Technology

FOX Business Briefs 4/29

GM net income slid in the first quarter on weaker sales of trucks, SUVs; Trump to soften blow of automotive tariffs; UPS to cut 20,000 jobs; Coca-Cola says market is ‘manageable’ despite loss of net revenue; Royal Caribbean is raising its forecast.

IBM announces $150B investment in US

IBM, founded in 1911, is making a major investment in the United States over the next five years, the company announced in a media release on Monday.