Big Blew It! IBM Crashes Most Since '60s Amid CapEx Woes; Goldman Warns Over 'Software Bear Case'

No THAC0 Tuesday By Michael Every of Rabobank No TACO And No THAC0 The Global Daily yesterday noted lots of reasons to worry about this Gulf War 3 - today there are far more. However, as made clear since the start of this crisis, there is no way to say, “This is silly,” or to ‘go home’ and return to ‘normality’. Everyone in the war except the US *is* at home. Israel is targeting Iran’s leaders and PM Netanyahu says the country is only “over halfway” to its war goals, with no timeline...

"There Goes Your Inventory": Disgruntled Worker Sets Fire To Million-Square-Foot Toilet Paper Warehouse Dramatic footage appears to show an act of industrial sabotage at a one-million-square-foot Kimberly-Clark distribution center in Ontario, California. A third-party warehouse worker was arrested on suspicion of felony arson shortly after the devastating six-alarm fire on Tuesday morning, which destroyed all of the warehouse's contents, including household paper products such as Kleenex and toilet paper. Local media outlet Fox 11 Los Angeles said Ontario police arrested Chamel Abdulkarim, 29, an employee of a third-party distribution partner, on suspicion...

Companies Report Raging Inflation, Except In Wages & Rents Authored by Wolf Richter via Wolf Street, Manufacturers reported that the costs of health insurance for employees shot up by 14.2% on average; service firms reported an average increase of 12.9%, according to a report by the New York Fed based on a survey of companies in the New York-Northern New Jersey region. These are averages, but “some firms reported increases of between 25% and 50% when they renewed their coverage,” the report said. Manufacturers and service firms both reported that the costs...