Oracle signed four multi-billion contracts in its latest quarter that inflated revenue that it expects to collect, sending shares soaring in after-hours trading.

Larry Ellison’s fortune rose by around $100 billion as multibillion-dollar contracts sent shares surging; they closed up by nearly 36%. 

The database-software company notched billion-dollar contract wins in its latest quarter, sending shares soaring.

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Larry Ellison’s fortune rises by $100 billion as multibillion-dollar contracts sent shares surging; they closed up by nearly 36%. 

Larry Ellison’s fortune rose by around $100 billion as multibillion-dollar contracts sent shares surging; they closed up by nearly 36%.

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Oracle co-founder Larry Ellison, seen here in 2019.

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Oracle

 shares surged by as much as 43% Wednesday after the software company said it won several billion-dollar contracts in its latest quarter. The wins revealed 

 in the booming artificial-intelligence race than was previously understood.

The database-software company has $455 billion in outstanding contract revenue that it expects to collect for the latest quarter that ended in Aug. 31. Those performance obligations were up more than fourfold from the same quarter last year.

Oracle Shares Skyrocket as Software Giant Scores Massive AI Deals

Oracle’s Backlog Surges With Major Customer Deals in First Quarter

Larry Ellison’s fortune rises by $100 billion as multibillion-dollar contracts send shares surging

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BlackRock’s plan to democratise private credit could backfire

Barclays taps McKinsey partner to lead mass affluent business

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Consulting giant loses European wealth and asset management practice co-head

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Emily Hackett joins the US exchange operator’s European business

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Democrats want CEO Jamie Dimon and other executives to testify about keeping Epstein as a bank client until 2013.

Senators Call for Hearings About JPMorgan’s Ties to Jeffrey Epstein

The U.S. currency’s rise and fall from prominence in the early 20th century offers lessons for today’s political leaders.

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Could the U.S. Dollar Lose Its Dominance? It Did Once Before

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Epstein Once Listed Goldman’s General Counsel as an Executor on His Will

Robinhood Social will allow users to post their trades and track those of public figures, like Meta’s Mark Zuckerberg and former House Speaker Nancy Pelosi.

Robinhood, a Broker Built for Social-Media Age, to Launch Its Own Social Network

The order allows Cook to remain on the central bank’s board for now while her legal challenge proceeds.

Judge Blocks Trump From Removing Fed Governor Lisa Cook

The debut was the latest sign that a long-suffering IPO market is alive and kicking.

Klarna Rises 15% in First Day of Trading on NYSE

Shares in both banks rose as the deal to reshape Italy’s financial landscape is now set to go through.

Italy’s Monte Dei Paschi Secures Control of Mediobanca in Deal Valued at $19 Billion

The Citadel CEO wrote in an opinion piece that President Trump’s attack on the Federal Reserve “carries steep costs.”

Ken Griffin, a Republican Megadonor, Is Wall Street’s Loudest Trump Critic

Ken Griffin, Republican Megadonor, Is Wall Street’s Loudest Trump Critic

Leaders at the world’s most valuable startup have discussed the prospect of moving out of California if regulators complicate OpenAI’s transition to a for-profit company.

OpenAI Executives Rattled by Campaigns to Derail For-Profit Restructuring

A fundraising led by Europe’s biggest tech company gives the region’s top AI contender new firepower in its quest to build homegrown models.

Mistral AI Doubles Valuation to $14 Billion With ASML Investment

The Long-Term Stock Exchange plans to petition regulators to allow public companies to share results less frequently.

The Renewed Bid to End Quarterly Earnings Reports

The 2.9% gain in August keeps the positive times rolling. Plus: A Financial Flashback to 105 years ago, the Wall Street bombing of 1920.

A network of ultrawealthy investors including Peter Thiel and Sam Altman are infusing the longevity industry with cash and making big bets on where the science is headed.

By Shane Shifflett, Amy Dockser Marcus and Alex Janin | Graphics by Rosie Ettenheim

The Billionaires Fueling the Quest for Longer Life

European defense-related IPOs hit at least a ten-year high in 2024, but valuations still trail those of their American peers.

European Defense Companies Ready IPOs Amid Higher Spending, Valuations

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The probe centers on whether the Fed governor submitted fraudulent information on mortgage applications.

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The Treasury secretary in a court submission said the lower-court loss is already hurting trade negotiations.

Trump Administration Seeks Swift Supreme Court Review on Tariffs

American Bitcoin’s public listing comes days after the Trump family made as much as $5 billion on paper from a separate digital token.

Trump Brothers-Backed Bitcoin Mining Company Surges After Nasdaq Listing

Republican Rep. Rob Bresnahan of Pennsylvania campaigned on ending the practice, but has become a top trader after entering office.

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The U.S. private-equity firm agreed to buy Australian share-registry provider Automic in the firm’s first local acquisition since opening its Sydney office.

Advent Acquires Australian Share-Registry Provider Automic

Annual inflation picked up pace a little in the eurozone last month, cementing expectations that the ECB will leave interest rates unchanged next week.

Eurozone Inflation Accelerates, Priming Continued Rate Pause by ECB

The WLFI token traded far above its previous value, confirming—at least on paper—a huge windfall for the president and his sons.

Trump Family Amasses $5 Billion Fortune After Crypto Launch

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A loss of independence at the Federal Reserve could have serious consequences for both the U.S. and the global economy, the eurozone’s top central banker warned.

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