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Semiconductor Stocks Tumble After Microsoft Balks At $3B Oracle Cloud Deal
Semiconductor Stocks Tumble After Microsoft Balks At $3B Oracle Cloud Deal
Chip stocks tumbled even further in late Tuesday trading following a report that Microsoft just walked away from talks with Oracle about leasing the company's cloud infrastructure because of concerns over security and compliance.
The deal, according to Business Insider, would have been worth over $3 billion - as large Silicon Valley tech companies are running short on computing power (more on that later).
The plan was to move some Microsoft workloads to Oracle Cloud Infrastructure, but Oracle's public cloud did not have the...
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Jun 17, 2026 / Tyler Durden
FBI Issues Warning For Vacant Property Owners
FBI Issues Warning For Vacant Property Owners
Authored by Naveen Athrappully via The Epoch Times,
American citizens who own vacant property parcels are being targeted by criminals in an identity theft scheme.
“Criminals create fake identifications (drivers licenses and/or U.S. passports), Outlook email addresses, and Voice over Internet Protocol (VoIP) generated phone numbers and use them to impersonate landowners,” the FBI said in a June 16 public service announcement alert.
An aerial view of single family homes in Miami, Fla., on Aug. 1, 2025. Joe Raedle/Getty Images
The malicious actors “can obtain property parcel...
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May 31, 2026 / Dave DeCamp
US Says It Fired Hellfire Missile at Cargo Ship Attempting To Reach Iran
US Central Command said on Saturday that its forces fired a Hellfire missile at a Gambia-flagged commercial vessel to prevent it from reaching an Iranian port as the US continues to attack civilian ships in its enforcement of a blockade on Iran. “US Central Command (CENTCOM) forces observed M/V Lian Star transiting international waters toward […]
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Jul 16, 2026 / Tyler Durden
Russia Struggles To Deliver Crude Oil As It Hits 135 Million Barrel Traffic Jam
Russia Struggles To Deliver Crude Oil As It Hits 135 Million Barrel Traffic Jam
Russia is struggling to deliver all of the crude it’s being forced to ship overseas in the face of escalating Ukrainian drone strikes on its refineries.
Nearly 135 million barrels of Russian crude oil are currently stranded at sea as a result of Ukraine’s airstrike campaign targeting refineries with the intent to cripple crude processing. The offshore backlog is forcing Moscow to significantly ramp up export volumes according to OilPrice.com.
Intensive Ukrainian drone strikes, including recent hits on the Gazprom...
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