Oracle will serve as security partner and cloud host for TikTok’s 170 million U.S. users. This provides Oracle with stable revenue outside its AI-focused contracts. Oracle plans $50B in capex next ...

Nike expects sales to decline due to continued weakness in China. (Maxim Shemetov/Reuters) ↗️ Oracle (ORCL): TikTok parent Bytedance formally agreed to form a new U.S. joint venture that will be 50% ...

Ty Roush is a breaking news reporter based in New York City. Larry Ellison became the third-richest person in the world again on Friday, passing Amazon’s Jeff Bezos, as Oracle’s shares rose after ...

Anita Ramaswamy, columnist at The Information, joins Marketplace’s Meghan McCarty Carino for this week’s Tech Bytes: Week in Review. Building artificial intelligence tools requires a lot of graphic ...

The deal marks the end of years of uncertainty about the fate of TikTok in the US. The venture will have a new American-majority board of directors and user data will be stored locally. TikTok's ...

Oracle's (ORCL) TikTok-induced rebound aided in a swift recovery for the broader market, with all three indexes logging healthy session wins to close out a tumultuous five days. Today's extended climb ...

The S&P 500 rallied again on Friday to finish a bumpy week with a slight gain. The market benchmark rose 0.9%. The Dow Jones Industrial Average Rose 182 points, or 0.4%. The Nasdaq Composite rose 1.3% ...

Oracle (NYSE: ORCL) missed revenue expectations and pushed out key data center timelines to 2028, triggering a broad reassessment of near-term AI infrastructure returns. Massive capital requirements, ...

TikTok's parent company, ByteDance, has agreed to sell a majority stake in its U.S. operations to avoid a national ban. A new joint venture will be formed with investors Oracle, Silver Lake, and MGX, ...

TikTok has signed a deal to spin-off its U.S. operations to a group controlled by mostly American investors, including software giant Oracle, a company run by billionaire Trump ally Larry Ellison.

It comes after Congress passed a law last year banning TikTok in the U.S. TikTok has signed a deal to form a new U.S. joint venture controlled by mostly American investors that include Oracle ...