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SaaSpocalypse Is Back: IBM Crashes Most Since 1987 As Customers Abruptly "Shift CapEx Spending"
SaaSpocalypse Is Back: IBM Crashes Most Since 1987 As Customers Abruptly "Shift CapEx Spending"
IBM shares plunged almost 20% in premarket trading, putting the stock on track for its worst intra-day collapse since Oct. 19, 1987.
Worse than the Dot Com crash...
The catalyst for the selloff was IBM CEO Arvind Krishna's letter to investors outlining preliminary second-quarter results.
Here is what's key:
IBM CEO: DID NOT ANTICIPATE MAGNITUDE OF CAPEX REPRIORITIZATION
Traders were likely caught off guard by a 7% decline in infrastructure revenue, raising new concerns about demand across one of IBM's key...
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Sep 23, 2026 / Tyler Durden
Trump Meets Venezuela's Rodriguez In New York
Trump Meets Venezuela's Rodriguez In New York
Authored by Kimberly Hayek via The Epoch Times,
President Donald Trump and Venezuela's interim President Delcy Rodriguez met Tuesday night on the sidelines of a United Nations reception, their first face-to-face talks since American forces seized then-President Nicolas Maduro in January.
Venezuela's Interim President Delcy Rodriguez and U.S. President Donald Trump (R) meet on the sidelines of the U.N. General Assembly in New York on Sept. 22, 2026. Venezuela Presidential Palace Handout via ReutersThe pull-aside was booked for 7:40 p.m. at a gathering Trump is...
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May 9, 2026 / Tyler Durden
From Civilian To Military Economy: This Is What A Declining Empire's Economy Looks Like
From Civilian To Military Economy: This Is What A Declining Empire's Economy Looks Like
Authored by Bryan Lutz via DollarCollapse.com,
“A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy.”
~ Ludwig von Mises, The Theory of Money and Credit (1912)
Empires don’t announce their decline.
They reveal it in the data…
And...
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Jul 23, 2026 / Tyler Durden
The Digital Euro's New Chapter
The Digital Euro's New Chapter
Authored by Cláudia Ascensão Nunes via the Foundation for Economic Education (FEE),
For years, the digital euro was presented by the European Central Bank (ECB) merely as a modern and practical alternative to banknotes and coins. It has now been openly acknowledged that the project is intended to respond to the dominance of American payment companies. Visa and Mastercard process 61 percent of card payments in the euro area, according to the ECB’s own data, and it is this dependence that Brussels intends to break.
On June 23, the European...
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