16B

Alphabet's net income fell by 14 percent to $16 billion due to inflation, conflict and advertisers pullbacks, slowing the company's growth for the first time in two years. Alphabte's reported 14% fall of net income was fueled by inflation, conflict and adverstisers pullbacks.…

A federal judge has ordered IBM to pay $1.6 billion in damages to BMC, a private software company that is both IBM's partner and competitor. BMC sued IBM in 2017 after AT&T -- a huge client for both companies -- dumped BMC's mainframe software products in favor of IBM's own software. BMC alleged the deal violated the careful agreement it made with IBM to work with mutual customers. "IBM is one of the largest technology companies in the world— and it exploited BMC's justifiable reliance for its own gain, cementing its…