Oracle shares jumped more than 28% in premarket trading after the company projected its AI-fueled cloud revenue to reach $144 billion by its 2030 fiscal year, up from less than $20 billion this year. CEO Safra Catz detailed a rapid growth trajectory, forecasting Oracle Cloud Infrastructure revenue to grow from $18 billion this fiscal year to $32 billion, $73 billion, $114 billion, and $144 billion … Continue reading Oracle stock jumps after CEO says AI-fueled cloud revenue set to soar to $144 billion

Ford unveiled a new advertising campaign, “Ready, Set, Ford,” on Wednesday, marking what the company calls a “fundamental shift” in its branding strategy. The campaign moves beyond vehicle-focused marketing to highlight the people who buy Ford vehicles, emphasizing four core promises: capability, passion, community, and trust. The rollout comes as the auto industry faces uncertainty from tariffs and a slowdown in consumer spending, making brand … Continue reading Ford rolls out new ad campaign amid industry-wide uncertainty

The Labor Department released a report Tuesday showing that nonfarm payrolls in the year prior to March 2025 were revised downward by 911,000 jobs, far exceeding previous estimates. The revision is the largest on record since 2002 and suggests average monthly job growth was 76,000 less than initially reported, raising concerns about the overall health of the labor market. Sectors most affected by the revisions … Continue reading Job growth revised down by 911,000 through March

Nebius Group has inked a landmark agreement with Microsoft worth $17.4 billion over five years to supply GPU-powered AI infrastructure, with an option to expand to $19.4 billion. The deal underscores corporate demand for advanced AI compute capacity, and comes as Microsoft continues investing heavily in AI infrastructure. Nebius, based in Amsterdam, will deploy capacity from its upcoming Vineland, New Jersey data center starting later … Continue reading Nebius Stock Soars After Signing Massive AI GPU Infrastructure Deal with Microsoft

Australia’s ANZ Group plans to eliminate roughly 3,500 jobs—about 8% of its workforce—and an additional 1,000 contractor roles by September 2026. The restructuring, led by newly appointed CEO Nuno Matos (since May 2025), aims to cut duplication, end non-essential projects, and foster a performance-driven culture. The bank will book a restructuring charge of A$560 million (~US$369 million) in pursuit of long-term health and efficiency. ANZ … Continue reading ANZ to Slash 3,500 Jobs in Major Restructuring Under New CEO

London-listed Anglo American has agreed to merge with Canada’s Teck Resources in a monumental $53 billion deal to create a new mining powerhouse. In the merged entity—named Anglo Teck—Anglo American shareholders will own approximately 62.4% while Teck shareholders will hold 37.6%. The new company will be headquartered in Canada, with its primary stock listing in London, and will also pursue listings in key financial markets. … Continue reading Anglo American, Teck Resources to merge in largest mining deal of decade