Tag IBM

Markets rally Tuesday morning as Q2 earnings season continues...

Dow Jones futures were higher after Monday's nasty stock market reversal. Netflix earnings and Tesla earnings are due out this week...

(Bloomberg) -- A drive in the Senate to quickly pass $52 billion in grants and incentives for US semiconductor manufacturing picked up steam in Congress despite last-minute lobbying for changes.Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherA Goldman Legend, Crypto Star and Top Banker Warn of Next Big RiskGhana Declares First Marburg Virus Disease OutbreakStock Optimism Evaporates With Apple Hiring Plans: Markets WrapSenate Majority Leader Chuck Schumer said...

IBM posted better than-expected results, as the tech giant continues to make progress on its turnaround. "Demand is pretty strong and on a global basis," the CEO says...

(Bloomberg) -- Apple Inc. is the latest major technology company to rein in hiring and spending plans, adding to the evidence that even Silicon Valley stalwarts are worried about a recession in the coming months. Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherA Goldman Legend, Crypto Star and Top Banker Warn of Next Big RiskGhana Declares First Marburg Virus Disease OutbreakStock Optimism Evaporates With Apple Hiring Plans: Markets WrapThe iPhone maker is lo...

International Business Machines reported 9% sales growth in second-quarter results that also reflected some of the wider concerns tech investors confront as the sector kicks off its earnings season. Sales and earnings per share surpassed Wall Street’s expectations, according to analysts surveyed by FactSet. The company is also dealing with inflationary labor pressures...

A report regarding Apple Inc. (AAPL) slowing its pace of hiring and spending in some (as yet undetermined) segments sent shares down -2%...

(Bloomberg) -- International Business Machines Corp. lowered its forecasts for free cash flow this year due to the impact of a strong dollar and the loss of business in Russia, sending the shares down.Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherA Goldman Legend, Crypto Star and Top Banker Warn of Next Big RiskGhana Declares First Marburg Virus Disease OutbreakStock Optimism Evaporates With Apple Hiring Plans: Markets WrapThe revision overshadowed results...

IT hardware and services company IBM Corp beat quarterly revenue expectations on Monday but warned the hit from forex for the year could be about $3.5 billion due to a strong dollar. A hawkish Federal Reserve and heightened geopolitical tensions have driven gains in the dollar against a basket of currencies over the last year, prompting companies with sizeable international operations, including Microsoft and Salesforce, to temper expectations. On the earnings call, Chief Financial Officer James Kavanaugh told analysts both currency headwinds and impact from exiting Russia operations has put pressure on IBM's near-term results but reiterated the company's full-year forecast of hitting the upper end of mid-single-digit revenue growth at constant currency...