IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

Investing.com -- IBM (NYSE:IBM) shares rose 4% Tuesday, recovering from Monday’s sharp decline after analysts defended the company’s mainframe business against concerns raised by Anthropic’s COBOL ...

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, according to data compiled by Bloomberg. “Modernizing a Cobol system once ...

U.S. Supreme Court’s tariff ruling, Carney’s new defence strategy and the top dividend-paying stocks: Business and investing ...

While Anthropic’s Claude Code grabbed headlines, IBM has been deploying its own generative AI solution, Watsonx Code Assistant for Z, designed to modernize the very mainframes it built. Unlike general ...

Melstacorp disclosed that it has divested 2,000,000 shares from its current shareholding of 4,252,264,664 shares in the Distilleries Company of Sri Lanka PLC. Melstacorp stock was up 1.79 percent at ...

The United Nations Development Programme (UNDP) and UN Capital Development Fund (UNCDF) is helping Sri Lanka design a crisis ...

Uncertainty around the long-term viability of software business models has major ripple effects on today's stock prices.