What IBM’s profit warning means: Hardware is ‘eating everyone’s lunch’
The company said the shortfall in its software and infrastructure business was tied to clients spending on memory ahead of price hikes.
The company said the shortfall in its software and infrastructure business was tied to clients spending on memory ahead of price hikes.
US and Iran digitally signed a 14-point Memorandum of Understanding (MoU) at France’s Palace of Versailles, a venue that has witnessed some of the most important diplomatic moments in modern history. The agreement aims to end hostilities between Washington and Tehran and sets a 60-day timeline for negotiations on a broader settlement. The Versailles agreement…
Stonebridge has reported weaker mortgage demand in the second quarter as higher borrowing costs and affordability pressures weighed on the market. The network said conditions could improve later this year if inflation and funding costs ease. Stonebridge’s latest Mortgage Market Index shows mortgage applications fell 18.5% year-on-year between April and June. Remortgage applications dropped 20.8%,…
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The wheat complex was in rally mode on Friday, closing with double digit strength across the three exchanges. Chicago SRW contracts was 15 ¼ to 20 ¾ cents in the green on the day, with nearby September up 40 ½ cents on the week. KC HRW futures were up 17 ¾ to 22 cents at…
This article was written by Follow Maya is a lawyer by training whose research centres on under-followed US micro-cap and small-cap equities, with particular emphasis on capital structure, capital allocation, and corporate governance. A graduate of NALSAR University of Law (B.A. LL.B. Hons.), she brings a disclosure-first, forensic approach to equity analysis — reading filings…
On July 6, Cathie Wood was busy with her Ark empire, selling several positions and buying others. One particularly notable trade reported on the day was Advanced Micro Devices (AMD +0.37%). Through Ark Innovation, Wood sold over 15,000 shares of AMD, which were valued at more than $8 million. That may seem like a cause…