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Markets and investing
Oracle announced a major fundraising initiative totaling $20 billion through combined equity and debt offerings, aiming to finance its extensive artificial intelligence and cloud infrastructure build-out while targeting a tripling of revenue by fiscal 2030.
Markets and investing
Apple reported a fiscal fourth-quarter earnings beat driven by strong iPhone 18 Pro demand, but warned that rising memory chip costs will compress gross margins to 45-46% in the upcoming holiday quarter. Under new CEO John Ternus, the company is navigating supply constraints for its foldable iPhone Duo and implementing price hikes on older models to offset component inflation.
Markets and investing
State-owned Coal India Ltd. is advancing plans to list its subsidiary Mahanadi Coalfields Ltd. through an initial public offering that could raise up to $1 billion, with a potential launch as early as this month.
Markets and investing
While Chinese officials advocate for a free economic environment in Hong Kong, Beijing authorities are simultaneously deploying measures to influence asset prices on the mainland, including cooling the yuan and reviving stock market support tools.