IBM stock plunges 23% after disappointing Q2 results, worst drop since 1987

July 14, 2026

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Web Desk

International Business Machines (IBM) saw its stock tumble 23% on Tuesday, marking its steepest single-day decline since October 19, 1987, when shares fell 23.7%. The selloff came after the tech giant released preliminary second-quarter results that missed Wall Street’s estimates on both earnings and revenue. According to FactSet data, IBM reported adjusted earnings of…
Adobe to acquire marketing platform Semrush for $1.9 billion

November 19, 2025

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SAN JOSE – Adobe Inc. said on Wednesday it has agreed to acquire search engine marketing platform Semrush Holdings Inc. for $1.9 billion in cash, a move aimed at bolstering its marketing tools for clients navigating the artificial intelligence era. The design and marketing software giant will pay $12 per share for Semrush, sending the…
Tech titans bet big on AI, fueling bubble fears as spending tops $380 billion

November 1, 2025

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Ali Mirza

In a high-stakes gamble that is reshaping the global economy, America’s technology giants are doubling down on artificial intelligence, signaling this week that their record-breaking investments are only accelerating. Despite rising concerns from Wall Street and central banks that the industry is inflating a dangerous bubble, Alphabet (Google), Meta, Microsoft, and Amazon are collectively…
Teradyne Q3 2025 revenue rises 4.3%, fueled by strong AI test demand

October 28, 2025

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NORTH READING – Teradyne, Inc. (NASDAQ: TER) on Tuesday reported 4.34% YoY increase in revenue to $769 million for the third quarter of 2025 of which $606 million was in Semiconductor Test, $88 million in Product Test, and $75 million in Robotics. According to stock filing, GAAP net income for the third quarter of…
Saudi Arabia’s Almasar to Float 30% Stake in Tadawul IPO Following CMA Approval

October 27, 2025

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RIYADH: Almasar, the Amanat Education platform, announced plans to proceed with an initial public offering (IPO) of 30,720,400 ordinary shares—representing 30% of its total issued share capital—on the Saudi Exchange (Tadawul), following regulatory clearance. The Capital Market Authority (CMA) of Saudi Arabia granted approval on Sept. 29, 2025, for the listing, marking a key…
Gold soars past $4,000: The ultimate safe haven in a world on edge

October 8, 2025

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Muhammad ALI

Price of gold has shattered records, blasting past $4,000 per troy ounce for the first time in history. This isn’t just a number; it’s a flashing neon sign pointing to the deep-seated anxiety gripping global investors. The precious metal’s incredible 53% surge this year is a direct response to a world fraught with geopolitical…
Alphabet’s $3 trillion triumph: A tech titan reinvents itself in the age of AI

September 15, 2025

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Ali Mirza

Twenty years ago, Google’s IPO was a bold bet on the future of search. Today, its parent company Alphabet has crossed the $3 trillion threshold, joining the elite ranks of Apple, Microsoft, and Nvidia. But this isn’t just a story about market capitalization—it’s a story of reinvention, resilience, and the relentless pursuit of relevance…
StubHub targets $851 million in NYSE IPO, eyes $9.2 billion valuation

September 8, 2025

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StubHub is seeking to raise up to $851 million in its initial public offering, aiming for a valuation of as much as $9.2 billion, according to a regulatory filing published Monday. The ticket resale platform plans to offer more than 34 million shares priced between $22 and $25 each. The company will list on…
Wall Street pulls back ahead of long weekend despite S&P 500 record

August 29, 2025

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NEW YORK: U.S. stocks retreated Friday as investors locked in profits heading into a long weekend, following a record-setting week for the S&P 500 and strong earnings from Nvidia. The pullback came amid fresh inflation data that signaled persistent pricing pressures. The S&P 500 fell 0.7%, while the Nasdaq Composite dropped 1.2%. The Dow…
Wall Street slips as investors eye retail earnings, Fed symposium

August 18, 2025

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Dow Jones slips from record highs as investors await retail earnings and Fed signals NEW YORK: U.S. stocks edged lower Monday as investors turned cautious ahead of key earnings reports from major retailers and the Federal Reserve’s annual symposium in Jackson Hole, Wyoming. The Dow Jones Industrial Average fell 47.13 points, or 0.11%, to…
S&P 500 retreats after record high, chip stocks drag

August 15, 2025

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Dow Jones outperforms on UnitedHealth surge NEW YORK: The S&P 500 edged lower on Friday, taking a breather after scaling an all-time peak earlier in the session, as investors cashed in on gains following a robust week. The broad market index was last down about 0.2%. The Nasdaq Composite declined 0.4%. The Dow Jones…
U.S. stocks rebound despite inflation jitters; S&P 500 closes at record high

August 14, 2025

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Dow Jones slips despite intraday rebound, weighed down by inflation concerns and rate cut uncertainty NEW YORK: U.S. stocks clawed back from early losses on Thursday, with investors once again buying the dip despite a hotter-than-expected wholesale inflation report that clouded hopes for a near-term Federal Reserve rate cut. The S&P 500 eked out…

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