Following a terrific start to the year, Super Micro Computer’s (NASDAQ: SMCI) stock chart has undergone a stark reversal over the past six months. It has lost close to 60% of its value from its peak, and recent developments seem to have further dented investor confidence in the company.First, the fiscal 2024 fourth-quarter results it released on Aug. 6 weren’t up to Wall Street’s expectations, and management’s guidance was disappointing. Second, short-seller Hindenburg Research released a report alleging accounting irregularities at Supermicro. Then, Supermicro management announced that it was delaying the filing of its annual report, which only added to…
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Men have been steadily dropping out of the workforce, especially men ages 25 to 54, who are considered to be in their prime working years.According to the U.S. Bureau of Labor Statistics, the unemployment rate for prime-age working men was 3.4% in August 2024. This number primarily includes those who are unemployed and looking for a job. But about 10.5% of men in their prime working years, or roughly 6.8 million men nationwide, are neither working nor looking for employment, compared with just 2.5% in 1954.”The long-term decline in labor force participation by so-called prime-age men is a tremendous worry…
From creation to disposal, Apple has always taken responsibility for its products in all aspects. This time the brand-new iPhone 16 lineup has a 30% reduced carbon footprint. Their latest Product Environmental Report emphasizes sustainability and showcases how smartly they have reduced climate impact, conserved resources, and used safer materials in their design and aesthetics. Eco-Conscious Design with 30% Recycled Materials The first step to sustainability with the iPhone 16 and iPhone 16 Plus is incorporating over 30% recycled or renewables in its design. The company aims to eventually source only sustainable and carbon-free materials while maintaining responsible sourcing of…
62% of Americans own stock, according to a Gallup poll. So are you making the most of your investments?Fidelity Investments VP and financial consultant Ryan Viktorin, CFP, joins Wealth! to discuss her top tips for beginner investors.”I think it’s really important to just zoom out and create a framework for yourself,” Viktorin says. The first step in creating this framework is to narrow down ‘the who, the what, the when.'” Investors should think about whether they’re investing for themselves or for their family, as well as if they’re planning for any milestones like buying a home or retiring.Next, they should…
A major exchange-traded fund and mutual fund manager finds the winning gold trade isn’t talked about as much as the artificial intelligence trade — but maybe it should be.VanEck CEO Jan van Eck thinks the best investment this year is “the hedge against political cycles.” To him, that means investing in gold. “It is quietly the best performing asset this year,” Van Eck told CNBC’s “ETF Edge” from the Future Proof conference in Huntington Beach on Monday.Gold hit another record on Friday, its 37th record this year. As of Friday’s market close, it is up 28% since the start of the year.Van…
SiriusXM Holdings (NASDAQ: SIRI) launched nearly a generation ago with big plans to disrupt media.Fast-forward to 2024 and those plans seem to have mostly fallen flat. Internet-native alternatives like Spotify dwarf SiriusXM in audience size and market cap, and SiriusXM has struggled to break away from the automotive market where it’s most popular.However, SiriusXM just made an unusual move, and some investors seem to think it could be a catalyst for a breakout in the stock.Image source: Getty Images.A spin-off and a reverse stock splitOn Sept. 9, Liberty Media completed its spin-off of Liberty SiriusXM Holdings, which is now known…
Image source: Getty Images Rentokil Initial (LSE:RTO) issued a disappointing trading update earlier this month. But I think the FTSE 100 stock falling over 20% as a result’s an overreaction. As a result, I’ve been buying the stock for my portfolio. Here’s why I think the latest drop’s a buying opportunity as the market’s underestimating the company’s long-term prospects. What’s the problem? The biggest issue with Rentokil’s latest update is the performance of its North America business. The company’s expecting organic sales growth of just 1% during the second half of the year. Sometimes, slow revenue growth can be explained…
By Trevor Hunnicutt WILMINGTON, Del. (Reuters) – U.S. National Security Adviser Jake Sullivan on Saturday said he was worried about escalation between Israel and Lebanon but that the Israeli killing of a top Hezbollah leader brought justice to the Iran-backed group. Sullivan, speaking with reporters in Wilmington, Delaware, said he still sees a path to a ceasefire in Gaza but that the U.S. is “not at a point right now where we’re prepared to put something on the table.” Sullivan said the U.S. is continuing to work with Qatar and Egypt as the two countries talk with Hamas, but that…
Whenever I have spare cash, I invest in companies inside my Stocks and Shares ISA. Eventually, I’d like to live off the passive income generated from this portfolio. However, this isn’t a get-rich-quick strategy. I’m going to have to be patient. But the good news is that small amounts can add up to a surprisingly large amount, given enough time. Passive investing One of the simplest ways to build up a portfolio is through low-cost exchange-traded funds (ETFs). These allow people to invest in multiple stocks, bonds, property, and more, in one fell swoop. Many UK investors gravitate toward the…
By Kuba Stezycki and Kacper Pempel STRONIE SLASKIE, Poland (Reuters) – As water receded in Stronie Slaskie, one of the areas worst-hit by massive floods in south-west Poland, residents and volunteers began clearing up in hope their homes would be liveable before the onset of winter. Parts of the mountain town of 5,000 people were swamped when a dam burst last weekend during Central Europe’s worst floods in more than two decades that have caused billions of dollars of damage and killed at least 24 people. Miroslaw Wegrzyn, 67, who has been running the “Ice Cool” ice cream shop for…