Oracle Corp. Q1 adjusted earnings Beat Estimates

Buchwald Signs ‘Indigo Valley’ Filmmaker Jaclyn Bethany

Buchwald has signed filmmaker Jaclyn Bethany, who recently made her feature directorial debut with Indigo Valley, a suspenseful drama she also wrote and stars in alongside Rosie Day (Outlander) and Brandon Sklenar (Vice).

Based on Bethany’s short film of the same name, the pic is about a newlywed couple who, while on a hiking trip in the wilderness, unexpectedly joined by the woman’s estranged actress sister who is fresh out of rehab. Giant Pictures will release the indie nationwide on September 8.

Bethany is currently in post-production for her sophomore feature Highway One, inspired by Anton Chekhov’s pay, Ivanov, and is working on her third drama, the pandemic-inspired Before the World Set on Fire which stars Brooke Bloom, Joe Adler, Alex Breaux, David Call, and Eve Connolly.

On the big screen, Bethany will next be seen in David Fincher’s Mank and the British indie Venice at Dawn from director Jamie Adams.

JPMorgan Chase reportedly tells traders to return to the office

JPMorgan Chase executives told senior employees of the bank’s sales and trading operation that they and their teams must return to the office by Sept. 21, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Trading chief Troy Rohrbaugh and Marc Badrichani, the bank’s global head of sales and research, delivered the message in conference calls on Wednesday morning, the Journal said.

Employees with child-care issues and medical conditions that make them more vulnerable to coronavirus complications can continue working from home, according to the report.

JPMorgan did not immediately respond to a Reuters request for comment.

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Hackers linked to Russia and China are attacking both the Biden and Trump campaigns, Microsoft warns

  • Foreign hackers are targeting the campaigns of both Biden and Trump, according to a new report from Microsoft.
  • Hackers linked to Russia, China, and Iran are behind the attacks and are trying to spy on campaign officials from both parties, Microsoft VP for Security Tom Burt said Thursday.
  • The attackers include the same group of Russian hackers who successfully hacked Hillary Clinton's 2016 campaign and leaked emails from her top aides.
  • Visit Business Insider's homepage for more stories.

Hackers linked to Russia, China, and Iran have repeatedly attempted to break into the personal accounts of staffers working for the presidential campaigns of both Joe Biden and Donald Trump, according to a new Microsoft report published Thursday.

A Russian-linked group has attacked more than 200 organizations including campaigns, political action groups, and consultants working for both Democrats and Republicans, Microsoft VP for Security Tom Burt said in a blog post.

Hackers with ties to China have mostly targeted members of Biden's campaign, while Iran-linked hackers have targeted Trump campaign officials, Burt said.

This story is developing. Check back for the latest…

Brad Pitt channels Dr. Fauci on 'SNL'

New York (CNN Business)The Saturday Night Live cast is heading back to studio 8H at 30 Rockefeller Plaza for its 46th season.

This will be the late-night show’s first live episode since March 7, before the pandemic lockdown started taking hold in the United States.
Saturday Night Live teased the episode on Twitter with a video of the stage, text that reads “October 3” and a voiceover that says, “Live from New York.”

    NBC did not immediately respond to a request for comment, but, the website for NBC’s “Today” show, reported SNL’s return to the studio.
    On March 16, “Saturday Night Live” said it had suspended production, and on April 11, the show returned for a virtual episode. NBC produced two other virtual episodes, with the last one airing on May 9.

    Crude Oil Futures Settle Lower As Inventories Rise

    Crude oil prices drifted lower on Thursday after data showed an increase in U.S. crude inventories in the week ended September 4th.

    Lingering concerns about a possible drop in near-term energy demand due to the surge in coronavirus cases in several parts of the world and easing of output curbs by OPEC+ also contributed to oil’s weakness.

    West Texas Intermediate Crude oil futures for October ended down $0.75 or about 2% at $37.30 a barrel.

    Brent crude futures were down $0.25 or about 0.6% at $40.54 a barrel.

    According to data released by Energy Information Administration (EIA) this morning, crude inventories in U.S. increased by about 2 million barrels last week compared to expectations for a draw of 1.3 million barrels. Crude inventories saw a draw of 9.4 million barrels a week earlier.

    At the Cushing facility in Oklahoma, oil stockpiles rose by 1.8 million barrels.

    The EIA report also showed that gasoline inventory dropped by 2.9 million barrels last week, while distillate stockpiles fell by 1.7 million barrels.

    According to a report from the American Petroleum Institute Wednesday evening, oil stockpiles rose by 2.970 million barrels during the week ended September 4 versus expectations for a decrease of 1.2 million barrels.

    Gasoline supplies dropped by 6.892 million barrels, while distillate inventories increased 2.293 million barrels last week.

    Oracle Corp. Q1 adjusted earnings Beat Estimates

    Oracle Corp. (ORCL) reported a profit for its first quarter that advanced from last year.

    The company’s earnings totaled $2.25 billion, or $0.72 per share. This compares with $2.14 billion, or $0.63 per share, in last year’s first quarter.

    Excluding items, Oracle Corp. reported adjusted earnings of $2.88 billion or $0.93 per share for the period.

    Analysts had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

    The company’s revenue for the quarter rose 1.6% to $9.37 billion from $9.22 billion last year.

    Oracle Corp. earnings at a glance:

    -Earnings (Q1): $2.88 Bln. vs. $2.76 Bln. last year.
    -EPS (Q1): $0.93 vs. $0.81 last year.
    -Analysts Estimate: $0.86
    -Revenue (Q1): $9.37 Bln vs. $9.22 Bln last year.