Good morning. It’s Jeremy here, filling in for Andrew, who is now on paternity leave for a bit. So you’ll see a rotating cast of Fortune tech journalists writing this newsletter for a few weeks. Fortune Brainstorm Tech wrapped yesterday. Here were a few highlights from the final day of the conference: Tom Hale, the…
NEW YORK — Wall Street inched to more records on Wednesday following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the artificial intelligence boom. The Standard & Poor’s 500 rose 0.3% and set an all-time high for a second straight day. The Dow Jones industrial average dropped 220 points,…
Oracle chairman and co-founder Larry Ellison, the father of Paramount Global’s new owner David Ellison and a major investor in the media company after its merger with Skydance, just saw his wealth soar by over $100 billion. The company reported stellar earnings late Tuesday with a massive backlog of contracts for its Cloud business that…
2025-09-10T17:01:46Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Oracle stock saw its…
Oracle co-founder and chairman Larry Ellison has dramatically shaken the billionaire landscape with a staggering $70 billion surge in a single day, narrowing the gap with Elon Musk, the world’s richest person. This extraordinary gain follows Oracle’s better-than-expected quarterly results and an aggressive growth forecast, particularly in cloud computing and AI services. Ellison’s net worth…
Oracle founder Larry Ellison, who once mocked cloud computing as “complete gibberish,” is now the second-richest person on Earth, overtaking Amazon’s Jeff Bezos and Meta’s Mark Zuckerberg. With a net worth of $288 billion, he is behind Elon Musk who has a net worth of $3379 billion, as per Bloomberg Billioniare Index. The reason: Oracle’s…
In a dramatic reshuffling of the global billionaire rankings, Oracle co-founder Larry Ellison has surged to the second spot, overtaking Jeff Bezos and Mark Zuckerberg. His net worth has skyrocketed to an estimated $275.9 billion as of July 2025, following a 32% surge in Oracle’s stock in June alone. Ellison, who still owns nearly 41%…
TikTok will launch a new U.S.-exclusive version of its app on app stores on September 5, as part of an ongoing effort to comply with federal legislation requiring the divestment of its American operations due to national security concerns, The Information reports. The existing version of TikTok, internally codenamed “M,” will be removed from U.S….
The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the US expansion of artificial intelligence, according to four sources familiar with the planning. Top economic rivals US and China are locked in a technological arms race and with it secure an economic and military edge. The huge…
In This Story If you thought last week was a heavy one for markets — big intraday swings, shifting sentiment — just wait. Another packed slate of earnings and economic data is on the way, offering one of the clearest views into the health of American business yet this year. Think Amazon (AMZN), Meta (META),…