The U.S. dollar notched a third consecutive session of losses against major currencies including the euro, yen and Swiss franc, amid U.S.-China tensions and as markets assess remarks from Federal Reserve officials.
Oracle expects cloud infrastructure revenue to be $166 billion in fiscal 2030. CEO Clay Magouyrk gave the prediction during a meeting with financial analysts, sending shares up 5%. Oracle said last month that it has racked up hundreds of billions of dollars worth of infrastructure bookings
BlackRock has redesigned one of its money market funds to meet new US stablecoin rules. The $13.5 trillion asset manager said the revamped fund will help manage reserves for companies behind US dollar-pegged stablecoins, offering them a safe place to park customer funds.
Gold prices rose to end last week, hovering near record highs and heading for a seventh consecutive weekly gain, supported by growing concerns over the economic impact of a prolonged U.S. government shutdown and expectations of interest rate cuts.
Bitcoin, the world’s largest cryptocurrency by market value, hit a record high, crossing $125,000 for the first time in history. Bitcoin’s previous record was $124,480 in mid-August, buoyed by friendlier regulations from U.S. President Donald Trump’s administration
Japanese shares are expected to keep setting records even as the nation’s currency and bonds sputter after fiscal dove Sanae Takaichi was elected on Saturday to lead the ruling party and become prime minister.
