Enterprise software giant Oracle is reportedly planning to ax thousands of jobs due to mounting financial pressure from its aggressive push to build AI-focused data centers. The tech powerhouse may slash 20,000 to 30,000 positions, possibly cutting 12–18% of its global workforce of roughly 162,000 employees, tech magazine CIO reported. The layoffs could be implemented as early as March 2026, Bloom...
Enterprise software giant Oracle is reportedly planning to ax thousands of jobs due to mounting financial pressure from its aggressive push to build AI-focused data centers. The tech powerhouse may slash 20,000 to 30,000 positions, possibly cutting 12–18% of its global workforce of roughly 162,000 employees, tech magazine CIO reported. The layoffs could be implemented as early as March 2026, Bloomberg reported. The move is driven by a cash crunch from massive spending on data centers, which Wall Street expects will keep Oracle’s cash flow negative for years, forcing the company to seek alternative ways to preserve liquidity, Bloomberg said. MAJOR TECH COMPANIES BACK TRUMP PLEDGE TO PAY MORE FOR DATA CENTER ELECTRICITY AHEAD OF SIGNING Additionally, several U.S. banks have scaled back financing for Oracle’s massive AI data center expansion, according to investment bank TD Cowen, cited by CIO.com. Lenders have reportedly voiced growing concerns over the company’s ability to repay debt given the enormous capital required to build infrastructure for high-profile AI clients such as OpenAI. "Both equity and debt investors have raised questions regarding Oracle’s ability to finance this buildout," the report said. STANLEY BLACK & DECKER TO CUT HUNDREDS OF JOBS, SHUT CONNECTICUT PLANT The job cuts will span divisions across the company, focusing on roles Oracle expects to need less of due to AI, Bloomberg reported. The move is also expected to free up $8 billion to $10 billion, TD Cowen said in a research report cited by CIO. Led by Chairman Larry Ellison, Oracle is making a high-stakes, all-in bet on becoming a top-tier AI cloud provider to rival AWS, Microsoft and Salesforce. Ticker Security Last Change Change % ORCL ORACLE CORP. 152.93 -1.86 -1.20% GET FOX BUSINESS ON THE GO BY CLICKING HERE The upcoming layoffs at Oracle are expected to be much larger and more extensive than the company’s usual smaller routine job cuts. Oracle reportedly told internal teams it would rea...
Video appears to show U.S. cruise missile striking Iranian school compound toggle caption Screenshots by Geoff Brumfiel for NPR/ Mehr News on X A new video released by Iranian state media shows what appears to be a U.S. cruise missile striking a compound where around 175 Iranian students and staff were killed at a girl's school a little over a week ago. The seven-second video was posted by Mehr Ne...
Video appears to show U.S. cruise missile striking Iranian school compound toggle caption Screenshots by Geoff Brumfiel for NPR/ Mehr News on X A new video released by Iranian state media shows what appears to be a U.S. cruise missile striking a compound where around 175 Iranian students and staff were killed at a girl's school a little over a week ago. The seven-second video was posted by Mehr News, an Iranian state news agency. It shows the missile slamming into a building inside a walled compound – likely a health clinic that was also inside the perimeter of what was at one point an Iranian Revolutionary Guard naval base. The strike appears to have taken place shortly after the girl's school was hit. In the new video, smoke is already visibly rising from the part of the compound where the school was located. State media reports put the death toll from the bombing at somewhere between 165 and 180, many of them students. Sponsor Message Although the quality of the video makes precisely identifying the munition difficult, the missile appears consistent with a Tomahawk cruise missile, according to Jeffrey Lewis, a professor of global security at Middlebury College. The U.S. is the only country known to have Tomahawk missiles, and U.S. officials say the military was operating in the south of the country at the time of the strike. "The first shooters at sea were Tomahawks unleashed by the United States Navy," Gen. Dan Caine, the chairman of the Joint Chiefs of Staff said in a press conference on the Monday after the strike. Speaking aboard Air Force One on Saturday, President Trump accused Iran of being responsible for the school bombing. "Based on what I've seen, I think it was done by Iran," Trump said. "Because they're very, inaccurate as you know, with their munitions. They have no accuracy whatsoever. It was done by Iran." Lewis, however, said that the missile in the video did not appear to be consistent with known, Iranian-made cruise missile designs. NPR was abl...
Bitcoin fell to its lowest price in a week during early Asia trading, as oil prices surged due to the escalating war with Iran. Risk-off sentiment driven by inflation fears helped push the original cryptocurrency down as much as 2.36% to $65,633 on Monday, coinciding with a spike in Brent crude prices, which touched $118.73 a barrel — the highest since June 2022. Bitcoin was trading above $66,000 ...
