📈 Stocks / Finance

Oracle rises 36% on $144B AI cloud revenue forecast

Yahoo Finance

Oracle shares jumped 36% after projecting AI-driven cloud revenue to hit $144B by 2030, up from $18B this year. Despite missing earnings, multibillion-dollar contracts and a 359% RPO jump fueled optimism. Market cap rose by $250B in its biggest gain since 1992.

Klarna surges 15% in largest IPO of 2025

AP News

Klarna rose 14.6% on its NYSE debut, closing at $45.82 after opening at $52. The $1.37B offering is 2025’s biggest IPO, boosting Klarna’s valuation and positioning it behind Affirm in the BNPL space. Backers like Sequoia and Silver Lake posted multi-billion dollar paper gains.

Stocks surge despite weak jobs and sticky inflation

Investopedia

The S&P 500 hit record highs despite slowing job growth and persistent inflation. Analysts cite falling interest rate expectations, a weak dollar boosting earnings, tariff adaptation, and AI-driven productivity as drivers behind the market’s divergence from economic data.

🪙 Crypto

SEC delays decisions on staking and altcoin ETFs

The Block

The SEC postponed decisions on staking features for Ethereum ETFs from BlackRock, Fidelity, and Franklin Templeton, and delayed approvals for new Solana and XRP spot funds. Over 90 crypto ETFs now await review, despite institutional demand for diversified digital asset exposure.

🌎 Global Economy

Global economy resilient to Trump tariffs, for now

Economic Times

Despite $156B in tariffs, global trade has avoided collapse as producers absorb costs and countries avoid retaliation. Goldman Sachs estimates two-thirds of tariffs will hit US consumers by October, raising concerns that future hikes could trigger retaliation and economic strain.