Overnight in the U.S., the S&P 500 climbed 0.78% to a record close of 6,358.91 — its 12th of the year.
Overnight in the U.S., the S&P 500 climbed 0.78% to a record close of 6,358.91 — its 12th of the year.
Executives said the spend will be on tech infrastructure needed to power cloud services.
This was higher than the 0.5% expected by economists polled by Reuters, and a reversal from the 0.2% contraction seen in the first quarter.
Revenue rose about 35% in the June quarter compared with the same period a year earlier, while operating profit jumped nearly 69%, year on year.
Revenue rose about 35% in the June quarter compared with the same period a year earlier, while operating profit rose 68%, year on year.
The S&P 500 rallied to a new record close on Wednesday afternoon following new developments on the tariff front.
The S&P 500 rallied to a new record close on Wednesday afternoon following new developments on the tariff front.
IBM delivered stronger results than expected and raised its forecast for full-year free cash flow.
IBM delivered stronger earnings and income than expected and raised its forecast for full-year free cash flow. But software revenue was a bit light.
IBM delivered stronger results than expected and raised its forecast for full-year free cash flow.
Janet Yellen issued a candid take on what's next.
Treasury Secretary Scott Bessentwas busy giving Powell forward guidance about his retirement yesterd
CEO Haviv Ilan said some of the second-quarter strength may have come from a pull-forward in demand to acquire inventory ahead of tariffs.
The company made a number of AI announcements during the quarter.
The company increased its capital expenditures for 2025 by $10 billion due to “strong and growing demand for our Cloud products and services.”
Reddit-obsessed retail traders targeted wearable camera firm GoPro and donut maker Krispy Kreme on Wednesday.
Treasury yields were broadly higher as traders turn their attention to the Federal Reserve’s monetary policy meeting next week.
The U.K.’s Competition and Markets authority proposed designating Apple and Google as having “strategic market status.”
Legislation aimed at expanding opportunities for investors to access private markets is advancing in Congress.