TL;DR — Oracle’s remaining performance obligations rose to $664 billion in the quarter ended August 31, up $26 billion from May. Lease commitments not yet on its balance sheet rose $28 billion to $288 billion. Customer prepayments of $11.4 billion kept free cash...
TL;DR — Nvidia raised its buyback authorization by $150 billion to $235 billion on September 28. In the first half of fiscal 2027 it spent $39.8 billion repurchasing 203 million shares, yet its share count fell only 0.6% because employee equity kept adding shares....
TL;DR — The Fed raised rates a quarter point to 3.75%-4% on September 16, its first hike since 2023, and the median official now sees 4.1% at the end of 2027, up from 3.6% in June. The 10-year Treasury yield topped 5%. AI builders now financing with debt pay that...
TL;DR — Microsoft, Alphabet, Amazon and Meta are now guiding to a combined 2026 capex figure north of $700 billion, most of it AI infrastructure. Two of the four, Alphabet and Amazon, reported negative free cash flow this earnings season. A third, Meta, generated just...
TL;DR — Meta’s second-quarter revenue grew 28% to $60.8 billion, but net income fell 14% to $15.8 billion as costs jumped 55%, including $2.4 billion in legal charges, $1.18 billion in layoff severance, and a $4.62 billion quarterly loss at Reality Labs. The...
