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IBM Shares Slide More Than 3% As Investors Weigh Mainframe Slowdown Against AI Deals

IBM shares fell 3.2% amid pressure on infrastructure and mainframe operations, despite resilient software growth, strong cash flow and ongoing investment in AI and quantum computing.

AMD Shares Jump More Than 4% as Chip Stocks Rebound After Week of AI Spending Jitters
Cipher Digital Shares Surge 11.25% as Its Google-Backed Barber Lake AI Data Center Nears Launch This Month

Riot Platforms Shares Climb 3.81% As Its $9.1 Billion Anthropic Data Center Deal Keeps Steadily Paying Off
Riot Platforms shares gained as investors continued backing its shift into AI data centres, following a long-term Anthropic capacity agreement worth an estimated $9.1 billion.
Salesforce Shares Barely Budge As Investors Shrug Off Its Own Global Outage During Dreamforce Conference
Salesforce shares traded nearly flat after a global outage disrupted hundreds of customer instances during Dreamforce, as investors appeared to treat the technical failure as temporary.
Cipher Digital Shares Surge 11.25% As Its Google-Backed Barber Lake AI Data Center Nears Launch This Month
Cipher Digital shares rose 11.25% as investors focused on its transition from bitcoin mining to AI data centres, a growing hyperscale backlog and upcoming facility launches.
Is GameStop Still Chasing EBay? Inside Ryan Cohen's Wavering $56 Billion Takeover Saga Late This Fall
GameStop's pursuit of eBay remains unresolved, with reports suggesting Ryan Cohen may favour a partnership over the proposed $56bn takeover while retaining a substantial stake in the company.

South Australian Filmmakers Offered Free Passes To Nation's Top Cinema Industry Convention On Gold Coast

The South Australian Film Corporation is offering four subsidised passes worth $1,440 each to eligible local filmmakers attending the Australian International Movie Convention on the Gold Coast.

Uber CEO Says 3,300 Layoffs Will Fund Cheaper Rides, But Similar Past Corporate Promises Have Fallen Flat

Uber CEO Dara Khosrowshahi says savings from 3,300 corporate layoffs will help reduce fares, but the company has provided no targets or timeline for lower prices.

Economy in Focus

Amazon Shares Slip Toward $252 As Sterling Bonds And Heavy AI Capex Test Investor Patience
Amazon's stock dips as it navigates a sterling bond sale, legal challenges, and increased capital spending driven by AI and AWS expansion, raising questions about future financial returns.
(VIDEO) 5 Things To Watch For As New CEO John Ternus Unveils Apple's Foldable IPhone Today In Cupertino Live
Nasdaq Slips As Oil Hits $100 On Iran Strikes, Apple's Ternus-Led Event Looms Wednesday In New York Trading

More News

Fewer Students Back Campus Violence After Kirk Killing, But Nearly One In Three Still Say It's OK
A recent survey by the Foundation for Individual Rights and Expression reveals a decline in student support for using violence to stop campus speech, though challenges in free expression persist.
Study Ties Weight Regain After Diet Pills To Higher Suicide-Thought Odds; Experts Caution On Cause
A South Korean study suggests a link between prescription weight-loss drugs and increased suicidal thoughts, especially in those who regain weight, highlighting the complex psychological effects of weight management.

Global Tech Stocks Tumble As AI Leaders' Slowdown Warnings Spook Investors From Tokyo To Wall Street

Technology stocks fell across global markets after leading AI executives backed a slower development pace, raising safety concerns and prompting investors to reassess lofty valuations.

World

Savannah Guthrie Thanks Allison Janney for Emmys Tribute as Nancy Guthrie Case Reaches Its Milestone Day 227

Savannah Guthrie thanked Allison Janney for highlighting the search for her missing mother, Nancy, as investigators continued pursuing leads more than seven months after her disappearance in Tucson.