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Americans got some relief at the gas pump in recent weeks, enough to slow down inflation. That might not last long as the U.S. and Iran continue to vie for control of the Strait of Hormuz.
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IBM's stock plunges after a preliminary release of profit and revenue that were well below expectations.
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IBM stock plummets more than 25% on Q2 earnings warning Yahoo FinanceIBM stock craters 23% after issuing second-quarter earnings warning CNBCSoftware Stocks Sink as IBM Miss Delivers ‘Devastating Blow' Bloomberg.comIBM warns AI boom is squeezing software budgets; shares sink in sector rout Reuters
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Inflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJInflation falls for the first time in six years, as Fed Chairman Warsh prepares to face Congress CNNConsumer inflation rate falls for the first time since 2020 Los Angeles TimesCPI Report Live Updates: Inflation Cools to 3.5% Annually as Oil Prices Drop The New York TimesInflation cools more than expected in June as gas costs fall, underlying prices ease AP News
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