Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

Futures At Session Highs After Oil Drops Below $100 On India Hormuz Transit Hopes US stock futures rebounded from their overnight selloff, and were trading near session highs after three days of losses on Wall Street as Brent slipped below $100 a barrel and investors waited to see if the war in the Middle East would escalate further. The catalyst for the bounce was news that India asked Iran to allow its tanker armada through Hormuz, which would lead to a substantial easing of the global oil shipping blockade. And while it...

Oracle Jumps On Solid Earnings And Guidance Boost Despite Soaring CapEx And Cash Burn There was much anxiety ahead of Oracle's Q3 earnings release: yes, revenue growth would be solid but would it come at the expense of even more capex, which has sent the stock price tumbling more than 50% since its record high on Sept 10. In the end, it turned out the company had learned from recent mistakes and projected a goldilocks future: strong revenue and just right capex. Here is what Oracle reports for Q3: Adjusted EPS $1.79...

Dutch Treasury Banking Portal Goes Dark For 1,600 Public Institutions After Cyberattack The Dutch Finance Ministry informed members of Parliament in a letter on Monday about "unauthorized access" to several of its banking systems, including the digital portal for treasury banking. "Because of the ongoing forensic investigation and for security reasons, several systems have been temporarily taken offline, including the digital portal for treasury banking," Finance Minister Eelco Heinen wrote in the letter. Heinen warned that the cyberattack has resulted in "around 1,600 public institutions that hold their funds with the...