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

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

Feb 23 (Reuters) - Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to ...

IBM shares fell 13.2%, suffering their worst day since 2000, at $223.35 per share, after Anthropic shared an update regarding ...

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic ...

COBOL is a programming language widely used on IBM mainframes across banking, insurance and government systems ...

Since the majority of mainframe computers running COBOL are produced by IBM, the development triggered heavy selling in the ...

Shares of International Business Machines recorded ​their steepest daily ​drop in more than 25 years ​on Monday, after AI startup Anthropic said its Claude Code tool could be used to modernize a ...

FedEx sues U.S. for full refund of IEEPA tariffs. Hims & Hers Health discloses SEC investigation over copycat GLP-1s; stock ...

Shares of computing and tech giant International Business Machines (IBM) saw their steepest daily drop ​in more than 25 years on Monday, after ...