IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool
Original Report
International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated...
International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming language that’s run on IBM computers.
Glass House Analysis
This story reflects the interconnected nature of modern economic systems, where developments in one sector inevitably affect others. Understanding these connections is essential for grasping how policy decisions and market movements translate into real-world outcomes for families, workers, and communities. The economy is not an abstract system of numbers—it's the sum total of decisions about who works, who prospers, and who struggles.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
FedEx sues U.S. seeking full refund of Trump tariffs days after Supreme Court ruling
The Trump administration has warned that it could take years for refunds to be paid out for tariffs that the Supreme Court ruled are illegal.
EY-Parthenon's Daco: Inflation, Business Investment Are Next Tariff Unknowns
EY-Parthenon Chief Economist Greg Daco joins Bloomberg Businessweek Daily to discuss the economic impacts of President Trump's tariffs being overturned by the Supreme Court. Daco says that while the...
CEO Who Challenged Trump's Tariffs Weighs in on SCOTUS Decision
Rick Woldenberg, CEO of Learning Resources and hand2mind, joins Bloomberg Businessweek Daily to weigh in on the Supreme Court striking down President Trump's tariffs, a win for the company that...
Big Tech’s ‘Lag 7’ is putting the S&P 500 — and your index fund — at risk
A breakdown of the “Magnificent Seven” and AI hyperscalers raises concern for the stock market and the economy