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 - 4 hours ago

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Super Micro Computer shares plunge after EY resigns as auditor

Server maker said in August it would delay the release of its fiscal year 2024 results

Business - Financial Times - 5 hours ago

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 - 4 hours ago

Super Micro Computer's shares plunge after accounting firm resigns

Shares of Super Micro Computer plunged more than 30% by midday Wednesday, after the server maker disclosed that Ernst & Young had resigned as its public accounting firm

Tech - ABC News - 1 hour ago

Super Micro shares plunge 30% 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

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

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

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

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 - 5 days ago

England on brink of series defeat as wickets tumble after Pakistan fightback

Third Test, day two: England 267 & 24-3; Pakistan 344 Tourists still trail by 53 with openers and Ollie Pope gone Welcome to the house of Saud. England crossed the threshold on Friday hoping to ...

World - The Guardian - 5 days ago

Electrolux Shares Tumble After North America Weakness Weighs on Results

Electrolux shares fell sharply after the company reported third-quarter profit that missed analysts’ expectations on continued weakness in North America, where it is turning to promotions to entice ...

Business - The Wall Street Journal - 5 days ago

Oil tumbles after Israel refrains from attacking Iran’s refining facilities

Brent crude drops more than 6% as Tehran gives measured response to strikes

World - Financial Times - Yesterday

NC county Democratic chair resigns after Trump sign stealing charges

A county Democratic chair in North Carolina resigned after he was arrested and charged with stealing road signs supporting former President Trump. The Moore County Democratic Party announced Monday ...

Politics - The Hill - October 16

Sinn Féin employee resigns after damage to DUP portrait

A painting of a Democratic Unionist Party peer in Belfast City Hall was removed and damaged at the weekend.

Los Angeles Times editor resigns after newspaper withholds presidential endorsement

A journalism trade publication is reporting that the editorials editor of the Los Angeles Times has resigned.

LA Times editor resigns after owner blocks presidential endorsement

Mariel Garza says she is ‘standing up’ after billionaire Patrick Soon-Shiong quashes support for Kamala Harris. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times, refused to allow ...

World - The Guardian - 6 days ago

Cowpoke: Gundy injures eye after run-in on ranch

On the heels of three straight losses, Oklahoma State coach Mike Gundy took another hit during the Cowboys' bye week, suffering an unusual eye injury that forced him to move his weekly, in-person ...

Sports - ESPN - October 15

Oil prices drop over 4% after report Israel won’t target Iran’s oil facilities

Oil futures dropped by more than 4% on Tuesday, with U.S. and global benchmark prices settling at their lowest in about two weeks after a report that Israel will not attack key oil facilities in Iran.

Business - MarketWatch - October 15

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

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

Utah offensive coordinator Andy Ludwig resigns after Utes' third-straight loss

The Utes are now 1-3 in the Big 12.

Sports - Yahoo Sports - October 21

Sinn Féin staffer resigns after painting in Belfast City Hall ‘removed and damaged’

Incident involving portrait of former DUP lord mayor was reported to PSNI, adding to pressure on Sinn Féin. A Sinn Féin assembly employee in Northern Ireland has resigned after admitting ...

World - The Guardian - October 21

Two more LA Times editorial board members resign after the paper withholds a Harris endorsement

Two more members of the Los Angeles Times editorial board have resigned after the newspaper’s owner blocked its plan to endorse Democratic Vice President Kamala Harris for president

Entertainment - ABC News - 4 days ago

Olympus shares drop over 5% after CEO resigns over drug allegation

The stock slid 5.3% on the Tokyo Stock Exchange following news of Stefan Kaufmann's resignation.

Business - CNBC - 2 days ago

Eye Opener: Neighborhood evacuated after brush fire breaks out

A fast-moving brush fire triggered the evacuation of a neighborhood in Oakland, California. Meanwhile, a massive power outage in Cuba has left millions of people in the dark. All that and all that ...

After fourth straight win, are Ravens back to being Super Bowl contenders?

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Chiefs stay unbeaten after scrappy Super Bowl rematch

The Kansas City Chiefs are the only undefeated side left in the NFL after winning their Super Bowl rematch in San Francisco while the Minnesota Vikings suffered a first loss against the Detroit Lions.

Eidevall resigns as Arsenal head coach

Arsenal confirm that head coach Jonas Eidevall has resigned after just over three years in charge.

Lions' Aidan Hutchinson might be able to return for Super Bowl after gruesome leg injury in Week 6, per report

Hutchinson reportedly avoided a 'worst-case scenario'

Sports - CBS Sports - October 14

Packers make kicking change: GM Brian Gutekunst OK with signing ex-Super Bowl kicker after NFL investigation

Green Bay has struggled to replace Mason Crosby over the past two seasons

Sports - CBS Sports - October 16

Judge tosses suits against 3 lawmakers over posts after Chiefs Super Bowl Rally shooting

A judge has tossed three lawsuits filed against lawmakers who shared social media posts that falsely accused a Kansas man of being among the shooters who opened fire at a rally celebrating the ...

Sports - ABC News - October 22

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.

Crude oil tumbles as Middle East fears recede

Demand from China weaker than expected, says International Energy Agency

Business - Financial Times - October 15

Anthropic’s agentic Computer Use is giving people ‘superpowers’

Claude uses a computer essentially as a human does. People are using it for coding, researching, 'drudge work' and even to hail Uber rides.

Tech - VentureBeat - 5 days ago

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