Author: franperez66q@protonmail.com
IBM CEO Arvind Krishna attends a Rose Garden Club event on the Rose Garden of the White House in Washington on July 6, 2026. Mandel Ngan | Afp | Getty ImagesIBM on Wednesday lowered its 2026 forecast and delivered thinner quarterly profits than analysts had projected, even after the technology vendor issued an earnings warning last week. Shares rose 1% in extended trading, as IBM said it aims to widen its full-year pre-tax margin by about 1 percentage point through higher productivity.Here’s how the company did relative to LSEG consensus:Earnings per share: $2.93 adjusted vs. $2.97 expected Revenue: $17.16 billion…
The bus fare cap in England will revert to £2 from January, new prime minister Andy Burnham has announced.The government says the policy, which is expected to cost more than £500m, will “help with the cost of living and give people the breathing space they need”.At the start of last year, the England-wide bus fare cap rose to £3 under Sir Keir Starmer’s Labour government, although in Liverpool and Manchester fares were held at £2.Burnham said affordable transport links were an essential, adding: “Lower fares will help people get to where they need to.”The measure gives people “a little bit…
John Paulson, the hedge fund manager who made billions betting against the U.S. housing market before turning bullish on gold, said he believes the precious metal is only in the early stages of a long-term rally.”I do think we’re in the beginnings or the early stages of a long-term bull market for gold,” Paulson said on CNBC’s “The Exchange” Wednesday. “As people lose faith in paper currencies, gold as an alternative will continue to grow.”Paulson, whose wager against subprime mortgages became one of the most profitable trades in Wall Street history, shifted his focus to gold in 2009, arguing that…
European Union antitrust regulators said on Wednesday they had signed off on Paramount Skydance’s proposed acquisition of Warner Bros. Discovery.The approval, which included concessions made by Paramount, comes as the deal has been delayed in the U.S. due to concerns raised by state attorneys general. In order to garner the approval, the European Commission, the executive body of the EU, said Paramount agreed to divest its stake in a film distribution joint venture with United International Pictures in Europe, and said it would not enter into any film distribution deal with Universal for the next 10 years in Europe. “These…
Kinder Morgan tops second-quarter profit estimates on higher natural gas volumes Source link
Hyundai Motor Company’s plan to put humanoid robots to work by 2028 is not part of current negotiations with striking South Korean autoworkers, according to the company. The automaker is disputing news reports that partial labor strikes by the Hyundai Motor union at the world’s largest automotive plant in South Korea were spurred by concerns about the company’s planned deployment of humanoid robots in the United States starting in 2028. A company statement shared with Ars describes the union’s demands as focusing on compensation-related issues such as wage increases, bonuses, and an extension of workers’ retirement age. “Potential deployment of…
U.S. Secret Service Director Sean Curran testifies during the House Appropriations Homeland Security Subcommittee hearing in the Rayburn building in Washington, April 16, 2026.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesA senior U.S. Secret Service official said Wednesday that the “threat environment” for the agency’s protectees, who include President Donald Trump, “is the highest we’ve ever seen.””What we’re seeing now is something I’ve never seen before,” said the senior official, who spoke to reporters at a background briefing on the condition that they not be identified by name before a public briefing.There have been about 10,000 cases involving threats…
A person refills their semi-truck at a Pilot Traveler Center on March 9, 2026 in Lockhart, Texas. Brandon Bell | Getty ImagesThe U.S. economy is more vulnerable than ever to the problems in energy markets caused by the Iran war. The economy has been remarkably resilient, but the buffers that protected Americans from earlier price spikes are wearing thin. Bottom line: The war will erode Americans’ standard of living this summer even if the actual fighting stays more contained than the first phase of the conflict. From President Donald Trump’s perspective, having kicked off a return to direct conflict with Iran, there…
Citigroup hires five US tech investment banking executives from rivals Source link
Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon is laying off some employees in its unit focused on artificial general intelligence, the company confirmed Wednesday, as it continues to cut jobs while pouring money into AI. The company declined to disclose how many staffers were affected, or which parts of the AGI organization were exposed to the cuts. The AGI unit is focused on building AI models, and it also includes groups working on silicon development and quantum computing initiatives.”This is a fast-moving space, and we’re…