The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
IBM, the world's largest technology-services company, reported third-quarter earnings that beat Wall Street estimates but it missed revenue expectations.
After the earnings announcement, the company's shares fell sharply. What is IBM stock doing now? (Click here for the latest after-hours quote.)
Net income rose 6 percent to $4 billion, or $3.68 a share, from $3.82 billion, or $3.33 a share, in the year-earlier period.
Excluding items such as retirement costs, earnings increased to $3.99 a share from $3.62 a share a year ago.
Revenue fell 4 percent to $23.72 billion from $24.75 billion a year ago.
Analysts had expected the company to report earnings excluding items of $3.96 a share on $24.75 billion in revenue, according to a consensus estimate from Thomson Reuters.
The company said its software revenue came in at $5.8 billion, shy of the $6 billion level analyst were expecting.
Edward Jones analyst Josh Olson said it was a disappointing quarter from a revenue standpoint.
"I think that the hardware business is going to be something they need to work through and growth markets are down much more than expected," he said.
IBM Chief Executive Virginia Rometty said in a statement the company "continued to expand operating margins and increased earnings per share, but fell short on revenue" and vowed to work to improve those parts of the hardware division and in emerging markets that were lagging.
Half the decline in emerging markets was in China, the company said.
Olson added that the services backlog was healthy, but "we are not seeing the conversion of that backlog into meaningful revenue."
IBM reiterated its full year 2013 outlook of non-GAAP earnings of at least $16.25 per share; analysts currently expect $16.89 a share.
— Reuters contributed to this article.