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Bloomberg

Oracle Falls on Data Center Spending; Hugo Boss, Stitch Fix Rally | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Oracle (ORCL) shares are lower after the company reported quarterly capital expenses that were higher than estimates. The company expects to spend about $70 billion on net capital expenditures in the current fiscal year, which ends in May 2027. - Hugo Boss (BOSS) shares are moving on news Frasers Group Plc offered to buy the rest of Hugo Boss AG for about 2 billion ($2.3 billion) as billionaire Mike Ashley seeks to add another fashion brand to his growing collection. - Stitch Fix (SFIX) shares are moving as it bumped up its fiscal-year outlook after revenue rose in its latest quarter, citing a boost from efforts to improve its customer experience and assortment.

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Bloomberg

UK Minister Stands By Defense Funding as Healey Resigns

UK Business Secretary Peter Kyle reacts to the resignation of Defense Secretary John Healey from Prime Minister Keir Starmer's cabinet. Healey cited the constraints placed on his long-delayed defense investment plan by the chancellor of the exchequer. "All I can say is that we are in a moment in time when we are investing enormously into our defense," Kyle says in an interview with Bloomberg's Lizzy Burden at the Founders Forum event, outside London. "I don't know the circumstances of John's resignation, because I've just heard it the same time you've read it out there."

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