American software company delivering a cloud-based workflow platform
Global oil benchmarks have fallen from highs above $100 a barrel to the low $80s after US President Donald Trump has said he called off planned strikes on Iran and reported that talks to reopen the Strait of Hormuz will begin. Markets have reacted with lower risk premiums, equities and bond yields have moved, and petrol prices have eased in the US and UK.
Dashlane reports a coordinated brute-force attack targeted its device-enrollment API, leading to the unauthorized download of fewer than 20 encrypted password vaults. The company has notified affected users and says others are unaffected. The incident highlights vulnerabilities in 2FA enrollment and rapid credential access.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
IBM has reported a disappointing second-quarter revenue of $17.2 billion, missing expectations and signaling a shift in corporate spending toward infrastructure and cybersecurity. The stock has fallen roughly 25% in a single session, threatening margins and prompting market participants to seek further downside protection.
IBM has warned of a performance shortfall as customers reallocate budgets toward AI infrastructure and cybersecurity. The miss comes ahead of a Q2 earnings call, with executives noting a shift in spending to servers, storage, and memory and delaying large deals.
Apple shares have rebounded as investor anxiety over AI spending eases, while IBM signals a softer second quarter amid capex reallocation toward servers and cybersecurity. The broader tech complex remains sensitive to AI budgeting and infrastructure demand, with investors watching cloud and semiconductor peers.
The latest reporting shows the United States and Israel sustaining pressure in a widening confrontation with Iran. Washington has paused strikes to allow for talks, while Tehran is signaling readiness to expand its operations in the region as talks with Oman progress on Hormuz security.