Oracle (NYSE: ORCL) shares are selling off. The database giant reported results for its fiscal fourth quarter of 2026 (the period ended May 31, 2026) Wednesday afternoon. The stock fell as much as 11% in early trading Thursday and finished the trading day down about 8.5%. The quarter itself wasn't weak. Revenue rose 21% year over year to $19.2 billion, with cloud revenue jumping 47% to $9.9 billio...
Oracle (NYSE: ORCL) shares are selling off. The database giant reported results for its fiscal fourth quarter of 2026 (the period ended May 31, 2026) Wednesday afternoon. The stock fell as much as 11% in early trading Thursday and finished the trading day down about 8.5%. The quarter itself wasn't weak. Revenue rose 21% year over year to $19.2 billion, with cloud revenue jumping 47% to $9.9 billion. And remaining performance obligations (contracted revenue the company hasn't yet delivered) ballooned to $638 billion -- up $85 billion in just three months. Instead, investors seem focused on the bill. Oracle's capital expenditures hit $55.7 billion in fiscal 2026 -- above the $50 billion management forecast in March -- and free cash flow came in at negative $23.7 billion. Further, spending is set to climb again in fiscal 2027, with management guiding for a net cash outlay of about $70 billion after customer prepayments. And Oracle plans to raise about $40 billion in new debt and equity. Continue reading
Nvidia has hired veteran lobbyist Bruce Andrews to head government affairs in Washington, D.C., two sources briefed on the matter said on Thursday. Andrews served as chipmaking rival Intel's government affairs chief under former CEO Pat Gelsinger. During the Obama administration, Andrews was a Commerce Department official.
Nvidia has hired veteran lobbyist Bruce Andrews to head government affairs in Washington, D.C., two sources briefed on the matter said on Thursday. Andrews served as chipmaking rival Intel's government affairs chief under former CEO Pat Gelsinger. During the Obama administration, Andrews was a Commerce Department official.
Michael Vi/iStock Editorial via Getty Images US Foods ( USFD ) secured a maximum ~$167M firm-fixed-price contract with an economic price adjustment for full-line food and beverage supply. It is a 329-day bridge contract with no option periods, with the ordering period running until May 8, 2027. The contract will be funded through FY2026–FY2027 Defense Working Capital Funds. The contracting activit...
Michael Vi/iStock Editorial via Getty Images US Foods ( USFD ) secured a maximum ~$167M firm-fixed-price contract with an economic price adjustment for full-line food and beverage supply. It is a 329-day bridge contract with no option periods, with the ordering period running until May 8, 2027. The contract will be funded through FY2026–FY2027 Defense Working Capital Funds. The contracting activity is Defense Logistics Agency Troop Support. More on US Foods US Foods Holding Corp. (USFD) Presents at 23rd annual dbAccess Global Consumer Conference Transcript US Foods Holding Corp. 2026 Q1 - Results - Earnings Call Presentation US Foods Holding Corp. (USFD) Q1 2026 Earnings Call Transcript US Foods reaffirms 2026 outlook for 9%-13% adjusted EBITDA growth amid elevated fuel costs US Foods Non-GAAP EPS of $0.78 misses by $0.03, revenue of $9.6B misses by $60M
Super Micro Computer (NASDAQ:SMCI), a developer of server and storage solutions based on modular and open-standard architecture, closed at $31.97, up 9.22%. The stock rose as investors evaluated the company’s $7 billion equity and equity-linked financing plan for its large but ca
Super Micro Computer (NASDAQ:SMCI), a developer of server and storage solutions based on modular and open-standard architecture, closed at $31.97, up 9.22%. The stock rose as investors evaluated the company’s $7 billion equity and equity-linked financing plan for its large but ca
Nasdaq's third annual Global Retail Executive Forum brought together executives from across the global retail brokerage industry, nearly half from Asia, for two days of panels, working sessions, and the kind of closed-door conversations that don't happen regularly.
Nasdaq's third annual Global Retail Executive Forum brought together executives from across the global retail brokerage industry, nearly half from Asia, for two days of panels, working sessions, and the kind of closed-door conversations that don't happen regularly.
Uber Technologies (NYSE: UBER) has become a dominant ride-hailing and delivery platform. However, its shares have disappointed investors. They're down 14% in 2026 (as of June 10), while trading 30% below their peak. It's worth taking a closer look. Uber trades at a price-to-earnings multiple (P/E) of just 17.5, which is much cheaper than the overall market. But if you're new to this growth stock i...
Uber Technologies (NYSE: UBER) has become a dominant ride-hailing and delivery platform. However, its shares have disappointed investors. They're down 14% in 2026 (as of June 10), while trading 30% below their peak. It's worth taking a closer look. Uber trades at a price-to-earnings multiple (P/E) of just 17.5, which is much cheaper than the overall market. But if you're new to this growth stock in 2026, it's important to understand a key variable driving the company's success. Image source: Getty Images. Continue reading
Elon Musk’s SpaceX on Thursday confirmed it will begin trading on the Nasdaq exchange Friday in the biggest initial public offering in history, a blockbuster market debut that could propel the entrepreneur to trillionaire status. In a filing with the US markets regulator, the company priced more than 555 million shares at US$135 each, placing SpaceX in the top 10 of Wall Street’s biggest companies...
Elon Musk’s SpaceX on Thursday confirmed it will begin trading on the Nasdaq exchange Friday in the biggest initial public offering in history, a blockbuster market debut that could propel the entrepreneur to trillionaire status. In a filing with the US markets regulator, the company priced more than 555 million shares at US$135 each, placing SpaceX in the top 10 of Wall Street’s biggest companies with a valuation of just under US$1.8 trillion. It will be valued more than Musk’s own Tesla car...
Taiwan Semiconductor Manufacturing (TWSE:2330) received shareholder approval to amend its Articles of Incorporation at the 2026 Annual Shareholders' Meeting. The amendments relate to the company's core governing document, which defines its corporate structure, decision making framework, and key governance rules. This vote formally authorizes TSMC's board and management to operate under the updated...
Taiwan Semiconductor Manufacturing (TWSE:2330) received shareholder approval to amend its Articles of Incorporation at the 2026 Annual Shareholders' Meeting. The amendments relate to the company's core governing document, which defines its corporate structure, decision making framework, and key governance rules. This vote formally authorizes TSMC's board and management to operate under the updated Articles from this point forward. Taiwan Semiconductor Manufacturing, or TSMC, is a major...