Oracle Corporation @ 2023-08-15

News Title: DeSantis says he would ban TikTok because of China threat
Description: Florida Gov. Ron DeSantis told CNBC that he would ban TikTok because the app is controlled by China.
News Sentiment: 0.0 (Neutral)

Oracle Corporation

Sector: Technology

Industry: Software—Infrastructure

Full Time Employees: 164000


Long Business Summary:

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing. The company also offers cloud-based industry solutions for various industries; Oracle application licenses; and Oracle license support services. In addition, it provides cloud and license business’ infrastructure technologies, such as the Oracle Database and MySQL Database; Java, a software development language; and middleware, including development tools and others. The company’s cloud and license business’ infrastructure technologies also comprise cloud-based compute, storage, and networking capabilities; and Oracle autonomous database, MySQL HeatWave, Internet-of-Things, digital assistant, and blockchain. Further, it provides hardware products and other hardware-related software offerings, including Oracle engineered systems, enterprise servers, storage solutions, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services; and consulting and customer services. The company markets and sells its cloud, license, hardware, support, and services offerings directly to businesses in various industries, government agencies, and educational institutions, as well as through indirect channels. Oracle Corporation was founded in 1977 and is headquartered in Austin, Texas.

Basic Chart

Oracle Corporation
Oracle Corporation

Technical Chart

Oracle Corporation
Oracle Corporation

Suggested Currency Pair: USD/CNY

The news of banning TikTok due to the Chinese threat could potentially impact the USD/CNY currency pair. If the US government implements a ban, it could lead to increased tensions between the US and China, potentially affecting the value of the Chinese yuan (CNY) against the US dollar (USD). Traders and investors may closely monitor any developments and announcements regarding the ban, which could create volatility in the USD/CNY exchange rate.

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