Oracle shook off fears about AI spending, but its stock still loses ground
“Several of Oracle’s bear cases were addressed head on” in the latest earnings report, according to an analyst.
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Wheat Leads the Grains Rally on Friday
The wheat complex was in rally mode on Friday, closing with double digit strength across the three exchanges. Chicago SRW contracts was 15 ¼ to 20 ¾ cents in the green on the day, with nearby September up 40 ½ cents on the week. KC HRW futures were up 17 ¾ to 22 cents at…
Rocket Lab Just Postponed Its Neutron Launch. Again.
In case you hadn’t heard, Rocket Lab (RKLB +2.69%) had some horrible news to tell investors last week (except it’s not really so horrible). Once again, the company has decided to postpone the inaugural launch of its new Neutron reusable rocket. What’s more, Rocket Lab is being pretty vague about exactly when it hopes to…
Sovereign wealth funds return to China
Sovereign wealth funds are pouring billions of dollars back into mainland China and Hong Kong, reversing a sharp investment slump, with Middle Eastern investors leading the charge. Investments into mainland China and Hong Kong surged to $14.2 billion in the first nine months of 2026, surging 190% compared with the funds’ investments through the entire…
Berkshire Hathaway shares hit eight-month high
The conglomerate that Warren Buffett built rallied to an eight-month high this week. There could be more gains ahead if they play catch up with the S&P 500.
Another Modest Drop in Mortgage Apps, But Next Week Should Bounce
Mortgage application activity declined for a second consecutive week as higher borrowing costs continued to weigh on both purchase and refinance demand. The Mortgage Bankers Association (MBA) reported a 2.9% decrease in total application volume on a seasonally adjusted basis for the week ending July 31. Purchase applications decreased 4% from the previous week on…