Bitcoin fell to its lowest price in a week during early Asia trading, as oil prices surged due to the escalating war with Iran. Risk-off sentiment driven by inflation fears helped push the original cryptocurrency down as much as 2.36% to $65,633 on Monday, coinciding with a spike in Brent crude prices, which touched $118.73 a barrel — the highest since June 2022. Bitcoin was trading above $66,000 at 10:30 a.m. in Singapore. “The geopolitical situation in the Middle East has moved beyond a single military event into sustained economic disruption,” said Hayden Hughes, managing partner at Tokenize Capital. He added that investors are bracing for the latest US Consumer Price Index numbers, scheduled for release this week. “The market is positioning defensively ahead of what is likely a hot print given elevated energy costs,” Hughes said. Asian shares also slumped , with South Korea’s Kospi falling as much as 8.1%. The US dollar, the haven of choice amid inflationary pressure, rose against nearly all its peers. Treasuries sold off, as well, with benchmark US 10-year yields turning higher for the year. Bitcoin’s drop was “surprisingly modest compared to, say, Nasdaq futures or the Kospi, which tells me there are very little leveraged long positions left,” said Damien Loh , chief investment officer at Ericsenz Capital . The overall mood remained bearish as exchange-traded fund flows turned negative again at the end of last week. US-listed spot Bitcoin ETFs have seen nearly $6 billion in net outflows since November, according to data compiled by Bloomberg. This indicates that institutional capital continues to exit rather than wait on the sidelines, Hughes said. Hughes said $64,000 is the immediate downside level to watch for Bitcoin, while a break below that would take the next support level to $61,000. On the upside, $68,000 is the next resistance level, he added.
Key Points SoFi stock has sold off considerably throughout 2026. The company's CEO recently bought the dip -- acquiring 56,000 shares. While SoFi stock remains pricey, insider buying generally signals confidence in the company's future. 10 stocks we like better than SoFi Technologies › In early March, SoFi Technologies (NASDAQ: SOFI) CEO Anthony Noto purchased 56,000 shares of the company at an av...
Key Points SoFi stock has sold off considerably throughout 2026. The company's CEO recently bought the dip -- acquiring 56,000 shares. While SoFi stock remains pricey, insider buying generally signals confidence in the company's future. 10 stocks we like better than SoFi Technologies › In early March, SoFi Technologies (NASDAQ: SOFI) CEO Anthony Noto purchased 56,000 shares of the company at an average price of $17.88 -- equating to slightly more than $1 million in open market purchases. Since SoFi stock has plummeted 28% so far this year and is trading 35% below its prior highs in November, the timing of Noto's buy might appear interesting. In reality, smart investors knew it was coming (more on that later). Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Let's take a look at why Noto's recent purchase underscores consistent personal conviction in SoFi's long-term trajectory, and assess whether investors should double down right now amid unrelenting market volatility. Anthony Noto is buying the SoFi dip With geopolitical tensions, monetary policy outlooks, the midterm elections, and fears over an AI bubble, 2026 has been jam-packed with uncertainty. As a result, investors are rotating capital away from volatile growth stocks in favor of more durable opportunities. Considering how much selling pressure has plagued SoFi stock recently, I think it's safe to say that Noto sees the current moment as an opportunity to buy the dip. Noto kept his word, which shouldn't be surprising In mid-February, Noto was interviewed by a YouTube podcaster called Future Investing. During the discussion, Noto was asked point-blank about whether or not he plans to buy SoFi stock anytime soon. The inspiration behind the question is that Noto has been an aggressive buyer of SoFi stock throughout his tenure leading the comp...
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逆線行車罰停牌一個月 陳家珮：收李慧琼口頭警告 官指深思熟慮下犯案 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】立法會議員陳家珮在灣仔逆線行車，不小心駕駛罪成，罰款2,000元及停牌一個月。 陳家珮1月23日在...
逆線行車罰停牌一個月 陳家珮：收李慧琼口頭警告 官指深思熟慮下犯案 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】立法會議員陳家珮在灣仔逆線行車，不小心駕駛罪成，罰款2,000元及停牌一個月。 陳家珮1月23日在灣仔菲林明道逆線駛入謝斐道，警方票控她不小心駕駛。庭上播放三段事發片段，陳家珮在庭上認罪，對影響其他道路使用者深感悔意，稱事發後已經沒有駕駛，願意接受懲罰。 裁判官高偉雄形容案情嚴重，指陳家珮逆線行車不是突然的決定，而是深思熟慮下作出的行為。陳家珮有8項定額罰款紀錄，沒有刑事及交通定罪紀錄，裁判官稱以22年駕駛經驗來說不算太差，判她罰款2,000元及停牌1個月。 陳家珮離開法庭時再次致歉，她亦已收到立法會主席李慧琼的口頭警告。陳家珮：「雖然未必會再駕駛，但若要再駕駛前會完成駕駛改進課程，所以這段時間非常感謝多方面關心。希望有正式交代給大家，亦為自己不小心駕駛再次向公眾講聲抱歉。」 裁判官詢問陳家珮可否即日交出駕駛執照，她說現時沒有駕駛，所以執照沒有隨身，法庭要求她三日內交出。根據《道路交通條例》，不小心駕駛最高可判罰5,000元及監禁6個月。
With the TUXEDO InfinityBook Max 16 – AMD, the German Linux hardware provider is launching a new high-end notebook that combines powerful hardware with a slim design. The Intel version is now followed by the AMD sister model with the new Ryzen AI processors. The device is aimed at demanding workflows such as software development, content creation or gaming and combines a modern CPU platform with d...
