latest news in companies
Oracle Earnings Miss Reignites AI Bubble Fears Amid Soaring Capital Costs
New York, Thursday, 11 December 2025.
Oracle wiped $80 billion in value after missing revenue targets, exposing deep market anxiety over the sustainability of massive AI infrastructure spending despite broader economic resilience.
Bass Pro Shops CEO Challenges NASCAR Leadership Integrity Over Disparaging Texts
Daytona Beach, Thursday, 11 December 2025.
Billionaire sponsor Johnny Morris suggests removing NASCAR’s commissioner after unsealed messages revealed leadership called team owner Richard Childress a “stupid redneck” and suggested he be flogged.
NASCAR and Michael Jordan’s Team Reach Settlement Ending Federal Antitrust Trial
Charlotte, Thursday, 11 December 2025.
NASCAR and Michael Jordan’s 23XI Racing reached a settlement ending their federal antitrust trial today. The historic agreement reportedly secures permanent team charters, fundamentally reshaping the business of professional motorsports.
Disney Invests $1 Billion in OpenAI to Bring Iconic Characters to Video AI
Burbank, Thursday, 11 December 2025.
Disney commits $1 billion to OpenAI, granting Sora users unprecedented access to over 200 iconic characters like Iron Man and Mickey Mouse, signaling a massive shift in entertainment strategy.
Waymo Triples Annual Volume to Fourteen Million Trips as Autonomous Service Scales
Mountain View, Thursday, 11 December 2025.
Alphabet’s autonomous unit completed 14 million trips in 2025, tripling prior volume. With 450,000 weekly rides, Waymo now targets expansion into twenty new cities, including London and Tokyo.