon and Globalstar goes through, Seeking Alpha analyst Julia Ostian believes Amazon could offer its own direct-to-device wireless service, perhaps as a perk for Prime subscribers. “I personally expect them to include it as a service tier within Amazon Prime or maybe integrate it with AWS and even Alexa for connectivity in remote areas,” Ostian said via email. “By using its massive existing customer base, Amazon has a chance at competing with Starlink, which is already far ahead in adoption.” Julian Lin , Investing Group Leader for Best Of Breed Growth Stocks, shared a similar take. “I would fully expect [Amazon] to offer its own cell phone service, as it woul...
Bond traders kicked off the week betting that the Federal Reserve will keep interest rates on hold for the coming year, with the Treasuries market holding steady ahead of President Donald Trump’s extended deadline for Iran to reopen the Strait of Hormuz. Interest-rate swaps showed traders wiped out what little remained of their wagers on Fed easing after unexpectedly strong US labor market data we...
Bond traders kicked off the week betting that the Federal Reserve will keep interest rates on hold for the coming year, with the Treasuries market holding steady ahead of President Donald Trump’s extended deadline for Iran to reopen the Strait of Hormuz. Interest-rate swaps showed traders wiped out what little remained of their wagers on Fed easing after unexpectedly strong US labor market data were released Friday during a holiday-abbreviated session. That view prevailed as trading resumed Monday, keeping the yield on policy-sensitive two-year Treasuries around 3.86% and the 10-year yield at about 4.34%. The dollar slid. “The uncertainties created by the war in Iran continue to overshadow the fundamentals,” Ian Lyngen , head of US rates strategy at BMO Capital Markets, wrote in a note. “The US rates market remains slightly cheaper, although the strength of the March payrolls report has undoubtedly contributed to a bond-bearish underpinning at the moment.” Monday’s only major economic release, the Institute for Supply Management’s report on services activity for March, had limited market impact as its overall gauge and an employment measure declined more than economists estimated, while indexes for prices and new orders exceeded estimates. Investors in the $31 trillion US government debt market remain on alert for geopolitical developments as optimism mounts for an agreement on terms to end the war with Iran. Trump extended his deadline to Tuesday for Tehran to reopen the Strait of Hormuz, and global benchmark Brent traded near $109 a barrel, after a session high near $112. Disruptions to oil supply from the region have been a major driver for bond investors, who are stuck considering both the growth and inflation risks posed by a surge in energy prices. Yields over the past month have largely tracked oil prices higher on the perception that rising gasoline prices would show up in US inflation gauges and force the Fed to delay rate cuts. Before the US attacked Iran ...
A daughter of Malaysia’s late finance minister Daim Zainuddin will be charged at the Kuala Lumpur Sessions Court on Tuesday. Lawyer Yu Ying Ying confirmed that Asnida Daim, who is in her 60s, will be charged under Section 36(2) of the Malaysian Anti-Corruption Commission (MACC) Act 2009. That section relates to the offence of failing to comply with a written notice from the MACC to declare assets....
A daughter of Malaysia’s late finance minister Daim Zainuddin will be charged at the Kuala Lumpur Sessions Court on Tuesday. Lawyer Yu Ying Ying confirmed that Asnida Daim, who is in her 60s, will be charged under Section 36(2) of the Malaysian Anti-Corruption Commission (MACC) Act 2009. That section relates to the offence of failing to comply with a written notice from the MACC to declare assets. Court records indicate the case will be mentioned before Judge Rosli Ahmad at 9am. In a separate...