Oracle's Stock May Need Cash Infusion Soon

by MarketNewsData
  1. Oracle Corp. announced a partnership with a major telecommunications company to expand their cloud infrastructure services, driving their stock price up by 3%.
  2. The S&P 500 hit a record high today, fueled by strong earnings reports from tech giants like Apple and Amazon, with the index closing at 4,500 points.
  3. Unemployment rates fell to a new low of 3.8%, as more companies continue to hire and job openings reach a record high.
  4. The Federal Reserve announced plans to start tapering its bond-buying program in response to rising inflation concerns, signaling a shift in monetary policy.
  5. In international news, China’s GDP growth slowed to 7.9% in the second quarter, as the country continues to grapple with supply chain disruptions and regulatory challenges.

Read more at Barchart: Analysts Say Oracle May Need to Raise Cash Soon

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