Three Vietnam War veterans are suing to stop President Trump from building an arch just steps from Arlington National Cemetery, where 400,000 service members, veterans and their relatives are buried. (Image credit: Eric Lee for NPR)
Three Vietnam War veterans are suing to stop President Trump from building an arch just steps from Arlington National Cemetery, where 400,000 service members, veterans and their relatives are buried. (Image credit: Eric Lee for NPR)
Google TV Streamer has been updated to Thread 1.4, allowing you to access a way to manually share its Thread credentials. | Photo by Jennifer Pattison Tuohy / The Verge Apple and Google are updating their smart home streaming devices to Thread 1.4. As first spotted by Matter Alpha and 9to5 Google , the latest spec has arrived on compatible Apple TVs in the tvOS 27 developer beta and the Google TV ...
Google TV Streamer has been updated to Thread 1.4, allowing you to access a way to manually share its Thread credentials. | Photo by Jennifer Pattison Tuohy / The Verge Apple and Google are updating their smart home streaming devices to Thread 1.4. As first spotted by Matter Alpha and 9to5 Google , the latest spec has arrived on compatible Apple TVs in the tvOS 27 developer beta and the Google TV Streamer through a software update. This lays the groundwork for these devices, which serve as Thread Border Routers , to implement Thread credential sharing , enabling them to connect more easily to an existing Thread network rather than creating their own. Thread is one of the connectivity protocols the interoperability standard Matter runs on. The original plan was for Thread Border Routers to all work seamlessly … Read the full story at The Verge.
alexsl Allianz chief economic adviser Mohamed El-Erian said both interest rate cuts and hikes are currently off the table following the latest inflation data , which showed headline inflation at a three-year high while core readings remained subdued. “Neither hikes, no cuts are on the table,” El-Erian said during a CNBC interview, explaining that cuts are sidelined because headline inflation remai...
alexsl Allianz chief economic adviser Mohamed El-Erian said both interest rate cuts and hikes are currently off the table following the latest inflation data , which showed headline inflation at a three-year high while core readings remained subdued. “Neither hikes, no cuts are on the table,” El-Erian said during a CNBC interview, explaining that cuts are sidelined because headline inflation remains elevated, but hikes are unnecessary given that core inflation was “very muted” at 0.2% month-over-month. El-Erian described the current situation as a contained shock rather than a broader inflationary spiral. “It looks like we’re having a headline shock and an energy shock, but it’s not spilling over into broader inflation,” he observed, noting this distinction is critical for understanding the Federal Reserve’s next moves. El-Erian raised concerns about a less-discussed inflationary risk: artificial intelligence investment. While AI’s long-term promise lies in productivity gains that could enable faster, non-inflationary growth, the economist warned that “the AI impact on the demand side, not the supply side, will be inflationary.” He explained that the substantial investments required to realize AI’s benefits are increasing aggregate demand, which could itself become a driver of future inflation. On energy markets, El-Erian projected oil prices ( CL1:COM ), ( CO1:COM ) would settle in the “low 80s” despite ongoing volatility stemming from geopolitical tensions. He emphasized that “dispersion should be the leading theme for investors” as markets become more selective about winners and losers. The economic adviser identified a significant “pothole” facing markets built on three elements: fundamentals, valuations, and technicals. He pointed to a “major question mark” about where funds will come from for “all the IPOs, for all the bond issues we’re looking at,” noting that valuations had become stretched. Regarding the market’s capacity to absorb major new listings like t...
A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: IPOX Schuster Founder & CEO Josef Schuster and Renaissance Capital Senior Strategist Matt Kennedy. (Source: Bloomberg)
A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: IPOX Schuster Founder & CEO Josef Schuster and Renaissance Capital Senior Strategist Matt Kennedy. (Source: Bloomberg)
On June 5, SpaceX quietly announced that it had entered into a massive compute capacity agreement with Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google. SpaceX is effectively leasing access to a cluster of 110,000 Nvidia (NASDAQ: NVDA) GPUs, along with supporting CPUs, memory, and related data center hardware. In exchange, Google will pay SpaceX $920 million per month between October 2026 and Jun...
On June 5, SpaceX quietly announced that it had entered into a massive compute capacity agreement with Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google. SpaceX is effectively leasing access to a cluster of 110,000 Nvidia (NASDAQ: NVDA) GPUs, along with supporting CPUs, memory, and related data center hardware. In exchange, Google will pay SpaceX $920 million per month between October 2026 and June 2029. This deal represents a notable expansion of SpaceX's ambitions beyond rocket launches and satellite constellations. While headlines around the deal will fixate on SpaceX and Google, there's a more subtle winner hiding in plain sight. Image source: Nvidia. Continue reading
While AI-driven revenue opportunities may take time to materialize, solid iPhone demand and strength in the Services segment will support Apple’s growth.
