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Big Blew It! IBM Crashes Most Since '60s Amid CapEx Woes; Goldman Warns Over 'Software Bear Case'
Big Blew It! IBM Crashes Most Since '60s Amid CapEx Woes; Goldman Warns Over 'Software Bear Case'
Summary:
Wall Street Desks Stunned
IBM Shares Crash Most On Record, Exceeding Dot Com & 1987 Crashes
CEO Arvind Krishna Blamed Preliminary 2Q Results on "Shifting" Customer CapEx Spending
IBM's surprise second-quarter warning blindsided traders Tuesday morning, raising new concerns that enterprise technology budgets are being redirected toward AI infrastructure at the expense of traditional software and IT services.
Shares plunged 24% in the first 20 minutes of New York trading. Should those losses hold through the...
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Jul 3, 2026 / Tyler Durden
These Are The World's Most & Least Free Countries
These Are The World's Most & Least Free Countries
Global freedom declined for the 20th consecutive year in 2025, according to Freedom House. More than 50 countries saw political rights and civil liberties deteriorate, including the United States.
This graphic, via Visual Capitalist's Gabriel Cohen, ranks the world’s most and least free countries using Freedom House’s 2026 Freedom in the World report, which evaluates political rights and civil liberties across 195 countries and territories.
Finland topped the rankings with a perfect score of 100, followed by New Zealand, Norway, and Sweden at 99. Meanwhile,...
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Jun 19, 2026 / Tyler Durden
Outrage As Suspect In UK Toddler Crocodile Attack Released On Bail; Identity Still Hidden
Outrage As Suspect In UK Toddler Crocodile Attack Released On Bail; Identity Still Hidden
Authored by Steve Watson via Modernity,
The insane attack at a family-run zoo in Cambridgeshire, UK has now produced a fresh outrage.
A three-year-old boy from the area remains in critical but stable condition at Addenbrooke's Hospital after being thrown into a crocodile enclosure.
Yet, the 30-year-old man from Norfolk arrested on suspicion of attempted murder has already been released on bail until 18 September. Police assessed him as "unfit for interview" and continue to withhold his identity from...
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Jul 26, 2026 / Jason Ditz
Lebanese Army Accuses Israel of Violating Ceasefire, Firing on Their Position
The Lebanon “pilot zones” project finally got underway last week, following substantial delays and multiple rounds of negotiations. The Lebanese Army now says their deployment into those villages, as required by the deal, is being prevented by Israeli violations of the ceasefire. The pilot zones were meant to be symbolic, token pullouts from Israel after […]
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