WS #12046
IBM plunges 24% after preliminary Q2 revenue miss as customers shift spending to AI hardware; drags down software/IT services. US CPI fell 0.4% MoM in June, first decline since 2020, core flat; reduces Fed rate hike pressure. Uber in advanced talks to acquire Delivery Hero, per Bloomberg.
IBM earnings miss
IBM plunges 24% after preliminary Q2 revenue miss as customers shift spending to AI hardware; drags down software/IT services.
US CPI fell 0.4% MoM in June, first decline since 2020, core flat; reduces Fed rate hike pressure.
Uber in advanced talks to acquire Delivery Hero, per Bloomberg.