Latest in Super Micro’s troubles build as auditor resigns, sending stock tumbling 30%
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Super Micro’s troubles build as auditor resigns, sending stock tumbling 30%
Super Micro filing indicates Ernst & Young flagged governance concerns back in July, which was before a short seller’s report put them on the minds of investors.Business - MarketWatch - 6 hours ago -
Super Micro Computer Tumbles After Auditor EY Resigns
Ernst & Young has resigned as the auditor for Super Micro Computer after finding that it can no longer rely on management’s misrepresentations.Tech - The Wall Street Journal - 6 hours ago -
Super Micro shares plunge 33% as auditor resigns after raising concerns months earlier
Ernst & Young resigned over accounting and governance concerns at the buzzy AI firm, which has faced regulatory scrutiny before.Business - CNBC - 1 hour ago -
What the Budget means for your money
Key measures on tax, investments, pensions and propertyBusiness - Financial Times - 7 hours ago -
The Budget in brief: what you need to know
A quick guide to the UK chancellor’s main policy announcements and official economic forecastsBusiness - Financial Times - 1 hour ago -
Super Micro Computer shares drop by one-third after EY resigns as auditor
Server maker said in August it would delay the release of its fiscal year 2024 resultsBusiness - Financial Times - 1 hour ago -
Super Micro Computer's shares plunge 33% after server maker's accounting firm quits
Shares of Super Micro Computer have plunged more than 33% after the server maker disclosed that Ernst & Young had resigned as its public accounting firmTech - ABC News - 55 minutes ago -
This five-star fund’s formula rode Super Micro’s gain, while its disciplined strategy avoided the stock’s brutal decline
The Hennessy Cornerstone Growth Fund follows a highly rated strategy of selecting its entire portfolio from scratch once a year.Business - MarketWatch - October 19 -
Biotech stock tumbles after unexplained 1,446% gain
Bright Minds Biosciences, which until this week had a lightly traded stock that traded at just over $1, tumbled in premarket trade on Wednesday following a meteoric rise.Business - MarketWatch - October 16 -
ASML’s stock tumbles after microchip equipment maker warns of slower recovery
ASML Holding, the Dutch microchip-equipment maker, saw its stock slide after saying the market recovery for semiconductors will take longer than expected.Business - MarketWatch - October 15 -
Lucid stock tumbles following public offering to raise $1.67 billion
Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."Business - CNBC - October 17 -
Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges
Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid ...Business - MarketWatch - October 17 -
Phunware’s stock tumbles more than 35% after CEO retires
Shares of Phunware Inc. were down more than 35% after the retirement of Chief Executive Mike Snavely from the mobile-advertising company.Business - MarketWatch - 6 days ago -
JetBlue’s stock tumbles as downbeat revenue outlook raises risk of more losses
JetBlue’s stock sinks after Q3 results beat expectations but the Q4 revenue outlook disappointed.Business - MarketWatch - Yesterday -
Lilly’s Mounjaro, Zepbound drugs see strong demand. So why did sales disappoint?
Eli Lilly’s stock heads for biggest selloff in more than three years after sales of anti-obesity drugs Mounjaro and Zepbound came up well short of forecasts.Business - MarketWatch - 2 hours ago -
CVS cuts outlook yet again — while swapping out CEO for a company veteran
“The shift in management is not surprising as the company looks to level set its operations and strategically position itself for future growth,” analyst said.Business - MarketWatch - October 18 -
Crocs’ stock tumbles 18% as earnings beat is offset by continued weakness at HeyDude brand
Crocs Inc.’s stock tumbled 16% Tuesday after the casual-footwear company’s better-than-expected third-quarter earnings were derailed by continued weakness at its HeyDude brand and a warning that it ...Business - MarketWatch - Yesterday -
Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance
Skyrocketing demand for weight loss and diabetes drugs has forced Eli Lilly and Novo Nordisk, to invest billions to increase manufacturing capacity.Business - CNBC - 1 hour ago -
The stock market is rallying because ‘fear has left the building.’ Here’s the danger.
It may be time for stock-market investors to “look tactically at downside risk into month-end,” says a top Wall Street technical analyst.Business - MarketWatch - October 16 -
10-year Treasury yield crosses ‘line in the sand’ that begins to spell trouble for stocks
An early bond-market selloff pushed the benchmark 10-year Treasury yield just over 4.3% for much of Tuesday’s session, a level which stocks have had a difficult time adjusting to over the past year.Business - MarketWatch - Yesterday -
S&P 500 looks solid here — but the VIX is sending mixed signals
S&P 500 looks solid, and charts are positive for Amphenol, APA, wheat and Walgreens.Business - MarketWatch - October 17 -
Alphabet quiets the doubters with ‘all-around’ strength that sends stock soaring
“We believe that this ship is sailing smoothly and doing everything right,” an analyst says.Business - MarketWatch - 8 hours ago -
Secretive Democratic super PAC pumps $30 million into Spanish-language TV ads
A secretive Democratic super PAC has been quietly running a massive Spanish-language ad campaign in support of Vice President Kamala Harris, pumping tens of millions of dollars into trying to reach ...Top stories - NBC News - 6 days ago -
B. Riley’s stock soars 30% after bank agrees to sell Great American to Oaktree for almost $400 million
Investment bank’s stock is down 73% in the year to date amid regulatory fallout over a loanBusiness - MarketWatch - October 14 -
'That performance would not have troubled Australia'
Shaun Wane says his England team "need to be better" despite opening their two-Test series against Samoa with a 34-18 victory - saying their performance "would not have troubled Australia".Top stories - BBC News - 3 days ago -
Eidevall resigns as Arsenal head coach
Arsenal confirm that head coach Jonas Eidevall has resigned after just over three years in charge.Top stories - BBC News - October 15 -
WATCH: Singer takes a tumble during concert
Olivia Rodrigo shocked fans in Melbourne, Australia, after she fell into a hole on the stage. She later posted on social media, saying she was doing fine after the incident.Top stories - ABC News - October 15 -
Crude oil tumbles as Middle East fears recede
Demand from China weaker than expected, says International Energy AgencyBusiness - Financial Times - October 15 -
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A series of skirmishes among House Republicans is poised to reshape Washington
Retirements, term limits and leadership ambitions are opening up a slew of top panel spots on the House Republican side next year.Politics - Politico - 6 days ago -
The trouble with Pedro Sánchez’s ‘maverick’ foreign policy
Spanish premier’s swerves on international stage yield dividends in domestic politicsWorld - Financial Times - 3 days ago -
India's growing influence means trouble for China’s alliance
India is becoming more important, something not good for China.Politics - The Hill - Yesterday
