Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier

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 property

Business - 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 forecasts

Business - 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 results

Business - 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 firm

Tech - ABC News - 54 minutes 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’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

Pro-Harris Super PAC Raises Concerns About Focusing on Trump and Fascism

The group, Future Forward, warned that attacking Donald J. Trump as a fascist or questioning his character or stamina are less effective than highlighting Kamala Harris’s proposals.

Top stories - The New York Times - 3 days ago

Trump Media shares fall nearly 10% after DJT plunge triggers trading halt

Trading in Trump Media shares was briefly halted due to volatility, after the Truth Social owner's stock suddenly plunged in price.

Business - CNBC - October 15

Trump Media's stock is halted after sudden plunge in DJT shares

Trading in Trump Media, owner of Truth Social, was halted briefly on Tuesday after the stock suddenly plunged.

Chapel Down shares plunge after winemaker pulls back on sale plans

England’s largest producer says it will remain independent and also downgrades sales guidance

World - Financial Times - 5 days ago

ASML share plunge wipes over $50 billion off Dutch chip giant's value

ASML published its third-quarter earnings Tuesday, a day earlier than expected.

Business - CNBC - October 16

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

Air taxi firm Lilium's shares plunge 61% after company says main subsidiaries will file for insolvency

Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.

Business - CNBC - 6 days ago

Concerns raised over access to UK Biobank data after ‘race scientists’ claims

Expert says any suggestion of Human Diversity Foundation accessing sensitive data could affect public trust in science. Concerns have been raised about access to a scientific trove containing the ...

World - The Guardian - 5 days ago

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 paralysis

Business - Financial Times - 2 days ago

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 job

Business - Financial Times - 2 days ago

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 innovation

Business - Financial Times - 2 days ago

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 - 1 hour ago

Elon Musk's PAC giveaway raises legal concerns

Elon Musk is giving away big bucks to random voters who sign a petition from his political action committee. But there's a catch — and it's raising concerns about possible campaign finance ...

Ballot drop box fires raise voter concerns

Police are still searching for the person suspected of setting Oregon and Washington drop boxes on fire Monday morning, destroying hundreds of ballots. The attacks prompted increased security ...

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

Israel says a Hezbollah official expected to be the group's next leader was killed in an airstrike earlier this month

World - ABC News - October 22

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 guidance

World - Financial Times - October 23

Boeing machinists to vote on new proposal with 35% raises that could end strike

The IAM will vote Wednesday on the new proposal which includes 35% wage increases over four years, a higher signing bonus of $7,000 and more.

Business - CNBC - October 21

Beleaguered Boeing Sells More Shares to Raise Cash

As a six-week strike drags on, the financially strained planemaker offers more shares to investors as it struggles with its turnaround.

Business - Inc. - 2 days ago

'Terrified and angry': patients voice concerns as eye hospital to shut for six months

The Princess Alexandra Eye Pavilion in Edinburgh is due to close for six months at the end of the month.

US raises concern over Chinese military drills near Taiwan

The United States said it is “seriously concerned” about Chinese military drills near Taiwan on Monday. State Department spokesperson Matthew Miller said the U.S. is concerned by the joint military ...

Politics - The Hill - October 14

Latest in Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier

Super Micro shares plunge 33% as auditor resigns after raising concerns months earlier

What the Budget means for your money

The Budget in brief: what you need to know

Super Micro Computer shares drop by one-third after EY resigns as auditor

Super Micro Computer's shares plunge 33% after server maker's accounting firm quits

Super Micro Computer Tumbles After Auditor EY Resigns

Super Micro’s troubles build as auditor resigns, sending stock tumbling 30%

Pro-Harris Super PAC Raises Concerns About Focusing on Trump and Fascism

Trump Media shares fall nearly 10% after DJT plunge triggers trading halt

Trump Media's stock is halted after sudden plunge in DJT shares

Chapel Down shares plunge after winemaker pulls back on sale plans

ASML share plunge wipes over $50 billion off Dutch chip giant's value

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

Air taxi firm Lilium's shares plunge 61% after company says main subsidiaries will file for insolvency

Concerns raised over access to UK Biobank data after ‘race scientists’ claims

Japan’s PM vows to stay on after election debacle

Wise chief executive fined £350,000 over ‘tax issues’

From intern to CEO: does it pay to be a company lifer?

Reddit shares close up 42% on profitability, rosy guidance

Elon Musk's PAC giveaway raises legal concerns

Ballot drop box fires raise voter concerns

This five-star fund’s formula rode Super Micro’s gain, while its disciplined strategy avoided the stock’s brutal decline

Israel says a Hezbollah official expected to be the group's next leader was killed in an airstrike earlier this month

FirstFT: Shares in McDonald’s plunge on links to E. coli outbreak

Boeing machinists to vote on new proposal with 35% raises that could end strike

Beleaguered Boeing Sells More Shares to Raise Cash

'Terrified and angry': patients voice concerns as eye hospital to shut for six months

US raises concern over Chinese military drills near Taiwan

Topics