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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 27, 2026 / Tyler Durden
US Signals Allies 'No Immediate Plans' For Ground Invasion, As Iran Warns 'Heavy Price' To Pay For Nuclear & Steel Plant Attacks
US Signals Allies 'No Immediate Plans' For Ground Invasion, As Iran Warns 'Heavy Price' To Pay For Nuclear & Steel Plant Attacks Summary US signals to allies no ground invasion coming, with thousands of troops still en route: Iran denies requesting Donald Trump’s 10-day halt; Israel attacks steel & industrial sites. Also, Khondab Heavy Water Research Reactor, part of the Arak Nuclear Complex, targeted. Yellow Cake factory in Yazd province hit. Escalation on all fronts: IRGC HQ targeted by US-Israsel; Iran signals expansion by naming UAE targets, hitting Kuwait ports and sending drones...
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Apr 13, 2026 / Tyler Durden
US Property Taxes Rose 3 Percent On Average In 2025, Outpacing Inflation
US Property Taxes Rose 3 Percent On Average In 2025, Outpacing Inflation Authored by Rob Sabo via The Epoch Times (emphasis ours), Property taxes are rising across the United States and, on average, have outpaced inflation. Homeowners in 2025 paid a total of $396.8 billion in property taxes on more than 89.6 million single-family homes, a 3.7 percent increase from 2024, an April 9 report by real estate property data provider ATTOM states. The average single-family home paid $4,427 in taxes, up by 3 percent from 2024, driven by a higher effective tax...
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Aug 20, 2026 / Tyler Durden
FBI Seizes Eric Swalwell's Electronic Devices At San Francisco Airport Amid Sexual Misconduct Investigation
FBI Seizes Eric Swalwell's Electronic Devices At San Francisco Airport Amid Sexual Misconduct Investigation The FBI executed a search warrant against former congressman Eric Swalwell on Saturday after he landed at San Francisco Airport - seizing his electronic devices, including his cell phone, as part of a federal investigation into allegations of sexual misconduct, the Daily Mail reports. According to the report: The agents, armed with additional court-approved search warrants, then entered his house in Washington, D.C. on Sunday, seizing additional undisclosed potential evidence,  well-placed sources tell the Daily Mail. Sources say Swalwell started his day Saturday in...
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