Tina Turner was an American-born singer. Known as the "Queen of Rock 'n' Roll."Hayman Capital Management founder and CIO Kyle Bass says "realism" is behind his bearish call for China's financial markets and economy. "In the long run you've got the Chinese economy circling the drain. You have the real estate market falling apart," he says on "Bloomberg Markets.
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Oracle revenue misses estimates as tough economy hurts cloud spendingCompanies have been trying to optimize their cloud budgets due to a global economic slowdown after a spurt in spending and adoption during the pandemic. Oracle, which was a laggard in the cloud sector, has played catch-up in a segment dominated by larger rivals such as Amazon Web Services and Microsoft.
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Apple event, Oracle earnings, Arm strategy: 3 ThingsApple (AAPL) announces design changes for the iPhone 15 ahead of its launch event later today. Oracle Corp. (ORCL) shares fall after reporting weaker-than-expected earnings, particularly in its revenue tied to its hardware segment. According to Bloomberg, Arm Holdings (ARM) could be changing up its strategy ahead of its IPO and refocusing its attention on designing growth-driven products. Yahoo Finance's Brad Smith highlights several of the top headlines making waves Tuesday morning.
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Updated Covid vaccines, Oracle earnings, Tesla stock jumps: Top StoriesThe U.S. Food and Drug Administration has approved updated Covid vaccines from Pfizer (PFE) and Moderna (MRNA) to combat new virus variants amid a surge in new cases and hospitalizations. Oracle (ORCL) shares moved lower in after-hours trading after reporting mixed fiscal first quarter results. Lastly, Tesla (TSLA) stock jumped after Morgan Stanley (MS) upgraded the stock to 'Overweight' from 'Equal Weight' and issued a $400 price target, citing a potential boost from its Dojo supercomputer. Yahoo Finance's Akiko Fujita breaks down the top stories of the day.
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