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Fed Holds Rates: Dow closes 383 pts higher, S&P 500 climbs to 5,675

Fed Holds Rates: Dow closes 383 pts higher, S&P 500 climbs to...

Thu, Mar 20, 2025

US Stock Market Update, Fed Rate Decision March 19: US equity benchmarks Dow Jones Industrial Average (DJIA), S&P 500 and Nasdaq Composite finished a positive session stronger after the Fed left key US interest rates unchanged along expected lines while hinting at reducing borrowing costs by 50 bps by the end of 2025. Read on to learn more about the US share market during the March 19 session on Wall Street.

With Fed rate suspense out of way, Dow jumps nearly 600 pts, Nasdaq comes within 100 pts of 18,000

With Fed rate suspense out of way, Dow jumps nearly 600 pts, Nasd...

Thu, Mar 20, 2025

US Stock Market Update, Fed Rate Decision March 19: The Dow Jones Industrial Average jumped almost 600 points while the US tech stocks-heavy Nasdaq Composite came within 100 points of the psychologically important 18,000 mark, after the Fed maintained a status quo on key American interest rates as widely expected. Read on to learn more about the US share market during the March 19 session on Wall Street.

Fed Rate Decision Due Today: Dow jumps over 350 pts, Nasdaq crosses 17,700 led by tech stocks—Tesla jumps to $237

Fed Rate Decision Due Today: Dow jumps over 350 pts, Nasdaq cross...

Wed, Mar 19, 2025

US Stock Market Update, Fed Rate Decision March 19: The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite gauges—the three main American equity benchmarks—registered sharp gains on Wednesday as investors awaited the outcome of a scheduled, two-day policy review due later in the day. The Fed is widely expected to keep the key US interest rates on hold. Read on to learn more about the US share market and key things to track in the coming FOMC statement.

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US Stock Market Today: Dow Jones crashes over 400 pts, Nasdaq below 17,450—NVIDIA, IBM drop 2%

US Stock Market Today: Dow Jones crashes over 400 pts, Nasdaq bel...

Wed, Mar 19, 2025

US Stock Market on March 18: The Dow Jones Industrial Average, one of the two main US blue-chip gauges, fell more than 400 points in intraday trade on Tuesday. The technology stocks-heavy Nasdaq Composite tumbled below the 17,450 mark. All eyes were on the outcome of a key Fed meeting due this week for cues. Read on to learn about the market action during the session.

L&T Semiconductor Tech collaborates with IBM

L&T Semiconductor Tech collaborates with IBM

Tue, Sep 10, 2024

The alliance anticipates work on innovation, functionality, and performance to enable reliable, secure and scalable computing for a range of applications.

Gujarat government signs MoUs with IBM, Microsoft for enhancing AI capabilities

Gujarat government signs MoUs with IBM, Microsoft for enhancing A...

Sat, Jun 29, 2024

The MoUs were signed in the presence of Chief Minister Bhupendra Patel, a government release said. IBM and the Department of Science and Technology, Government of Gujarat, entered into an MoU to establish and promote an “AI Cluster”.

McDonald's is ending its test run of AI-powered drive-thrus with IBM

McDonald's is ending its test run of AI-powered drive-thrus...

Wed, Jun 19, 2024

McDonald's confirmed Monday that it decided to end a global partnership with IBM, which has been testing this artificial intelligence technology at select McDonald's drive-thrus since 2021.

Tech Mahindra, IBM collaborate to accelerate adoption of GenAI

Tech Mahindra, IBM collaborate to accelerate adoption of GenAI

Thu, May 16, 2024

Tech Mahindra said it has collaborated with IBM to assist businesses worldwide in responsibly accelerating the adoption of generative AI

IBM expands software availability to 92 countries in AWS Marketplace, including India

IBM expands software availability to 92 countries in AWS Marketpl...

Sat, May 04, 2024

The move by IBM comes as cloud marketplaces continue to emerge as the fastest-growing route to market for Software-as-a-Service (SaaS) software.

IBM acquires cloud software provider HashiCorp for $6.4 billion

IBM acquires cloud software provider HashiCorp for $6.4 billion

Thu, Apr 25, 2024

HashiCorp's capabilities will drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting, the company said in a statement.

Wipro slips despite tech giant inking deals with IBM and Intel Foundry

Wipro slips despite tech giant inking deals with IBM and Intel Fo...

Wed, Feb 21, 2024

Wipro on Wednesday announced an expanded collaboration with Intel Foundry to accelerate chip design innovation. Wipro on Tuesday announced the launch of Wipro Enterprise Artificial Intelligence (AI)-Ready Platform, a new service that will allow clients to create their enterprise-level, fully integrated and customised AI environments.

