Author: V. Alure

International Business Machines or IBM became the latest victim of the rapidly expanding AI power of Anthropic on Monday as the artificial intelligence company shared an update. IBM stock price on Monday took a hard hit and plunged to its lowest level in nearly three decades.IBM shares fell 13.2%, suffering their worst day since 2000, at $223.35 per share, after Anthropic shared an update regarding Claude Code — the same AI tool that has created a rout in IT stocks over the past few weeks,In a blog post on Monday, Anthropic said its Claude Code tool can help modernise Cobol,…

A worker unloads packages from a FedEx truck on Cyber Monday in New York, US, on Monday, Dec. 1, 2025.Bess Adler | Bloomberg | Getty ImagesFederal Express on Monday sued the U.S. government, seeking a “full refund” of the money the shipping giant paid for tariffs unilaterally imposed last year by President Donald Trump, which the Supreme Court ruled last week were illegal.FedEx’s suit appears to be the first filed by a major American company seeking a refund for tariffs after Friday’s Supreme Court decision.Other companies filed lawsuits staking claims to their refunds before the high court ruled that the…

City Chic H1 FY26 slides: profitability surges 86% on margin gains Source link #City #Chic #FY26 #slides #profitability #surges #margin #gains

A satellite image shows cars on fire along a coastal road in Puerto Vallarta, Jalisco, Mexico, Feb. 22, 2026, following the killing of drug lord Nemesio Oseguera, known as “El Mencho,” in a military operation.Vantor | Via ReutersAmerican travel companies are scrambling to reroute cruise ships and take care of tourists to Mexico after violence and chaos erupted in several coastal regions in the country following the killing of a cartel leader. The U.S. State Department broadened its warning to travelers to shelter in place across multiple regions of Mexico, including the popular tourist hot spots of Cancun, Playa del…

We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. Ambitious entrepreneurs like Elon Musk take on risk when pursuing new ventures. While the CEO of Tesla isn’t in the same position as many investors who are simply saving for their long-term goals, there are lessons investors can take away from Musk’s pursuits. Extreme risk-taking does not make sense for most everyday investors, and you don’t have to get into speculative investments or launch a startup to reach your long-term…

IBM’s stock ended Monday down 13% as Anthropic’s Claude Code threatens to dismantle a critical part of its business. Source link #IBMs #stock #heads #worst #month #years #Anthropic #partly #blame

A president who just got his tariffs swatted down by the Supreme Court is now pre-butting the next loss. On Monday, Donald Trump predicted the justices will rule against his bid to curb birthright citizenship, and he wrapped that prediction in a familiar grievance, that the Court will somehow ‘rule in favor of China.’A few quick, grounded points for readers catching this from outside the U.S. Trump’s executive order aims to deny automatic citizenship to some children born on U.S. soil when neither parent is a U.S. citizen or lawful permanent resident. The Supreme Court agreed in December to take…

Stay informed with free updatesSimply sign up to the US equities myFT Digest — delivered directly to your inbox.US software stocks were hit with a fresh burst of selling on Monday as investors fretted that AI will upend the industry, in a sell-off that cascaded to private capital groups that have lent heavily to tech companies. Wall Street’s S&P 500 index ended the session down 1 per cent. The tech-heavy Nasdaq Composite lost 1.1 per cent. Software stocks that have been hit hard in recent weeks by fears around AI disruption were among the worst performers on Monday, with Workday,…

BREAKING Cadence Design Systems, Inc. (CDNS) shares plunged 5.6% to $280.55 during today’s trading session. The sharp move in CDNS is attracting significant market attention as traders assess the catalyst behind the price action. Full analysis with detailed breakdown coming shortly on AlphaStreet. Source link #Cadence #Design #Systems #CDNS #Drops #Developing #Story

Alberto Case | Getty ImagesMore from Financial Advisor Playbook:Here’s a look at other stories affecting the financial advisor business.More than 12 million student loan borrowers are enrolled in IDR plans, according to higher education expert Mark Kantrowitz.Because that forgiven federal student debt may now be considered income by the IRS, the tax liability can be substantial. The average loan balance for borrowers enrolled in an IDR plan is around $57,000, said Kantrowitz. For those in the 22% tax bracket, having that amount forgiven would trigger a tax burden of more than $12,000, Kantrowitz estimated. Lower earners, or those in the…