Business

Oracle Posts Cloud Sales That Top Estimates on Surging AI Demand

Oracle Corp. reported growth in its cloud computing business that topped analysts’ estimates, suggesting the company’s large AI data center projects are helping boost its financial results.

Dispersion In High Yield Idiosyncratic: Steinbach

Margaret Steinbach, fixed income asset class lead at Capital Group, joins Scarlet Fu on "Bloomberg Deals." They discuss the gap between spreads between CCC and single B bonds in the high yield market. (Source: Bloomberg)

Intel-Backed Altera Seeking IPO as Soon as 2026, Reuters Says

Altera, a chipmaker backed by Silver Lake and Intel Corp., is preparing to file confidentially for an initial public offering that could occur as soon as this year, Reuters reported, citing people familiar with the matter.

Adobe beats third-quarter revenue estimates on AI product demand

Adobe beats third-quarter revenue estimates

Adobe Forecast Misses Estimates, Renewing Fears About AI Impact

Adobe Inc. gave an outlook for sales that narrowly missed analysts’ estimates, renewing concerns about pressure from artificial intelligence upstarts.

Silicon Valley Escalates Warnings About Existential Risks of AI

For years, some of the leading figures in Silicon Valley have warned that artificial intelligence might pose an existential threat to humanity even as they pushed to develop the technology. This week, the high-profile resignation of an…

Stocks are sliding as this ‘negative risk trinity’ spooks investors

Investors are taking a more cautious tack as rising bond yields and and a calendar riddled with risks — from Federal Reserve meetings to the U.S. midterm elections — inspire many to adopt a more cautious position.

NYC Transit Agency Prepares $785M Mansion Tax Bond Sale

Bloomberg's Michelle Kaske joins Scarlet Fu on "Bloomberg Deals." New York City’s transit network is planning to offer $785 million of debt backed by a levy on sales of luxury real estate. (Source: Bloomberg)

Connecticut Surplus Deposits to State Pensions Top $11B

Bloomberg's Martin Braun joins Scarlet Fu on "Bloomberg Deals." Connecticut transferred about $1.3 billion in excess revenue this latest fiscal year to underfunded state employees’ and teachers’ pensions, bringing surplus deposits to more…

Credit Has Been 'Well Behaved': Griffiths

Margaret Steinbach, fixed income asset class lead at Capital Group, and Zachary Griffiths, head of US IG & macro strategy at CreditSights, join Scarlet Fu on "Bloomberg Deals." (Source: Bloomberg)

Exclusive-Silver Lake, Intel-backed Altera prepares IPO that could raise over $2 billion as early as 2026, sources say