Author: Daniel snow

Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025.Joe Raedle | Getty ImagesOracle shares are on pace for their best week since 2001 as Wall Street cheers a strong earnings report and bullish comments on the company’s prospects in cloud computing.The stock is up about 24% for the week, with almost all the gains coming in the two trading days after the company’s quarterly earnings release. The last time Oracle had a better week was in April 2001, in the midst of the dot-com crash, when so-called dead-cat bounces were common.…

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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Wall Street moved lower Friday afternoon as tensions in the Middle East escalate following Israel’s attack on Iranian nuclear infrastructure. Iranian state TV said that it has suspended nuclear weapons negotiations with the U.S. — the two sides had been set to talk on Sunday. Not long afterward, as headlines around Iranian missile attacks in Israel surfaced, losses in the stock market picked up steam. The Dow Jones Industrial Average…

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Commercial traffic including critical global oil trade continues to flow through the Strait of Hormuz after Israel’s attack on Iran, but maritime shipping experts say there will be ongoing risk that safety measures taken by ship owners act as a de facto Strait of Hormuz slow down, if not outright closure.The situation is very tense, according to Jakob Larsen, chief safety & security officer at the Baltic and International Maritime Council, one of the largest international shipping associations, and he said BIMCO is receiving reports that more shipowners are exercising extra caution and are opting to stay away from the…

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Iran’s Supreme Leader Ayatollah Ali Khamenei speaks during a meeting in Tehran, Iran, May 20, 2025. Office of the Iranian Supreme Leader.Office Of The Iranian Supreme Le | Via ReutersCrude futures jumped about $5 per barrel on Friday after Israel launched airstrikes against Iran without U.S. support, raising fears among investors that the conflict could spread to disrupt oil supplies in the Middle East.The U.S. West Texas Intermediate contract that expires in July was last up 7.61% at $73.22 per barrel by 2:36 p.m. ET. The global benchmark Brent futures contract for August delivery rose 7.22% to $74.37 per barrel.Iran…

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