Dow Jones Top Company Headlines at 7 PM ET: Oracle, OpenAI Sign Massive $300 Billion Cloud Computing Deal | Oracle ...
Oracle, OpenAI Sign Massive $300 Billion Cloud Computing Deal
The deal is one of the largest cloud contracts ever signed, reflecting how spending on AI data centers is hitting new highs despite mounting concerns over a potential bubble.
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Oracle Shares Skyrocket as Software Giant Scores Massive AI Deals
Larry Ellison's fortune rose by around $100 billion as multibillion-dollar contracts sent shares surging; they closed up by nearly 36%.
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Klarna Rises 15% in First Day of Trading on NYSE
The debut was the latest sign that a long-suffering IPO market is alive and kicking.
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Opendoor Technologies Snags Shopify Operating Chief Nejatian as CEO
The appointment, which comes amid Opendoor's rise as a new favorite meme stock, will help the online marketplace emphasize artificial intelligence.
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Oxford Industries Profit Beats Expectations
The owner of the Tommy Bahama and Lilly Pulitzer brands had taken steps to absorb higher tariff-related costs, allowing the company to back its profit guidance for the year.
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Hims & Hers Health Expands Testosterone Offerings
Hims & Hers Health is launching treatments for low testosterone on its telehealth platform, venturing deeper into a category often marred by stigma, according to its chief executive.
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Ozempic Maker Novo Nordisk to Cut 9,000 Jobs
The company downgraded its guidance for the second time in six weeks as it announced a restructuring plan.
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Potbelly Sandwich Chain to Sell Itself to Convenience-Store Operator RaceTrac
The $566 million deal is expected to close this year. The companies don't plan to "put a Potbelly in every RaceTrac."
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Chewy Lifts Sales Outlook, Bets on Growth Over Short-Term Profit
Chewy will give up some profit to fetch a larger share of the pet-supplies market, even if that means disappointing Wall Street in the near term.
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Subprime Car Lender Tricolor Files to Liquidate After Bank Alleges Fraud
The Dallas-based auto financing provider and dealer, which caters to those without credit histories, filed for chapter 7 bankruptcy.
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Waymo Robotaxis Face New Challenger in Atlanta
Michigan-based May Mobility is teaming up with Lyft to launch a service against Waymo's availability on the Uber app.
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Europe Tells Textile Producers to Manage Their Own Waste
Textile manufacturers will have to cover the cost of collecting, sorting and recycling their products, under a new ruling from the European Parliament
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Inditex Narrowly Misses Sales Forecasts, But Growth Picks Up After Slowdown
The Zara owner reported first-half sales that fell slightly short of analysts' projections, but growth accelerated despite fierce competition.