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Oracle's Big Stock Selloff Acts as a Big Drag on Both Software and Cloud ETFs
Direxion Daily Cloud Computing Bull 2x (NYSEARCA:CLDL) Stock Price Up 4.7%
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Cloud computing ETFs can't gain support from the surging VMware
Biden will propose a $6 trillion budget to boost infrastructure
Us President Joe Biden plans to spend $6 trillion on infrastructure, education and health care in fiscal year 2022, according to a document obtained by the media. The proposal is expected to be presented on Friday. President Joe Biden will propose a $6 trillion budget on Friday that will bring federal spending to its highest level since World War II and a deficit of more than $1.3 trillion over the next 10 years, the report said. The budget request requires the federal government to spend $6 trillion in fiscal year 2022 and increase total spending to $8.2 trillion by 2031. This increase in expenditure is due to worship.