IBM announced plans to invest $1B in new Linux and open source technologies for IBM's Power Systems servers. The investment aims to help clients capitalize on big data and cloud computing with systems built to handle applications coming to the data center in the post-PC era. Two immediate initiatives announced, a new client center in Europe and a Linux on Power development cloud, focus on expanding IBM's ecosystem supporting Linux on Power Systems.
NEW YORK (Reuters) -U.S. prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering. Prosecutors made the request in a Tuesday night filing in Seattle federal court. They said sentencing Zhao to twice the maximum 18 months recommended under federal guidelines would reflect the magnitude of his willful violations, and send a message that "the right choice, every time, is to comply with the law."
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
Her flagship Ark ETF has lost 17% year to date.
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.
(Bloomberg) -- Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapAlphabet Beats Revenue Estimates as
This is what could happen next to GE Aerospace shares.
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
This growth ETF has nicely outperformed the S&P 500 since its inception.
Intel reported its Q1 earnings on Thursday, beating analysts' estimates. But a disappointing outlook sent shares sliding.
