• Dec 09, 2024

Oracle revenue misses Wall Street estimates amid stiff cloud competition

(Reuters) -Oracle's second-quarter revenue grew less than Wall Street expected on Monday, hit by stiff competition among database and cloud services providers, sending its shares down more than 7% in extended trading. While seeing healthy growth in its cloud segment, Oracle competes with cloud heavyweights such as Microsoft and Amazon, which have established a large presence in the field. Wall Street expectations for AI-linked firms have been high as they bet on the technology to be a strong growth driver in the future.

• Dec 09, 2024

FTSE giant deals £27bn blow to London stock market

One of the UK’s leading blue-chip companies is preparing to shift its listing from London to New York, dealing yet another blow to Britain’s beleaguered stock market.

• Dec 09, 2024

EU Countries Struggle to Implement MiCA as Deadline for Crypto Regulatory Revamp Looms

EU member states that have yet to adapt local law to implement MiCA by year's end include Belgium, Italy, Poland, Portugal, Luxembourg and Romania, according to a document shared with CoinDesk.

• Dec 09, 2024

GSK’s multiple myeloma ADC Blenrep was pulled from the market. Now, it’s poised for a comeback.

GSK’s cancer drug failed a confirmatory trial two years after an accelerated approval, but impressive new survival data could change the tide.

• Dec 09, 2024

Derive Protocol Crosses $100M in Value Locked as Bitcoin Whales Make Waves in Options Trading

Record activity in Derive's onchain options market is consistent with the broad-based demand for derivatives tied to all things crypto

• Dec 09, 2024

Chinese Stocks Pare Early Surge Stoked by Policy Optimism

(Bloomberg) -- A rally in Chinese shares ran out of steam, a sign that investors are hoping to see concrete steps from policymakers after their strongest pledge in years to revive economic growth.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon Valley AmbitionsNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Bac

• Dec 09, 2024

Crypto Investment Products See Record $3.85 Billion Weekly Inflows, Led by Bitcoin, Ethereum and XRP

Cryptocurrency investment products saw a record $3.85 billion in weekly inflows last week, pushing year-to-date inflows to $41 billion.

• Dec 09, 2024

MicroStrategy Purchases 21,550 Bitcoin for $2.1 Billion, Expanding Holdings to 423,650 Bitcoin

MicroStrategy, led by Michael Saylor, has continued its Bitcoin acquisition strategy, purchasing 21,550 BTC for $2.1 billion between Dec. 2 and 8, 2024.

• Dec 09, 2024

Dogecoin, XRP, and Solana Lead Declines as Bitcoin Drops Below $97K, Market Faces Widespread Losses

Bitcoin has experienced a significant drop, falling below $97,000 after briefly exceeding $100,000 earlier this week.

• Dec 09, 2024

Korean Stocks Gain After Losing $100 Billion to Political Crisis

(Bloomberg) -- South Korean equities rose for the first time since last week’s short-lived martial law thrust the country into political turmoil. The won climbed against the dollar. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Of