Oracle is reportedly investigating hacks of some customers' E-Business Suite applications after hackers who said they were affiliated with a ransomware group claimed to have breached the applications. The hackers demanded ransoms, in one case $50 million, from the large organizations they contacted, Bloomberg reported Thursday (Oct. 2), citing unnamed sources.
With Donald Trump expected to sign a deal that will keep TikTok operating in the U.S.
Oracle is transitioning from a database leader to a core AI infrastructure provider, supported by major contracts with OpenAI and TikTok. Oracle's technical advantages, strong customer relationships, and unique multi-cloud strategy position it for outsized growth despite intense competition from hyperscalers. Despite a premium valuation, Oracle's robust RPO backlog, rapid cloud growth, and ambitious revenue targets suggest significant upside potential.
Billionaire investor Seth Klarman, who has a net worth of more than $1 billion, is a very smart portfolio manager who runs the show over at Baupost Group.
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President Donald Trump insists he has found a solution to keep TikTok alive in the United States through a group of investors who will buy the short-video app from its Chinese owners in accordance with US law.
A U.S. slice of TikTok is being valued at $14 billion according to Vice President JD Vance. The parent company, China's ByteDance, has been valued at more than $200 billion.
President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok's U.S. operations to U.S. and global investors will address the national security requirements in a 2024 law.
CNBC's Eamon Javers and Eunice Yoon join 'Squawk Box' to break down President Trump's executive order to keep TikTok running in the United States.
Donald Trump on Thursday signed an executive order laying out a proposed deal for a US version of TikTok that would see Chinese ownership reduced to 20% and put control in the hands of the president's allies.
“I spoke with President Xi,” Trump said. “We had a good talk.
ORCL's cloud revenues surge as a bold $35B data center expansion and major AI contracts fuel long-term growth ambitions.