President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
As IBM gets set to report second quarter earnings after the bell today, investors may be losing patience.
Analysts expect Big Blue to report its 21st straight quarter of declining revenue growth as its big investments in new technologies — like cloud computing and artificial intelligence — continue to be outweighed by its slowing legacy businesses.
And while tech has been one of the best performing sectors this year, IBM has fallen nearly 8 percent.
Pressure is mounting on CEO Ginni Rometty. She's in year six of her turnaround plan and analysts say the cornerstone of her tenure — Watson AI — has yet to improve IBM's bottom line. Rometty has said that Watson is a "silver thread that runs through a lot of things" at the company.
But IBM doesn't break out numbers for Watson, so it's difficult to test her assertion. A recent report from Jefferies puts the low end of Watson and associated revenue at 3 percent of projected 2019 earnings. Even In its bull case, Jefferies puts it at a mere 5 percent. Barclays thinks it's time to cut its full-year outlook as the "narrative becomes tedious" and notes the company has shown "a lot of investments in next-gen tech but ... little revenue impact."
Other analysts, though, say the turnaround is going to require more patience. Brian White at Drexel Hamilton says, "the cognitive world hasn't taken off yet." He said the use cases for Watson are still relatively small, and in a few years "we should hear more about it." White also points to what IBM calls "strategic imperatives" (its next gen tech) which grew 13 percent in the previous quarter and made up 40 percent of total revenue in 2016.
But patience is already running thin among some investors. If IBM notches another quarter of declining revenue, it may test it further.