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Oracle's AI ledger is undergoing two major reductions: a 13% workforce reduction and the founder canceling a plan to sell over $7.5 billion worth of shares.

Oracle's AI ledger is undergoing two major reductions: a 13% workforce reduction and the founder canceling a plan to sell over $7.5 billion worth of shares.

Oracle is trading down labor costs for funding to expand its AI infrastructure, but Wall Street remains skeptical about the returns on this strategy. On September 14, according to internal emails and statements from three affected employees obtained by Business Insider, Oracle officially launched a new round of layoffs on

Following the closure of a key bypass pipeline, Saudi Arabia is reportedly seeking to increase crude oil exports through the Strait of Hormuz.

Following the closure of a key bypass pipeline, Saudi Arabia is reportedly seeking to increase crude oil exports through the Strait of Hormuz.

Saudi Arabia is seeking to further increase crude oil exports via the Strait of Hormuz to offset the impact of the attack on a key bypass pipeline. On Monday, September 14, Eastern Time, Bloomberg, citing sources familiar with the matter, reported that Saudi Arabia's crude oil shipments through

The default rate for private credit in the United States rose to 6.3%, a new record high, while the default rate for the software industry fell to 0.6%.

The default rate for private credit in the United States rose to 6.3%, a new record high, while the default rate for the software industry fell to 0.6%.

According to the latest data from Fitch, default pressure continues to accumulate in the US private credit market, with the default rate rising to its highest level on record. Uncertainty surrounding interest rates and inflation is putting pressure on the market. Fitch Ratings released a report on Monday stating that

Trump: Russia and Ukraine agree to halt attacks on energy targets; Zelensky: Willing to discuss a ceasefire in the energy sector.

Trump: Russia and Ukraine agree to halt attacks on energy targets; Zelensky: Willing to discuss a ceasefire in the energy sector.

There are signs of a temporary easing in the energy conflict between Russia and Ukraine. According to Xinhua News Agency, US President Trump said on social media on the 14th that Russia and Ukraine have agreed not to attack each other's energy targets. Trump also stated that the

EU natural gas prices hit a new high since the end of 2022; a cold winter is expected to trigger price shocks against a backdrop of low inventory.

EU natural gas prices hit a new high since the end of 2022; a cold winter is expected to trigger price shocks against a backdrop of low inventory.

The European gas market is facing its most severe supply pressure since the initial outbreak of the Russia-Ukraine conflict in 2022. Inventories are significantly below historical averages, and ongoing geopolitical conflicts in the Middle East continue to disrupt key shipping routes. With these multiple risks combined, a cold snap this

Tensions in the Red Sea escalate again as Houthi rebels launch large-scale attack on a Saudi airbase.

Tensions in the Red Sea escalate again as Houthi rebels launch large-scale attack on a Saudi airbase.

The Houthi rebels in Yemen launched a large-scale missile and drone attack on key Saudi military facilities, and coupled with severe damage to Saudi Arabia's East-West oil pipeline, the global energy supply is facing multiple shocks, causing oil prices to surge. According to Xinhua News Agency , Al-Masirah TV,

Microsoft joins OpenAI and Anthropic in collectively slowing down AI development, indicating a slowdown in cutting-edge AI research.

Microsoft joins OpenAI and Anthropic in collectively slowing down AI development, indicating a slowdown in cutting-edge AI research.

Microsoft has released a temporary code of conduct for its artificial intelligence models, setting several restrictions, making it the latest tech giant, after the Big Three, to publicly state that it is slowing down the pace of cutting-edge AI development. Mustafa Suleiman, head of Microsoft's AI business, said