Jim Cramer is seeing some good signs in the economy right now. Could they be the perfect ingredients for a Santa Claus rally?» Read More
NEW YORK— The Dow Jones industrial average had its biggest surge in three years Thursday, its second straight triple-digit gain following the Federal Reserve's reassurance that it was in no hurry to raise interest rates. Bullish earnings from technology giant Oracle also drove the rally, which has helped stocks erase an early-December slump.
Dec 17- Oracle Corp reported a 3.5 percent increase in quarterly revenue on Wednesday, beating Wall Street's expectations, as sales at its closely watched cloud services business rose 45 percent. Investors have been carefully watching how Oracle beefs up its cloud divisions, which deliver software over the Internet. "Oracle has been going through a transition...
NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates. The Fed said it would take a "patient" approach in deciding when to bump borrowing costs higher, which Fed Chair Janet Yellen, at a news conference,...
Dec 17- Oracle Corp posted a 3.5 percent rise in total revenue in the company's first quarter since Larry Ellison stepped down as chief executive, bolstered by a 45 percent jump in its fast-growing cloud services business. Investors have been carefully watching how Oracle beefs up its "cloud" divisions, which deliver software over the Internet, as a gauge for how...
Companies making headlines after the bell Wednesday:
Steve Forbes, Forbes Media chairman, reacts to President Obama's decision to normalize diplomatic relations with Cuba.
REDWOOD CITY, Calif.— Oracle Corp. posted better-than-expected results Wednesday in its first quarterly report since co-founder Larry Ellison gave up the helm of the business software maker. The average estimate of analysts surveyed by Zacks Investment Research was for adjusted earnings of 68 cents per share. Oracle announced in September that Ellison was...
Dec 17- Oracle Corp reported a 3.5 percent rise in total revenue, bolstered by a 45 percent jump in its fast-growing cloud services business. The company's net income slipped to $2.50 billion in the second quarter ended Nov. 30, from $2.55 billion. Total revenue rose to $9.6 billion from $9.3 billion.
Daniel Ives, FBR Capital Markets, provides instant analysis to Oracle's solid quarterly numbers.
Oracle is reporting EPS beat of $0.69 adjusted on revenue beat of $9.60 billion, reports CNBC's Josh Lipton.
Oracle delivered fiscal second-quarter earnings of 69 cents per share on $9.60 billion in revenue, topping expectations on the top and bottom lines.
Oracle will report earnings after the bell Wednesday. Rick Sherlund, managing director at Nomura Securities, previews the numbers.
Jim Cramer wonders... if things are really so bad, then why are so many things going right? He uncovers who is really behind this market decline.
NEW YORK, Dec 15- U.S. stocks rose at the open on Monday, following the worst week for the benchmark S&P 500 index in more than two years, with investors focused on crude oil prices which earlier hit a fresh 5-1/ 2- year low. The Dow Jones industrial average rose 113.41 points, or 0.66 percent, to 17,394.24, the S&P 500 gained 15.22 points, or 0.76 percent, to 2,017.55 and the...
Some of the names on the move ahead of the open.
With low oil prices causing fear in investors, Jim Cramer spells out the opportunities that could be hidden in the market next week.
The stock market will get its first real taste of Hadoop on Friday, when Hortonworks, a seller of the software, debuts on Nasdaq.
Dec 11- Shares of LendingClub Corp, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion. The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12- $14.
Uber's value is growing at an eyebrow-raising rate, but as it's value soars more questions are raised.
*Google in firing line in Europe as lawmakers vote on break-up. BRUSSELS, Nov 26- When EU politicians call for the break-up of Google, it can sound like sour grapes, the anti-American backlash of an ageing Europe envious, and fearful, of the wealth and growing power of young U.S. tech giants. Indeed, to many in Brussels it is Google's fellow Americans- such as Microsoft,...