Traders on the New York Stock Exchange are closely watching for a potential interest rate cut by the Federal Reserve in September to address concerns about a weakening economy. A recent disappointing payrolls report led to a sell-off last Friday, adding to the uncertainty in the market. Investors are now looking ahead to key economic…
Larry Ellison, the chairman and co-founder of Oracle Corp., announced during the Oracle OpenWorld 2017 conference in San Francisco that the company’s shares rose by 9% in extended trading after reporting fiscal first-quarter results that exceeded Wall Street estimates. The company’s revenue increased by 8% to $13.31 billion, with earnings per share reaching $1.39 adjusted….
Jim Cramer from CNBC shared his insights on what to expect on Wall Street next week. He mentioned the launch of the new iPhone 16 from Apple, earnings from Oracle, and a consumer price index reading. Cramer noted that September is typically a tough time for the market but remains optimistic about the new iPhone…