While AI-driven revenue opportunities may take time to materialize, solid iPhone demand and strength in the Services segment will support Apple’s growth.
Yahoo Finance Senior Reporters Ines Ferré and Brooke DiPalma come on Market Domination to eye some of Wednesday's top headlines, including movie lovers' first look at Jeremy Strong's — best known for HBO's corporate drama "Succession" — portrayal of Meta Platforms (META) CEO Mark Zuckerberg in "The Social Reckoning." The film is a direct sequel to Aaron Sorkin's "The Social Network."
Yahoo Finance Senior Reporters Ines Ferré and Brooke DiPalma come on Market Domination to eye some of Wednesday's top headlines, including movie lovers' first look at Jeremy Strong's — best known for HBO's corporate drama "Succession" — portrayal of Meta Platforms (META) CEO Mark Zuckerberg in "The Social Reckoning." The film is a direct sequel to Aaron Sorkin's "The Social Network."
Sandisk (NASDAQ: SNDK) stock closed out Wednesday's daily trading session in the red despite having been up big earlier in the day. The company's share price closed out the day down 0.3%, but it had been up as much as 7.2% close to the market open. Meanwhile, the S&P 500 ended the day down 1.6 %, and the Nasdaq Composite fell 2%. Sandisk stock actually surged early in today's session as investors ...
Sandisk (NASDAQ: SNDK) stock closed out Wednesday's daily trading session in the red despite having been up big earlier in the day. The company's share price closed out the day down 0.3%, but it had been up as much as 7.2% close to the market open. Meanwhile, the S&P 500 ended the day down 1.6 %, and the Nasdaq Composite fell 2%. Sandisk stock actually surged early in today's session as investors bet on its strong outlook in the artificial intelligence (AI) memory tech market , but it lost ground as the market became more worried about the inflation outlook. With today's modest valuation pullback, the stock is still up 592% year to date as of this writing. Image source: Getty Images. Continue reading
Oracle (ORCL) reported fourth quarter results on Wednesday after the closing bell. Adjusted earnings per share (EPS) came in at $2.11 (compared to analyst estimates of $1.97), and adjusted revenue came in at $19.18 billion (compared to analyst estimates of $19.09 billion). Yahoo Finance's Josh Lipton takes a closer look at the breaking numbers.
Oracle (ORCL) reported fourth quarter results on Wednesday after the closing bell. Adjusted earnings per share (EPS) came in at $2.11 (compared to analyst estimates of $1.97), and adjusted revenue came in at $19.18 billion (compared to analyst estimates of $19.09 billion). Yahoo Finance's Josh Lipton takes a closer look at the breaking numbers.
Oracle ( ORCL ) shares fell 1.5% in extended trading on Wednesday even after the IT giant reported fiscal fourth-quarter results and guidance that topped Wall Street's forecast. For the period ending May 31, Oracle said it earned an adjusted $2.11 per share as revenue rose 21% year-over-year to $19.18B. Analysts had expected adjusted earnings of $1.97 per share on $19.09B in revenue. Cloud revenue...
Oracle ( ORCL ) shares fell 1.5% in extended trading on Wednesday even after the IT giant reported fiscal fourth-quarter results and guidance that topped Wall Street's forecast. For the period ending May 31, Oracle said it earned an adjusted $2.11 per share as revenue rose 21% year-over-year to $19.18B. Analysts had expected adjusted earnings of $1.97 per share on $19.09B in revenue. Cloud revenue (which includes infrastructure and applications) came in at $9.9B, up 47% year-over-year. Infrastructure revenue soared 93% (92% in constant currency) year-over-year to $4.9B, while application revenue rose 10% year-over-year to $4.1B. Software revenue fell 2.1% year-over-year to come in at $6.82B, below the $6.88B estimate. Software support revenue slipped 0.4% to $4.494B, while software license revenue came in at $1.88B, down 6.3% year-over-year. Hardware revenue rose 8.7% year-over-year to come in at $924M, above the estimate of $836.2M, while service revenue rose 13% to come in at $1.52B. Total remaining performance obligations grew $85B during the period to $638B. Most of it was “large scale” AI contracts where the customer prepaid Oracle for the purchase of GPUs or the customer bought and supplied GPUs to Oracle. The prepaid and customer supplied hardware portions of Oracle's large AI contracts total $75B, which the company said “substantially reduces the amount of capital Oracle must raise to build out our AI datacenters.” For fiscal 2027, Oracle said it expects to raise approximately $40B in debt and equity financing, including its previously announced $20B at-the-market equity issuance. Oracle does not expect to issue additional debt in calendar 2026, the company added. Looking to the first-quarter of fiscal 2027, Oracle said it expects revenue to grow between 27% and 29% in constant currency and U.S. dollars, translating to a range of $18.956B to $19.255B. Analysts were expecting $19.05B in revenue for the coming quarter. Adjusted earnings are forecast to be betw...