Financial News & Analysis
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Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants
Oracle cuts 21,000 jobs over past year, citing AI adoption, reflecting broader tech layoff trend.
Tech Losses Pile Up as Investors Focus on AI Risks
Tech losses mount as investors focus on AI risks and potential rate hikes.
Digital Euro Clears Key Hurdle to Rollout in EU Parliament
EU Parliament clears way for digital euro legal framework, boosting CBDC adoption.
Singtel sells $773 million Thai energy stake as it ramps up AI and data center investments
Singtel sells Thai energy stake for $773M to fund AI and data center investments.
Tech rout intensifies as selloff grips global stocks
Global tech stocks plunge, extending losses from Wall Street, sparking broad market selloff.
Indonesia Orders Miners to Provide More Coal Amid Blackouts
Indonesia mandates increased domestic coal supply to avert blackouts, straining miners and energy security.
ECB’s Escrivá Says Oil Starting to Ripple Through Other Sectors
ECB official warns high oil prices are spreading to other sectors, signaling persistent inflation.
ECB’s Lane Sees Danger Inflation Will Top 2% for Some Time
ECB's Lane warns inflation may stay above 2% target for extended period.
Euro Hits August Low as Lagarde’s Rates Talk Diverges From Fed
Euro falls to August low as Lagarde's dovish comments diverge from Fed, signaling weaker Eurozone economy.
High Frequency Traders Expand Push Into Currency Options Market
High-frequency traders expand into currency options, increasing market liquidity and efficiency.
Big Tech leads sell-off in global stocks
Big Tech sell-off reverses SpaceX rally, dragging global stocks lower.
US and Qatar claim EU methane rules will trigger gas supply crunch
US and Qatar warn EU methane rules may cause gas supply crunch, disputed by experts.