Tech-infrastructure giant IBM on Wednesday offered a solid sales outlook despite worries about the impact of a global trade war on the economy and tech spending, but its shares still fell after hours.
Executives at the washer and dryer maker said the company would be a “winner” under the new trade regime, and said it would benefit domestic manufacturing.
Shares of General Motors, Ford and Jeep parent Stellantis advanced in after-hours trading Wednesday in the wake of a report that President Donald Trump plans to spare automakers from some tariffs.
Elon Musk says he will spend more time at Tesla, but the White House expects him to continue “dedicating a lot of his time”’ to supporting the president.
Markets are signaling doubt about whether the U.S. economy will end up in recession, despite investors’ fears over President Donald Trump’s ‘liberation day’ tariffs.
Some worried ServiceNow’s federal business would be under pressure from “DOGE” cuts. But CEO Bill McDermott said the company is benefitting from the efficiency push.
