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
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread 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
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
Oracle stock fell as much as 4 percent in extended trading on Thursday even though earnings beat estimates for the fiscal third quarter and the company provided a forecast that met expectations.
Here are the key numbers:
Oracle's revenue, disclosed in a statement, fell 1 percent from a year earlier in the quarter, which ended on Feb. 28.
With respect to guidance, Oracle CEO Safra Catz said the company is expecting earnings per share of $1.05 to $1.09, excluding certain items, and revenue that would be flat to down 2 percent in the fiscal fourth quarter. Analysts were looking for guidance of $1.05 in earnings per share, excluding certain items, and a 1 percent revenue drop, according to Refinitiv.
In the latest quarter, Oracle picked up business from Fair Isaac, Gap Stores and Jo-Ann Stores, CEO Mark Hurd said on a conference call on Thursday. Co-founder Larry Ellison pointed to "university researchers" switching to Oracle from cloud provider Amazon Web Services because of the opportunity cost savings.
Oracle shares are up 1.4 percent in the past year.