Ellison Pledges $9.2 Billion More in Oracle Shares as Collateral
Larry Ellison has pledged 67 million more shares of Oracle Corp. as collateral for personal loans than he had at the same time last year.
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Larry Ellison has pledged 67 million more shares of Oracle Corp. as collateral for personal loans than he had at the same time last year.
On this episode of Stock Movers: - Baldwin (BWIN) shares are moving as Michael Dellโs family office and Sequence Holdings teamed up to acquire Baldwin Insurance Group Inc. in an all-cash deal valued at $7.7 billion. - SpaceX (SPCX) shares are moving after the Chief Executive Elon Musk said Sunday on social media platform X that he is "highly confident" the company will launch Nvidia's (NVDA) Vera Rubin NLV72 artificial intelligence computers in space next year. - Oracle (ORCL) shares are lower as Chairman Larry Ellison canceled his plan to sell as many as 50 million shares in the tech company, a holding worth $7.5 billion. (Source: Bloomberg)
US futures advanced ahead of the bell on Friday as oil prices retreated and Oracle Corp.โs better-than-expected results boosted tech sector sentiment. Investors await consumer price data later this morning.
S&P 500 Index futures are little changed as of 7:41 a.m. in New York. Earnings from Oracle will provide a read on the AI trade.
US futures were little changed Thursday morning as investors awaited inflation data and results from Oracle Corp. that were set to test investor tolerance for artificial-intelligence spending risk. Oilโs relentless climb as Iran signaled itโs ready for intense war added to inflation concerns.