Oracle’s capital spending for 2026 exceeded its projection and the cloud computing company said on Wednesday it would raise more debt in 2027, reflecting the staggering scale of cash burn needed to build out its AI infrastructure.
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Somali soccer referee Omar Abdulkadir Artan returned home to a hero’s welcome on Wednesday after being barred from entering the U.S. for the World Cup, describing the decision as a matter of “fate” and urging his fellow Somalis not to lose heart over it.
The UN human rights office will deploy a team of investigators to Lebanon next week to assess potential violations of international law by all parties during the current war in the country, UN human rights chief Volker Türk said on Wednesday.
President Donald Trump on Wednesday appeared to embrace data showing inflation has risen more than 4%, telling reporters that he “loved” inflation and reiterating his belief that prices will fall as soon as the Iran war ends.
Thousands took to the streets of Albania’s capital Tirana on Wednesday in the largest demonstration yet against the development of a luxury resort planned by U.S. President Donald Trump’s son-in-law Jared Kushner.
When Nick Bilton, the new head of “60 Minutes,” showed up at his first staff meeting last week, the CBS newsmagazine was already in turmoil. His predecessor was fired days before and several correspondents had either left or were pushed out.
Oil prices rose nearly $3 a barrel on Wednesday after President Donald Trump said the U.S. is going to attack Iran “very hard” if no peace deal is finalized and as market data showed a larger-than-expected drawdown in U.S. crude inventories.
The S&P 500 is struggling to stay above a critical technical level after last week’s sharp selloff resumed on Tuesday. Traders will be watching closely to see whether it closes above or below that level on Friday, which may determine whether the U.S. benchmark index makes a fresh run toward record highs or deepens its retreat.
Wall Street’s major indexes extended declines on Wednesday, as technology stocks remained under pressure and renewed tensions between the United States and Iran overshadowed a tame inflation reading.
The World Cup will kick off under familiar North American summer threats: extreme heat, suffocating humidity and thunderstorms capable of delaying matches with little warning.