"They'll Be Laughing No Longer": Trump Rejects Iran Peace Deal Response As "Totally Unacceptable"

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...

"Firing On All Cylinders, But..." US Manufacturing Surveys Send Mixed Signals In May With US hard data taking a beating (relative to expectations) last week (red line below), analysts remain hopeful that US Manufacturing will hold up (durable goods orders were solid) with this morning's Manufacturing PMIs set to signal stability. The final May S&P Global US Manufacturing rose to 55.1 (down from the 55.3 flash print) but the strongest since April 2022 ISM's Manufacturing PMI survey also signaled improvement, up from 52.7 to 54.0 (better than 53.0 expected). "At first glance, the...

Texas PUC Approves "Ride-Through" Rules For Data Centers By Diana DiGangi of UtilityDive, The Texas Public Utility Commission on Thursday unanimously approved rules that will require large computational loads, like data centers and crypto-mining facilities, within the Electric Reliability Council of Texas footprint to stay stable and connected to the grid through disruptions. Modern computational loads, Kenteel Engineering said in a June blog, are “engineered to protect extremely sensitive and expensive equipment,” and during a voltage dip are programmed to disconnect or enter momentary cessation. However, this presents a reliability problem, Kenteel Engineering...