IBM - International Business Machines Corporation

NYSE - NYSE Delayed Price. Currency in USD
121.76
+3.37 (+2.85%)
At close: 4:00PM EDT

121.76 0.00 (0.00%)
After hours: 7:50PM EDT

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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close118.39
Open121.30
Bid121.25 x 1000
Ask122.25 x 900
Day's Range121.01 - 122.62
52 Week Range90.56 - 158.75
Volume5,194,002
Avg. Volume6,733,166
Market Cap108.11B
Beta (5Y Monthly)1.24
PE Ratio (TTM)12.06
EPS (TTM)10.10
Earnings DateJul 20, 2020
Forward Dividend & Yield6.52 (5.51%)
Ex-Dividend DateMay 07, 2020
1y Target Est127.29
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • IBM Is Said To Make Far-Reaching Job Cuts Across The U.S.
    SmarterAnalyst

    IBM Is Said To Make Far-Reaching Job Cuts Across The U.S.

    IBM Corp. (IBM) is said to reduce the number of employees across the U.S., streamlining its workforce in at least five states.The company declined to comment on the total number, but the workforce reductions appear far-reaching, according to a Bloomberg report.“IBM’s work in a highly competitive marketplace requires flexibility to constantly add high-value skills to our workforce. While we always consider the current environment, IBM’s workforce decisions are in the interest of the long-term health of our business,” company spokesman Ed Barbini said in a statement. “Recognizing the unique and difficult situation this business decision may create for some of our employees, IBM is offering subsidized medical coverage to all affected U.S. employees through June 2021.”Based on a review of IBM internal communications on the Slack corporate messaging service, the number of affected workers is likely to be in the thousands, said a North Carolina-based worker who lost his job along with his entire team of 12.“This was far ranging -- and historical employment ratings, age and seniority did not seem to matter,” he said. The person asked not to be identified on concern that speaking publicly may impact his severance package, according to the Bloomberg report.IBM employees in Pennsylvania, California, Missouri and New York, are also said to be affected by the round of job cuts, according to the Bloomberg report.Another worker who lost his job said the reductions mostly focus on IBM’s North American workforce. Half of his 70-person department were cut and told their last day with the company will be June 22.IBM is joining a list of tech companies, who are implementing cost-cutting measures, such as widespread job cuts after the coronavirus pandemic induced a slower economic growth environment. Uber Technologies Inc. (UBER) has cut about a quarter of its workforce, while Hewlett Packard Enterprise Co. (HPE) last week said it will cut some employees to preserve cash.In an earnings call in January, IBM discussed reducing costs through “aggressive structural actions” to improve the competitiveness of its Global Technology Services consulting unit, which represents about a third of revenue.Shares in IBM, which have advanced 25% in the past two months, are still down 13% year-to-date.Turning now to Wall Street, analysts are cautiously optimistic about the stock’s outlook. The Moderate Buy consensus is divided into 4 Buy ratings and 8 Hold ratings. The $132.36 average price target suggests shares have 12% upside potential in the coming 12 months. (See IBM stock analysis on TipRanks).Related News: Nvidia Sinks Despite Stellar Earnings; Top Analyst Says Buy On Any Weakness Micron Has More Than Enough Tailwinds to Offset Huawei Sanctions, Says Top Analyst Baidu May Use Nasdaq Delisting To Boost Value – Report More recent articles from Smarter Analyst: * Macy’s Spikes 17% On Refinancing Plan To Weather Coronavirus Crisis * Redfin Brings Back Employees as Housing Market Heats Up * Eli Lilly, Junshi Biosciences To Start Human Testing Of Covid-19 Antibodies By Q2 * Merck Joins Race For Covid-19 Vaccine; Shares Rise 4.4% In Pre-Market Trading

  • 3 Top Stocks that Are Cash Cows
    Motley Fool

    3 Top Stocks that Are Cash Cows

    Looking for big dividends that look like they'll survive the COVID-19 crisis in stride? This trio of stocks should be on your short list.

