Larry Ellison, the Chairman of Oracle, has seen a significant increase in his wealth recently. With Oracle forecasting double-digit revenue growth for the fiscal year, Ellison’s net worth has skyrocketed by almost $19 billion. This surge in wealth has positioned him as the fifth-richest person globally, and just behind Meta CEO Mark Zuckerberg. Ellison’s ownership
Broadcom, a leading chipmaker, reported its earnings for the second fiscal quarter on Wednesday, exceeding analysts’ estimates. In addition to this positive news, the company also announced a 10-for-1 stock split, which is scheduled to commence trading on a split-adjusted basis on July 15. As a result, the stock price surged by approximately 10% in
GameStop, a meme stock that has captured the attention of Wall Street and individual investors alike, faced a significant sell-off in its shares on Wednesday. This sell-off coincided with a surge in trading volume in call options owned by the infamous “Roaring Kitty”, whose real name is Keith Gill. Gill still holds 120,000 call options
The Federal Reserve recently announced its decision to keep its key interest rate unchanged, signaling that only one cut is expected before the end of the year. This decision came as a surprise to the markets, which were hoping for a more accommodative stance from the central bank. The Federal Open Market Committee (FOMC) policymakers,
The recent announcement from the U.S. Treasury Department and Internal Revenue Service about issuing more than $1 billion in tax credits as an upfront cash incentive for buyers of electric vehicles has stirred a lot of interest and discussions. This move is seen as a significant step in promoting the adoption of electric vehicles across
Major League Eating shocked fans and competitors alike with the recent announcement that they will be parting ways with the legendary Joey “Jaws” Chestnut ahead of this year’s Nathan’s Famous Fourth of July hot dog eating contest. The decision comes as a surprise to many, especially considering Chestnut’s impressive track record as a 16-time champion
In a surprising turn of events, Oracle’s shares skyrocketed by as much as 9% in after-hours trading following the announcement of cloud deals with tech giants Google and OpenAI. This positive development comes on the heels of the company’s fourth-quarter financial results that failed to meet Wall Street’s expectations. Although Oracle’s earnings per share fell
When Supplemental Security Income (SSI) was first implemented 50 years ago, the maximum monthly benefit was $140 per individual. Fast forward to 2024, and the maximum monthly benefit has only increased to $943 for individuals, which is still well below the federal poverty level of $1,255 per month. The average monthly benefit for individuals remains
As the 2025 deadline for the expiration of the tax breaks enacted by former President Donald Trump via the Tax Cuts and Jobs Act of 2017 approaches, both President Joe Biden and Trump have promised to extend these tax breaks for the majority of Americans. These tax breaks include lower federal income brackets, higher standard
Apple users will soon have the ability to utilize buy now, pay later loans from Affirm for their purchases, the two companies revealed on Tuesday. This collaboration will make Affirm an option for U.S. Apple Pay users on their iPhones and iPads later this year, as shared by the San Francisco-based fintech company in an
