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IBM shares tumbled Tuesday as CEO Arvind Krishna acknowledged in an unusual letter to investors that the company had failed to adapt quickly enough, a blunt admission that followed a surprise earnings miss and sent the stock toward its worst drop in decades.  Fortune talked to several analysts about the resulting 25% stock crash, the…

From Michael Phelps breaking records to Alysa Liu’s emotive gold medal ice skating performance, broadcast television has allowed athletes to bring their remarkable talents to a global audience. But for some, particularly women athletes, broadcast may also become a stage for compromising camera angles—and some are looking to change that. The European Broadcasting Union (EBU)…

Sustainable apparel company Reformation aims to raise up to $239 million when it goes public. The company and its investors plan to market roughly 14 million shares at a range of $15 to $17 apiece, Reformation said in a Monday (July 20) Securities and Exchange Commission (SEC) filing, giving it a market value of up…

There’s a hot new sector fueling the stock market this year but you won’t find it on any official market trackers.  Portfolio managers are calling it “memi”—a portmanteau of “memory” and “semiconductors” (known as “semis”)— and while it doesn’t have its own ticker, the sector is gorging itself on the $700 billion AI buildout. One…