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ECB bond tool seen having no limits as steeper rate hikes loom

As already-record inflation approaches double digits, economists see the ECB accelerating rate hikes following liftoff on July 21. ....

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Ian Guider: Interest rate hikes will be a big bonanza for bankers

There’s plenty of pain on the way for mortgage holders, but it’s likely to be a different story for our friends at the big banks ....

Christine Lagarde , Mario Draghi , Ian Guider , Andreas Arnold Bloomberg , European Central Bank ,

Should Self-Driving Cars Have Ethics?

To design a "moral machine," researchers updated a classic thought experiment for the autonomous vehicle age. But do we really want artificial intelligence making decisions on who lives or dies? ....

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An end to super-cheap money? Central banks begin tightening cycle |

An end to super-cheap money? Central banks begin tightening cycle |
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IBM Reports First Quarterly Revenue Growth Since 2018

IBM Shares Jump on Biggest Revenue Growth Since 2018
Bloomberg
56 mins ago
Jackie Davalos
(Bloomberg) International Business Machines Corp. shares jumped in extended trading after the company reported its biggest revenue gain in eleven quarters, driven by demand for cloud services and suggesting Chief Executive Officer Arvind Krishna’s turnaround plan is starting to bear fruit.
Sales increased 1% to $17.7 billion in the three months ended Mar. 31, the Armonk, New York-based company said Monday in a statement. That beat the $17.3 billion analysts had forecast, on average, according to data compiled by Bloomberg.
IBM reported first-quarter revenue growth in three of its five business segments, including Cloud and Cognitive Software, which saw a sales increase of 3.8% from a year earlier to $5.4 billion. The Global Business Services unit, which includes consulting, and the Systems unit, which includes hardware and operating systems softw ....

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