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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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Feb 16, 2026 / Tyler Durden
Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships
Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships
South Korea is tightening the race with China in global shipbuilding after U.S. plans to curb Chinese-built vessels disrupted order flows and redirected demand , according to Nikkei.
Worldwide new orders fell 27% in 2025 to 56.42 million compensated gross tonnage (CGT) — the first annual drop in two years — according to U.K.-based Clarksons Research.
China remained No. 1 but saw orders tumble 35% to 35.36 million CGT, shrinking its share to 62.7%. South Korea, ranked second,...
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Apr 22, 2026 / Tyler Durden
Not So Fast: Virginia Judge Blocks Redistricting Referendum
Not So Fast: Virginia Judge Blocks Redistricting Referendum
Update (1835ET): A Virginia judge ruled on Wednesday that the state’s redistricting referendum approved by voters a day earlier was invalid, nullifying the election results.
"Virginia voters have spoken, and an activist judge should not have veto power over the People’s vote," said Virginia Attorney General Jay Jones, adding that the state would appeal.
As American Greatness notes further, Tazewell County Judge Jack Hurley Jr. ruled that the referendum was likely unconstitutional as it violated procedural requirements in the Virginia Constitution, including the timing of the vote and the...
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Mar 12, 2026 / William L. Anderson
The Duke Lacrosse Case 20 Years Later: How Durham Law Enforcement Promoted a Criminal Conspiracy
The Duke Lacrosse Case would never have been a legal item had not the police and prosecutors of the case lied and broken the law on numerous occasions. Here is a small sampling of the lies they told.
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