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Trump Hails Iran's Full Hormuz Reopening, Oil Plunges After He Claims Iran Will 'Never Again' Close Waterway
Trump Hails Iran's Full Hormuz Reopening, Oil Plunges After He Claims Iran Will 'Never Again' Close Waterway
Summary
Trump Praises Iran for Fully Reopening Hormuz Chokepoint; Crude Tanks, Yields Dump, Equity Futs Up; Follows by claiming Iran will 'never again' close it
Iran's Aragchi says "Strait of Hormuz is declared completely open"
US mulls cash-for-uranium deal as 'three-page' MOU peace plan takes shape. Trump claims US will get the 'nuclear dust'. - and all without help of 'Paper Tiger' NATO
Peace talks reportedly on Sunday in Islamabad
Odds of a permanent peace deal by the...
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Oracle Rises After Cloud Revenues Beat Thanks To Massive CapEx, Soaring Debt
Oracle Rises After Cloud Revenues Beat Thanks To Massive CapEx, Soaring Debt
Earnings season may be over, but the occasional earnings reports are still trickling through, and moments ago we got the latest off-season report from the most indebted company in AI, Oracle, which reported adjusted revenue for the first quarter that beat the average analyst estimate, and which helped push the stock higher, but just barely above where it opened.
Here's what ORCL reported moments ago for its fiscal first quarter:
Adjusted revenue $19.35 billion, +30% y/y, beating estimates of...
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