With the TUXEDO InfinityBook Max 16 – AMD, the German Linux hardware provider is launching a new high-end notebook that combines powerful hardware with a slim design. The Intel version is now followed by the AMD sister model with the new Ryzen AI processors. The device is aimed at demanding workflows such as software development, content creation or gaming and combines a modern CPU platform with dedicated NVIDIA graphics and a high-resolution 16-inch display. AMD Ryzen AI 7 350 to Ryzen AI 9 HX 370 with integrated AI engine NVIDIA GeForce RTX 5060 or RTX 5070 for high graphics performance 16-inch display with 500 nits, 300 Hz and 100% DCI-P3 color space Up to 128 GB RAM and 8 TB PCIe 4.0 SSD storage TUXEDO InfinityBook Max 16 – AMD combines Ryzen AI with powerful RTX graphics The TUXEDO InfinityBook Max 16 – AMD relies on processors from the new Ryzen AI 300 series. Even the entry-level Ryzen AI 7 350 model offers eight cores and 16 threads and can be operated with a power consumption of between 10 and 90 watts, depending on requirements. The Ryzen AI 9 365 with ten cores and the top-of-the-range Ryzen AI 9 HX 370 with twelve cores and 24 threads are also available for more demanding workloads. A key feature of these processors is the integrated Ryzen AI engine, which can execute AI tasks directly on the notebook. Depending on the model, up to 80 TOPS (Trillions of Operations per Second) are available. This means that AI-supported image or text generation and local assistance functions can be used without a cloud connection. For graphics-intensive applications, the notebook is optionally equipped with an NVIDIA GeForce RTX 5060 or RTX 5070. According to the manufacturer, these GPUs deliver three to four times the graphics performance of the CPU’s integrated Radeon 890M graphics. This makes the device suitable not only for professional media editing or 3D workflows, but also for current games in high detail levels. Despite this powerful hardware, the notebook remains...
Market Snapshot USD/INR ₹91.75 +0.2% Nifty 50 Index 24,450.45 -1.3% India 10-Year Bond Yield 6.68% +0.04 Spot Gold ($/oz) $5,091.32 -1.6% S&P 500 Futures 6,593.00 -2.2% Market data as of 08:14 AM IST, Mar. 9, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Ashutosh Joshi, with a quick pulse check as markets kick off the week. The mood is tens...
Market Snapshot USD/INR ₹91.75 +0.2% Nifty 50 Index 24,450.45 -1.3% India 10-Year Bond Yield 6.68% +0.04 Spot Gold ($/oz) $5,091.32 -1.6% S&P 500 Futures 6,593.00 -2.2% Market data as of 08:14 AM IST, Mar. 9, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Ashutosh Joshi, with a quick pulse check as markets kick off the week. The mood is tense in Asia this Monday morning as the Middle East conflict extends into its second week. Oil has surged above $100 a barrel, Asian stocks are witnessing a sharp selloff, and even gold prices are falling amid a stronger dollar. A slide of more than 2% in Nifty 50 futures points to a weak start for local shares after the benchmark capped its worst weekly loss in a year on Friday. The implications of higher fuel costs are far-reaching for the nation, which imports most of its energy needs. Markets are already concerned about the impact on bank earnings and the interest-rate outlook. Shares of state-owned refiners will be in focus after the government raised cooking gas prices on the weekend for the first time in nearly a year. Traders will also keep an eye on the upcoming CPI inflation data for direction. In today’s newsletter, we cover : Oil’s potential drag on bank earnings Fresh RBI support for the bond market Continued analyst backing for brokerage stocks But first, a look at how oil’s surge is complicating the outlook for borrowing costs. Markets Buzz: Swaps Signal RBI Tightening India’s swap rates — a key indicator of interest-rate expectations — show traders are bracing for rate hikes as oil climbs. The five-year overnight indexed swap rose 23 basis points last week, the biggest jump since February 2023. The move in swaps is pressuring government bonds, with the 10-year yield rising five basis points to 6.69% on Friday. As a result, traders are pricing in 50–75 basis points of tightening. As rising energy prices fuel inflation risks, the RBI is stepping up support for th...