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☆ Oracle shares surge 12% and head for record close
▼ + stars: | 2024-03-12 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange, July 12, 2023. Oracle stock spiked more than 12% during intraday trading on Tuesday and is on pace for a record close, a day after the company reported fiscal third-quarter earnings that beat analysts' expectations. They're also on pace for the biggest gain since Dec. 10, 2021, when Oracle stock closed up 15.6%. Deutsche Bank lifted its price target on Oracle shares to $150 from $135, noting CEO Safra Catz reiterated fiscal 2026 guidance and strong cloud infrastructure results. Analysts at Bernstein Research, who have the equivalent of a buy rating on Oracle stock, bumped up their price target to $159 from $147.

Persons: Safra Catz, They're, Leswing, Jordan Novet Organizations: Oracle Corporation, New York Stock Exchange, Oracle, Deutsche Bank, UBS, Bernstein Research

☆ Tim Scott drops out of GOP primary race after girlfriend reveal
▼ + stars: | 2023-11-13 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Despite ample financial resources, his platform didn't resonate among GOP voters. Details of Scott's relationship with Noce surfaced after he faced criticism over being unmarried — with some insinuating he is gay. AdvertisementAdvertisement"It's like a different form of discrimination or bias," the 2024 GOP presidential candidate told The Washington Post . Scott's campaign began with $22 million before his announcement and received substantial backing from Larry Ellison, the cofounder of Oracle Corporation. AdvertisementAdvertisementA spokesperson for Scott's campaign did not immediately respond to a request for comment from Insider.

Persons: Tim Scott, —, Scott, Trey Gowdy, Mindy Noce, Axios, Larry Ellison Organizations: Service, GOP, Republican, Fox News, Washington Post, South, Oracle Corporation, senator's, Opportunity Matters Locations: South Carolina, America, Iowa

☆ Tim Scott drops out of race mere hours after girlfriend reveal
▼ + stars: | 2023-11-13 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

I am suspending my campaign," Scott said during an interview on Fox News' "Sunday Night in America with Trey Gowdy." Details of Scott's relationship with Noce surfaced after he faced criticism over being unmarried — with some insinuating he is gay. AdvertisementAdvertisement"It's like a different form of discrimination or bias," the 2024 GOP presidential candidate told The Washington Post . Scott's campaign began with $22 million before his announcement and received substantial backing from Larry Ellison, the cofounder of Oracle Corporation. AdvertisementAdvertisementA spokesperson for Scott's campaign did not immediately respond to a request for comment from Insider.

☆ Oracle spends more than $100 million on Ampere chips
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 22 (Reuters) - Oracle Corp (ORCL.N) agreed to prepay $104.1 million for processor chips made by startup Ampere Computing, according to Oracle's proxy statement filed on Friday. Oracle also invested $400 million in Ampere through a convertible note in its fiscal 2023, the proxy said. Ampere builds custom server chips based on Arm technology that compete with designs produced by Intel (INTC.O) and Advanced Micro Devices (AMD.O), which use X86. Oracle has invested hundreds of millions of dollars in Ampere since it was founded, according to filings. Amazon.com makes its own server chips that compete with Ampere, and Google makes its own artificial intelligence processors.

Persons: Brendan McDermid, Oracle, Ampere, Ampere –, Max A, David Gregorio, Rosalba O'Brien Organizations: Oracle Corporation, New York Stock Exchange, REUTERS, Oracle Corp, Ampere, Intel, Devices, Oracle, Amazon.com, Google, Thomson Locations: New York City, U.S, Ampere, San Francisco

☆ Oracle to use Ampere's newest chips in its cloud offering
▼ + stars: | 2023-09-20 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 19 (Reuters) - Oracle (ORCL.N) said on Tuesday that it would use Ampere Computing's flagship processor chips in its cloud computing service, in a boost to the chip company that has filed for an initial public offering. Ampere aimed to create chips that are designed to be more energy efficient than traditional processors from Intel and Advanced Micro Devices (AMD.O), both of which have subsequently announced offerings that compete with Ampere's chips. Oracle is a major investor in Ampere and was among the first cloud companies to adopt its chips in 2021. Ampere said last month that Alphabet's (GOOGL.O) Google Cloud unit would offer its newest chips, which feature computing cores custom designed by Ampere. Cloud computing companies are among the largest purchasers of chips, buying them en masse and renting them out to software developers.

