Corporate Activity Highlights - Oracle is nearing a significant $20 billion multi-year AI cloud computing deal with Meta Platforms, indicating intense competition and investment in the AI sector, which led to a 4.4% surge in Oracle's stock [2][9] - Boeing is poised to secure a substantial order for 250 jets from Turkish Airlines, reflecting the airline's strategy to diversify its fleet amidst ongoing production challenges [3] - Genuine Parts Company is considering a separation of its auto parts business, while Aptiv is evaluating the sale of its electrical distribution unit, aiming to streamline focus on higher-margin businesses and unlock shareholder value [4][9] Sovereign Ratings - Morningstar DBRS downgraded France's Long-Term Foreign and Local Currency Issuer Ratings to AA from AA (high), citing a gradual fiscal consolidation path and political fragmentation, placing France's rating below some major economies [5][9] - Norway's Long-Term Foreign and Local Currency Issuer Ratings were confirmed at AAA with a Stable trend, highlighting its strong public sector wealth and prudent management of oil revenues [6][9] Economic Data - US bank deposits increased by $12 billion, reaching a total of $18.413 trillion, indicating overall health in the banking sector [7][9] - Major U.S. stock indices closed higher, with the Dow Jones Industrial Average rising 0.42%, the S&P 500 gaining 0.50%, and the Nasdaq Composite increasing by 0.74%, reflecting optimistic investor sentiment [10][9]

Oracle is in talks with Meta on a $20 billion AI cloud computing deal, Bloomberg News reported on Friday. ...

No matter how you look at it, Palantir Technologies (PLTR -0.34%) is one hot stock. The share price of the artificial intelligence (AI) and data analytics software company has more than doubled year to date. Is Palantir the hottest stock on the market? Nope, not by a long stretch. Despite the impressive gain, it's not even the best-performing large-cap stock. The top 10 | Stock | Sector | Market Cap* | YTD Gain* | | --- | --- | --- | --- | | CoreWeave (CRWV -6.94%) | Technology | $61.5 billion | 216% | | Ro ...