First Major Weather Organization Declares El Nino Onset As Food Inflation Risks Intensify

SoftBank Attempt To Get Downsized $6 Billion OpenAi Margin Loan Stalls One month ago, Japanese tech giant SoftBank Group, was forced to downsize plans for a $10 billion margin loan backed by its OpenAI stake after facing hesitation from some creditors. Today, it couldn't even get that done after talks with potential creditors to raise the downsized $6 billion stalled amid rising concerns about the collateral value, Bloomberg reported citing people familiar with the matter.  As a result, the company is now considering various different fundraising options, although it could still move forward...

No Storybook Ending: Disney Plans Another Round Of Layoffs Disney turned a new chapter earlier this year when Josh D'Amaro took over the century-old entertainment giant from Bob Iger as chief executive. But the closely watched succession has occurred against the troubling backdrop of recent reorganization and a questionable turnaround effort, leaving Wall Street analysts with mixed feelings. The Wall Street Journal reports that D'Amaro is set to continue the layoffs that started under Iger's watch, with a new round of approximately 1,000 workers that could be announced in the near...

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...