Breaking News
Dec 13, 2022
-
Oracle said revenue in the fiscal Q2 rose 18% to $12.3 billion and the company swung to a net income of $1.7 billion from a loss of $1.2 billion or 63 cents from 46 cents loss a share a year ago.
-
Sam Bankman Fried, the former CEO of the collapsed crypto exchange FTX faces criminal charges to defraud investors in the Bahamas. The SEC is also expected to bring a separate set of charges.
-
The Consumer Price Index rose at a slower pace of 7.1% in November after rising at 7.7% in October. Monthly increase slowed to 0.1% from 0.4% in October.
-
U.S. consumer inflation expectation for the year ahead declined to 5.2% in November from 5.9% in October, the lowest in 15 months according to the Federal Reserve Bank of New York survey.
-
Microsoft agreed to acquire a 4% stake in the London Stock Exchange Group and struck a 10-year partnership for its cloud computing services worth $2.8 billion.
-
Horizon Therapeutics agreed to be acquired by Amgen for $27.8 billion or $116.50 a share.
-
Coupa Software Inc agreed to be acquired by a private equity group Thoma Bravo for $8 billion or $81 a share and the deal is expected to close in the first-half of 2023.
-
Xi Jinping in Riyadh pushed Saudi Arabia and GCC countries for the settlement of crude oil purchase on Shanghai Petroleum and Natural Gas Exchange in a move to weaken the dominance of U.S. dollar.
-
China and Saudi Arabia pledged to expand cooperation in defense, security and agriculture after premier Xi Jinping's 4-day state visit to Riyadh and attending two conferences with Arab leaders.
-
China and Saudi Arabia pledge to expand cooperation in defense, security and agriculture after premier Xi Jinping's 4-day state visit to Riyadh and leading two conferences with Arab leaders.
Dec 12, 2022
Dec 10, 2022