  • These 4 stocks are investment pros’ favorites — and not one is a ‘FAANG’ stock
    MarketWatch

    These 4 stocks are investment pros’ favorites — and not one is a ‘FAANG’ stock

    It takes guts to be a value investor these days. According to a recent analysis from Research Affiliates, value has lagged growth now for more than 13 years — the longest stretch in recorded U.S. market history. This has led to a seemingly-endless series of pronouncements in recent years that value investing is dead.

  • Barrons.com

    Unemployment Exceeds 20% in These 3 States

    FEATURE Here’s what you need to know about the coronavirus outbreak to navigate the markets today. • The U.S. unemployment rate shot up to 14.7% in April, the Bureau of Labor Statistics reported Friday.

  • IBM's New CEO Plans Layoffs
    Motley Fool

    IBM's New CEO Plans Layoffs

    International Business Machines (NYSE: IBM) is gearing up to lay off workers amid the COVID-19 pandemic, the first such action by CEO Arvind Krishna, who took on the role in April.  IBM hasn't said how many employees it's letting go, but a source told The Wall Street Journal the move could eliminate several thousand jobs.

  • Barrons.com

    These Are the Least-Volatile Stocks Right Now

    The market’s least-volatile stocks look very different today than they did just three months ago, thanks to the disruptions caused by the Covid-19 pandemic.

  • Daily Crunch: Facebook embraces remote work
    TechCrunch

    Daily Crunch: Facebook embraces remote work

    Facebook takes more steps to support and expand a remote workforce, IBM announces layoffs and TechCrunch's big annual conference is going virtual. Facebook CEO Mark Zuckerberg estimated that over the course of the next decade, half of the company could be working fully remotely. As the next step toward that goal, Facebook will be setting up new company hubs in Denver, Dallas and Atlanta.

  • Barrons.com

    IBM Confirms It Is Cutting Some Jobs

    The computing software, hardware, and services company had hinted at possible head-count reductions in its March-quarter earnings call.

