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IBM Hit Hard by AI Spending Trends, Bank Earnings Fueled by Record Trading Hauls
Published 4 weeks ago
Description
Market update for Tuesday July 14th
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In today’s episode, Zaid covers:
Inflation finally cools off but that might be temporary
Five megabanks reported earnings this morning, and Wall Street's trading desks are printing money
IBM suffering one of its worst stock drops in decades after a disappointing sales warning
Memory and storage stocks rallying as companies prioritize AI hardware spending
Chipotle is opening its first restaurant in... Mexico. Will Mexicans buy American-made Mexican food?