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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Cognizant Upgraded as Analyst Sees Strong Growth Ahead
William Blair upgrades Cognizant to Outperform, citing stronger bookings, a solid deal pipeline, and rising momentum in financial services and health sciences.
Major Overhaul Planned for H-1B Visas, Including a $100,000 Fee
President Trump is moving to dramatically change the H-1B visa program with a new, massive application fee and revised wage rules. These changes are aimed at curbing visa overuse and protecting American jobs.