🩸EXACTLY one year ago today, Oracle closed 36% higher after touching an all-time intraday high of $345.72. Tonight it reports earnings at $156, down 55% and needing a 121% rally to get back. From $345 to $114 in less than 11 months, a 67% wipeout that erased roughly $600 BILLION in market value at the July low. The stock briefly rebounded to $248 in June before falling 54% in just 57 days back to $114. Yet Oracle's key growth metrics moved in the opposite direction. - Record Q4 revenue of $19.2 BILLION, up 21% - Cloud infrastructure surged 93% to $5.8 BILLION - Backlog hit $638 BILLION, up 363% year-over-year So why is the stock collapsing? Free cash flow went NEGATIVE $23.7 BILLION in fiscal 2026. Oracle raised $43 BILLION in debt to fund its AI infrastructure buildout. It plans to raise another $40 BILLION through debt and equity in fiscal 2027. Tonight's earnings will show whether Oracle met its guidance for total cloud growth of 58-64%. The $638 BILLION backlog is there, the question is how quickly it translates into revenue and cash flow.

ELON JUST EXPOSED LEGACY MEDIA AGAIN In the latest Economist interview, the editor-in-chief tried the usual line: “People loathe you.” Elon’s response was perfect: “More people like me than don’t. Far more people hate you and the media than you realise.” That’s the quiet part out loud. Legacy media has spent years pushing distorted narratives, selective outrage, and outright misrepresentations about Elon — and it’s not working the way they think it is. People see through it. The constant framing, the loaded questions, the attempt to turn every achievement into a threat… it’s gotten so predictable it’s almost comical. Elon didn’t need a long speech. He just pointed out the obvious: the public’s trust in legacy media is collapsing, and they still act like they hold the moral high ground. The more they attack him, the more transparent their bias becomes.

Zcash has officially hit its highest price in 8 years. $ZEC surged 47% to $865, a level it hasn't seen since January 2018, per CoinDesk. In June it crashed to $250 after an AI discovered a critical counterfeiting vulnerability that had been live for four years. It has now rallied 3.4x from that low. The rally accelerated after Grayscale filed to convert its Zcash Trust into the first U.S. spot ZEC ETF, per The Block. $ZEC is still roughly 73% below its all-time high of $3,191.

High waves and strong winds were brought to Japan’s Ishigaki Island as powerful Typhoon Champi approached the southwestern Japanese islands. John Geddie reports

High throughput on the grill. Zero latency on the drinks. vLLM maintainers and friends gathered during the PyTorch Conference for an evening of Brazilian steak, drinks, and great conversation! 🥩🥂 Grateful for this community and everyone who keeps vLLM moving forward. 🚀

High beta is losing ground to quality stocks. Fast. Oct. 16: The S&P High Beta / High Quality relative ratio rank plunged from 83.46 to 19.31 in just five sessions. That 64 point rank drop ranks among the most extreme 0.2% of five day declines since 2011.

High healthcare costs are a big factor driving people in China to save, rather than spend, their money, data from the International Monetary Fund showed. In rural China, 8.7% of disposable income is spent on healthcare — just second to the U.S. among 20 major economies, the research found. The U.S. ranks the highest in the world with nearly 9.9% of disposable income spent on healthcare. Urban China ranks third at 5.4%, slightly more than Canada. See how China’s healthcare burden measures up globally: