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Why ServiceNow’s stock is sliding in the wake of earnings

What HappenedInvestors may be taking issue with various elements of the software company’s margin forecast.Why It MattersThis development may influence…

Technology

IBM’s stock falls as software revenue underwhelms

What HappenedInvestors have been concerned about AI’s impact on IBM’s software and consulting businesses.Why It MattersThis development may influence policy,…

Technology

US Navy secretary fired amid Iran blockade

What HappenedJohn Phelan ousted after clashing with defence secretary Pete HegsethWhy It MattersThis development may influence policy, markets, and public…

Technology

Lululemon is getting a Nike veteran as its new CEO. An analyst says that could be a problem.

What HappenedYoga-wear maker Lululemon on Wednesday said its board had approved Nike veteran Heidi O’Neill as its new CEO.Why It…

Technology

CSX says more businesses are shipping via rail to avoid surging fuel costs

What HappenedShares of CSX jumped after hours on Wednesday after the railroad giant raised its sales outlook for the year,…