Bill.com Holdings Inc. Chief Executive René Lacerte is optimistic that the COVID-19 crisis will drive a longer-term shift to remote work that increases the demand for digital accounting tools. The company already saw signs of those trends in its recently ended fiscal fourth quarter, as it added 6,700 net new …
Read More »Gold falls into volatile trading as investors digest Powell’s Jackson Hole speech
Gold futures moved Thursday lower in volatile trading that saw prices in both directions up as much as 2%. Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole Economic Symposium that were seen as offering a more accommodative monetary …
Read More »Donald Trump supports an Oracle Takeover of TikTok. Oracle Should Just Say No.
Text size Oracle founder and chairman Larry Ellison Phillip Pharaoh / Getty Images The week started with strange news: Oracle apparently considered a bid for TikTok. Even touching is that hardly anyone on Wall Street talks about it. This would be a big deal. Oracle (ticker: ORCL) is a 43-year-old …
Read More »Gold prices are higher to stop disk, but mark first back-to-back weekly fall since March
Gold futures took a small gain on Friday to stop a third consecutive slide, but the advance of the precious metal for the day was not enough to prevent the first back-to-back weekly declines since the COVID-19 pandemic began in March . Experts say a resurgence in US dollar investors …
Read More »Nvidia could become Apple’s data center, analysts say
Nvidia Corp. could come to dominate the data center in the way Apple Inc. did. smartphones did, according to one analyst amid several glowing reports from Wall Street after the chip company reported a spectacular quarter and outlook. Nvidia NVDA, + 3.64% shares traded up plus-minus 2% on Thursday, closing …
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