Oracle Q4 earnings and revenue top estimates; hyperscaler plans more debt issuance to support massive capex push

Oracle reported fiscal fourth-quarter earnings on Wednesday against a backdrop of fresh AI jitters, fueled by conservative Broadcom guidance and macro pressure from hawkish jobs and inflation data. It also said it would issue tens of billions more in debt or equity to fund its AI infrastructure push. The database software company turned hyperscaler posted…

Struggling South Africans Urged to Rethink Debt Help

South African consumers are facing significant financial pressure amid a perfect storm of rising interest rates and inflation, driven by higher fuel, municipal tariffs, electricity, and insurance costs. In late May, the Monetary Policy Committee (MPC) increased the repo rate by 25 basis points to 7% after three years of rate cuts. Consequently, commercial banks’…