Kremlin says Kyiv attempted to strike a Russian energy facility last night.

Business Insider reported Oracle (ORCL.N) has launched a new round of layoffs expected to begin Monday, saying the cuts are aimed at trimming payroll as the company accumulates debt to fund AI infrastructure. Internal documents show some teams face double-digit reduction rates. Oracle said headcount fell by 21,000 (13%) in fiscal 2026 ended May 31 and that it had about 141,000 employees before this tranche. The company has amassed hundreds of billions of dollars of debt to build data centers; Q1 capex was $28.5 bln versus $8.5 bln a year earlier, and Oracle is maintaining fiscal 2027 capex guidance of $90–95 bln.

BofA CEO Brian Moynihan said on Monday he expects third-quarter investment-banking revenue to decline at least 10%, while sales and trading revenue should be roughly flat. He forecast investment-banking revenue of $1.6–1.8bn versus $2.0bn a year earlier. Moynihan said trading reserves remain ample but warned that higher interest rates could damp some financing demand. He expressed confidence in U.S. economic fundamentals.