|Bid||143.91 x 800|
|Ask||143.89 x 900|
|Day's Range||142.74 - 144.06|
|52 Week Range||137.45 - 171.13|
|PE Ratio (TTM)||23.62|
|Earnings Date||Jul 18, 2018|
|Forward Dividend & Yield||6.28 (4.35%)|
|1y Target Est||165.47|
Earnings and more commentary from Federal Reserve chair Jerome Powell will be the highlights for investors on Wednesday after tech stocks closed at a record high on Wednesday.
Here are some things going on today in the world of tech: Shares of Alphabet (GOOGL) are up $3.31, or 0.27%, to $1,216.40 after the European Union imposed a €4.3 billion fine on the company’s Google unit for anti-trust violations in the way that it struck deals with phone makers for use of its Android software that “denied rivals the chance to innovate and compete,” in the words of Margarethe Vestager, the EU competition commission, as reported by Bloomberg’s Aoife White, Stephanie Bodoni, and Natalia Drozdiak. Google has 90 days to top “illegal practices,” the authors relate. Google’s CEO, Sundar Pichai, posted an essay online in which he said the ruling ignores the fact Android compete’s with Apple’s (AAPL) iOS software, and that Android provides opportunity to “thousands of phone makers” and “millions of app developers." “We intend to appeal,” he wrote.
IBM collaborates with Stronghold, as an extension to its partnership with the latter's anchor platform, Stellar. Both IBM and Stronghold USD will explore new avenues to improve the token system.
In the continuing story of International Business Machines Corp.’s attempt to transform itself for the new age, one large focus will be how the tech company is taking advantage of a heightened security climate.
International Business Machines is scheduled to announce second-quarter earnings Wednesday after the market closes. Here’s what to look for.
On July 17, IBM (IBM) charged Groupon (GRPN) with $167 million in a lawsuit for infringing four of its patents. IBM believes Groupon has built its online business based on IBM’s e-commerce platform without any approval from IBM.
IBM’s (IBM) ranking among cloud vendors is sliding, and it turns out Alibaba (BABA) and Alphabet’s (GOOGL) Google may have played a role in its repositioning. In its new report on cloud vendors, Synergy Research indicates that Alibaba has ousted IBM to become the world’s fourth-largest cloud company by market share.
IBM (NYSE: IBM ) announces its next round of earnings Wednesday. Here's Benzinga's advanced look at IBM's Q2 earnings report. Earnings and Revenue IBM EPS is expected to be around $3.04, according to sell-side ...
International Business Machines Corporation ( IBM) has been a component of the Dow Jones Industrial Average since June 1979. The stock set its all-time intraday high of $215.90 in March 2013 and then bottomed with a low of $116.90 during the week of Feb. 12, 2016, a bear market decline of 46%. The stock has been a "Dog of the Dow" for several years given its share price weakness and solid dividend yield, now at 4.32%. The stock is correction territory at 16.2% below its 2018 high of $171.13 set on Jan. 18.
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.S. dollars per coin,” according to an official press release, and held in an account with Nevada-based Prime Trust, the same trust company that banks for the stablecoin TrueUSD.The stablecoin is also purportedly protected by FDIC Insurance, something no other stablecoin or cryptocurrency company — bar Coinbase and Gemini — can claim. Founded in 1933 in the throes of the Great Depression, the FDIC is a federal agency that provides deposit insurance for clients at commercial banks and savings institutions, covering amounts up to $250,000. As an exchange, Stronghold acts as a Stellar network anchor, a trusted entity that holds deposits and issues corresponding credit for these deposits. Anchors allows Stellar’s users to bridge the gap between networks, as any currency (fiat or crypto) can be represented as credit on the network and traded accordingly (except for lumens, which is Stellar’s native coin and is settled on-chain without the need for an anchor or credit).Stronghold USD will act as a new anchor for Stellar’s network. Underpinned by Stellar’s blockchain, Stronghold USD will be issued and transacted on the network, and users will be able to liquidate their Stronghold USD through Stronghold’s exchange or Prime Trust.IBM’s involvement in the project is unsurprising given the legacy tech company’s ongoing partnership with Stellar. Stronghold also chose to collaborate with IBM to explore the potential business and enterprise application of their newest offering. The partnership will test this potential by examining use cases for the blockchain businesses that leverage IBM’s blockchain platform.“The digitization of real-world assets using blockchain can dramatically transform many forms of financial transactions conducted around the world,” Global Vice President of IBM Blockchain, Jesse Lund, said in a statement. “New types of fiat-backed instruments, like Stronghold’s USD token, have the potential to improve the backbone of international banking operations and payments, giving banks an easier way to integrate with public blockchain networks without significant changes to their core banking and compliance infrastructure.”The company statement seems to take aim at other stable tokens in the ecosystem: “[the] intent of issuing a token, like Stronghold USD, is to strengthen confidence in the practical application of stablecoins for routine transactions by addressing the challenges associated with previous attempts at fiat-backed coins, where limited transparency into the underlying reserves guaranteeing the coin’s value prevented broad adoption.”“Previous attempts” could be pointing a semantic finger at Tether, the oldest and most popular stablecoin on the market. Tether has long drawn skepticism and criticism from the community for its lack of transparency and opaque asset management practices. The company has repeatedly stressed that it can’t acquire an official audit to attest to the dollar reserves that are supposedly backing its supply, and naysayers doubt that it has one-to-one backing at all. Researchers at the University of Texas at Austin have even argued that Tether’s fractional issuance inflated bitcoin during last year’s bull run. Unlike Tether, Stronghold USD is audited, according to Scott Purcell, Prime Trust’s CEO, but the identity of the auditing firm has not been revealed. The new stablecoin also features backing by the FDIC in what may be perceived as a badge of legitimacy and reliability.Tether is also mainly used as a haven of stability for traders. When navigating the daily volatility of the cryptocurrency market, traders will often “tether up” to avoid losing their holding’s dollar value. Judging by the press release’s emphasis on business, Stronghold and IBM are working to bring Stronghold USD to business, financial institutions and the like for enterprise adoption and day-to-day use.Stronghold is currently accepting applications for institutional investors and entities to test Stronghold USD. Access for retail investors will be opened at a later but unspecified date. This article originally appeared on Bitcoin Magazine.
International Business Machines Corp (IBM.N) is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. The so-called stable coin, Stronghold USD, launched on Tuesday on the Stellar blockchain platform. Buyers of the coin will deposit greenbacks with the company's partner bank, Nevada-based Prime Trust for Stronghold to issue the tokens based on a 1-to-1 ratio.