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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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Mar 17, 2026 / Wanjiru Njoya
Rothbard Never Abandoned His Principles
As we continue to celebrate the centennial of the birth of Murray Rothbard, Wanjiru Njoya reminds us that he never compromised his principles and stood for liberty throughout his all-too-brief life.
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Jun 22, 2026 / Tyler Durden
When Will Gasoline Prices Return To Pre-War Levels?
When Will Gasoline Prices Return To Pre-War Levels? Authored by Robert Rapier via OilPrice.com, Oil futures have quickly priced in a favorable outcome from U.S.-Iran diplomacy, but physical oil flows, shipping networks, and refinery supply chains take much longer to normalize. Low global inventories and the need to replenish strategic and commercial stockpiles could create significant demand for crude even after supply disruptions ease. Gasoline prices are influenced by refining capacity, inventories, distribution costs, and seasonal demand, meaning pump prices may remain elevated even if crude oil continues to fall. Gasoline prices have started...
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Jul 28, 2026 / Tyler Durden
Republican Mayor Celebrates African Refugees As The "New Pioneers"
Republican Mayor Celebrates African Refugees As The "New Pioneers" A Republican mayor in Utah is catching heat for turning the state's traditional Pioneer Day into a celebration of African refugees, dubbing them the modern-day equivalents of the Mormon settlers who founded the Beehive State. Provo Mayor Marsha Judkins posted an Instagram message this week praising African migrants who have resettled in Utah's fourth-largest city. Judkins said that Utahns mark Pioneer Day to "recognize those who journeyed west in search of religious freedom and the opportunity to build a better future free from...
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