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Earnings Results: Oracle’s stock gets slammed as revenue comes up a bit short

Oracle's revenue for the latest quarter came up a bit short of expectations, and shares of the software giant were dropping 7% in Monday's aftermarket action.

: John Chambers expects an AI bubble, which will claim a majority of companies, ‘but it is worth the bet’

'Going into 2024, it will be the decade of AI,' Chambers said in an interview Monday.

: Airports will see their busiest holiday travel season on record, AAA projects

Overall, this holiday travel season is expected to be the second busiest in the last two decades, the organization said.

Market Extra: Here’s how much financial conditions have eased across stocks, bonds and the dollar ahead of Fed rate decision

Financial conditions have eased ahead of the Federal Reserve’s policy meeting this week, with U.S. stocks extending their rally on Monday afternoon as investors prepare for the Fed’s upcoming decision on interest rates and projections for where rates may be headed in 2024.

Market Extra: Inflation traders expect annual core CPI rate to linger a bit above 2% through October 2024

Traders see the Federal Reserve getting closer to 2% inflation next year, as measured by annual core and headline readings from the consumer price index.

FA Center: Inflation will have to get a lot worse to justify gold’s current price

Bullion would be trading at $1,190 an ounce if gold were trading at its average gold-to-CPI ratio.

: Small-business owners face a punishing cocktail of labor shortages, inflation and rising rates. But some are finding fresh ways to thrive.

Many of America’s small businesses have experienced an economic whiplash over the last four years — and they’re fighting back.

Mark Hulbert: Small-cap value stocks are cheaper than ever

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: House panel subpoenas Vanguard, says it ‘colluded’ with rivals to decarbonize U.S. economy

The House Judiciary Committee issued subpoenas Monday to Vanguard Group and Arjuna Capital as part of an investigation into collusion over climate goals.

The Tell: Betting grows that S&P 500 will hit record high, with Oppenheimer joining Wall Street’s bullish calls for 2024

The S&P 500 index is set to rally to 5,200 by the end of 2024, according to Oppenheimer strategists, who join a rush of Wall Street analysts expecting all-time highs in U.S. stocks next year. 

Commodities Corner: Gas prices may fall below $3 a gallon, a ‘nice surprise’ for holiday travelers

U.S. gasoline prices at the pump are declining, and may even drop below $3 a gallon on average before the year is done.

Economic Preview: Falling gasoline prices will help ease consumer inflation again in November

Further declines in gasoline prices will bring down headline inflation in November, while core inflation, excluding food and energy prices, remains economists said.
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