IBM shares plunge 25% as customers shift spending to AI
Chief executive Arvind Krishna says company ‘faltered’ as clients raced to buy servers and storage
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Oil touches $87 as battle for Strait of Hormuz alarms energy markets
Brent crude climbs after US responds to Iranian attacks on tankers with fresh round of strikes
IBM shares set to plunge 23% as customers shift spending to AI
Chief executive Arvind Krishna says large deals slipped as clients redirected money into chips, servers and memory
UK borrowing costs hit highest level since May as oil surges
Ten-year yield climbs above 5% just days before Andy Burnham set to become prime minister
Consumer prices rose 3.5% annually in June, less than expected as energy prices eased
The consumer price index in June was expected to increase 3.8% from a year ago.
The payments darling in Trump’s crosshairs
US tariff threats against Brazil over payments platform Pix provoke a political storm ahead of elections