Breakups are never fun. And in the case of Super Micro Computer (NASDAQ: SMCI), there’s a pretty clear reason why its longtime partner Nvidia appears to be moving on. In late August, Supermicro came into the spotlight as the target of a short report written by Hindenburg Research. Shortly after, Supermicro delayed its 10-K filing before The Wall Street Journal reported the Department of Justice had launched a probe into the company. To matters worse, Ernst & Young resigned as Supermicro’s financial auditor due to concerns over the company’s reporting. In the midst of these falling dominos, the company was…
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Home improvement chain Wickes Group (LSE: WIX) probably isn’t the first name that springs to mind when looking for a top FTSE income share. But it caught my eye in September. I was looking for shares that I thought might benefit from the new Labour government, in particular its plans to get Britain building again, by bulldozing through proposals to build 1.5m new homes in five years. I’ve been doing a bit of doer-upping myself, and where did all my tradesmen go? Wickes. A desirable FTSE stock with a well-appointed yield While I never believed Labour would build the equivalent…
Investing.com – European stock markets slipped lower Tuesday as investors digested fresh regional employment and inflation data as well as quarterly earnings from some major companies. At 03:10 ET (08:10 GMT), the in Germany traded 0.9% lower, the in France fell 1% and the in the U.K. dropped 0.4%. German inflation rose in October Investors will return to scrutinizing fresh economic data this week, after the political turmoil of last week, starting with an inflation reading from Germany and UK employment data, released earlier Tuesday. , harmonized to compare with other European Union countries, rose to 2.4% in October, confirming…
By Olena Harmash KYIV (Reuters) – Ukraine’s wartime government will boost domestic value-added production to reshape its commodities-driven economy, increase revenue, boost growth and return millions of Ukrainians home, the first deputy prime minister said. Yulia Svyrydenko, who is also the economy minister, told Reuters in an interview that the changes were needed for the country to recover, to rebuild after colossal damage from the war and to bring the economy closer to the European Union. “Our task is to support more Ukrainian production and also support the consumption of Ukrainian-produced goods,” the 38-year-old said in an interview. The government…
Kashif Mirza, a class 11th student, targeted social media usersNew Delhi: A 19-year-old man in Rajasthan’s Ajmer has been arrested for allegedly cheating over 200 people of about Rs 42 lakh through a fake investment scheme, police said on Monday.Kashif Mirza, a class 11th student, targeted social media users by making fake promises that they could make substantial profits.Police said that Mirza was an “influencer” and had a huge number of followers on Instagram.He told the victims that they would get Rs 1,39,999 for investing Rs 99,999 for 13 weeks.”Initially, he provided some investors with the profit so that they…
Image source: Getty Images It feels like ages ago that investors were wondering when the Lloyds Banking Group (LSE:LLOY) share price would make it up to 50p. In reality, it was only back in March. Since then, a lot has happened. The stock was one of the FTSE 100’s best performers of 2024, topping 60p last month. But a 12% drop has suddenly put it into very interesting – and unfamiliar – territory. Back to 50p? The big risk with Lloyds right now is the possibility of a serious fine for mis-selling car loans. There’s still an outside chance this…
Will Adani’s arrival shake existing industry players? As the billionaire eyes the metal industry, it will face competition from the existing players in the market, including Anil Agarwal-promoted Vedanta, Aditya Birla Group’s Hindalco Industries and Tata Group. Tata Steel is one of the leading steel manufacturers in the world. According to the smallcase report, Tata steel and JSW Steel are the biggest players with market capitalisation worth Rs 2,04,292 crore and Rs 2,11,648 crore. Source link
Bitcoin’s rally shows no signs of slowing as it edges toward $90,000 in what is shaping up to be its best weekly run since the United States banking crisis in 2023.The Bitcoin (BTC) price surpassed the $85,000 record high on Nov. 11, but just as a temporary pit stop. The world’s first cryptocurrency is trading at $88,879 as of 8:14 am UTC, up over 29% during the past week, Cointelegraph data shows.BTC/USD, 1-month chart. Source: CointelegraphThe nearly 30% weekly return marks Bitcoin’s best seven-day period since the US banking crisis in 2023, according to Vetle Lunde, the head of research…
BAKU, Azerbaijan — After nearly a decade of negotiations, leaders during the United Nations climate conference’s first day decided on some of the finer points of much-debated sticking point aimed at cutting planet-warming emissions from coal, oil and gas. Known as Article 6, it was set up as part of the 2015 Paris Agreement to help nations work together to reduce climate-causing pollution. Part of that was a system of carbon credits, allowing nations to put planet-warming gasses in the air if they offset emissions elsewhere. But the gaveling through of Article 6 late Monday was criticized by climate justice…
By Gloria Dickie BAKU (Reuters) – This year’s U.N. climate summit – COP29 – is being held during yet another record-breaking year of higher global temperatures, adding pressure to negotiations aimed at curbing climate change. The last global scientific consensus on climate change was released in 2021 through the Intergovernmental Panel on Climate Change, however scientists say that evidence shows global warming and its impacts are unfolding faster than expected. Here is some of the latest climate research: 1.5C BREACHED? The world may already have hit 1.5 degree Celsius (2.7 F) of warming above the average pre-industrial temperature – a…