Persons: Brendan McDermid, Ampere, Taiwan's TSMC, Renee James, Stephen Nellis, Jamie Freed Organizations: Oracle Corporation, New York Stock Exchange, REUTERS, Oracle, Intel, Arm Holdings, Devices, Google, Thomson Locations: New York City, U.S, Ampere, San Francisco

☆ Stocks making the biggest moves premarket: Oracle, WestRock, Apple and more
▼ + stars: | 2023-09-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Check out the companies making headlines before the bellOracle – Shares fell 10% before the opening bell after the company posted weaker-than-expected revenue and revenue guidance for the second fiscal quarter. For the recent quarter, the software company reported adjusted earnings of $1.19 per share, versus the $1.15 expected by analysts polled by LSEG. Apple – The stock inched higher before the bell ahead of the technology giant's eagerly anticipated iPhone launch event beginning at 1 p.m. Casey's General Stores – The retail stock added more than 4% in the premarket after topping earnings expectations for the recent quarter.

Persons: Safra Catz, giant's, Geron, Goldman Sachs Organizations: Oracle Corporation, New York Stock Exchange, Oracle, LSEG . Revenue, Smurfit Kappa, Kappa, Apple, Bank of America, Casey's, FactSet . Revenue Locations: New York City, U.S, Dublin

☆ Oracle's post-earnings slide is 'one of the greatest overreactions' Cramer has seen. Here’s his advice on the stock
▼ + stars: | 2023-09-12 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

The post-earnings sell-off in Oracle (ORCL) is overdone and a clear-cut buying opportunity, Jim Cramer said Tuesday. Still, Oracle delivered robust growth in cloud-computing services, making the stock's slide Tuesday "one of the greatest overreactions I've ever seen," according to Jim. We recognize the challenges facing other parts of Oracle's business, including Cerner and some of its traditional business software offerings. This mix enables us to view Tuesday's stock decline as another entry point, rather than a reason to walk out the door. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, we've, Cerner, Safra Catz, hasn't, Jim Cramer's, Brendan Mcdermid Organizations: Oracle, Club, Trust, CNBC, UBS, Barclays, Management, Oracle Corporation, New York Stock Exchange Locations: New York City, U.S

☆ Oracle revenue misses estimates as tough economy hurts cloud spending
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

A screen displays the logo and trading information for Oracle Corporation on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsSept 11 (Reuters) - Oracle (ORCL.N) narrowly missed market expectations for first-quarter revenue on Monday, as companies pared back spending on cloud services due to an uncertain economic outlook. Companies have been trying to optimize their cloud budgets due to a global economic slowdown after a spurt in spending and adoption during the pandemic. Revenue for the quarter stood at $12.45 billion, slightly below analysts' estimates of $12.47 billion, according to LSEG data. Net income was $2.42 billion for the quarter ended Aug. 31, compared with $1.55 billion a year earlier.

Persons: Brendan McDermid, Akash Sriram, Devika Organizations: Oracle Corporation, New York Stock Exchange, REUTERS, Oracle, Companies, Amazon Web Services, Microsoft, Revenue, Thomson Locations: New York City, U.S, Bengaluru

☆ Stocks making the biggest moves premarket: Oracle, AT&T, Best Buy and more
▼ + stars: | 2023-08-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Best Buy — Best Buy rose about 1.3% after topping Wall Street's fiscal second-quarter expectations on the top and bottom lines. Heico reported revenue of $723 million for the previous quarter, ahead of the $702 million expected by analysts polled by Refinitiv. Nio — Nio's stock lost more than 6% before the bell after the Chinese electric vehicle company reported a wider-than-expected quarterly loss. The company reported $2.21 in adjusted earnings per share, while analysts were looking for $2.02 per share, according to FactSet's StreetAccount. BYD — The Chinese automaker's U.S.-traded shares rose more than 2% Tuesday premarket, a day after it announced a 204.68% jump in net profit for the first half of 2023.

Persons: Safra Catz, PDD, Heico, FactSet's, BYD, CNBC's Hakyung Kim, Tanaya Macheel, Jesse Pound Organizations: Oracle Corporation, New York Stock Exchange, UBS, Oracle, Verizon —, Verizon, Citi, Refinitiv . Revenue, FactSet . Revenue, PDD Holdings —, Refinitiv, Toyota Motor —, Toyota Motor Locations: U.S, Japan

☆ Tim Scott's biggest financial backer is Larry Ellison, a tech billionaire who owns the sixth-largest island in Hawaii and has poured $35 million into the senator's super PAC
▼ + stars: | 2023-05-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Ellison has pumped $35 million into Scott's super PAC, and could legally give him millions more. On Monday, Ellison attended Scott's campaign launch in North Charleston, where Scott described him as one of his mentors. Trump's political operation includes the "MAGA, Inc" super PAC, while Florida Gov. Ron DeSantis has enjoyed the support of the "Never Back Down" super PAC. Scott's campaign isn't the first time a Republican presidential candidate has heavily relied on a single megadonor.

