The cloud unit of the Hangzhou-based company said it is selling a coding tool built atop open-source models like Alibaba’s own Qwen 3.5, as well as offerings from local startups Zhipu AI, Moonshot AI ...

International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...

IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the ...

COBOL is a computer language used for business data processing and IBM is a leader in that area.

IBM’s stock took a hit after Anthropic, the company behind the AI model Claude, said its new tool can make fixing old COBOL ...

News archive including articles on Fund Managers, Fund Selection, Asset Allocation, Absolute Return, Offshore Investments, Tax Shelters, Insurance bonds. Fidelity’s Alex Wright: The sold-off stocks th ...

The Sensex crashed 1,069 points, or 1.28%, to end at 82,225.92, while the NSE counterpart Nifty 50 fell 1.12% to close at ...

Valuations plunge after brokerage firm Jefferies warns that six leading companies – Infosys, TCS, HCL, LTIMindtree, Mphasis and Hexaware Technologies – could be hit; investors worry automation could s ...

Of interest, the iShares Expanded Tech-Software Sector ETF (IGV) continued to lose ground on Monday, down nearly 5.0% and on ...

A new AI sell-off has spooked markets (^DJI, ^IXIC, ^GSPC) and the tech sector in Monday's session after a report from Citrini Research outlined a scenario of mass layoffs that could occur in 2028 due ...

On the heels of IBM’s sharpest daily decline in a quarter-century, analysts cheered the resilience of the company’s mainframe business.