IBM (NYSE: IBM) has reached a record high stock price of $269.34, showing strong investor confidence in the company’s growth strategy. This is a 57.9% increase over the past year, making IBM one of the best-performing tech stocks in 2025. The company’s market value is now around $244 billion, and it has a price-to-earnings (P/E)…
Deloitte UK has reduced the number of partner promotions by 25% this year, a clear sign of the ongoing financial pressure on the Big Four consulting firms. Only 60 New Partners This Year In its latest announcement, Deloitte revealed that only 60 employees were promoted to partner in 2025 down from 81 last year. This…
The number of initial jobless claims in the United States rose to 247,000 for the week ending May 31, 2025, according to data released by the U.S. Department of Labor on Thursday. This is an increase of 8,000 claims from the previous week and marks the highest level since October 2024. The number was higher…
The stock of Robinhood Markets Inc. (NASDAQ: HOOD) is trending upward this week due to two main reasons: expectations of its addition to the S&P 500 Index, and its recent growth in the cryptocurrency sector. On Thursday, Robinhood’s stock reached $72.27, with pre-market trading moving it up further to $73.75. This follows a report by…
Tesla shares dropped nearly 3% on Wednesday after CEO Elon Musk publicly attacked a new government spending bill supported by President Trump. His comments added to growing concerns about Tesla’s political ties and recent sales struggles. Musk unhappy with federal spending On Tuesday, Musk who also leads the Department of Government Efficiency (DOGE) called the…
Private equity giant KKR has withdrawn from a proposed multi-billion pound rescue deal for Thames Water, dealing a major blow to the struggling utility as it faces the threat of nationalisation. The decision increases pressure on the UK government to intervene, with the company’s financial stability now under serious threat. The withdrawal was confirmed in…
With tax season in the rearview, millions of Americans are now keeping an eye on their bank accounts as the IRS begins issuing 2025 tax refunds. Most of the action is happening through direct deposit, though mailed checks and paper return processing are also underway. Despite limited staffing and budget cuts, the IRS has confirmed…
