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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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Jun 8, 2026 / Tyler Durden
UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades
UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades
There is certainly a growing consensus on Wall Street that the tax-refund sugar high is fading just as consumers' financial profiles deteriorate. The latest read-through comes from UBS analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who warns that a toxic cocktail of macro pressures is likely to crimp restaurant spending in the second half of the year.
Geiger warned in a note that elevated gas prices at the pump appear to be offsetting tax-rebate benefits, while...
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Sep 16, 2026 / Tyler Durden
Ahead Of The Fed: Bessent, Bullion, Bans, & Hawkish Bias
Ahead Of The Fed: Bessent, Bullion, Bans, & Hawkish Bias
Authored by Peter Tchir via Academy Securities,
Before jumping into the Fed, let’s just spend another minute on diesel, and Bessent’s “Performance” which along with Warsh’s Difficult Task, were formed the bulk of last weekend’s Never Forgotten! And Some Work Stuff…
Bessent’s "Performance" & Bullion
On the Treasury buyback, we didn’t even get to the full $6 billion. The buyback focused on off the run treasuries, deemed as “cheap”, but not cheap enough that the Treasury Department would “overpay”. If you really want to move bond...
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Sep 10, 2026 / Tyler Durden
Right-Wing Bolsonaro Overtakes Socialist Lula On Polymarket As Brazil Election Nears
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