Home / Business and Economy / Oracle's Cloud Surge Boosts Shares, Novo Nordisk Slashes Jobs
Oracle's Cloud Surge Boosts Shares, Novo Nordisk Slashes Jobs
10 Sep
Summary
- Oracle forecasts blockbuster cloud revenue, sending shares soaring
- Novo Nordisk to cut over 11% of workforce to reduce costs
- Investors await key inflation data ahead of Fed's rate decision
As of September 10th, 2025, U.S. stock futures are mixed as investors eagerly await the release of key inflation data. Economists expect the producer price index for August to match July's pace, further highlighting stubborn inflation pressures ahead of the Federal Reserve's crucial interest rate decision next week.
In the corporate world, software giant Oracle has offered a blockbuster booked revenue forecast for its cloud division, sending its shares soaring before the opening bell on Wall Street. Meanwhile, Novo Nordisk, the maker of popular weight-loss drug Wegovy, has announced plans to slash over 11% of its global workforce in a bid to reduce costs and streamline operations.
The upcoming inflation data will be closely watched, as policymakers grapple with the challenge of maintaining price stability and ensuring maximum employment. Despite the concerns, analysts believe the inflation figures should not be a barrier to the Fed's anticipated rate cut, as the central bank has already signaled a need to bolster the labor market.