  • Salesforce Stock Is a Promising Buy Ahead of Earnings
    InvestorPlace

    Salesforce Stock Is a Promising Buy Ahead of Earnings

    Salesforce (NYSE:CRM) stock has enjoyed a strong recovery in recent weeks. The Software-as-a-Service giant saw its shares tumble from $195 to $115 during the March crash, but has rallied back above $170 now. Investors have shrugged off a slowdown in revenues at many internet companies -- in particular ones exposed to advertising -- by instead focusing on how the stay-at-home orders will speed the transition toward a digital-first economy.Source: Bjorn Bakstad / Shutterstock.com Specifically, Salesforce is likely to see a short-term slowdown in billings thanks to the virus. But the crisis may force a lot of previously offline companies to start using digital software to manage their sales channels; Salesforce could end up gaining from this in the long-term. Earnings On DeckIn any case, traders are wondering what will happen next, as Salesforce is set to report earnings next week. As of last quarter, it appeared Salesforce was experiencing accelerating growth. We can say that because while Salesforce grew revenues 29% for the full year, it saw revenues spike 35% higher last quarter. It was on an upward trajectory until the virus hit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, however, several analysts have cut estimates for Salesforce, and other related companies such as Workday (NASDAQ:WDAY) on the expectation of a significant slowdown in revenue growth. Earnings reports from firms such as IBM (NYSE:IBM) have shown weakness in areas that could filter through to Salesforce as well. All in all, traders probably shouldn't expect a fantastic quarter, nor great guidance for the rest of the year either. But the market seems willing to discount 2020 and look to the future. Salesforce Is Still Finding New CustomersThere has been some concern about Salesforce's outlook in the near future. Surely with the economy in a slowdown, people will need less sales software, right? However, the good news is that Salesforce's core functionality can be used for other tracking and monitoring applications outside of the sales function. * 7 Dow Jones Stocks to Buy With Fortress-Like Balance Sheets For example, Salesforce has its Salesforce Cares program, specifically tailored to helping companies manage health and human resources during the Covid-19 crisis. As of April 30, more than 7,000 firms had signed up for Salesforce Cares. Clients include tele-health firms, medical clinics, apartment property managers and insurance benefits providers among others. This shows the wide range of applications that Salesforce can support beyond its traditional core capabilities. Salesforce's Valuation: Fairly PricedIf you look at Salesforce on a pure earnings basis, the stock usually tends to look expensive. Next year, for example, consensus estimates have Salesforce earning just shy of $4 per share. That would put the stock at more than 40x forward earnings. However, keep in mind that Salesforce tends to plow its earnings back into the business via marketing spend. In doing so, it gives up accounting profits now in return for far larger revenues and cash flows in the future.Thus, the most reliable way to judge Salesforce's stock is by its price-to-sales ratio. Coming out of the financial crisis, CRM stock sold for just 4x sales -- a veritable bargain. It shot up to 11x revenues in 2011-12, and became somewhat overpriced for a time.Since 2013, however, the stock has settled into a remarkably consistent range, with Salesforce almost always being worth between 7x and 9x sales. Any dips to 7x or below have been strong buying opportunities. Meanwhile, when it has gotten up above 9x -- such as late last year -- it was a good time to take some profits. The stock is now selling at 8.5x sales, which puts it within the normal range; a correction that knocked the stock down 10% from here would move it toward a compelling buying point. But the current price isn't half bad, either. The Verdict on CRM StockIn one sense, Salesforce's short-term trading fate will ride with the broader cloud and SaaS stocks. Salesforce is one of the big players in the sector, and its stock is approaching key resistance levels. Whether or not it surges to new heights next week will have as much to do with tech stock sentiment as anything else.That said, Salesforce could surprise some investors with this next earnings report. Sure, there's probably going to be a slowdown in growth from their existing customers. And margins may suffer in the short-run. Salesforce is run with long-term objectives in mind; CEO Marc Benioff promised not to lay off any significant number of workers during the acute phase of this crisis, for example, which is great for long-term loyalty but could have an effect on margins in the short-term.However, if you own Salesforce as a long-term investment, part of what you've signed up for is maximizing future value rather than shooting for immediate profits. So don't worry about this one earnings report too much. That said, it could come in with more positive news than you expect. That's especially true when you consider all that's going on with Salesforce's efforts in fostering more client relationships in telemedicine and other adjacent lines of business. Salesforce is one of the core blue chip companies within the cloud software universe. As such, CRM stock represents a decent value heading into earnings.Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. At the time of this writing, he held no positions in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Salesforce Stock Is a Promising Buy Ahead of Earnings appeared first on InvestorPlace.

  • TheStreet.com

    IBM Slashes Workforce as Pandemic Challenges Tech

    IBM is cutting jobs across its various businesses, becoming one of the first non-retail companies to slash its workforce amid covid-19.

  • IBM to cut 'thousands' of jobs amid COVID-19 crisis
    Yahoo Finance Video

    IBM to cut 'thousands' of jobs amid COVID-19 crisis

    IBM is reportedly cutting thousands for the first time under its new CEO Arvind Krishna. Yahoo Finance's Ines Ferre shares the details on The First Trade.

  • IBM confirms layoffs are happening, but won't provide details
    TechCrunch

    IBM confirms layoffs are happening, but won't provide details

    IBM confirmed reports from overnight that it is conducting layoffs, but wouldn't provide details related to location, departments or number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. Patrick Moorhead, principal analyst at Moor Insights & Strategy, says he's hearing the layoffs are hitting across the business.

  • IBM's Announces Company-Wide Job Cuts As New CEO Attempts Restructuring
    Benzinga

