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Oracle maintains its capex forecast and reports cloud growth, sending shares up 7%

Oracle is holding the line on its data center spending forecast.On Thursday, Oracle reported $28.5 billion in first-quarter capital expenditures, up from $8.5 billion a year earlier. It kept its fiscal 2027 capital expenditure forecast at $90 billion to $95 billion, including data center spending. Its capex forecast has not changed from the guidance it first issued in June.Many major cloud companies have continued to raise their AI spending forecasts as they race to build…

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Business

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The 2026 NFL season has officially kicked off, and for Fanatics, it’s yet another football campaign to impact and enhance the fan experience.  For Fanatics Betting and Gaming, it began with the launch of Fanatics Sports & Casino, a single app that was launched last week that gives fans one…

Markets

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SpaceX sues to block release of tax-break records for its Texas Terafab project

Americans say they want transparency from AI companies.Someone tell Elon Musk.SpaceX filed a lawsuit in Texas this week to block the release of records related to tax breaks it received for Terafab, the 100-million-square-foot semiconductor factory it is building near Houston.The records, which Texas Attorney General Ken Paxton’s office said…

Investing

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