IBM says clients shifted capex to scarce hardware as large deals slipped; BIS flags ~$115bn of BDC software loans. Plus Hormuz, Korea, the scenario, and the back page.
The Universal Owner · Daily video briefing · Wednesday, July 15, 2026
IBM says clients shifted capex to scarce hardware as large deals slipped; BIS flags ~$115bn of BDC software loans. Plus Hormuz, Korea, the scenario, and the back page.
Read today's full daily brief →
Continue the briefing. Read the daily brief · watch the daily video briefing · listen to The Universal Owner · view the chart of the day.
Produced and edited by the UAO editorial desk. Not investment advice.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
Five minutes, five days a week. Complimentary — subscriptions are reviewed by our editorial desk, and you'll receive a notice once approved.
You’re on the list. Tomorrow’s brief will arrive in your inbox.
Please enter a valid email.