IBM Shares Plunge 25% After Disappointing Earnings Report

IBM's stock fell 25.2% on Tuesday, marking its largest single-day decline in 115 years, following a…

Udaan Secures $160 Million Amid Ongoing Insolvency Issues

Udaan, a business-to-business e-commerce platform, announced a financing round of approximately $160 million on Tuesday. This…

Bank Earnings Reflect Strong Economy; IBM Stock Declines

U.S. bank earnings released this week indicate a resilient economy, with major financial institutions reporting stronger-than-expected…

Senators Propose Sanctions Bill Targeting Russia’s Economy

U.S. senators unveiled a bipartisan sanctions bill on Tuesday aimed at pressuring Russia amid its ongoing…

Fed Chairman Warsh Details Reforms in Congressional

Federal Reserve Chairman Kevin Warsh outlined reforms during his first congressional testimony before the House Financial…

Fastenal Reports Q2 Earnings, Sales Beat Estimates

Fastenal Company (NASDAQ: FAST) reported its second-quarter earnings on Wednesday, revealing a 14.7% year-over-year increase in…

US CPI Falls 0.4% in June, Easing Rate Hike Concerns

The U.S. Consumer Price Index (CPI) fell 0.4% in June, reducing the annual inflation rate to…

Mizuho Downgrades Circle Amid Open USD Competitive Threat

Mizuho Securities downgraded Circle, the issuer of the USDC stablecoin, to 'underperform' from 'neutral' and cut…

IBM Warns of Budget Shift Amid AI Spending Boom

IBM issued a pre-earnings warning on Tuesday, indicating a significant shift in technology budgets as companies…

RBI to Discuss FCNR Deposits with Bank Executives Wednesday

The Reserve Bank of India (RBI) will meet with executive directors of banks on Wednesday to…