On Monday, IBM posted quarterly revenue slightly lower than expected, but topped profit targets as sales in its high-margin cloud computing business rose 19%. The company also withdrew its 2020 annual forecast. The Final Round panel discusses the details. …read more […]
The company for several years has been focused on becoming a major player in the cloud services industry, acquiring Linux maker Red Hat and selling some legacy businesses. Revenue from the cloud business, previously headed by IBM’s new boss Arvind Krishna, rose 19% to $5.4 billion in the first quarter. Krishna took over the chief executive officer role from Ginni Rometty in April, while appointing former Bank of America Corp’s top technology executive Howard Boville as the new head of IBM’s cloud business. …read more […]
International Business Machines Corp posted quarterly revenue slightly lower than Wall Street expected, but beat profit targets as sales in its high-margin cloud computing business rose 19%. The company for several years has been focused on becoming a major player in the cloud services industry, acquiring Linux maker Red Hat and selling some legacy businesses. Revenue from the cloud business, previously headed by IBM’s new boss Arvind Krishna, rose 19% to $5.4 billion in the first quarter. …read more […]
Detroit’s automakers and the United Auto Workers (UAW) union are in talks about safely restarting U.S. production halted by the coronavirus pandemic, but local union leaders said on Monday any workers who feel sick must be allowed to self quarantine without losing pay.
Detroit’s automakers and the United Auto Workers (UAW) union are in talks about safely restarting U.S. production halted by the coronavirus pandemic, but local union leaders said on Monday any workers who feel sick must be allowed to self quarantine without losing pay. The safety practices and sick leave policies the automakers and the UAW agree to would offer a template for auto suppliers and potentially other manufacturing industries. …read more […]
Yahoo Finance’s Dan Howley joins Seana Smith to break down earnings expectations for Netflix, ahead of the streaming giant reporting quarterly results Tuesday. …read more […]
Netflix looks poised to gain millions more subscribers around the world due coronavirus lockdowns. …read more […]
Tocqueville Asset Management Portfolio Manager John Petrides joins Yahoo Finance’s Seana Smith to discuss the latest market volatility amid the coronavirus. …read more […]
U.S. crude oil futures turned negative on Monday for the first time in history, ending the day at a stunning minus $37.63 a barrel as traders sold heavily because of rapidly filling storage space at the key Cushing, Oklahoma, delivery point.
Wall Street fell sharply on Monday after U.S. crude futures turned negative for the first time in history, underscoring the chaos the coronavirus pandemic has unleashed on the global economy.
U.S. restaurants asked Congress for more financial aid on Monday to help weather the coronavirus crisis ravaging the industry, saying they are on track to lose $240 billion by the end of 2020.
Energy traders fled from the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract deep into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.
U.S. Democrats and Republicans in Congress feuded on Monday over who was responsible for delay even as they worked on details of a possible $450 billion-plus deal to provide more aid to small businesses and hospitals hurt by the coronavirus pandemic.
Investors are “anxious” about the markets, but “aggressive” about investment opportunities, Caleb Silver, editor-in-chief of Investopedia, told Yahoo Finance. …read more […]
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