Latest in Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance
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Adidas Raises Guidance on Better-Than-Expected Results
The German sportswear company cited better-than-expected results for the third quarter and brand momentum.Business - The Wall Street Journal - October 15 -
Japan’s PM vows to stay on after election debacle
Shigeru Ishiba has presided over a result that threatens to plunge country’s politics into paralysisBusiness - Financial Times - October 28 -
Wise chief executive fined £350,000 over ‘tax issues’
UK financial regulator says Kristo Käärmann breached conduct rules but clears him to continue in his jobBusiness - Financial Times - October 28 -
From intern to CEO: does it pay to be a company lifer?
Executives who spend their career at one place can boost morale and loyalty but risk stifling innovationBusiness - Financial Times - October 28 -
Pfizer’s earnings crush estimates as company raises guidance
Drug company Pfizer saw strong growth for its heart-disease drugs and migraine treatment.Business - MarketWatch - October 29 -
PayPal shares fall on revenue miss, soft guidance
PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.Business - CNBC - October 29 -
Reddit shares close up 42% on profitability, rosy guidance
Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.Business - CNBC - 6 days ago -
Palantir shares close up 23% to record on uplifting guidance
Palantir shares soared to a record on Tuesday after the software company reported better-than-expected results and issued uplifting guidance.Business - CNBC - 8 hours ago -
Super Micro’s troubles build as auditor resigns, sending stock tumbling 33%
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 days ago -
Super Micro's $50 billion stock collapse underscores risk of AI hype
Since being added to the S&P 500 in March, Super Micro has lost about two-thirds of its value and now faces the risk of Nasdaq delisting.Business - CNBC - 5 days ago -
Super Micro's $50 billion stock collapse underscores risk of AI hype
In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains.Top stories - NBC News - 5 days ago -
Here’s what Super Micro’s struggles may mean for Nvidia and Dell
Dell might not see immediate financial benefits, but an analyst thinks customers are paying attention to Super Micro’s auditor exit, which could start helping Dell next year.Business - MarketWatch - 19 hours ago -
Super Micro needs a new CEO before its AI advantage erodes
Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down ...Business - MarketWatch - 19 hours ago -
Super Micro Computer to Strengthen Governance, Oversight Amid Filings Dispute
The server maker said it continues to work on matters related to its filings with the SEC, and now expects lower sales than it had previously guided for in its fiscal first quarter.Tech - The Wall Street Journal - 6 hours ago -
Hims & Hers shares rally on results, but execs say GLP-1 drug shortage ‘is not abating’
Shares of Hims & Hers Health Inc. rallied after hours on Monday after the wellness platform bumped its full-year sales forecast higher, as its efforts to offer more personalized care and more ...Business - MarketWatch - Yesterday -
4 killed, 17 injured after semitruck crashes into vehicles stuck in traffic in Michigan
WEBBERVILLE, Mich. — A section of Interstate 96 in southeast Michigan remained closed Sunday after a semitruck crashed into more than a dozen vehicles overnight, killing 4 people and injuring 17 ...Top stories - NBC News - Yesterday -
OMV Misses Views as Weak Refining, Oil Trading Hit Results
The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.Business - The Wall Street Journal - October 29 -
Michigan's election results could depend on these voting issues
Many voters in Michigan, a key batteground state in the 2024 presidential election, are weighing labor issues, the economy and Israel's war in the Gaza Strip as they cast their Election Day ballot. ...Top stories - CBS News - 12 hours ago -
FirstFT: Shares in McDonald’s plunge on links to E. coli outbreak
Also in today’s newsletter, Israel claims Nasrallah’s heir killed and Starbucks scraps financial guidanceWorld - Financial Times - October 23