Oracle Stock Rises on Strong Earnings

Oracle shares were moving higher late Monday after the company posted better-than-expected financial results for its latest quarter. The enterprise software giant continued to see success in shifting more of its business to the cloud during the period. “Simply put, we had an outstanding quarter,” Oracle CEO Safra Catz said on a call with analysts. … Read more

Amazon’s Slice of the Pentagon’s $9 Billion Cloud Contract Is Another Reason to Like the Stock

Amazon stock has been clobbered since it last reported earnings. On Wednesday, the U.S. Department of Defense added to the bull case for shares. The Pentagon announced the issuance of several contracts worth up to $9 billion for a cloud computing project called the Joint Warfighting Cloud Capability. They went to the four largest U.S. cloud … Read more

Ten Things Elon Musk’s Texts Reveal About the Twitter Deal

10. In March, Sam Bankman-Fried, the crypto billionaire, tried to get in touch with Musk through an associate to discuss joining in a deal for Twitter. Musk appeared uninterested — and unaware of Bankman-Fried’s wealth, asking, “Does he have huge amounts of money?”