    IBM's Announces Company-Wide Job Cuts As New CEO Attempts Restructuring

    International Business Machines Corporation (NYSE: IBM) is retrenching an undisclosed number of employees under its new Chief Executive Arvind Krishna.Why It Matters The job cuts come amid the ongoing coronavirus pandemic, which has led to a major economic downturn.The new CEO is trying to return IBM to growth, and the restructuring effort is a step in that direction, according to the Wall Street Journal.The job cuts will affect several units at IBM, including the Global Technology Services (GTS) division, which is engaged in IT outsourcing. Last month IBM took a $900 million charge against earnings to pay for the restructuring costs linked to the division.IBM's Watson Artificial Intelligence unit, which is not performing well, may also see job losses. The unit was a priority of Krishna's predecessor Ginni Rometty. Why It Matters IBM's revenues have been declining for several years. After Krishna took over, he withdrew guidance for 2020 and called the action "a tough decision," reported the WSJ.Cuts to the workforce appear to be broad-based and spanning divisions, IBM has offered subsidized medical coverage to all laid-off employees in the United States through June 2021.Krishna said last month that IBM was ready to make acquisitions to grow in the cloud computing and artificial intelligence segments. He also indicated his willingness to divest parts of the company not aligned with the company's new focus.IBM's adjusted EPS fell 18% to $1.84. Revenue declined 3.4% over the first three months of the year to $17.6 billion.Price Action IBM shares traded 0.20% higher at $119.36 in the after-hours session on Thursday. The shares had closed the regular session 1.86% lower at $119.12.See more from Benzinga * China's Failure To Set Growth Target For 2020, Rising Geopolitical Tensions Lead To Drop In Oil Prices * Amazon Reschedules Prime Day to September As It Tries To Restore Pre-Pandemic Operations * Tesla Employees Fear Conditions At Factory, Describe It As 'Modern-Day Sweatshop'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Bloomberg

    IBM Is Latest Tech Giant to Cut Jobs in Midst of Pandemic

    (Bloomberg) -- International Business Machines Corp. cut an unspecified number of jobs across the U.S., eliminating employees in at least five states. The company declined to comment on the total number, but the workforce reductions appear far-reaching.“IBM’s work in a highly competitive marketplace requires flexibility to constantly add high-value skills to our workforce. While we always consider the current environment, IBM’s workforce decisions are in the interest of the long-term health of our business,” company spokesman Ed Barbini said Thursday in a statement. “Recognizing the unique and difficult situation this business decision may create for some of our employees, IBM is offering subsidized medical coverage to all affected U.S. employees through June 2021.”Based on a review of IBM internal communications on the Slack corporate messaging service, the number of affected employees is likely to be in the thousands, said a North Carolina-based worker who lost his job along with his entire team of 12. “This was far ranging -- and historical employment ratings, age and seniority did not seem to matter,” he said. The person asked not to be identified on concern that speaking publicly may impact his severance package.The cuts also affected employees in Pennsylvania, California, Missouri and New York, where IBM is based, according to people familiar with the matter.Another worker who lost his job said the reductions mostly focus on IBM’s North American workforce. Half of his 70-person department were cut on Thursday and told their last day with the company will be June 22. The person asked not to be identified discussing a sensitive topic. The tech industry has suffered widespread job losses after the coronavirus pandemic triggered a severe recession. Airbnb Inc. and Uber Technologies Inc. have cut about a quarter of their workforces. Earlier on Thursday, Hewlett Packard Enterprise Co. said it will eliminate some employees to save money, while Dell Technologies Inc. suspended several staff benefits. It’s unclear how many of IBM’s cuts are caused by the pandemic. The company has suffered years of falling revenue. In an earnings call in January, IBM discussed reducing costs through “aggressive structural actions” to improve the competitiveness of its Global Technology Services consulting unit, which represents about a third of revenue.In online forums Thursday, dozens of newly unemployed IBM workers, some who said they had been with the company for more than 20 years, lamented the situation and expressed fear over finding a new job in a recession. “With the Covid situation, it will be hard to find new opportunities,” one wrote.(Updates with HPE cuts in seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • MarketWatch

    Exxon Mobil, IBM share losses contribute to Dow's 75-point drop

    DOW UPDATE The Dow Jones Industrial Average is trading down Thursday afternoon with shares of Exxon Mobil and IBM seeing the biggest losses for the blue-chip average. Shares of Exxon Mobil (XOM) and IBM (IBM) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 75 points lower (-0.

