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According to Axios: Trump convened a situation room meeting this afternoon local time to discuss possible new strikes against Iran.
Oracle (ORCL.N): Total cloud revenue is expected to grow by 57% to 63% in the first fiscal quarter at constant currency.
Oracle (ORCL.N): First fiscal quarter total revenue is expected to grow by 27% to 29% at constant exchange rates and in US dollars.
Oracle (ORCL.N) projects its revenue target for fiscal year 2027 to be $90 billion.
Oracle (ORCL.N): It expects to raise approximately $40 billion through a combination of debt and equity financing in fiscal year 2027.
Oracle (ORCL.N) shares fell more than 5% in after-hours trading.
Oracle (ORCL.N) reported $9.9 billion in cloud revenue for Q4 of fiscal year 2026.
Oracle (ORCL.N) reported revenue of $19.2 billion for Q4 of fiscal year 2026, compared to market expectations of $19.095 billion.
The Dow Jones Industrial Average closed down 953.21 points, or 1.87%, at 49,918.90 on Wednesday, June 10; the S&P 500 closed down 119.65 points, or 1.62%, at 7,267.00; and the Nasdaq Composite closed down 509.32 points, or 1.98%, at 25,169.50.
New York gold futures fell below $4,100 per ounce, down 4.36% on the day.
The S&P 500 Technology Index fell 2.3%, down 11% from its record closing high on June 2.
June 11 - U.S. stocks closed lower on Wednesday, with the Dow Jones Industrial Average down 1.87%, the S&P 500 down 1.61%, and the Nasdaq Composite down 1.98%. Advanced Micro Devices (SMCI.O) fell nearly 28%, while Tesla (TSLA.O) and Nvidia (NVDA.O) both fell more than 3%. The Nasdaq China Golden Dragon Index closed down 0.28%, NetEase (NTES.O) rose nearly 4%, and GDS Holdings (GDS.O) fell 7%.
Iran's ambassador to the United Nations stated that the United States cannot force a sustainable agreement with Iran through threats, intimidation, or the use of force. Iran has never negotiated under threat and will never succumb to pressure or coercion.
Supermicro (SMCI.O) shares fell more than 25% after the company announced plans to raise $7 billion through equity financing.
On June 11, following Trump's remarks about possible further attacks on Iran, Ibrahim Aziz, head of the Iranian Parliament's National Security Committee, posted a strong statement on social media. He stated, "We are not afraid to fight the losers. American casualties are already far higher than Trump has admitted, and will continue to rise. This time, the war will not be confined to this region. We will wait and see!"
On June 11, the U.S. Department of Energy announced on Wednesday that the United States is seeking to lend up to 40 million barrels of its Strategic Petroleum Reserve (SPR) to energy companies to help lower fuel prices. This plan is part of a previous agreement to release 172 million barrels of SPR. To date, the U.S. has lent approximately 133 million barrels of crude oil under that agreement. In March of this year, following the U.S. and Israel's war against Iran on February 28, the U.S. reached an agreement with approximately 30 member countries of the International Energy Agency to release approximately 400 million barrels of strategic reserves to help stabilize the international oil market. Currently, U.S. SPR inventories stand at 349.2 million barrels, the lowest level since August 2023. Companies that borrow crude oil must return an equivalent amount of crude oil and pay a premium of up to 24% in the form of additional crude oil.
The Nasdaq fell as much as 2% in late trading, the Dow Jones Industrial Average dropped 1.6%, and the S&P 500 fell 1.5%.
According to the Financial Times, the EU plans to continue providing free carbon emission allowances to businesses into the 2040s, eliminating the current 2039 deadline.
According to the Financial Times, the EU plans to provide protection for relevant industries in the future, shielding them from future carbon costs, provided that these companies invest within the EU.
On June 11, Colombian President Petro Petro responded to reports of his "temporary suspension" on June 10, stating that he had not been suspended and that only a member of Congress had made the request to the House Inquiry and Indictment Committee. Speaking to the media during a UN Security Council meeting in New York, Petro emphasized, "You are not dealing with a suspended president." He stressed that the Inquiry and Indictment Committee has no power to suspend the president of the republic, and that presidential suspension should be decided by the Senate. Petro believes the current action violates Colombian law and could trigger legal proceedings in the Supreme Court. Petro also accused the congressman who initiated the decision, claiming he had made numerous demands on the government and implying the actions constituted "extortion."
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