IBM Stock Tanks as Anthropic's Claude AI Targets COBOL Empire
IBM shares dropped 10% after Anthropic's Claude AI unveiled powerful COBOL modernization tools, shaking up the old programming language market that IBM relies on heavily.
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The 2028 Intelligence Crisis: Why AI Success Could Be the Market’s Nightmare
A viral research report paints a scary AI future with high unemployment and crashing markets despite productivity gains. Software and payments stocks tank as investors react to the "what if AI success is bad?" scenario.
Nio Smashes Records: 1 Million Battery Swaps in Under a Week During Chinese New Year Rush
Nio smashed records by delivering 1 million battery swaps in under a week in China during the 2026 Lunar New Year travel rush, with daily highs topping 177,000 – proving battery swapping is booming for EVs.
Citigroup Sells Another 24% of Banamex to Heavyweight Investors
Citigroup is close to selling another 24% of its Mexican retail bank Banamex to investors like Blackstone and Televisa leaders, as billionaire Fernando Chico Pardo leads the business. This helps Citi exit retail banking in Mexico.
PayPal Faces Buyout Buzz After Big Stock Drop
PayPal is drawing interest from buyers following a sharp fall in its share price. New CEO starts soon amid competition challenges.
AST SpaceMobile Wins $30M U.S. Defense Contract for Space-Based Tactical Comms
AST SpaceMobile secures a $30 million deal with the U.S. Space Development Agency to demo fast, direct satellite connections for military devices using its BlueBird satellites.