May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Oracle shares jumped as much as 9 percent in extended trading on Wednesday after the company beat earnings estimates for the fiscal fourth quarter.
Revenue for the quarter rose 3 percent. Subscription software reached more than $1 billion for the first time.
Oracle has been pushing hard in public cloud, aiming to compete with market leader Web Services (AWS). In May Oracle said would move thousands of databases to its cloud.
However, the second-generation cloud infrastructure that Oracle announced in September is "currently a bare-bones 'minimum viable product,'" Gartner said in a major industry report last week. This marked the first year Oracle was included in the report.
In the fourth quarter, Oracle produced $208 million in cloud infrastructure as a service (IaaS) revenue, up 23 percent from the prior year. (Last quarter CEO Safra Catz predicted IaaS revenue would increase by 25 percent to 29 percent.)
Revenue at AWS jumped 42 percent to $3.7 billion in revenue in the first quarter.
With respect to guidance, Oracle is predicting that it will deliver 59 to 61 cents in non-GAAP earnings per share and 4-6 percent revenue growth in the first quarter of its 2018 fiscal year. Analysts expected an average of 59 cents in earnings per share and 3.9 percent revenue growth for guidance, according to Thomson Reuters.