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Oracle to spend $700 million more on restructuring costs as it ramps up AI spending

Oracle to spend $700 million more on restructuring costs as it ramps up AI spending

By Deborah Mary Sophia Sept 11 (Reuters) - Oracle said restructuring costs, part of a plan that includes job cuts, will rise about $700 million as the cloud company seeks to rein in costs while spending billions to capitalize on booming demand for artificial intelligence services.

Exclusive-Nvidia in talks to invest in Anthropic’s mega IPO, sources say

Exclusive-Nvidia in talks to invest in Anthropic’s mega IPO, sources say

By Krystal Hu and Milana Vinn Sept 11 (Reuters) - Anthropic is in talks to bring Nvidia as an anchor investor into what could be the largest IPO in history, two people familiar with the matter told Reuters.

Senator Cory Booker Sells Amazon.com Shares Valued Up to $250,000

Senator Cory Booker Sells Amazon.com Shares Valued Up to $250,000

Senator Cory A. Booker (Democratic-New Jersey) recently sold shares of Amazon.com, Inc. (NASDAQ: AMZN). A filing disclosed on September 9th indicated that the Senator sold between $100,001 and $250,000 worth of Amazon.com stock on August 11th. This transaction is part of a series of recent stock sales by Senator Booker, which also included shares of Netflix, McDonald's, NVIDIA, Alnylam Pharmaceuticals, and JD.com, all executed on the same date. Amazon.com's stock opened at $256.78 on Friday, with a market capitalization of $2.77 trillion. The company recently reported earnings per share of $5.75, surpassing consensus estimates, and revenue of $200.61 billion for the quarter. Analysts generally maintain a 'Moderate Buy' rating for Amazon.com, with an average target price of $323.26.

Archer Daniels Midland Navigates Commodity Volatility and Strategic Transformation

Archer Daniels Midland Navigates Commodity Volatility and Strategic Transformation

Archer Daniels Midland Navigates Commodity Volatility and Strategic Transformation

Nvidia takes new role as AI’s $5 trillion bill comes due

Nvidia takes new role as AI’s $5 trillion bill comes due

Nvidia’s $500 billion AI push changes the game again.

Retailers Integrate Digital Ad Screens to Boost Sales and Ad Revenue

Retailers Integrate Digital Ad Screens to Boost Sales and Ad Revenue

Retailers Integrate Digital Ad Screens to Boost Sales and Ad Revenue

TD Cowen Adjusts Dutch Bros Price Target to $59.00 Amidst Market Fluctuations

TD Cowen Adjusts Dutch Bros Price Target to $59.00 Amidst Market Fluctuations

TD Cowen Adjusts Dutch Bros Price Target to $59.00 Amidst Market Fluctuations

Oracle climbs as AI-fueled backlog growth deflects spending worries

Oracle climbs as AI-fueled backlog growth deflects spending worries

By Deborah Mary Sophia Sept 11 (Reuters) - Oracle shares rose 6% before the bell on Friday after it reported a $26 billion jump in first-quarter revenue backlog, proving its massive debt-driven spending spree on data centers was powering strong growth in its cloud business.

Amazon Prime Video Expands In-Stream Shopping Features for U.S. Viewers

Amazon Prime Video Expands In-Stream Shopping Features for U.S. Viewers

Amazon Prime Video Expands In-Stream Shopping Features for U.S. Viewers

The Knoxville News-Sentinel

Blount County lands 90-job expansion from German medtech firm Siemens

Blount County lands 90-job expansion from German medtech firm Siemens

The investment includes a new research and development center in Rockford and expanded production of technology used to help study disease.

Evercore ISI revamps Dell stock price target to $650

Evercore ISI revamps Dell stock price target to $650

Dell’s $95 billion AI server backlog is fueling the next leg of the stock’s rally.

The market’s getting choppy — Ross Gerber’s names to hold into 2027

The market’s getting choppy — Ross Gerber’s names to hold into 2027

Ross Gerber, CEO, Gerber Kawasaki lays out the path to a potential 10% move higher — and lays out the stocks he says still deserve capital even in a choppy market.