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Stock market climbs as shutdown fears loom
Fastcompany· 2025-10-01 12:11
Most Innovative Companies Final Deadline: October 3 LOGIN SUBSCRIBE | FastCo Works advertisement BY Associated Press Listen to this ArticleMore info 0:00 / 0:00 U.S. stocks are coasting toward the finish of Wall Street's latest winning month on Tuesday. The S&P 500 fell 0.2% in afternoon trading but remains on track for a fifth straight winning month after setting a record last week. The Dow Jones Industrial Average was down 145 points, or 0.3%, as of 1:43 p.m. ET, and the Nasdaq composite was 0.3% lower. ...
Wall Street Closes September on a High Note, Dow Sets New Record Amid Looming Shutdown
Stock Market News· 2025-09-30 21:07
U.S. equity markets concluded Tuesday, September 30, 2025, on a positive note, with all three major indexes reversing earlier losses to finish in the green. This strong performance capped off a winning month and quarter for investors, despite the looming threat of a federal government shutdown at midnight Eastern Time. The Dow Jones Industrial Average notably achieved a new record high, underscoring a resilient market sentiment.Market Indexes Recap: A Strong Finish to SeptemberThe trading day saw a late-day ...
Oracle-OpenAI deal concentrates risk as contract hinges on Microsoft talks and Softbank-led raise
Youtube· 2025-09-10 20:10
Group 1 - Oracle has signed a significant $300 billion deal with OpenAI for cloud computing power, marking one of the largest contracts in this sector [1] - This 5-year agreement, starting in 2027, contributes to Oracle's reported future contract revenue backlog of $455 billion [2] - The deal indicates a return on investment for Oracle's Stargate data center project and justifies an increase in capital expenditures to $35 billion for the year [2] Group 2 - OpenAI's annual revenue is $10 billion, necessitating $60 billion to fulfill the contract with Oracle, indicating a substantial financial commitment from both parties [3] - Oracle may need to incur debt to acquire the necessary chips to meet the demands of the contract [3] - The arrangement reflects a high level of risk for both companies, as they are heavily reliant on this single contract to drive future growth [4]