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SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War
SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War
Perhaps indicative of the fragility of the current rebound - as Software stocks have recently ripped higher for 8 straight days - SaaS stocks are all deeply in the red after-hours as ServiceNow - the potential poster-child for AI disruption - cut its margin outlook amid lackluster results, sending shares reeling.
At first glance, it was a good print - the provider of business task management software posted first-quarter adjusted earnings of 97 cents a share, which was in-line with Wall Street...
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Mar 21, 2026 / Tyler Durden
Switzerland Halts Military Exports To US, Citing Iran War Neutrality
Switzerland Halts Military Exports To US, Citing Iran War Neutrality
Switzerland on Friday announced it is halting all military and defense exports to the United States, citing its neutrality, coming as the Iran war reaches the three week mark.
"Exports of war materiel to the US cannot currently be authorized," the government said, as quoted in Bloomberg. The statement specifically referenced Washington's "international armed conflict" in the Middle East.
Source: screengrab via Johnny Harris/YouTube
The announcement might not be a surprise, given similar past stances by Switzerland; however it comes at a sensitive...
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Apr 2, 2026 / Tyler Durden
Oil Nears War-Highs As Iran-Israel Strikes Intensify After Trump Speech Set No Off-Ramp Timeline
Oil Nears War-Highs As Iran-Israel Strikes Intensify After Trump Speech Set No Off-Ramp Timeline
Summary
Oil prices surge after no mention of ceasefire while vowing to keep hitting Iran 'extremely hard' in Wed. night Trump speech. Surge in tit-for-tat overnight strikes.
US intelligence assessments say Iran is not ready to negotiate given it believes it has the strategic upper-hand, and doesn't believe Trump is 'serious' about talks: NYT
Highest bridge in Iran, connecting Tehran and Karaj, destroyed - amid reports of expanding attacks on civilian infrastructure
UK's Starmer chairs virtual summit of over 30 countries...
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