Economy

Anthropic's Claude can now automate COBOL modernization, sending IBM plunging 11%. Crypto and software sectors tumble as AI threatens another business model. What legacy systems are next?

Ukraine's president urges Trump to see through Russia's manipulation tactics as the war enters a critical phase with global economic implications.

Japanese electronics giant Panasonic transfers North American and European TV sales to Chinese manufacturer Skyworth. What this means for the global electronics landscape.

C.H. Robinson CEO predicts AI will drive major consolidation in freight brokerage, threatening thousands of smaller firms while reshaping logistics costs

CrowdStrike and Palo Alto Networks plummet after Anthropic's Claude Code launch, but experts argue the AI disruption fears are overblown in cybersecurity.

IBM stock plunged 11% after Anthropic's Claude AI announced COBOL modernization capabilities, threatening decades-old systems that power 95% of US ATM transactions and critical financial infrastructure.

Donald Trump labels news outlets 'press freedom predators,' creating a new form of cancel culture that's already moving markets and reshaping media economics.

A shell company's massive bitcoin ETF investment reveals how Chinese money may be fleeing through Hong Kong to US markets, challenging capital controls.

Amazon invests $12 billion in Louisiana AI data centers as tech giants pour $700 billion into infrastructure. But who really wins in this rural AI gold rush?

Following the Supreme Court's ruling against Trump tariffs, up to $175 billion in collected duties could be refunded to importers, but the process remains unclear.

Helium flow issues force NASA to postpone Artemis II launch again, potentially pushing America's return to the moon back to April 2026. What's really behind these recurring technical problems?

Mixue, a Chinese ice cream and tea chain, has quietly become the world's largest food service company with over 45,000 stores. Now it's bringing its sub-$5 pricing strategy to America, challenging established players.