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Business

IBM shares fall 23%: CEO says Q2 earnings fell short as customers spent more on AI

International Business Machines shares plunged more than 23% on Tuesday, marking their steepest single-day decline in decades after the technology company released preliminary

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Business

Gold recovers after two-week low as softer US CPI boosts Fed outlook

Gold prices recovered strongly on Tuesday, reversing losses from a sharp sell-off as cooler-than-expected US inflation data reinforced expectations. The precious metal had

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Business

Oracle stock drops below crucial support as its bond yields jump: now what?

Oracle stock continued its strong freefall this week, reaching its lowest level since April last year. ORCL has slumped by over 62% from

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Business

US CPI falls sharply in June as energy prices tumble, but relief may be shortlived

US consumer prices recorded their biggest monthly decline in more than six years in June as a sharp drop in energy prices provided

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Business

New York Times is not ‘failing’: Here’s why its stock may surge soon

The New York Times’ stock has pulled back into a local correction, retreating from its year-to-date high of $87.18 to $75. The decline

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Business

Nasdaq rises as soft CPI eases Fed fears, IBM plunges over weak outlook

US stocks opened higher on Tuesday after softer-than-expected June inflation data reduced expectations of an immediate Federal Reserve rate hike.  Investors also assessed

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Business

Citigroup stock rises after reporting strong Q2 results driven by trading and growth

Citigroup beat Wall Street estimates for second-quarter profit after reporting its highest quarterly revenue in a decade, as strong trading activity and higher

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Business

Why is Derive (DRV) price going up? Upbit and Bithumb listings fuel 52% rally

Derive (DRV) has emerged as one of the strongest-performing cryptocurrencies over the past 24 hours, posting a 52% gain while much of the

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Business

Apple stock falls after KeyBanc downgrade on slowing growth concerns

Apple AAPL stock fell around 1% on Tuesday after KeyBanc Capital Markets downgraded the iPhone maker, citing slowing hardware demand, weaker growth expectations,

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Investing

Sterling rises as BoE rate hike bets strengthen amid inflation concerns

The GBP/USD pair rose to around 1.3355 during the early European session on Tuesday. The British pound strengthened against the US dollar. Investors

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