Stocks opened lower on Friday after China said it will slap new tariffs on U.S. goods.US Marketsread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
Ideas include a rotation of Federal Reserve governors that would make it easier to curb Powell's power, according to the Washington Post.US Economyread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
At least three members of Facebook's Libra organization are considering leaving the operation due to intense regulatory scrutiny.Technologyread more
Google on Friday released a new set of community guidelines that are meant to crack down on what employees can say inside the company.Technologyread more
Emails between Facebook employees from 2015 illustrate early actions the company took to investigate third-party use of their data.Technologyread more
Andrew McCabe filed a lawsuit alleging that his removal was part of a scheme by President Donald Trump to remove government employees "because they were not politically loyal...Politicsread more
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
Moulton was one of the few candidates not to make the debate stages in June and July.2020 Electionsread more
The Fed's James Bullard says the central bank should continue to ease monetary policy because of the recession signal being flashed by the bond market.Investingread more
Referring to CNBC's report last week that Amazon is looking to stop using Oracle's technology by early 2020, Ellison said on Tuesday that Amazon wasn't able to get off Oracle years ago. Other competitors, like SAP and Salesforce, have also tried and failed to end their Oracle reliance, Ellison said.
"They've got a goal to get off by 2020," he said at a company event. "SAP couldn't do it. Salesforce couldn't do it. I don't think they can do it. Anyway, we'll find out."
The comments represent the latest in an ongoing spat between the two companies, which compete in the market for cloud infrastructure as well as database systems.
Ellison said Oracle's software is stronger than Amazon's offerings, which include the Aurora database and Redshift data warehouse. He said no database is as easy to use as Oracle's.
They think of themselves as a competitor, so it's kind of embarrassing when Amazon uses Oracle, but they want you to use Aurora and Redshift, " he said. "hey've had 10 years to get off Oracle, and they're still on Oracle. And it's not going to be easy for them to use their own technology. It's not going to be cost-effective. I mean, it's really, really hard."
Ellison said he still gives money to Amazon, for other things.
"I just bought the latest Kindle, so it's a great product," he said.
Amazon declined to comment.