Since the majority of mainframe computers running COBOL are produced by IBM, the development triggered heavy selling in the company’s stock. The stock dropped as much as 13% during intraday trading, marking its steepest single-day fall since March 2020.
Related Posts
H-1B fee challenge: 20 states sue US govt over $100,000 visa charge; claim immigration law can’t be rewritten
A coalition of 20 US states, led by California’s Attorney General, has sued the Trump administration over a controversial $100,000 H-1B visa fee hike. Critics […]
Can Sergio Gor re-open the door between US and India?
Sergio Gor, a figure with limited prior India expertise but deep ties to President Trump, has been appointed as the US ambassador to New Delhi. […]