UBS tipped off that Oracle shares could get a boost from a constructive update. The event will cover all things Oracle ( ORCL), including AI on OCI, the progress of Oracle Autonomous Database, the company's multi-cloud strategy, and the use of Oracle Analytics throughout the portfolio. Oracle ( ORCL) will hold its four-day CloudWorld event in Las Vegas. UAW strike: White House team to reach Detroit this week Stellantis offer rejected Other headlines to look out for on Seeking Alpha:įederal Reserve expected to keep rate unchanged - then what? One Redfin agent said, “I’ve never seen more homebuyers cancel deals in the last six months than I’ve seen at any point during my 24 years of working in real estate,” Redfin Agent Jaime Moore said in the report. Borrowing costs have stayed above 7% for the past five weeks.
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14.3% a year before, marking the highest share of cancellations since October.Ī weekly survey from Freddie Mac showed the average 30-year, fixed mortgage loan rose to 7.18% as of Sept. That’s equivalent to 15.7% of homes that went under contract last month, vs. home purchases are getting scrapped at the highest rate in nearly a year as the highest mortgage rates in more than two decades are giving homebuyers “cold feet.”Īccording to Redfin ( RDFN), almost 60K home-purchase agreements across the U.S. Over the last few holiday seasons, retail giants Amazon (NASDAQ:AMZN), Walmart ( WMT) and Target ( TGT) have increased their combined share of online holiday sales. Verb Technology Company ( VERB) and iPower ( IPW) are two stocks that have rallied over the last week following the announcements of TikTok referral programs. The push for extra holiday sales is part of a company target to move $20B worth of products this year worldwide. and the company launched an affiliate program for creators who sell products through their videos. The TikTok Shop recently rolled out in the U.S.
holiday shoppers.Ī TikTok spokesperson only confirmed the plans to offer Black Friday deals starting on November 23 and deals for Cyber Monday running from November 28th to November 30th. The social video site reportedly could offer discounts as high as 50% in a concerted effort to gain traction with U.S. TikTok is reportedly making a strong effort to boost its new TikTok Shop online marketplace through heavy discounting during the holiday shopping season.īloomberg reported that the discounts could begin on October 27, which would give the company a jump on the holiday period. This report from Reuters citing comments made by Alibaba’s President Michael Evans in a meeting with Turkish President Recep Tayyip Erdogan.īloomberg News reported that Evans did not provide detailed information about the investment calendar, but did share details about new investments such as a data and logistics centre and an export operation centre in Turkey.
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While we’re on the topic of Turkey, Alibaba (NYSE: BABA) plans to invest $2B in Turkey. Musk is also expected to meet Israeli Prime Minister Benjamin Netanyahu in California on Monday to discuss AI technology.
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Musk said SpaceX plans to seek a license to offer Starlink in Turkey.Įrdogan is in New York for the United Nations General Assembly's annual meeting this week. Turkish President Tayyip Erdogan has called on Tesla (NASDAQ: TSLA) CEO Elon Musk to build a new factory in Turkey during a meeting at Turkish House in New York.Īccording to Turkey's industry and technology minister who attended the meeting, Musk said many Turkish suppliers are currently working with Tesla ( TSLA) and the country will be among the top candidates for a Tesla investment.Įrdogan and Musk also discussed Turkey's artificial intelligence strategy, and the potential cooperation between SpaceX and Turkey's space program. This is an abridged transcript of the podcast. home purchases scrapped at highest rate in 10 months - Redfin. (00:23) Retail wars: TikTok hopes to crash holiday sales party. Erdogan calls on Elon Musk to build Tesla ( TSLA) factory in Turkey.
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