COBOL is a computer language used for business data processing and IBM is a leader in that area.

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

Are AI tools from Anthropic and other players on the verge of disrupting IBM's growth story?

Today’s Forbes Daily also covers financial market fallout from Trump’s tariffs, FedEx sues the government, Novo Nordisk tumbles, winter storm cancels flights and more.

Paul Tudor Jones is no stranger to spotting macro turning points. But his firm, Tudor Investment‘s newest bet on International Business Machines Corp. IBM is suddenly facing a test few investors saw ...

Fourth quarter earnings season is entering its final stretch. As of Feb. 13, 74% of S&P 500 (^GSPC) companies had reported results, according to FactSet data, and blended earnings growth — meaning a ...