Latest in Super Micro still can’t say when it will file annual report, and its stock drops
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Super Micro still can’t say when it will file annual report, and its stock drops
Server maker doesn’t expect its accounting issues to impact its ability to serve customersBusiness - MarketWatch - 6 hours ago -
Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance
Super Micro, the embattled server maker, reported preliminary first-quarter results on Tuesday.Business - CNBC - 8 hours 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 -
Super Micro still offers no clear answers to investors
Super Micro Computer Inc. did not offer investors any clear answers to questions in an investor call about its accounting woes Tuesday, leaving intact the dark cloud hanging over the company and ...Business - MarketWatch - 4 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 - 8 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 - 21 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 -
Super Micro Computer Stock Crashes, Wall Street Concerns Grow
Shares of the Nvidia customer have crashed since its accounting firm, Ernst & Young, resigned.Business - Inc. - 4 days ago -
Super Micro's 45% plunge this week wipes out stock's gains for the year
Super Micro investors have been fleeing for the exits this week after the company lost its second auditor in less than two years.Business - CNBC - 4 days 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 - 6 days ago -
China reports its economy grew at a 4.6% annual rate in the July-September quarter, below the government'S 5% target
China reports its economy grew at a 4.6% annual rate in the July-September quarter, below the government'S 5% targetWorld - ABC News - October 17 -
Lucid’s stock takes a dive after EV maker warns of larger losses
Lucid’s stock took a deep dive in early Thursday trading, after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecasts.Business - MarketWatch - October 17 -
Netflix's subscriber growth is slowing, but its profit and stock price are still surging
Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering offTech - ABC News - October 17 -
Nintendo reports lower profits as demand drops for its aging Switch console
Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth ...Entertainment - ABC News - 20 hours ago -
The UAE opens its annual oil-and-gas summit, pledging to increase output
The United Arab Emirates has opened its annual oil-and-gas summit as it plans to increase energy output even as global prices have fallenWorld - ABC News - Yesterday -
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 days ago -
What the Budget means for your money
Key measures on tax, investments, pensions and propertyBusiness - Financial Times - 6 days 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 - 6 days 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 - 6 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 - 21 hours ago -
Pelosi says she still hasn’t spoken to Biden since pressuring him to drop out
Ex-House speaker also says on Guardian podcast that she thinks Trump is ‘a grotesque word’ and rarely says his name. Nancy Pelosi has admitted she still has not spoken to Joe Biden since her ...World - The Guardian - October 15 -
Russia's embassy in Pakistan says it is verifying reports that one of its citizens was abducted
Russia’s embassy in Pakistan says it is attempting to verify reports that one of its citizens was abducted in the South Asian nation’s troubled northwestWorld - ABC News - October 29 -
UPS’s stock gets a rare ‘sell’ warning just days before its earnings report
UPS shares took a hit on Monday after a Wall Street analyst made a rare call to sell, citing near-term concerns over what weak parcel demand will mean for its earnings.Business - MarketWatch - October 21 -
The ‘Juror #2’ cast still can’t believe they got to work with Clint Eastwood
Clint Eastwood may be 94 but he's not ready to retire just yetEntertainment - ABC News - October 29 -
McDonald’s stock drops as Quarter Pounders linked to E. coli outbreak, CDC says
An outbreak of E. coli linked to McDonald’s Corp. Quarter Pounder burgers has killed one person and hospitalized 10 people in 10 states.Business - MarketWatch - October 23 -
Catholic church still failing to deal with sexual abuse cases, says Vatican report
Vatican’s child protection commission delivers first report on scandal that has engulfed church for decades. Church leaders who fail to take action against paedophile priests are a “further source ...World - The Guardian - October 29 -
Amazon’s satellite constellation doesn’t offer its stock much upside, says BofA
The company’s ambitious Project Kuiper broadband satellite system has been attracting a lot of attention recently.Business - MarketWatch - October 21 -
Initial report shows Liam Payne had cocaine in his system when he died, says Argentine official
An initial toxicology report for ex-One Direction singer Liam Payne, who died last week after falling from a third-floor hotel balcony in Buenos Aires, shows that he had cocaine in his system after ...Entertainment - ABC News - October 22 -
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 - 6 days ago