Mnuchin told CNBC that he's confident President Donald Trump and President Xi Jinping can make progress in stalled trade talks.World Economyread more
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were almost there on a trade deal.US Marketsread more
President Donald Trump's administration hopes additional sanctions on Iran will force the country to negotiate.Politicsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Bitcoin surged as high as $12,919 in early morning trade Wednesday, to its highest level since January 2018.Technologyread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Oracle will succeed in transitioning its software businesses to the cloud, according to one Wall Street firm. Credit Suisse on Tuesday initiated coverage of the company with an outperform rating.
"We believe the market underappreciates the staying power of Oracle's technology stack and upside opportunities in the cloud," analyst Brad Zelnick wrote in a note to clients. "While traditional financial metrics have lagged given a cloud transition, the stock is valued as if there's no tomorrow, or no other side to the transition."
Oracle had a market value of $209.4 billion as of Friday, according to FactSet.
The software company has outperformed the market this year with its shares up 31.7 percent year to date through Friday, compared with the S&P 500's 10.6 percent return.
Zelnick initiated his price target on Oracle at $62, representing 22.5 percent upside from Friday's close.
He cited how the enterprise resource planning software market size was $43 billion in 2016 and Oracle has the best cloud ERP product.
"The cloud ERP opportunity is just now heating up, and ORCL is in pole position," the analyst wrote. "Our field work suggests ORCL has the leading cloud product in the largest of app software categories (ERP) … and an advantage given its incumbency."
Zelnick also noted how Oracle has successfully acquired more than 60 companies since 2004.
"ORCL is our favorite aggregation play. We particularly like companies that can parlay dominant market positions into adjacencies to capture incremental wallet share," he wrote. "This has been a consistent strategy for ORCL over the years … and cloud is just the latest chapter."
Oracle shares were up slightly after Tuesday's market open following the report.
— CNBC's Michael Bloom contributed to this story.