AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market value. The decades-old language, still powering critical systems, faces a ...

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

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Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.

While Anthropic’s Claude Code grabbed headlines, IBM has been deploying its own generative AI solution, Watsonx Code Assistant for Z, designed to modernize the very mainframes it built. Unlike general ...

President Trump says tariffs have strengthened the economy, but GDP growth was actually below average during the first nine months of 2025. The S&P 500's forward price-to-earnings ratio is above 22, ...

Intapp, Inc. (Nasdaq: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that its Board of Directors authorized a ...

Stocks edged lower as investors considered surprisingly strong labor-market data, while AI jitters continued to pressure software and financial shares. Major U.S. benchmarks were mixed most of the day ...

Kratos will participate in the Department of Defense Drone Dominance Program. 25 defense companies will compete for up to $1.1 billion in defense contracts. Kratos announced this morning that the U.S.

Sandisk blew away second-quarter earnings expectations and delivered strong third-quarter revenue guidance. The flash storage memory company reported 64% growth in its data center business. AI data ...

IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...