IBM to buy Software AG's enterprise integration platforms for $2.3 billion

IBM to buy Software AG's enterprise integration platforms fo...

Mon, Dec 18, 2023

Silver Lake simultaneously announced its delisting offer for Software AG at 32 euros ($34.96) per share, the expected next step following its takeover this year.

IBM, Meta launch AI alliance to build open, responsible AI

IBM, Meta launch AI alliance to build open, responsible AI

Tue, Dec 05, 2023

The AI Alliance is focused on fostering an open community and enabling developers and researchers to accelerate responsible innovation in AI while ensuring scientific rigour, trust, safety, security, diversity and economic competitiveness.

IBM inks 3 pacts with IT Ministry on semiconductor, AI, quantum computing

IBM inks 3 pacts with IT Ministry on semiconductor, AI, quantum c...

Wed, Oct 18, 2023

The move assumes significance as India is taking decisive steps to position itself in cutting-edge new technologies.

No slowdown in tech spends in India; confident of data privacy law confusions getting clarified: IBM

No slowdown in tech spends in India; confident of data privacy la...

Tue, Sep 12, 2023

It can be noted that a slew of domestic IT majors, which depend on technology spends in advance economies for their revenues, have reported headwinds because of factors like geopolitical tensions, commodity price hikes, inflationary pressures and interest rates hardening.

AI will help companies, economies grow faster: IBM CEO Arvind Krishna

AI will help companies, economies grow faster: IBM CEO Arvind Kri...

Fri, Aug 25, 2023

Speaking at the 'B20 Summit India 2023', which is G20's official dialogue forum with the global business community, Krishna said that AI can take on certain mundane tasks.

IBM misses second-quarter revenue estimates as tech spending cools

IBM misses second-quarter revenue estimates as tech spending cool...

Thu, Jul 20, 2023

IBM has joined tech firms in boosting its artificial intelligence offerings, launching a platform, Watson, in May to help companies integrate generative AI into their products and services after chatbot ChatGPT's stellar success.

IBM to invest $100 mn to build a 100,000-qubit supercomputer by 2033

IBM to invest $100 mn to build a 100,000-qubit supercomputer by 2...

Mon, May 22, 2023

One is the new 133-qubit `IBM Heron` processor, a complete redesign of IBM`s previous generations of quantum processors, with a new two-qubit gate to allow higher performance.

IBM's Red Hat to lay off about 760 employees globally

IBM's Red Hat to lay off about 760 employees globally

Tue, Apr 25, 2023

According to The Herald Sun, Red Hat CEO Matt Hicks called the job cuts "a decision our leadership team was truly hoping we could avoid".

IBM Quantum Networks onboards first Indian startup BosonQ PSI

IBM Quantum Networks onboards first Indian startup BosonQ PSI

Thu, Mar 23, 2023

IBM opened access to its quantum computing resources to universities in India. Later in 2022, it onboarded IIT Madras -- the first Indian university as an IBM quantum network member.

IBM Layoffs 2023: American technology giant to cut 3,900 jobs

IBM Layoffs 2023: American technology giant to cut 3,900 jobs

Thu, Jan 26, 2023

IBM Layoffs 2023 News: International Business Machines (IBM) has joined the wave of companies conducting layoffs, news agency ANI reported quoting a Wall Street Journal report.

Power Breakfast: Slight Relief For US Markets In The Mid Of Extreme Volatility, All Eyes On IBM & Tesla Results Today

Power Breakfast: Slight Relief For US Markets In The Mid Of Extre...

Wed, Oct 19, 2022

US markets closed with gains for the second consecutive day due to strong results. Dow Jones closed up 350 points, S&P 500 and Nasdaq closed up 1%. Shares of Goldman Sachs jumped 2%. Netflix got great results after the market was closed. Netflix jumped 14% in post market trading. Today the results of IBM and Tesla will be seen. Crude oil recovered after yesterday's fall. Brent reached at $90 and WTI crossed $83.

CES 2022: Mercedes, BMW, IBM, Panasonic to skip in-person events as Omicron Covid-19 variant continue to surge

CES 2022: Mercedes, BMW, IBM, Panasonic to skip in-person events...

Fri, Dec 31, 2021

BMW, IBM, Panasonic, and Mercedes have joined the growing list of tech companies who have decided not to attend the `CES 2022` in-person in Las Vegas, as cases of the Omicron Covid-19 variant have continued to surge.

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