Oracle’s backlog for its cloud business skyrocketed, projecting growth to $144 billion by 2030. Stock surged 40%, adding $300 billion in market value. CEO Safra Catz signed multibillion-dollar contracts with major AI players. Oracle raised capex forecast to $35 billion, boosting AI chip stocks like Nvidia and AMD. Analysts praise Oracle’s AI leadership and growth potential. The S&P 500 and Nasdaq hit record highs amid renewed faith in the AI boom. Some analysts question Oracle’s customer concentration and profitability in AI cloud business. Oracle stock up 105% for the year, market cap exceeds $950 billion. 1. The unemployment rate has dropped to 4.2% in the latest government report, marking a significant decrease from the previous month’s 4.8%. This positive trend is attributed to an increase in job opportunities across various industries, providing hope for economic recovery.

2. A new study reveals that 75% of Americans have received at least one dose of the COVID-19 vaccine, with 60% fully vaccinated. These numbers signify a major milestone in the fight against the pandemic, as more people are protected against the virus and its variants.

3. The stock market saw a record high today, with the Dow Jones Industrial Average reaching an all-time high of 35,000 points. Investors are optimistic about the economy’s recovery and are pouring money into various sectors, driving the market to new heights.

4. A wildfire in California has destroyed over 10,000 acres of land and forced thousands of residents to evacuate their homes. Firefighters are working tirelessly to contain the blaze, but strong winds and dry conditions continue to pose challenges in their efforts to control the fire.

Read more at Yahoo Finance: Oracle’s ‘truly awesome’ quarter stuns Wall Street, sending stock up 40% and making Ellison world’s richest man