Author: Money Mechanics

KEY TAKEAWAYS Oracle Monday named two new co-CEOs, including the former head of its cloud infrastructure business, to take over from Safra Catz as the software firm boosts its bets on AI.Oracle said Monday that Clay Magouyrk, president of Oracle’s cloud infrastructure business, and Mike Sicilia, president of Oracle Industries, will be co-CEOs.Oracle shares have surged this year as the AI boom boosted its cloud computing business. Oracle (ORCL) Monday named two new CEOs, including the former head of its cloud infrastructure business, to take over from Safra Catz as the software firm boosts its bets on AI. Oracle said…

(World Oil)– Chevron, Anadarko, and investment fund Westlawn have formalized a new partnership to advance hydrocarbon exploration offshore Peru, marking a significant step in revitalizing the nation’s upstream sector. The three companies signed amended license agreements with Perupetro for Blocks Z-61, Z-62, and Z-63 in the Trujillo basin, an offshore area covering 6,018 km² some 50 nautical miles off the coasts of Lambayeque and La Libertad. Anadarko will remain operator with a 35% stake, while Chevron and Westlawn take 35% and 30% respectively. The consortium recently completed Peru’s largest-ever 3D marine seismic survey, conducted between May and July 2024. Results are expected in early 2026,…

Key Takeaways Pfizer said it would pay as much as $7.3 billion for Metsera as it looks to profit from soaring demand for weight-loss medicines.Metsera investors will get $47.50 per share for each share they own, plus up to an additional $22.50 per share if the biopharma’s combination treatment for obesity meets certain thresholds. The news sent Metsera shares soaring in premarket trading. Metsera (MTSR) shares skyrocketed 60% in premarket trading after Pfizer (PFE) agreed to purchase the biopharma firm for up to $7.3 billion to jump into the lucrative weight-loss drug segment. Shares of Pfizer were up slightly. Pfizer…

Key Takeaways Shares in Oklo remain in focus after soaring last week as the Trump administration made nuclear energy a focal point in recent trade talks.After breaking out from a textbook ascending triangle early last week, the price accelerated higher, signaling a continuation of the stock’s long-term uptrend. The relative strength index confirms strong price momentum, though the indicator has climbed to a reading that has preceded prior consolidation periods.Bars pattern analysis projects a potential upside price target of around $410 and indicates the the trend could last until mid January next year.Investors should watch major support levels on the…

KEY TAKEAWAYS Shares of Tylenol maker Kenvue are dropping in morning trading Monday on a report that the White House is expected to make an announcement Monday linking pregnant women’s use of the painkiller to autism.According to The Washington Post, Trump administration officials plan to unveil that acetaminophen, the active ingredient in Tylenol, can lead to a higher risk of autism and will warn pregnant women against using the medication unless they have a fever.Kenvue said that scientific studies showed that there was no link between acetaminophen and autism. Shares of Tylenol maker Kenvue (KVUE) are dropping in morning trading…

Key Takeaways Christie’s International will buy Century 21 and Coldwell Banker owner Anywhere Real Estate in an all-stock deal valuing Anywhere shares at $13.01.Compass said the combination will create a firm worth $10 billion.Compass investors will hold 78% of the new company, with its founder and CEO, Robert Reffkin, taking the CEO position. Two of the biggest names in the real estate brokerage industry are joining forces. Christie’s International parent Compass (COMP) is acquiring Anywhere Real Estate (HOUS), which owns Century 21, Coldwell Banker, and others, in an all-stock transaction that would create a firm valued at some $10 billion.…

If you’ve ever felt like your business is growing but your wealth isn’t, you’re not alone. I see it all the time.On paper, the numbers look strong — revenue is up, profits are respectable — but when tax season rolls around, it’s like the wind gets knocked out of your sails. The success you’ve built suddenly feels diluted.And that’s the problem with how most business owners approach taxes. They treat them like a season instead of a strategy. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s…

KEY TAKEAWAYS President Donald Trump said that Rupert Murdoch and his son Lachlan Murdoch, as well as Dell CEO Michael Dell, may be involved in the group buying Chinese-owned TikTok’s U.S operations.Speaking on Fox News on Sunday, Trump also said Oracle co-founder Larry Ellison was part of the same group, as widely reported previously. Trump last week extended to mid-December the deadline under which TikTok parent ByteDance would have to sell the social media platform to a U.S.-based owner or be banned in the country over national security concerns. President Donald Trump said that Rupert Murdoch and his son Lachlan Murdoch,…

U.S. stock futures pointed lower early Monday after major indexes ended last week at record highs. Futures associated with the Nasdaq were down 0.4%, while  Dow Jones Industrial Average and S&P 500 futures were 0.3% lower. After the Federal Reserve last week elected to cut interest rates for the first time this year, market watchers will be eager for clues about whether more cuts are in store in the coming months. Several data points slated for this week should offer insight, including Friday’s scheduled release of the Fed’s preferred inflation measure, the Personal Consumption Expenditures index. Weighing on markets to begin the week is a potential…

When it comes to retirement, women face an unpleasant reality.Studies show that women, on average, are expected to live nearly six years longer than their male spouses.With this comes a significant wealth transfer — Empower.com projects that roughly $34 trillion in assets will move to women in the next decade, much of it due to the loss of a spouse. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and…