By Jonathan Stempel NEW YORK (Reuters) – Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion firm and cost its lenders more than $10 billion, federal prosecutors said on Friday. Hwang, 60, faces a scheduled Nov. 20 sentencing in Manhattan federal court after being convicted in July on 10 criminal charges including securities and wire fraud and racketeering conspiracy. Prosecutors accused Hwang of lying to banks about Archegos’ portfolio so he could borrow money aggressively and make concentrated bets on media and technology…
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Super Micro Computer (SMCI) faces a potential delisting from the Nasdaq due to delays in filing its financial statements. The company has until November 16 to submit a plan for regaining compliance after its auditor, Ernst & Young, resigned in October. Defiance ETFs CEO and CIO Sylvia Jablonski joins Morning Brief Anchors Seana Smith and Brad Smith to discuss the outlook for Super Micro and its investors. “They’re in the right place at the right time with the right product and the right ecosystem,” Jablonski said. The reports are holding the company back because they raise questions about whether the…
You need to keep up on Warren Buffett stocks, because while the Berkshire Hathaway (BRKB) chief sticks to a winning investing formula, that doesn’t mean sitting still. ↑ X NOW PLAYING Warren Buffett Vs. IBD Methodology: Finding The Right Investing Approach For You In the third quarter of 2024, Buffett’s Berkshire further slashed its massive Apple (AAPL) stake by 25%, or 100 million shares, leaving it with 300 million shares in the iPhone maker. Berkshire Hathaway also sold Bank of America (BAC), another major holding. Among other key Q3 moves, the conglomerate bought Domino’s Pizza (DPZ) and Pool Corp. (POOL) for…
Investors thought they had the whole “Trump Trade” figured out, until, unfortunately, they didn’t. Stocks and other risky assets rallied strongly in the wake of Donald Trump ‘s decisive triumph in the Nov. 5 presidential election as markets bet on expansionary fiscal policy and easing regulations that would spark another leg up for Wall Street and Main Street as well. However, the narrative has shifted over the past several days. What had been high hopes for growth morphed into worries about inflation and how the Federal Reserve might respond. Consequently, major averages have taken out a good share of the…
By Andrea Shalal WASHINGTON (Reuters) – U.S. Muslim leaders who supported Republican Donald Trump to protest against the Biden administration’s support for Israel’s war on Gaza and attacks on Lebanon have been deeply disappointed by his cabinet picks, they tell Reuters. “Trump won because of us and we’re not happy with his secretary of state pick and others,” said Rabiul Chowdhury, a Philadelphia investor who chaired the Abandon Harris campaign in Pennsylvania and co-founded Muslims for Trump. Muslim support for Trump helped him win Michigan and may have factored into other swing state wins, strategists believe. Trump picked Republican senator…
Annabelle Chih / Bloomberg / Getty Images Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024 Super Micro Computer (SMCI) shares soared over 18% in extended trading Friday following reports the company is expected to file a plan for its delayed annual report by Monday that could help it avoid delisting. Supermicro said it received a letter from the Nasdaq on Sept. 17 warning it would be delisted if it does not file the delinquent report or submit a plan within 60 days, or by Nov. 16, with the weekend deadline making…
Jeffrey Sagansky, a director at WillScot Holdings Corp (NASDAQ:WSC), has acquired 5,000 shares of the company’s common stock. The transaction, valued at approximately $171,525, was executed at a price of $34.305 per share. This purchase increases Sagansky’s total holdings to 2,429,832 shares. WillScot Holdings Corp, known for its services in miscellaneous equipment rental and leasing, is headquartered in Phoenix, Arizona. The acquisition reflects Sagansky’s continued investment in the company, which has undergone several name changes in its corporate history, including WillScot Mobile Mini (NASDAQ:) Holdings Corp and Double Eagle Acquisition Corp (NASDAQ:). In other recent news, WillScot Corporation reported a…
Protesters have stormed the regional parliament in Abkhazia, forcing the government to halt an investment deal with Russia that some fear will spoil the breakaway Georgian region’s natural beauty.The Black Sea separatist region is backed by Moscow but recognised as part of Georgia by most of the world. It has been thrust into turmoil over concerns that a proposed investment deal with Russia could lead to apartment complexes mushrooming in a region known for its natural beauty and beaches.Russian news agencies posted videos showing hundreds of demonstrators barging into the regional parliament on Friday, where lawmakers had gathered to discuss…
ROCHESTER, N.Y. — This consumer alert is all about women and investing. Women make 84 cents to every dollar men make but live six to eight years longer. That’s why investing is so important.News10NBC’s Deanna Dewberry recently chatted with Lorna Kapusta, the Head of Women and Engagement with Fidelity Investments.Lorna Kapusta: “Seven in 10 women are investing in the stock market, and that is up 18 points year over year. So that’s really awesome news. What we’ve seen over the last couple of years is young women, Generation Z is leading the way with the most women investing. But what we…
Steven Leonard Chapman, the CEO and President of Natera, Inc. (NASDAQ:NTRA), has recently sold a significant portion of his common stock holdings in the company. According to a recent SEC filing, Chapman sold a total of 4,728 shares on November 15, 2024. The transactions were executed at prices ranging from $144.44 to $150.00 per share, amounting to a total value of approximately $692,209. These sales were conducted under a Rule 10b5-1 trading plan, which Chapman adopted on December 11, 2023. Following these transactions, Chapman retains ownership of 185,034 shares in Natera. The company’s shares are traded on the NASDAQ under…