Asia markets are mostly higher on Friday following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports. Japan's core inflation rate, a key indicator of national trends,
IBM surpassed analysts' estimates for fourth-quarter profit on Wednesday, driven by demand in its high-margin software unit as businesses ramped up IT spending, sending its shares soaring about 10 per cent in extended trading.
Wall Street futures pointed moderately higher pre-bell Thursday as traders assessed tech issues and the earnings season, and weighed the Federal Reserve's Wednesday interest-rate pause. IBM (IBM) traded up 8% pre-bell after the IT giant reported better-than-expected quarterly results,
Many of the region’s biggest equity markets — including those in Hong Kong, mainland China and South Korea — are closed for the Lunar New Year holiday.
Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P
IBM has promoted Billy Apoleska to the role of market leader ecosystem, replacing Elisa Kelsall, former general manager of ecosystems and alliances. Kelsall left IBM in early January to join Swedish audio streaming company Spotify as head of ad sales for Japan and Asia Pacific.
International Business Machines Corp. gained in early trading after projecting strong revenue growth in the new fiscal year and a jump in AI-related bookings.
IBM shares jumped 13% to lead S&P 500 gainers Thursday, a day after the company posted fourth-quarter results that topped analysts' estimates as its artificial intelligence (AI)-enabled business surged.
After ending the previous session mostly lower, stocks are likely to move back to the upside in early trading on Thursday. The major
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Investment firm Carlyle said on Monday it had appointed Citi executive Brad McCarthy as the new managing director and Asia Pacific chief of its global wealth division.