Oracle Corp Chief Executive Larry Ellison during a launch event at the company’s headquarters in Redwood Shores, California June 10, 2014.
Noah Berger | Reuters
Following its stunning growth projection, shares of database software maker Oracle surged 36% Wednesday, increasing its market capitalization by $244 billion. Larry Ellison, the company’s chair, who has held more than 1.1 million Oracle shares for over 25 years, saw his net worth jump over $100 billion. In one day.
Unfortunately for analysts who have been covering the stock, association with Oracle didn’t seem to grant them the gift of foresight — they themselves were “blown away” and “in shock” by the numbers.
Another technology stock experienced a pleasant bump the same day. Shares of Klarna, a fintech firm most famous for its “buy now, pay later” services, jumped 15% in its public trading debut. If only Klarna had offered BNPL for stock purchases — investors might have snapped up more shares.
Those strong movements boosted major U.S. stock indexes. The S&P 500 and Nasdaq Composite managed to secure their third consecutive winning day and new record highs. With the U.S. producer price index actually dipping in August — giving the Federal Reserve more room to cut interest rates — the scene seems to be set for more positive momentum in the market for now.
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And finally…
In this pool photograph distributed by the Russian state agency Sputnik, (L-R) Russia’s President Vladimir Putin walks with China’s President Xi Jinping and North Korea’s leader Kim Jong Un before a military parade marking the 80th anniversary of victory over Japan and the end of World War II, in Beijing’s Tiananmen Square on September 3, 2025.
Sergey Bobylev | Afp | Getty Images
