In Today’s News

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IBM results beat estimates on AI mainframe refresh, consulting revival
Clients have focused on investing in AI infrastructure expansion as macroeconomic uncertainty and ongoing trade negotiations prompt businesses to prioritize spending on the booming technology. Shares of the company fell 4% in extended trading, after a nearly 30% rise this year. “All of us are still operating …. Read More >>

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China, Russia, and ten other countries are on track to reduce reliance on the U.S. dollar by 2025, indicating a significant global transition. The Wall Street Journal highlights that the dollar is experiencing “structural vulnerabilities” and is facing its most challenging year since 2008. In the meantime, leading financial institutions like Goldman Sachs and JPMorgan are cautioning about a potential U.S. recession. For American savers, this could pose considerable risks. However, there’s still an opportunity to act. Historically, gold has exceeded the performance of the S&P 500 during the last three economic downturns. Claim your Complimentary 2025 Gold Guide today and learn how to safeguard your 401(k) or IRA—tax-free and penalty-free.

BP’s Castrol unit gets One Rock Capital Partners’ bid, Bloomberg News reports
One Rock declined to comment, while BP did not immediately respond to a Reuters’ request for comment outside regular business hours.The private equity firm is bidding for the entire asset, the report said, adding that Canada Pension Plan Investment Board, another interested party, is only interested in taking …. Read More >>

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T-Mobile raises forecast for annual subscriber additions
Shares of the Bellevue, Washington-based company rose 6% in extended trading.The carrier now expects to add between 6.1 million and 6.4 million subscribers in 2025, compared with its prior projection of 5.5 million to 6 million additions.Telecom operators in the U.S. have boosted their plans with attractive t …. Read More >>

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Apple beats US appeal claiming it shortchanged customers on iCloud storage
(Reuters) -A U.S. federal appeals court on Wednesday rejected claims by Apple customers that the iPhone maker gave them less iCloud data storage than they paid for when upgrading.In a 3-0 decision, the 9th U.S. Circuit Court of Appeals in San Francisco said reasonable consumers in the proposed class action wo …. Read More >>

Oil Jumps 8.5% on Middle East Crisis [sponsor]
Oil surged 8.5% to $74/barrel after Israel’s Iran strike – biggest jump since 2022. Experts predict $100 oil if conflict spreads. Don’t chase volatile oil stocks. See Marc’s safer alternative here

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IBM results beat estimates on AI mainframe refresh, consulting revival

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