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IBM shares plunged more than 20% in premarket trading on Tuesday, Jul. 14, after the company warned that second-quarter revenue of $17.2 billion will miss Wall Street estimates. IBM expects second-quarter revenue of $17.2 billion and adjusted earnings of $2.93 per share, both below analyst forecasts

Stock futures traded mixed early Tuesday after Brent crude's 9.6% surge on a renewed U.S. blockade of Iranian shipping rattled Wall Street ahead of bank earnings and inflation data. Key Points: Brent crude jumped 9.6% Monday, its biggest one-day gain since May 2020, after Washington reinstated its b

OpenAI is hiring an investment-banking expert to help train its AI systems for Wall Street work, a move aimed at finance clients. Key Points: OpenAI is recruiting a banking specialist for its Applied AI team in San Francisco. The role pays $185,000 to $205,000 in base salary, with equity on top. The

Wall Street will operate entirely on blockchain rails by 2030, according to the founder of a Barcelona-based tokenization firm who says the technology is quietly absorbing into everyday finance. Key Points: Brickken's Edwin Mata expects blockchain to underpin all of Wall Street within four years. He

Wells Fargo Advisors names electric utilities as the chief beneficiary of AI and data center spending now driving stock market performance, pointing to dividend yields near 3%. Key Points: Wells Fargo Advisors ties recent stock market strength to spending on AI and data centers. The firm calls elect