ORACLE BEATS Q4 ESTIMATES, PLANS $40B FUNDING
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Oracle exceeded fourth-quarter revenue expectations with $19.18B in sales, up 21% year-over-year. The company plans to raise approximately $40B through debt and equity financing in fiscal 2027.
■ MORE FROM THE BUSINESS DESK
DoorDash will pay $131.5 million to settle claims of missing and miscalculated wages for New York City delivery workers. The company cited technical errors and disagreements over wage calculation methods.
Municipal governments are opposing a Trump FCC initiative that would preempt local broadband regulations. Cities argue that removing permit requirements and local oversight will slow network deployment rather than accelerate it.
The Securities and Exchange Commission has cleared digital versions of securities to begin trading in the United States. The approval moves forward despite crypto legislation failing a key Senate vote last week.
San Francisco filed a lawsuit against Trump Media & Technology Group, alleging the company's Truth API feed illegally sells early access to President Donald Trump's posts. The suit claims the scheme violates California's Unfair Competition Law and federal insider trading regulations.