Larry Ellison, the Oracle founder, briefly surpassed Elon Musk to become the world’s richest person. This happened after Oracle shares surged, increasing the company’s market value significantly. Oracle’s rise is due to promising forecasts for its cloud infrastructure revenue. The company has also secured major deals in the artificial intelligence sector. This shift highlights the dynamic nature of wealth rankings.
India’s weight in global emerging-market ETFs rises again
India’s weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance.