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Oracle is losing favor among technology buyers to leading cloud computing vendors, according to J.P. Morgan. The firm lowered its rating to neutral from overweight for Oracle shares, citing negative results in a spending survey of chief information officers. Oracle’s “specific metrics in our large-scale CIO survey have arced over into negative territory, which makes
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WASHINGTON — Stephen K. Bannon, 10 months removed from the job of chief strategist to President Trump and five months after his ouster from the arch-conservative news site Breitbart News, is betting that Bitcoin and other cryptocurrencies can disrupt banking the way Mr. Trump disrupted American politics. Mr. Bannon won’t reveal very much about his
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Bond market volatility is on the verge of a comeback, according to Sit Investment Associates’ Bryce Doty. On CNBC’s “Futures Now,” Doty predicted the 10-year Treasury yield won’t stay under 3 percent much longer. “It’s going to be kind of turbulent,” the senior portfolio manager said Tuesday. “I’m still expecting some more white-knuckle moments.” Doty
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Media and telecommunications stocks shot higher in extended trading Tuesday after a federal judge ruled in AT&T’s favor on its $85 billion deal to acquire of Time Warner. Time Warner shares traded more than 5 percent higher in aftermarket trading. The widely anticipated ruling comes amid pent-up interest in forging combinations across the entertainment and
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Check out the companies making headlines after the bell on Tuesday: Shares of Time Warner surged more than 4 percent in extended trading, after a federal judge approved a proposed takeover by AT&T. U.S. District Court Judge Richard Leon imposed no conditions on the $85.4 billion deal, which the U.S. Department of Justice sued to
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