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IBM misses Q3 sales estimates, casting doubt on growth engines

Bloomberg International Business Machines Corp missed analysts’ quarterly revenue estimates, ending a short-lived streak of sales gains and casting doubt on its strategy to boost growth through new businesses like cloud and artificial intelligence. The shares slip-ped in extended trading. Revenue fell 2.1 percent to $18.8 billion in the third quarter, while analysts were expecting $19.1 billion. Cloud revenue, which ...

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Netflix soars as blistering subscriber growth restores faith

Bloomberg Netflix Inc is growing faster than even its most bullish fans on Wall Street predicted, soothing doubts about its global prospects and sending its already-stratospheric stock higher. After a stumble with its previous results, the world’s largest paid online TV network added far more subscribers than analysts expected in the third quarter. Netflix also issued an upbeat outlook for ...

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Trump’s trolling vs. the ‘constitution of knowledge’

On the road again, and full of indignation about, or perhaps admiration for, what he called ‘made-up’ and ‘fabricated’ Democratic accusations during the recent judicial confirmation turmoil, America’s feral president swerved into a denunciation of a nonexistent bill – “It’s called ‘the open borders bil’” — that, he thundered, “every single Democrat” in the Senate has “signed up for.” Now, ...

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