Oracle (NYSE:ORCL), an enterprise cloud software and AI infrastructure provider, closed at $123.77, down 1.92%. In premarket trading, reports that it canceled a $7 billion Tencent chip-leasing deal and renewed attention on AI funding plans weighed on the shares.
Trading volume reached 111.4M shares, coming in about 241% above its three-month average of 32.7M shares.
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We break down the US Midterms to learn about the state of the US economy, how consumers and business owners are feeling and what that economy might look like in the months to come.
One issue that came up in states across the country during the midterms was the building of data centres.
» Read more about: After the blue wave, what happens to the US economy? »
Constellation Energy fell 8% this morning after Democrats won Congress,
Nov 4 : Data-center stocks slid on Wednesday, while clean-energy shares rallied after Democrats seized control of Congress, prompting investors to reposition for tougher scrutiny of the AI boom and a shift in policy priorities.
The Democratic sweep, including wins in Republican strongholds and key data-center hubs Texas and Georgia, will usher in divided government and raise the prospect of greater scrutiny of industries that benefited from Republican control.
» Read more about: AI data-center stocks slide, renewables rally after Democratic US midterm sweep »
One CNBC trader says the fever has broken in energy and oil won’t see $100 again. A rival panelist warns of a black swan that could flip the trade overnight, and income investors holding Exxon and Chevron have the most…
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The blow to U.S. President Donald Trump’s Republicans comes amid an ongoing trade war with Canada.
Investing in an S&P 500 index fund might seem like one of the easiest ways to diversify your portfolio. After all, you’re buying a slice of America’s 500 largest publicly traded companies instead of putting all of your money into a single stock.
But there’s a catch: Not all 500 companies in the S&P 500 are weighted equally.
» Read more about: Why an equal-weight S&P 500 fund can reduce Big Tech risk »
When you have only a few hundred dollars to put toward your future, it can be tempting to search for the stock, fund or cryptocurrency most likely to take off.
But financial experts said it’s more important to determine whether that money should be invested at all and,
» Read more about: The $500 Investing Decision That Matters More Than Picking the ‘Right’ One »
Being a “buy-and-hold” investor sounds simple, but it can be harder to do in real life. When stocks are wobbly, when the tech-heavy Nasdaq-100 goes into a sell-off, when economists question the economic value of artificial intelligence (AI), it’s easy to get nervous and make fear-driven moves based on short-term news.
» Read more about: 2 ETFs I'm Buying and Holding for Decades — No Matter What the Market Does »
