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IBM rebound runs out of steam as revenue dips

IBM rebound runs out of steam as revenue dips

IBM’s long-awaited revenue rebound ran out of steam in the third quarter, disappointing investors who had hoped the IT group would start to see more consistent growth on the back of newer businesses like artificial intelligence and blockchain.

Published 1 second ago

Trump Complains About Rising Interest Rates, Calling the Fed ‘My Biggest Threat’

Trump Complains About Rising Interest Rates, Calling the Fed ‘My Biggest Threat’

President Trump reiterated his complaints that the Federal Reserve is raising short-term interest rates too fast, calling the U.S. central bank “my biggest threat.”

Published 4 days ago

Technology stocks drive Wall Street’s biggest leap since March

Technology stocks drive Wall Street’s biggest leap since March

Gains help to claw back some of last week’s bruising decline

Published 1 second ago

Saudi Arabia pulls planned deal with Hyperloop

Saudi Arabia pulls planned deal with Hyperloop

Futuristic transport plan abandoned by kingdom following Virgin Group founder criticism

Published 1 second ago

Trump Complains About Rising Interest Rates, Calling the Fed ‘My Biggest Threat’

Trump Complains About Rising Interest Rates, Calling the Fed ‘My Biggest Threat’

President Trump reiterated his complaints that the Federal Reserve is raising short-term interest rates too fast, calling the U.S. central bank “my biggest threat.”

Published 4 days ago

SEC Rules NYSE, Nasdaq Didn’t Justify Market Data Fee Increases

SEC Rules NYSE, Nasdaq Didn’t Justify Market Data Fee Increases

The Securities and Exchange Commission ruled the country’s biggest exchanges didn’t justify increases in fees they charge for certain market-data products that brokers and traders consider essential to their business.

Published 4 days ago

Saudi Money Flows Into Silicon Valley—and With It Qualms

Saudi Money Flows Into Silicon Valley—and With It Qualms

Silicon Valley faces a potentially unsettling fact following international backlash over Saudi Arabia’s alleged involvement in the possible murder of a journalist: The kingdom is now the largest single funding source for U.S. startups.

Published 5 days ago

IBM’s Revenue Shrinks Again

IBM’s Revenue Shrinks Again

IBM reported third-quarter revenue that fell 2.1% from a year earlier, snapping a brief return to growth that had ended nearly six years of shrinking sales.

Published 4 days ago

Trump Complains About Rising Interest Rates, Calling the Fed ‘My Biggest Threat’

Trump Complains About Rising Interest Rates, Calling the Fed ‘My Biggest Threat’

President Trump reiterated his complaints that the Federal Reserve is raising short-term interest rates too fast, calling the U.S. central bank “my biggest threat.”

Published 4 days ago

Saudi Money Flows Into Silicon Valley—and With It Qualms

Saudi Money Flows Into Silicon Valley—and With It Qualms

Silicon Valley faces a potentially unsettling fact following international backlash over Saudi Arabia’s alleged involvement in the possible murder of a journalist: The kingdom is now the largest single funding source for U.S. startups.

Published 5 days ago

Private-Equity Firm Abraaj Raised Billions Pledging to Do Good—Then It Fell Apart

Private-Equity Firm Abraaj Raised Billions Pledging to Do Good—Then It Fell Apart

Western investors piled into the Dubai-based Abraaj Group, whose founder, Arif Naqvi, pledged to make money by helping the poor in developing countries. Now it’s the world’s largest insolvent private-equity firm.

Published 5 days ago

Netflix Reports Strong Growth in New Users

Netflix Reports Strong Growth in New Users

Netflix exceeded expectations for adding new subscribers during the third quarter, reporting strong user growth in international markets.

Published 4 days ago

Uber Proposals Value Company at $120 Billion in a Possible IPO

Uber Proposals Value Company at $120 Billion in a Possible IPO

The ride-hailing company recently received proposals from banks valuing it at as much as $120 billion in an initial public offering that could take place early next year.

Published 5 days ago

SEC to Rule NYSE, Nasdaq Didn’t Justify Market Data Fee Increases

SEC to Rule NYSE, Nasdaq Didn’t Justify Market Data Fee Increases

The Securities and Exchange Commission on Tuesday is expected to rule the country’s biggest exchanges didn’t justify increases in fees they charge for certain market-data products that brokers and traders consider essential to their business.

Published 4 days ago

Goldman, Morgan Stanley Show Wall Street Charging Ahead

Goldman, Morgan Stanley Show Wall Street Charging Ahead

Goldman Sachs and Morgan Stanley both reported sharply higher third-quarter profits Tuesday, wrapping up a week of big-bank earnings reports that reflect the strength of a U.S. economy shrugging off geopolitical turmoil.

Published 4 days ago