Why Is Oracle Stock Down Today?
Oracle spent $23.7 billion more cash than it brought in last fiscal year and borrowed $43 billion to cover the gap. That's a fine trade when money is cheap. It's a worse one with the 30-year Treasury yield near a 20-year high and long bonds selling off from Tokyo to London.
Oracle spent $23.7 billion more cash than it brought in last fiscal year and borrowed $43 billion to cover the gap. That's a fine trade when money is cheap. It's a worse one with the 30-year Treasury yield near a 20-year high and long bonds selling off from Tokyo to London.
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