Oracle’s chief financial officer told employees at a companywide meeting that “doing more with less” is not the solution, after the company launched a new round of layoffs. In fiscal 2026 ended May 31, headcount fell by 21,000, or 13%. Oracle said first-quarter capital expenditures rose to $28.5 billion from $8.5 billion a year earlier. It also kept its fiscal 2027 capital spending forecast at $90 billion to $95 billion.

Axon said it plans to issue $1 billion of convertible notes to replenish its cash reserves and avoid high interest rates. The move also signals potential future equity dilution, which weighed on the stock on the day.

Nebius has issued $5.75B in convertible notes, with annual interest expense exceeding one-quarter of quarterly EBITDA, fueling concerns about its financing position. Shareholders have approved issuing up to 20% new shares without preemptive rights, adding to dilution risk alongside net insider selling. Management said current pricing power may last only 18–24 months and expects normalization in 2027–2028 as supply catches up with demand.

WTI crude rose $4.93 to $106.31, the highest since May, and has finished higher in 11 of the past 12 sessions. The rally has unfolded amid signs of a tightening supply picture. Saudi Arabia’s spare pipeline is offline and repairs are expected to take three to six weeks or longer, while loadings at a Red Sea port have been suspended. Separately, the U.S. 10-year Treasury yield touched 5.04%, its highest level since 2007.

Data show Solana averaged 888K daily stablecoin active addresses in September, up 269% from 333K a year earlier. The metric tracks the number of users actively transacting or interacting with stablecoins on-chain. It suggests Solana’s network adoption and activity have increased markedly over the past year.

Broadcom says it has locked in about $350 billion of AI chip shipments for the next two fiscal years. It is targeting AI revenue of $115B in 2027 and $230B in 2028, based on secured supply and customer power constraints. AI now represents 56% of total revenue, while operating margin remains at 67.9%. The stock’s valuation has compressed to about 11.5x management’s $30+ 2028 EPS target.

India has set a 13.5 lt sugar sales quota for September 16–30, lifting the total allocation for September to a record 26.5 lt to steady domestic prices. Maharashtra, Uttar Pradesh and Karnataka received 4.25 lt, 4.13 lt and 2.02 lt, respectively. The government has also allowed duty-free imports of 1 million tonnes of raw sugar, and retail prices have fallen below ₹60/kg. In global trade, ICE raw sugar futures slipped below 18 cents a pound, while London white sugar futures were quoted at $529.1 a tonne.

Libya’s National Oil Corporation said it may declare force majeure after members of the force tasked with protecting oil infrastructure shut pipeline valves, stopping output at two oilfields. The country’s crude production is about 1.4 million barrels per day, the highest level in more than a decade, and NOC is targeting 1.6 million bpd by the end of 2026. The incident underscores the ongoing risk of oil supply disruptions in Libya.