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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 - October 30 -
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 - October 30 -
What the Budget means for your money
Key measures on tax, investments, pensions and propertyBusiness - Financial Times - October 30 -
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 - October 30 -
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 - October 30 -
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 - October 30 -
8 Supreme Court Justices in Mexico to Resign Ahead of Contentious Election
All but three of the country’s Supreme Court justices announced they would quit rather than partake in the controversial elections mandated by a judicial overhaul.World - The New York Times - October 31 -
Chicago School Board President Resigns Over Social Media Posts
One week into the job, the Rev. Mitchell Ikenna Johnson resigned amid criticism by elected leaders that his past posts were anti-Semitic and misogynistic.Top stories - The New York Times - 6 days ago -
Oklahoma small town police chief and entire police department resign
The police chief and three officers that make up the entire four-person police department of the town of Geary, Oklahoma resigned on Thursday with little explanation.Top stories - CBS News - 5 days ago -
Serbian minister to resign over concrete canopy crash that killed 14 people
Serbia’s government minister for infrastructure and construction says he's stepping down, days after a concrete canopy collapsed at a railway station, killing 14 people and severely injuring threeWorld - ABC News - 3 days ago -
Take This clinical director resigns from mental health for game devs nonprofit
Raffael "Dr. B" Boccamazzo, the clinical director of Take This, will leave the nonprofit for gaming mental health at the end of this year.Tech - VentureBeat - 2 days ago -
Philadelphia Fed’s factory gauge jumps in October
Index rises to 10.3, second straight monthly gainBusiness - MarketWatch - October 17 -
Feds charge fan with arson for flares in Orlando
A man has been charged with "arson of a building that led to personal injuries" after releasing two flares into the stands at an Orlando City match at Inter&Co stadium in Orlando, Florida, federal ...Sports - ESPN - October 18 -
Fed Leaders Favor Rate Cuts, But Differ on Pace
Four policymakers agree the central bank should make further rate cuts, though some support a slower, smaller set of reductions.Business - Inc. - October 22 -
Fed should beware of wishing on an R-star
US central bank risks reviving inflation if it keeps lowering the federal funds rate in pursuit of a nirvana stateWorld - Financial Times - October 23 -
Fed Beige Book continues to point to sluggish economy
Nine out of 12 districts report flat or declining activity.Business - MarketWatch - October 23 -
Inflation Cooled Further in September, PCE Index Shows
Overall inflation slowed in September from a year earlier, though some signs of stubbornness lingered under the surface.Business - The New York Times - October 31 -
Trump’s victory means fewer Fed rate cuts
“Trump is a president who likes to spend, he was a real-estate developer who loves to borrow. I don’t think he’s shaken either of those ideals,” notes one analyst.Business - MarketWatch - Yesterday -
Trump Is Inheriting Booming Markets and a Decisive Fed
Stocks and bitcoin are smashing records while the labor market deteriorates, U.S. debt balloons, and housing affordability worsens.Business - Inc. - 15 hours ago -
Trump is not expected to try to fire Fed Chair Powell
Federal Reserve watchers don’t think that President-elect Donald Trump will seek to remove Fed Chair Jerome Powell from his post before the central bank chief’s term ends in mid-2026.Business - MarketWatch - 13 hours ago -
If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.Business - The New York Times - 13 hours ago -
Fed cuts interest rates days after election
The Fed cut interest rates by a quarter of a percentage point.Top stories - ABC News - 10 hours ago -
Here's what changed in the new Fed statement
This is a comparison of Thursday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.Business - CNBC - 11 hours ago -
‘They refused to let me go’: Japanese workers turn to resignation agencies to quit jobs
One in six workers has engaged a firm to hand in notice for them, as younger workers reject traditional work ethic. Mari was just two months into her new job when she decided she had had enough. ...World - The Guardian - October 19 -
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 -
Supervisor Andrew Do in Southern California Resigns and Agrees to Plead Guilty in Bribery Scheme
Federal prosecutors said that Andrew Do, an Orange County supervisor, enriched himself and his family with federal pandemic aid meant for seniors.Top stories - The New York Times - October 23 -
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 presidentEntertainment - ABC News - October 25 -
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 - October 28 -
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 - October 30