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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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Jul 28, 2026 / Tyler Durden
US Home Prices Unexpectedly Jumped In May; Chicago Leading, Vegas Lagging
US Home Prices Unexpectedly Jumped In May; Chicago Leading, Vegas Lagging
Having declined for three straight months, US home prices in America's 20 largest cities was expected to rise very marginally (+0.1% MoM) in May (according to the latest data from S&P Cotality Case-Shiller).
Instead, home prices accelerated 0.3% MoM (better than expected), lifting the annual appreciation to +1.63% YoY - the fastest annual price gain since July 2025...
“Monthly price appreciation continues to reflect the seasonal strength often associated with the spring homebuying season,” Rebecca Kaufman, Associate Director of Commodities at S&P...
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Sep 15, 2026 / Tyler Durden
Here Lies The Motive: AI Leaders' Cunning Plan Exposed
Here Lies The Motive: AI Leaders' Cunning Plan Exposed
Are you scared enough yet?
The AI overlords certainly hope so, as they have hatched a plan so cunning you could pin a tail on it and call it a fox.
What follows is all speculation: the facts are real, the conclusion is interpretation.
While there were many headlines about 'rogue' AIs attacking other sites, reincarnating themselves, and talking amongst themselves, it wasn't until this summer (interestingly a month after SPCX's IPO) that things went just a little bit turbo...
In July 2026, a swarm...
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Sep 27, 2026 / Tyler Durden
Two-Month China Truce Falls Short Of Expectations As Markets Fade Trump-Xi Summit
Two-Month China Truce Falls Short Of Expectations As Markets Fade Trump-Xi Summit
Donald Trump gave Xi Jinping the full state-visit treatment in Washington, but markets were more interested in what the two leaders did not deliver.
After three days of ceremony, an unusually warm presidential welcome and repeated pledges to stabilize relations between the world's two largest economies, the main economic outcome was a two-month extension of the existing U.S.-China trade truce, pushing its expiration from November 10 to January 10, 2027.
That averted an immediate return to escalation, but fell short...
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