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Oracle’s stock slides after earnings, as the steep price of AI spooks investors

Oracle beats on earnings, but stock drops on plans to raise another $20 billion

Oracle reported better-than-expected earnings and revenue for the fiscal fourth quarter on Wednesday while also raising its profit forecast for the year. The stock dropped 5% in extended trading as the company plans to raise more money to finance its AI buildout. Here's how the company did in comparison with LSEG consensus: - Earnings per share: $2.11 adjusted vs. $1.96 expected - Revenue: $19.18 billion vs. $19.10 billion expected Revenue increased 21% year over year in the quarter, which...

Sports betting is taking a bite out of gamblers’ grocery budgets, new research suggests

Valve will stop producing physical Steam gift cards because of scammers

Valve will stop producing physical Steam gift cards because of scammers This is why we can’t have nice things. Valve will not be renewing its stock of physical gift cards for Steam. The gaming company anticipates that the cards will be completely gone from retailers' shelves by the end of 2026.