Trading Day: Inflation cools, Oracle on fire
The composition - and independence - of the Federal Reserve in President Donald Trump 's second term continues to dominate Fed watchers' thinking, with the focus right now centered on Governor Lisa Cook and board nominee Stephen Miran.Oracle said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars. Shares traded at nearly 50x estimated 12-month forward earnings on Wednesday, the highest since the dotcom crash, when its forward PE topped 120.The ...