1. IBM Stock Crashes 13% as Anthropic AI Threatens COBOL Business
IBM shares dropped 13.2% in their worst single-day decline since 2000 after Anthropic announced Claude Code can automate COBOL modernization. The market is pricing in that IBMs lucrative COBOL business is now worth basically nothing. COBOL is an ancient programming language from the 1950s-60s that still runs massive ba...