Business and finance

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Oracle Shares Surge on Cloud Orders Forecast

Lead: Oracle shares jumped 27% in after-hours trading after the company announced it expects its Oracle Cloud ...

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Synopsys Shares Plunge 34% After Q3 Miss and Weak IP Outlook

Lead: Synopsys (NASDAQ: SNPS) shares collapsed 34% to close at $398.40 in Wednesday trading after the EDA firm...

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Klarna Prices IPO at $40, Targets NYSE Debut Today

Lead Swedish fintech Klarna priced its initial public offering at $40 per share, raising $1.37 billion and setting a $15.1 bill...

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Investors Eye CPI Release Amid Tariff-Driven Price Pressures

U.S. markets rallied Wednesday as investors prepared for Thursday’s Consumer Price Index report, expecting headline inflation o...

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US Producer Prices Dip 0.1% in August as Inflation Cools

Lead US producer prices fell 0.1% in August as wholesale inflation eased, while on a 12-month basis the Producer Price Index ro...

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PPI Falls 0.1% in August as Wholesale Inflation Eases

Lead The U.S. Producer Price Index for final demand edged down 0.1% in August, following a 0.7% gain in July, the Bureau of Lab...

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US Producer Prices Dip, Cooling Inflation Signals Possible Fed Cuts

Lead US Producer Price Index for final demand fell 0.1 percent in August, while core PPI excluding food and energy rose 0.3 per...

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Novo Nordisk to Cut 9,000 Jobs in Global Restructuring

Lead Danish drugmaker Novo Nordisk announced on 10 September 2025 that it will eliminate about 9,000 positions worldwide to str...

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GameStop Shares Surge After Q2 Beat and Warrant Dividend Announcement

Lead GameStop shares jumped 5.3% in after-hours trading to $24.84 following stronger-than-expected Q2 results and the unveiling...

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Ellison Heralds AI Boom as Oracle Stocks Soar and Cloud Orders Skyrocket

Lead: Oracle co-founder Larry Ellison on September 10 unveiled a vision for AI inference as a “multi-trillion-...