In this articleORCLwatch nowA version of this article appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Larry Ellison built the world's second-largest fortune by holding on to his Oracle shares over nearly five decades of ups and downs. At the same time, he's spent billions to fund his philanthropy, vast real estate holdings, sports investments and his son's fast-growing media ...

LONDON — Deliveroo CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago.Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its takeover by U.S. rival DoorDash is completed.DoorDash announced its deal to buy the British online takeout platform in May. The acquisition values Deliveroo at £2.9 billion ($4 billion)."I have decided that now is the right time for me to step down," Shu said in a st ...

The exterior of an Olive Garden is seen on June 20, 2025 in Austin, Texas.Darden Restaurants on Thursday reported mixed quarterly results, as Olive Garden and LongHorn Steakhouse helped offset weakness in its fine-dining business.The company also raised its full-year forecast for revenue growth, although it only reiterated its projections for its earnings. Shares of the company fell 6% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of an ...

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025.This is breaking news. Please refresh for updates.Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC products with the troubled chipmaker which took on the U.S. government as an investor last month.Nvidia is investing its stake at a price of $23.28 a share, a release from the company said. Intel shares jumped 33% to ...

The Nvidia logo appears on a smartphone reflecting the flags of China and the U.S. Nurphoto | Nurphoto | Getty ImagesBeijing has reportedly halted purchases of yet another AI chip from Nvidia, freezing it out of the market completely — a move industry experts say reflects the country's growing confidence in domestic chip makers and an attempt at gaining trade leverage.It was only a few months ago when Jensen Huang announced, from China, that the U.S. would allow it to resume sales of its made-for-China H20 ...

NEW YORK – Hyundai Motor is increasing its revenue expectations for this year, despite ongoing U.S. tariffs causing the automaker to lower its expected operating profit margin for 2025.The new targets call for an operating profit margin this year of between 6% and 7%, down from 7% to 8%, and an increase in revenue of between 5% and 6% — up 2 percentage points — compared with 175.2 trillion South Korean won (US$12.7 billion) in 2024.The South Korean automaker revised its financial targets Thursday ahead of a ...

Core Viewpoint - Novo Nordisk's late-stage trial results for its oral obesity pill demonstrate significant weight reduction and tolerability, comparable to its existing Wegovy injection, highlighting the company's advancement in obesity treatment options [1][2]. Group 1: Trial Results - The phase 3 Oasis 4 trial indicated that the oral semaglutide pill resulted in an average weight reduction of 16.6% after 64 weeks in patients with obesity or overweight and at least one weight-related comorbidity [2]. - The oral treatment, referred to as the "Wegovy pill," provides an important alternative to the existing once-weekly injection, according to Novo Nordisk's Chief Science Officer [2][3]. Group 2: Efficacy and Safety - The company successfully demonstrated that the oral tablet can achieve the same efficacy, safety, and tolerability as the injectable version, allowing patients to choose between the two forms of treatment [3]. - The oral treatment utilizes the same Semaglutide GLP-1 medication that is the foundation of Novo Nordisk's current obesity and diabetes treatments, Wegovy and Ozempic [4]. Group 3: Regulatory Status and Production - The oral pill is currently under review by the U.S. Food and Drug Administration, with a decision expected in the fourth quarter of this year following its New Drug Application submission in February [5]. - If approved, the production of the pill will be fully based in the U.S., aligning with the trend of global pharmaceutical firms increasing their investments in U.S. manufacturing [5].

A person walks past a display of an Atlas 900 AI cluster at the Huawei stand during the World Artificial Intelligence Conference at the Shanghai World Expo and Convention Center in Shanghai on July 28, 2025.BEIJING — Chinese telecommunications giant Huawei announced Thursday new computing systems for powering artificial intelligence with its in-house Ascend chips, as it steps up pressure on U.S. rival Nvidia.The company said it plans to launch its new "Atlas 950 SuperCluster" as soon as next year.The U.S. h ...

The Bank of England (BOE) in the City of London, UK, on Monday, Dec. 16, 2024.LONDON — European stocks are expected to open higher on Thursday, as traders evaluate the U.S. Federal Reserve's rate cut on Wednesday.The U.K.'s FTSE index is seen opening 0.18% higher, Germany's DAX up 0.65% France's CAC 40 up 0.37% and Italy's FTSE MIB up 0.31%, according to data from IG.Global markets are assessing the Fed's decision to cut its benchmark overnight lending rate by 25 basis points on Wednesday.In an 11-to-1 vote ...

Group 1 - The airline plans a 25% cut in capacity over 2024 to optimize its network and focus on stronger markets [1] - The CEO indicated that job cuts are likely as the airline negotiates with vendors and aircraft lessors to stabilize operations [2] - The company has already announced furloughs and demotions affecting hundreds of pilots, with plans to meet labor leaders soon [3] Group 2 - The airline is preparing to reduce its November schedule as part of cost-cutting measures following its second bankruptcy in less than a year [1][2] - The CEO emphasized the need for tough decisions to emerge stronger, acknowledging the uncertainty these changes bring to employees [2] - The company is committed to keeping employees informed as decisions regarding team sizes and efficiency are made [2]