markets

J. Edward Moreno6/30/25

Oracle rises after it announces monster $30 billion annual revenue contract starting in fiscal 2028

Oracle rose sharply in early trading after it disclosed a new $30 billion contract and backed its 2026 guidance.

In a Monday morning regulatory filing, the tech giant said CEO Safra Catz is set to announce that the company has signed new cloud services contracts, including one that’s expected to generate more than $30 billion in annual revenue starting in its fiscal year 2028. For perspective on the size of that deal, Oracle’s entire revenue for fiscal year 2025, which just ended in May, was $57 billion.

Oracle also gave a de facto backing of its annual guidance for this year, saying that the contracts it has signed won’t affect guidance for fiscal 2026, which it gave during its June 11 earnings report.

President Trump also said Monday morning that the government has identified a potential buyer for TikTok, the popular social media app owned by Chinese company ByteDance. Oracle has been seen as a top contender for a potential forced TikTok buy, which has been put off several times now.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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