TikTok on Thursday signed a deal to spin off its U.S. business, bringing to a close a months-long saga to keep the popular social media app available in the U.S. Nearly 50 percent of the assets — or ...
Add articles to your saved list and come back to them any time. TikTok has signed agreements with three major investors — Oracle, Silver Lake and MGX — to form a new TikTok US joint venture, ensuring ...
The S&P 500 closed down 1.16% yesterday, marking four straight losing sessions for the index, which is now off 2.6%% from the all-time high it hit on Dec. 11. The decline was led, as usual, by ...
Oracle isn't the only company getting fresh scrutiny from investors for issuing a lot of debt as part of the artificial intelligence race. (Bloomberg Finance, Deutsche Bank Research) "Last night ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oracle has emerged as the weakest member of the AI hyperscaler herd, with hedge funds now shorting both its ...
Investing.com -- Shares in Oracle Corporation (NYSE:ORCL) are down as much as 37% from the record high set in September as investors turned wary of its debt-financed jump into artificial-intelligence ...
Simply sign up to the Technology sector myFT Digest -- delivered directly to your inbox. It’s too soon to be talking about the Curse of OpenAI, but we’re going to anyway. Since September 10, when ...
The giant investment bank is acquiring a majority stake in Excel Sports Management, which reps clients like Tiger Woods, Caitlin Clark and Nikola Jokic, in a nearly $1 billion deal. By Alex Weprin ...
The MoneyShow Chart of the Day shows how shares of mega-cap AI and cloud computing giant Oracle Corp. (ORCL) have traded over the last six months. The 36% one-day surge in ORCL seen on September 10 ...
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