Oracle workforce shrinks by about 21,000 employees amid AI adoption
Oracle's total workforce decreased by 13%, or approximately 21,000 employees, in fiscal 2026, primarily due to business restructuring and increased AI adoption. The company spent $1.84 billion on severance and exit costs, a significant increase from the previous fiscal year. This reduction is part of broader industry job losses, with 196 tech companies laying off over 119,800 employees this year, partly attributed to AI disruption.
PulteGroup (PHM) Dips More Than Broader Market: What You Should Know
PulteGroup (PHM) shares fell by 1.06% in the recent trading session, underperforming the S&P 500. Despite this, the homebuilder's shares have gained 9.04% over the past month. Investors are anticipating PulteGroup's upcoming earnings report on July 22, 2026, with an expected EPS of $2.43 and revenue of $4.03 billion.
Clifford Chance advises APA Corporation on acquisition of Alaska assets
Global law firm Clifford Chance advised APA Corporation on its acquisition of Savant Alaska, LLC for approximately US$70 million. The transaction includes the Badami facilities, which have a nameplate production capacity of approximately 40,000 barrels of oil per day, and associated infrastructure. The legal team, led by partner David Sweeney, provided expertise on corporate, environmental, tax, employment, and energy regulatory matters.
Massive redevelopment of Wells Fargo campus planned
A group of local investors and developers has announced plans for a significant redevelopment of the former 25-acre Wells Fargo Home Mortgage campus in South Minneapolis. The project, estimated to cost between $100 million and $250 million, will involve creating 1,000 new housing units, converting the historic Honeywell building into mixed-use space, and transforming the modern office building into medical and educational facilities. The new entity, Novarum Development Partners, aims to revitalize the campus that has been vacant for three years.
MarketWise logo goes on U.S. national team uniforms
MarketWise (Nasdaq: MKTW) has announced a multi-year Premier Partnership with USA Field Hockey, which will see its logo featured on U.S. National Team uniforms starting at the 2026 FIH Hockey World Cup. This partnership will extend through the Los Angeles 2028 Olympic Games, aiming to align MarketWise's mission of enriching lives through investing with the athletes' values of discipline, teamwork, and excellence. The collaboration is expected to enhance MarketWise's brand visibility among global field hockey audiences and is viewed by the company as a meaningful investment in a new generation of athletes.
Murphy Oil Announces Bubale-1X Oil Discovery in Block CI-709, Côte d’Ivoire - News and Statistics
Murphy Oil Corp. has announced a significant oil discovery at its Bubale-1X wildcat well in Block CI-709 offshore Côte d'Ivoire, encountering 100 feet of net oil pay of premium light crude. This is the last of three wells in their current drilling program, with plans for further appraisal, including another well in late 2026, to fully assess the reservoir's size. Murphy holds a 90% working interest in the block, with PETROCI holding the remaining 10%, contributing to growing exploration enthusiasm in the region.
Form DEF 14A Alphabet Inc Class A For: 22 June By Investing.com
This article announces the filing of Form DEF 14A by Alphabet Inc. Class A (GOOGL) for June 22. It is a brief, factual notification regarding a regulatory filing related to the company. The content primarily consists of the headline and a repetition of the announcement.
Form 4 Kura Oncology Inc For: 22 June By Investing.com
This article reports on a Form 4 filing for Kura Oncology Inc. as of June 22. It provides the date of the filing and indicates that the news is published by Investing.com. The information suggests a routine disclosure related to insider trading or ownership changes for the company.
Wells Fargo to Close Frackville Branch in September
Wells Fargo announced that its Frackville branch will permanently close on September 23, 2026. The bank stated that branch closures are part of optimizing its network based on customer demand and retail landscape changes, while emphasizing the continued importance of branches alongside digital services. Customers will be directed to the Wells Fargo Park Plaza branch in Pottsville for in-person services, and no other Schuylkill County closures have been announced.
Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports
Qualcomm is reportedly in advanced discussions to acquire AI chip company Modular Inc. for approximately $4 billion, a significant jump from Modular's $1.6 billion valuation just nine months ago. This potential acquisition aligns with Qualcomm's strategy to diversify beyond the volatile smartphone market into areas like data center processors and autonomous vehicle chips. The deal could be announced within weeks, though terms may still change, and Qualcomm is also rumored to be in talks for another AI chip startup, Tenstorrent.
