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IBM misses revenue estimates but cloud jumps; withdraws forecast

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 […]

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IBM misses revenue estimates but cloud jumps; withdraws forecast

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 […]

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UAW, Detroit automakers in talks over safety rules to reopen U.S. plants

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 […]

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These Super-Safe Stocks Offer the Highest Returns

Many investors are feeling a bit gun-shy as the coronavirus crisis continues to cause gut-wrenching market volatility.
But, as Alexander Green explains today, one particular investment strategy both is super-safe and can offer mega returns.

Editor’s Note: Stuck at home with nothing to do but worry about market volatility and your portfolio? The good news is Alexander Green is here to answer the question “What the heck do I do with my money?”

He has teamed up once again with Bill O’Reilly to present a totally FREE webinar discussing The Smartest Investment Strategy of All Time. So, if you have time in your …read more […]

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Traders play 'hot potato' with U.S. oil contract as it crashes to $5 a barrel

While oil-producing nations have agreed to cut output and major global oil companies are also trimming production, those cuts will not come quickly enough to avoid a massive clog in the next couple of weeks. Four weeks ago, the storage hub was half full – now it is 69% full, according to U.S. Energy Department data. …read more […]