Company Spotlight

Shares of International Business Machines suffered their steepest daily decline in more than 25 years on Monday, after comments from AI startup Anthropic reignited investor anxiety about the future of legacy software businesses. IBM stock sank 13.2%, marking its biggest one-day drop since October 18, 2000, and wiping tens of billions of dollars off the… Continue reading IBM falls most in 25 years on AI threat fears: Analysts say it’s a buy

The White House has introduced a new Tech Corps within the Peace Corps as President Trump moves to strengthen American influence in global artificial intelligence markets. The initiative links US technology exports with one of Washington’s most established soft power institutions. It comes as competition with China over advanced technologies intensifies, particularly in developing economies… Continue reading Trump unveils Tech Corps to drive US AI dominance overseas

“Mark my words: in 36 months, probably closer to 30 months, the most economically compelling place to put AI will be space.” Elon Musk said that on a podcast last week. He meant it literally. His $1.25 trillion plan to fold xAI into SpaceX rests on a single audacious claim: that fleets of solar-powered satellites,… Continue reading AI moves to space in 30 months, claims Musk, but what does physics say?

For over a year, Big Tech quietly absorbed one of the most disruptive cost pressures in recent memory: import tariffs that snaked through every layer of its supply chain. On Friday, the US Supreme Court pulled the plug. In a 6-3 ruling, Chief Justice John Roberts declared that President Trump’s sweeping tariffs, imposed using emergency… Continue reading Trump’s tariffs are gone: is a tech-led breakout now in play?

Intuit stock price remains in a freefall this month and is now hovering at its lowest level since March 2023. INTU was trading at $380, down by over 52% from its highest point in July last year. This retreat has pushed its market capitalization from over $224 billion to $109 billion. So, will the stock… Continue reading Intuit stock crash raises stakes ahead of earnings report

A technical error uncovered a large network of companies allegedly involved in moving Russian oil while avoiding sanctions, according to a Financial Times investigation. The discovery centres on a private email server, mx.phoenixtrading.ltd, used by hundreds of domains linked to oil trading entities. Investigators traced connections between domain registrations, customs filings, and shipping records, revealing… Continue reading Russian oil smuggling network exposed by email server leak: report

BT Group (LON: BT.A) is in focus today after announcing plans of lowering its headcount by more than 40% by the end of this decade. BT to cut about 55,000 jobs in total On Thursday, the British multinational said it will trim roughly 55,000 jobs in total over the next five to seven years. Nearly… Continue reading British telecom giant BT Group to cut over 40% of its workforce

Affirm (NASDAQ: AFRM) stock price has crawled back in the past few days after the company published its financial results earlier this month. AFRM shares jumped to a high of $13.40 on Wednesday, the highest point in more than two months. It has jumped by over 50% from the lowest level this year. Affirm growth… Continue reading Affirm stock price has 2 key risks: here’ why I’m buying anyway

Brad Garlinghouse, the CEO of blockchain company Ripple, says that the US has made crypto regulations “as confusing as possible.” In crypto news this morning, the Ripple exec’s belief is that the confusion arising from regulatory confusion is pushing more crypto companies to leave the US. The Ripple exec made the comments during an interview… Continue reading US has made crypto rules ‘as confusing as possible,’ Ripple CEO says