Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
See which stocks are posting big moves after the bell on Monday, May 20.Market Insiderread more
Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Iran has quadrupled its output of nuclear material amid rising tension with the U.S. and dangerous escalations in the Middle East.Energyread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
"Unlike Bernie Sanders or Elizabeth Warren or Kamala Harris, Biden's against 'Medicare for All,'" the "Mad Money" host says.Mad Money with Jim Cramerread more
"As long as President [Donald] Trump believes that the Chinese are the ones who pay the price, he's going to keep taking a hard-line approach to these negotiations," Cramer...Mad Money with Jim Cramerread more
Sens. Mitch McConnell and Tim Kaine introduced a bill Monday that would raise the minimum age to buy tobacco to 21 in hopes of curbing what regulators are calling an...Health and Scienceread more
More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.Marketsread more
Despite posting 21 quarters of year-over-year revenue declines, IBM is always looking for "profit pools" in enterprise technology, Martin Schroeter, IBM's senior vice president and chief financial officer, told CNBC's " " on Tuesday.
Big Blue reported earnings after the bell, posting mixed second quarter results, as earnings per share exceeded expectations but revenues fell short.
"It's easy to get revenue in an enterprise space," Schroeter said. "It's finding the profit that we're focused on."
The iconic technology company has struggled over the past five years to grow revenues as it transitions from traditional business tools, like mainframes, to new fields like artificial intelligence, cybersecurity and cloud.
IBM did see a big 15 percent jump in cloud revenue in the second quarter, hitting $3.9 billion in sales. Schroeter said that IBM thinks it's still "kind of early" in the transition to cloud computing.
"Another good quarter for us in cloud, I think," Schroeter said. "The reason [customers] move to the cloud is that they are really looking for our expertise .... They need to know that their data is going to be not only secure, but that the insights and their AI models — they need to know that that's going to be theirs."
IBM has at least one cheerleader — famous investor Warren Buffett, who has praised IBM's cognitive intelligence, Watson, as a valuable experiment. But some, like Social Capital CEO Chamath Palihapitiya, have deemed the technology a "joke."
Schroeter said that if Palihapitiya was truly dismissive of Watson, he wouldn't bring it up to begin with. Schroeter also noted that many of Watson's biggest markets are overseas.
"He's a competitor, so who wouldn't be out disparaging competitors," said Schroeter. "Watson's seen and helped 40,000 patients and doctors work together. I don't think 40,000 patients and doctors, and that relationship, I'd classify as a joke."