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Verizon drops 2 new plans as wireless customers flee high prices
TheStreet59d agobearish
Verizon drops 2 new plans as wireless customers flee high prices

After losing about 2.25 million customers in its wireless business over the past three years, mainly due to price increases, Verizon is following in the footsteps of its top rivals by introducing two new plans focused on simplicity and affordability to improve retention. In recent months, phone ...

JPMorgan drops blunt verdict on stock market rally
TheStreet59d agobearish
JPMorgan drops blunt verdict on stock market rally

Investors have several reasons to expect a more cautious message from JPMorgan. The S&P 500 rally has already been powerful; valuations are no longer cheap, and the market has been balancing Fed uncertainty, stretched positioning, and questions about how much good news is priced in. However, in ...

Oracle (ORCL) Cuts 21,000 Jobs As It Prepares $50 Billion AI Buildout
Simply Wall St.59d agobearish
Oracle (ORCL) Cuts 21,000 Jobs As It Prepares $50 Billion AI Buildout

Oracle (NYSE:ORCL) plans to reduce its workforce by about 13%, or roughly 21,000 employees, in fiscal 2026 as part of a broad restructuring. The company reported its largest-ever quarterly results alongside an AI focused expansion and a contracted backlog that now exceeds its market value. Oracle is preparing to raise up to $50b in new capital to fund AI infrastructure, with more than half of its backlog estimated to be tied to OpenAI related commitments. Oracle enters this restructuring...