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GM Deepens EV Bet Again, Boosts Spending 30% to $35 Billion

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Oracle Q4 EPS Tops Estimates, Yet Stock Falls 5%

Oracle Corp. (ORCL) reported stronger-than-expected results for the fourth quarter of fiscal 2021. However, following the earnings release, shares of the cloud database company plummeted 4.8% in Tuesday’s extended trading session. Oracle reported quarterly revenues of $11.23 billion, a growth of 8% from the prior year. Also, it surpassed the consensus estimate of $11.04 billion. The company’s increase in revenues can be attributed primarily to the growth witnessed in its cloud services and licen

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