IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers. The company also missed profit and revenue expectations for the second quarter ended June 30. Executives sought to reassure shareholders…
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Imagine making nearly $100 billion extra and dedicating exactly one vague sentence to it. That’s just what Google parent Alphabet did in its second quarter earnings report. The tech giant reported that its “other income” totaled $98 billion in the second quarter, noting it came from unrealized gains on its investments. Analysts didn’t ask Alphabet…
CMHC now expects home sales, prices and housing starts to fall in 2026 as economic uncertainty, high borrowing costs and slower population growth keep buyers sidelined.
There were 227 transactions totaling $385 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, July 21. 🏆Commercial: Aston of Bowry LLC bought the apartment building at 312 Bowery in NoHo for $16.7 million, representing the priciest commercial sale to hit records. Bremen House Inc. was the seller….
India’s current capital expenditure boom is broader and more resilient than the previous cycle, with growth spread across defence, power transmission, renewable energy, data centres, electronics manufacturing and urban infrastructure, according to TCG AMC. Shahzad Madon, its MD and CEO, says these themes have distinct earnings cycles, reducing the market’s dependence on any single sector…
Google’s latest earnings call offered a familiar message: AI is driving growth, and it’s also getting more expensive. On Wednesday, Alphabet reported second-quarter revenue of $119.8 billion, up 24% from a year earlier, while Google Cloud posted another blockbuster quarter as enterprises raced to adopt AI. At the same time, executives made it clear the…
A joint venture between Centerbridge Partners and Henderson Group has landed a $208.5 million debt package to recapitalize 40 industrial assets in Pennsylvania and South Florida, Commercial Observer has learned. J.P. Morgan Chase supplied the five-year, floating-rate loan on the sponsorship’s logistics portfolio comprising 2.3 million square feet and featuring a mix of last-mile warehouses,…
Filing for bankruptcy is usually the last resort for someone to get relief from financial difficulties. If you are dealing with excessive debt, you might be considering this solution. Every situation is different. It may be best for you to file chapter 7 or chapter 13 to relieve your financial hardship. However, there are other…
The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.14%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.54%. September E-mini S&P futures (ESU26) fell -0.07%, and September E-mini Nasdaq futures (NQU26) fell -0.48%. Stock indexes fell on Wednesday as soaring crude prices pushed bond yields higher,…