  • China’s Got a New Plan to Overtake the U.S. in Tech
    Bloomberg

    China’s Got a New Plan to Overtake the U.S. in Tech

    (Bloomberg) -- Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence.In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over six years to 2025, calling on urban governments and private tech giants like Huawei Technologies Co. to lay fifth generation wireless networks, install cameras and sensors, and develop AI software that will underpin autonomous driving to automated factories and mass surveillance.The new infrastructure initiative is expected to drive mainly local giants from Alibaba and Huawei to SenseTime Group Ltd. at the expense of U.S. companies. As tech nationalism mounts, the investment drive will reduce China’s dependence on foreign technology, echoing objectives set forth previously in the Made in China 2025 program. Such initiatives have already drawn fierce criticism from the Trump administration, resulting in moves to block the rise of Chinese tech companies such as Huawei.“Nothing like this has happened before, this is China’s gambit to win the global tech race,” said Digital China Holdings Chief Operating Officer Maria Kwok, as she sat in a Hong Kong office surrounded by facial recognition cameras and sensors. “Starting this year, we are really beginning to see the money flow through.”The tech investment push is part of a fiscal package waiting to be signed off by China’s legislature, which convenes this week. The government is expected to announce infrastructure funding of as much as $563 billion this year, against the backdrop of the country’s worst economic performance since the Mao era.The nation’s biggest purveyors of cloud computing and data analysis Alibaba Group Holding Ltd. and Tencent Holdings Ltd. will be linchpins of the upcoming endeavor. China has already entrusted Huawei to galvanize 5G. Tech leaders including Pony Ma and Jack Ma are espousing the program.Maria Kwok’s company is a government-backed systems integration provider, among many that are jumping at the chance. In the southern city of Guangzhou, Digital China is bringing half a million units of project housing online, including a complex three quarters the size of Central Park. To find a home, a user just has to log on to an app, scan their face and verify their identity. Leases can be signed digitally via smartphone and the renting authority is automatically flagged if a tenant’s payment is late.China is no stranger to far-reaching plans with massive price tags that appear to achieve little. There’s no guarantee this program will deliver the economic rejuvenation its proponents promise. Unlike previous efforts to resuscitate the economy with “dumb” bridges and highways, this newly laid digital infrastructure will help national champions develop cutting-edge technologies.What BloombergNEF SaysChina’s new stimulus plan will likely lead to a consolidation of industrial internet providers, and could lead to the emergence of some larger companies able to compete with global leaders such as GE and Siemens. One bet is on industrial internet-of-things platforms as China aims to cultivate three world leading companies in this area by 2025.Nannan Kou, head of researchClick here for researchChina isn’t alone in pumping money into the tech sector as a way to get out of the post-virus economic slump. Earlier this month, South Korea said AI and wireless communications would be at the core of it its “New Deal” to create jobs and boost growth.According to the government-backed China Center for Information Industry Development, the 10 trillion yuan ($1.4 trillion) that China is estimated to spend from now until 2025 encompasses areas typically considered leading edge such as AI and IoT as well as items such as ultra-high voltage lines and high-speed rail. More than 20 of mainland China’s 31 provinces and regions have announced projects totaling over 1 trillion yuan with active participation from private capital, a state-backed newspaper reported Wednesday.Separate estimates by Morgan Stanley put new infrastructure at around $180 billion each year for the next 11 years -- or $1.98 trillion in total. Those calculations also include power and rail lines. That annual figure would be almost double the past three-year average, the investment bank said in a March report that listed key stock beneficiaries including companies such as China Tower Corp., Alibaba, GDS Holdings, Quanta Computer Inc. and Advantech Co.Beijing’s half-formed vision is already stirring a plethora of stocks, a big reason why five of China’s 10 best-performing stocks this year are tech plays like networking gear maker Dawning Information Industry Co. and Apple supplier GoerTek Inc. The bare outlines of the masterplan were enough to drive pundits toward everything from satellite operators to broadband providers.It’s unlikely that U.S companies will benefit much from the tech-led stimulus and in some cases they stand to lose existing business. Earlier this year when the country’s largest telecom carrier China Mobile awarded contracts for 37 billion yuan in 5G base stations, the lion’s share went to Huawei and other Chinese companies. Sweden’s Ericsson got only a little over 10% of the business in the first four months. In one of its projects, Digital China will help the northeastern city of Changchun swap out American cloud computing staples IBM, Oracle and EMC with home-grown technology.It’s in data centers that a considerable chunk of the new infrastructure development will take place. Over 20 provinces have launched policies to support enterprises utilizing cloud computing services, according to a March note from UBS Group AG. Tony Yu, chief executive officer of Chinese server maker H3C, that his company was seeing a significant increase in demand for data center services from some of the country’s top internet companies. “Rapid growth in up-and-coming sectors will bring a new force to China’s economy after the pandemic passes,” he told Bloomberg News.From there, more investment should flow. Bain Capital-backed data center operator Chindata Group estimated that for every one dollar spent on data centers another $5 to $10 in investment in related sectors would take place, including in networking, power grid and advanced equipment manufacturing. “A whole host of supply-chain companies will benefit,” the company said in a statement.There’s concern about whether this long-term strategy provides much in the way of stimulus now, and where the money will come from. “It’s impossible to prop up China’s economy with new infrastructure alone,” said Zhu Tian, professor of economics at China Europe International Business School in Shanghai. “If you are worried about the government’s added debt levels and their debt servicing abilities right now, of course you wouldn’t do it. But it’s a necessary thing to do at a time of crisis.”Digital China is confident that follow-up projects from its housing initiative in Guangzhou could generate 30 million yuan in revenue for the company. It’s also hoping to replicate those efforts with local governments in the northeastern province of Jilin, where it has 3.3 billion yuan worth of projects approved. These include building a so-called city brain that will for the first time connect databases including traffic, schools and civil matters such as marriage registry. “The concept of smart cities has been touted for years but now we are finally seeing the investment,” said Kwok.(Updates with more details on projects from around China in tenth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • IBM (IBM) Up 3% Since Last Earnings Report: Can It Continue?
    Zacks

