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Oracle fired up to 30,000 workers via email after a 95% profit surge. Tech companies are cutting almost 1,000 jobs/day
Oracle quietly laid off up to 30,000 employees via email following a 95% surge in profits, a move that underscores how even record-breaking financial performance no longer guarantees job security in tech. The cuts reflect a broader industry-wide restructuring, with technology companies eliminating nearly 1,000 positions per day. As automation and AI reshape operational needs, the message is clear: profitability and headcount are increasingly decoupled.
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The SpaceX IPO Could Raise Over $75 Billion. Here's Everything Investors Need to Know.
SpaceX is eyeing a public offering that could exceed $75 billion, positioning it as the largest IPO in market history. The milestone would mark a seismic shift for the private space industry, bringing Elon Musk's rocket and satellite empire under public scrutiny for the first time. Investors should prepare for intense demand and considerable complexity given the company's sprawling operations across launch services, Starlink, and defense contracts.
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1 Artificial Intelligence (AI) Software Stock to Buy Hand Over Fist Before It Soars 62%, According to Dan Ives
Dan Ives of Wedbush Securities has raised his price target on Palantir to $230, implying a 62% upside from current levels. The bold call reflects growing conviction that Palantir's AI platform is positioned to capture a dominant share of enterprise and government AI spending. For investors looking for high-conviction AI plays, Ives' track record and Wedbush's consistent bullishness on tech make this an upgrade worth watching.
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The Artificial Intelligence (AI) Sell-Off Has Gone Too Far. Here Are the Stocks I'd Buy Before the Market Figures It Out.
The recent AI-driven market correction has created a rare buying window, with quality stocks trading well below their fundamental value despite strong underlying performance. Unlike the speculative froth of earlier AI hype cycles, these companies are posting concrete, measurable returns from AI integration — not just promises. Investors willing to act before sentiment shifts could position themselves ahead of a significant rebound.
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More Bad News Comes For This $40 Trillion Market. Bellwether Stock Falls To Record Low.
The commercial real estate market is facing renewed pressure as a bellwether stock sinks to an all-time low, signaling deeper stress across the $40 trillion sector. The decline adds to a growing list of warning signs that have rattled investors and lenders alike. With interest rates remaining elevated, the pain in this market shows little sign of letting up.
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