Lloyds Banking Group will cut an additional £2 billion in costs over four years starting January 2027, deploying artificial intelligence and new technology as part of a broader £13 billion investment …
Microsoft reported strong quarterly growth with revenue up 18% to $90bn and profits rising 31% to $35.8bn, driven by AI demand and Azure revenue growth of 43%, while Meta posted record revenue of $60.…
China's CXMT triggered a global selloff in semiconductor stocks after debuting on the stock market with a nearly 500% surge, with ASML falling 5.80%, SK Hynix losing 14.65%, and Samsung declining 13.3…
IBM shares plunged more than 25% on Tuesday after the company reported preliminary second-quarter revenue of $17.2bn, up just 1% year-over-year and below analyst estimates of $17.86bn, as corporate cu…
IBM shares plunged 25% on Tuesday, erasing nearly $70 billion in market value, after CEO Arvind Krishna admitted the company had "faltered" on artificial intelligence and warned that clients shifted s…
IBM shares plunged more than 20% on Tuesday, wiping over $50bn from its market value in the biggest one-day selloff since the 1987 crash, after the tech giant warned customers were diverting spending …