☆ I built an ADU in my backyard that brings in $3,000 a month. Now I urge other California homeowners to do the same.
▼ + stars: | 2023-03-11 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Joyce Higashi is a San Jose native who built an ADU in her backyard in 2020 for $230,000. She leases the unit out to traveling nurses for three months at a time and charges $3,000 per month. That's when I decided to put an ADU in my backyard — back before ADUs were even remotely popular in California. Courtesy of AboduThrough ADU builder Abodu, I had a 500-square foot one-bedroom ADU built in my backyard. Now, I rent the ADU out for $3,000 a month to traveling nurses for three months at a time.

☆ Topul celor mai bogați oameni din lume în anul 2021, conform revistei Forbes
▼ + stars: | 2021-04-07 | by ( Onixmedia Srl | ) diez.md time to read: +5 min

Așadar, mai jos găsiți topul celor 10 miliardari care sunt considerați cei mai bogați oameni din lume în anul 2021. Acum, acesta este directorul general al companiei și deține 16 % din aceasta. Studii: Bezos este licențiat în „Arte și Științe”, Universitatea Princeton din SUA. Cu toate acestea, și-a pierdut interesul pentru educație și a renunțat la universitate după un semestru. Studii: este licențiat în „Arte și Științe” la Universitatea Michigan, are un masterat în științe la Universitatea Stanford.

Persons: Jeff Bezos, Elon, Musk, Tesla, Bernard Arnault, Louis Vuitton, Bill Gates, Paul Allen, Mark Zuckerberg, Mark Elliot Zuckerberg, Warren Buffett, Berkshire Hathaway, Buffett, Larry Ellison, Lawrence Joseph Ellison, Larry Page, Sergey Brin, Lawrence Edward, Larry, Page, Mukesh Organizations: Forbes, Universitatea Princeton, Universitatea Pennsylvania, Politehnică, École, Microsoft Corporation, Microsoft, Facebook, Harvard, Universitatea din, Universitatea Columbia, Oracle Corporation, Google, Universitatea, Universitatea Stanford, Universitatea Maryland, Reliance Industries Locations: Amazon, SUA, francez, Paris, Seattle, Harvard, american, Berkshire, Omaha, Nebraska, Universitatea din Nebraska, americană, Universitatea din Chicago, Universitatea Michigan, Rusia, Ambani, indian, Reliance, India, Universitatea din Mumbai

☆ Majoritatea a studiat științele reale, iar unii au renunțat la universitate. Ce studii au cei mai bogați oameni din lume
▼ + stars: | 2020-10-08 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

Cu toate acestea, și-a pierdut interesul pentru educație și a renunțat la universitate după un semestru. A absolvit Universitatea din Arkansas din Fayetteville, fiind licențiat în administrarea afacerilor în marketing. A absolvit Universitatea Trinity din San Antonio, fiind licențiată în economie. A absolvit Universitatea din Arkansas cu o diplomă de licență în administrarea afacerilor. De asemenea, are și o diplomă de doctorat în jurisprudență, obținută la Școala de Drept din Columbia.

Persons: Jeff Bezos, Bill Gates, Bernard Arnault, Warren Buffett, Berkshire Hathaway, Buffett, Larry Ellison, Amancio Ortega, ZARA, Mark Zuckerberg, Jim Walton, . Alice Walton, Rob Walton Organizations: Forbes, Amazon, Universitatea Princeton, Microsoft, Universitatea Harvard, École, Universitatea din, Universitatea Columbia, Oracle Corporation, Facebook, Harvard, Universitatea Trinity Locations: francez, Paris, Berkshire, Universitatea din Nebraska, Harvard, Universitatea din Chicago, spaniol, Universitatea din Arkansas, Fayetteville, San Antonio, Columbia

Jeff Bezos – 177 miliarde de dolariFondatorul Amazon.com Inc, Jeff Bezos (57 de ani), ocupă primul loc în Top-ul celor mai bogați oameni din lume, pentru al patrulea an consecutiv. Elon Musk – 151 miliarde de dolariPe locul doi în clasament se situează Elon Musk (49 de ani), fondatorul Tesla și SpaceX. Bill Gates – 124 miliarde de dolariBill Gates (65 de ani), este co-fondator (împreună cu Paul Allen) al Microsoft Corporation. Mark Zuckerberg – 97 miliarde de dolariMark Zuckerberg (36 de ani) este cofondatorul, preşedintele şi CEO-ul Facebook. Lawrence Ellison – 93 miliarde de dolariLawrence Elison este un antreprenor american, cunoscut în special pentru faptul că este fondatorul și conducătorul companiei multinaționale „Oracle Corporation”.

Persons: Jeff, Amazon.com Inc, Elon, Tesla, Bernard Arnault, LVMH, . Bill Gates, Bill Gates, Paul Allen, Mark Zuckerberg, . Warren Buffett, Warren Buffett, . Lawrence Ellison, Lawrence Organizations: Microsoft Corporation, Facebook, Oracle Locations: francez, american, Lawrence Elison

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