Posts

Oracle's latest earnings have soothed investors' AI fears, and the stock is surging

Image
Justin Sullivan/Getty Images Oracle reported strong earnings on Tuesday, beating estimates on several key metrics. The results appear to be easing investors' fears about the breakneck pace of the AI buildout. Analysts praised the company and issued bullish takes following the report. The move : Oracle stock jumped as much as 14% to $177.76 on Wednesday. Shares of the tech company have been volatile in 2026, down 17% year to date. The chart: Why : Oracle reported earnings after close on Tuesday, coming in above Wall Street's estimates on both top and bottom line. The company posted revenue of $17.19 billion on earnings per share of $1.79, compared to analysts' prediction of $16.9 billion on $1.70 of EPS. Oracle also raised its guidance for the 2027 fiscal year to $90 billion. "The demand for cloud computing for AI training and inferencing continues to grow faster than supply," Oracle noted in an earnings statement. "Furthermore, some of the l...
Post a Comment
Read more

We tried on a lot of one-piece swimsuits, and these 13 were the clear winners

Image
When you buy through our links, Business Insider may earn an affiliate commission. Learn more Samantha Crozier/Business Insider I've accumulated plenty of bikinis to wear this summer, but finding a reliable one-piece swimsuit is more of a challenge. Being tall, I want something that doesn't cut me in half, and up top I need a supportive fit that flatters what I'm working with. As we searched for the best one-piece swimsuits, we had to test a lot of styles that, in the pursuit of looking modest, come off as matronly. That's not our goal here. Instead, we've rounded up the most stylish one-pieces with supportive fits that feel just as fabulous as a bikini. The best swimsuit will look different for everyone, which is why we made sure to include a range of one-pieces that'll fit different builds and personal tastes. Here are the best one-piece swimsuits our team of style editors recommend for their ability to keep us comfortable and confident, even after s...
Post a Comment
Read more

Mandiant’s founder just raised $190M for his autonomous AI agent security startup

Mandia, who sold his previous company Mandiant to Google for $5.4 billion in 2022, has launched an agentic security startup. from TechCrunch https://ift.tt/lSXjDWi via IFTTT
Post a Comment
Read more

Cut frivolous journeys and turn off computers during lunch: What countries are telling people to do as oil prices spike

Image
The AAA said that prices Dan Kitwood/Getty Images Nations across the world are taking steps to mitigate the impact of oil price spikes. These include flexible working arrangements and reducing non-essential journeys. Countries heavily reliant on Middle Eastern oil are particularly vulnerable to the war's impact. Governments around the world are taking measures to soften the blow of oil price spikes as the Iran war continues to raise concerns about prolonged supply chain disruptions . Oil prices rose above $100 a barrel for the first time in four years over the weekend, following significant disruptions to shipments through the Strait of Hormuz since the outbreak of the war. About 20% of the world's daily oil supply passes through the sea passage, meaning that disruptions can have an outsize impact on global energy markets. Thailand has already said it will stop exporting fuel to maintain domestic supplies, while other countries around the world are imposing restri...
Post a Comment
Read more

Periwinkle is making self-hosted social media on Bluesky’s AT Protocol even easier

Periwinkle offers managed hosting for AT Protocol users who want social media accounts on their own domains, with backups, storage, and migration tools. from TechCrunch https://ift.tt/D4StNbZ via IFTTT
Post a Comment
Read more

Palmer Luckey’s retro gaming startup ModRetro reportedly seeks funding at $1B valuation

The company launched its first product, a Game Boy-style handheld device called the Chromatic, in 2024. from TechCrunch https://ift.tt/75qNIJ6 via IFTTT
Post a Comment
Read more

Will the Pentagon’s Anthropic controversy scare startups away from defense work?

On the latest episode of TechCrunch’s Equity podcast, we discussed what the controversy means for other startups seeking to work with the federal government. from TechCrunch https://ift.tt/uyowACL via IFTTT
Post a Comment
Read more