    IBM (IBM) Up 3% Since Last Earnings Report: Can It Continue?

    IBM (IBM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • 2 Top Stocks Still Paying Dividends
    Motley Fool

    2 Top Stocks Still Paying Dividends

    Companies that have pulled back on dividends to preserve cash include automakers, retailers, real estate investment trusts, energy companies, and a mishmash of others. While dividend investing has become more difficult as companies reel from the pandemic, there are still some solid dividend stocks out there. Two of the best, thanks to a combination of dividend safety and exceptionally high yields, are International Business Machines (NYSE: IBM) and AT&T (NYSE: T).

  • Aspen's (AZPN) Solutions Adopted by China National BlueStar
    Zacks

    Aspen's (AZPN) Solutions Adopted by China National BlueStar

    Aspen (AZPN) is witnessing robust clout for its asset performance management solutions, which is likely to drive the top line.

  • MarketWatch

    J.P. Morgan Chase adds IBM Chairman Ginni Rometty to its board of directors

    J.P. Morgan Chase & Co. said Tuesday that it has elected Virginia "Ginni" Rometty to its board of directors, effective immediately. Rometty is currently the executive chairman of fellow Dow Jones Industrial Average components International Business Machines Corp. , and was previously also chief executive of IBM. At the same, J.P. Morgan said James Bell, who has been a director since 2011, and Laban Jackson, who has been on the board since 2010, have retired from the board. Bell was also chair of the bank's audit committee. Current board member Timothy Flynn was named chair of the audit committee. With Rometty's election,J.P. Morgan's board currently consists of three women and seven men. J.P. Morgan's stock slipped 0.1% in midday trading and IBM shares eased 0.3%, while the Dow lost 86 points, or 0.4%.

  • White House panel: Build new tech infrastructure for future jobs
    Reuters

    White House panel: Build new tech infrastructure for future jobs

    A White House advisory panel on Tuesday urged the government and private industry to work together on new technological infrastructure to support future jobs and underpin a solid economic recovery from the coronavirus pandemic. Members include Apple Inc <AAPL.O> Chief Executive Tim Cook, Lockheed Martin Corp <LMT.N> Chief Executive Marillyn Hewson and International Business Machines Corp <IBM.N> Executive Chairman Ginni Rometty.