Larry Ellison, CEO of Oracle Corp, is currently undergoing a launch event at its headquarters in Redwood Shores, California on June 10, 2014.
Noah Burger | Reuters
Following its spectacular growth forecast, the database software maker’s stocks Oracle It surged 36% on Wednesday, increasing its market capitalization by $244 billion. The company’s chairman, Larry Ellison, has held over 1.1 million Oracle stakes for over 25 years and has seen his net worth exceed $100 billion. In one day.
Unfortunately, for analysts covering stocks, their relationship with Oracle did not appear to admit their gift of visionary.
Another technology stock experienced a comfortable bump on the same day. Stocks Klarnathe fintech company most famous for its “buy now, pay after” service, has increased by 15% in its public trading debut. If only Klarna had offered BNPL to stock purchases, investors might have taken more stocks.
These powerful moves have boosted major US stock indexes. S&P 500 and Nasdaq Composite We were able to secure a new record high for the third consecutive year and secured a third consecutive victory. The US producer price index actually immerses in August, allowing more room for interest rate reductions in the Federal Reserve, but at this point it appears to have established more aggressive momentum in the market.
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And finally…
In this pool, a photo distributed by Russian state agency Sputnik, Russian President Vladimir Putin (LR) is walking alongside Chinese President Xi Jinping and North Korean leader Kim Jong.
Sergei Bobilev | AFP | Getty Images