IBM Shares Plunge After Revenue Miss and Mainframe Business Decline
IBM’s stock dropped sharply after the company reported weaker-than-expected quarterly revenue and earnings, driven by mainframe shortfalls and delayed deal closures.
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Corporate Power
Defense & Security
Lawmakers Raise Concerns Over Escalating Costs of U.S. Military Actions Against Iran
U.S. lawmakers challenged the Pentagon on the rising financial toll of ongoing airstrikes on Iran amid strategic shifts involving the crucial Strait of Hormuz.
Energy & Climate
Texas Utility’s New Solar Policy Slashes Compensation, Sparking Customer Backlash
A recent rate shift by Bryan Texas Utilities cuts payouts for solar energy sent to the grid, causing some homeowners’ bills to surge dramatically despite delayed notification.
AI & Tech Regulation
DOJ Intensifies Probe with Subpoenas to Law Firms Linked to Trump Deals
The Justice Department has subpoenaed multiple top law firms connected to legal agreements made with Trump’s team, escalating a behind-the-scenes courtroom battle.
Corporate Power
OpenAI-Backed Startup Aims to Disrupt Drug Discovery with Advanced AI
An AI-driven drug startup supported by OpenAI seeks massive funding at a $2 billion valuation despite no approved AI-originated drugs to date.
Corporate Power
California AG Rejects Media Executive’s Threats Amid Opposition to Major Merger
California’s attorney general dismissed attempts by a Paramount executive to pressure regulators as the state leads a lawsuit blocking a high-profile Hollywood merger.
Trade & Tariffs
UK-India Trade Deal Comes Into Force, Slashes Whisky Tariffs and Expands Market Access
The UK-India trade agreement reduces whisky tariffs by half at launch, promises phased duty cuts across sectors, and aims to boost bilateral trade and GDP significantly.
Markets & Macro
Inflation Retreats but Rising Food and Shelter Costs Keep Consumers Strained
Despite a notable drop in overall inflation driven by falling energy prices, rising food and shelter costs continue to burden households, limiting consumer spending growth.
Energy & Climate
Microsoft Addresses Emissions Data Amid AI-Driven Carbon Footprint Rise
Microsoft's latest sustainability report reveals a substantial increase in emissions linked to AI data centers, while clarifying a viral misinterpretation of its total carbon pollution figure.
Defense & Security
Trump Does Not Exclude Possible U.S. Ground Troops Deployment in Iran
Former President Trump stated in a recent interview that he would not rule out sending U.S. ground forces to Iran amid ongoing American strikes against Iranian targets.