DIRS.INFO The most relevant business & tech news

☆ Lightning Round: Super Micro is still a sell due to accounting irregularities
▼ + stars: | 2024-11-14 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Super Micro is still a sell due to accounting irregularities'Mad Money' host Jim Cramer weighs in on stock including: Altria, Super Micro, Boeing, Becton Dickinson and more.

Persons: Jim Cramer, Becton Dickinson Organizations: Micro, Boeing

☆ Wholesale prices rose 0.2% in October, in line with expectations
▼ + stars: | 2024-11-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Wholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December, the Bureau of Labor Statistics reported Thursday. On a 12-month basis, headline wholesale inflation was at 2.4%. Excluding food and energy, core PPI rose 0.3%, also one-tenth more than September and also matching expectations. Services rose 0.3% on the month, accounting for most of the PPI increase, and was driven largely by a 3.6% surge in portfolio management prices. Goods prices nudged higher by 0.1% after falling the previous two months.

Persons: Dow Organizations: Federal Reserve, of Labor Statistics, PPI, Traders, Labor Department

☆ Cramer's Lighting Round: 'I'm not going to recommend' Altria
▼ + stars: | 2024-11-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Altria's year-to-date stock performance. Stock Chart Icon Stock chart icon Boeing's year-to-date stock performance. Stock Chart Icon Stock chart icon Becton Dickinson's year-to-date stock performance. Stock Chart Icon Stock chart icon IDEAYA Biosciences' year-to-date stock performance. Stock Chart Icon Stock chart icon AstraZeneca's year-to-date stock performance.

Persons: I'm, Becton, Becton Dickinson, Robert F, Kennedy Jr Organizations: Boeing, HHS, Biosciences, IDEAYA Biosciences, AstraZeneca

Price growth ticked higher in October as voters began casting ballots in a presidential election in which economic concerns played a big role. The consumer price index climbed to 2.6% last month since the same time last year, the Bureau of Labor Statistics reported Wednesday. Stock futures turned higher, while traders bid up the price of government bonds. All-important shelter costs rose 0.4% from September to October, accounting for over half the monthly gains, the BLS said. Over the past four years, consumer prices have cumulatively increased about 20%, with the costs of many other goods and services rising even faster.

Persons: That's, Joe Biden’s, ” Kathy Jones, Charles Schwab, ”, Donald Trump, Trump, Jerome Powell Organizations: of Labor Statistics, BLS, Charles, Charles Schwab Center, Financial Research, ” Voters, White House, Trump, Investors, Adobe, National Retail Federation, Peterson Institute for International Economics, Citi Locations: —

☆ Oil giant Shell wins appeal against landmark Dutch climate ruling to slash emissions
▼ + stars: | 2024-11-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

A Dutch court on Tuesday ruled to dismiss a landmark climate ruling against Shell , after the oil giant was ordered to drastically reduce its global carbon emissions back in 2021. In May 2021, The Hague district court ruled that Shell must reduce its greenhouse gas emissions by 45% from 2019 levels by 2030. Shell's lawyers said demands for companies to curb greenhouse gas emissions could not be made by courts, but only by governments, Reuters reported. The company also said the court ruling would force it to shrink its business without any benefit to the fight against climate change. The burning of coal, oil and gas is by far the largest contributor to the climate crisis, accounting for more than three-quarters of global greenhouse gas emissions.

Persons: Milieudefensie Organizations: Shell, Pernis, Reuters Locations: Rotterdam, Netherlands, Azerbaijan, The Hague, Paris, Hague

☆ Boeing got the easy part done. Now comes the tougher, existential problems
▼ + stars: | 2024-11-12 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

But its more serious problems – ongoing massive losses, quality and safety problems – are as bad as ever, and could even get worse. Renewed problems in ChinaAmong the most serious problems Boeing faces is President-elect Donald Trump’s promise to impose large tariffs on imports from China. “There needs to be a full accounting for everything they do.”Need for new planesAnd there’s yet more mess Boeing needs to sort out. Ortberg told investors last month that Boeing needs to reduce its portfolio and repair its balance sheet so that Boeing has “a path to the next commercial aircraft.”The good news for Boeing is it is in little danger of going out of business, despite its many problems. And Airbus has a backlog of orders stretching back years, as does Boeing, so airline customers can not easily switch orders from one to the other.

Persons: New York CNN —, It’ll, Kelly Ortberg, “ We’re, Donald Trump’s, Trump’s, ”, Richard Aboulafia, Max, “, Ortberg Organizations: New, New York CNN, Boeing, Trump, Airbus, Federal Aviation Administration, Alaska Airlines, FAA, Alaska Locations: New York, China

☆ This Australian quit her job at 24 and started a business out of her parents' garage—now, it brings in over $100 million a year
▼ + stars: | 2024-11-12 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +9 min

Jane Lu with her parents. Courtesy of Jane Lu. Quitting her corporate job in secretAs Lu realized that she loved running a business, she also began feeling very unhappy in her corporate role. Revealing the secretOver the span of the first two years building Showpo, Lu kept it a secret that she had quit her corporate finance job. "I remember us having half a million dollars sitting in stock, and I was like: 'Okay, worst case scenario, I can sell all of this and start another business,'" Lu said.

Persons: Jane Lu, Lu, Lu didn't, couldn't, Young —, Fat, Jane, I've, I'm, Showpo's, Boye, Showpo, they've Organizations: Showpo, CNBC, KPMG, Ernst Locations: Australia, China, Sydney

☆ Why Ralph Lauren, the all-American luxury brand, is a hit in China
▼ + stars: | 2024-11-10 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

Classic luxury, which Ralph Lauren encapsulates, is resonating with Chinese consumers. "I've said it before but it bears repeating in a volatile environment, Ralph Lauren is firmly on offense," Patrice Louvet, the CEO of Ralph Lauren, said on a conference call with analysts on Thursday. Ralph Lauren classics like Polo shirts and cable-knit sweaters are a hit with Chinese consumers. Ralph Lauren targets Chinese consumers in six key cities and on local Chinese social media platforms. Sebastian Ng/SOPA Images/LightRocket via Getty ImagesWith its brick-and-mortar stores, Ralph Lauren has prospered by doing more with less.

Persons: Ralph Lauren, —, Ralph Lauren's, I've, Patrice Louvet, Xi Jinping's, Neil Saunders, Edward Berthelot, Martin, Louvet, Ralph Lauren doesn't, Zers, Sebastian Ng, Olivia Plotnick, Roll, Donald Trump's, It's Organizations: Service, New, GlobalData, McKinsey, Getty, Wai, China Locations: Asia, China, New York City, China China, Tokyo, Seoul, Shanghai, Milan, China —, Beijing, Chengdu

☆ Ancient DNA reveals surprises about bodies found together in Pompeii
▼ + stars: | 2024-11-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Over time, Pompeii was forgotten, and it wasn’t until centuries later that excavations unearthed evidence of the tragic event. Archaeological Park of PompeiiAncient DNA sequenced from bone fragments preserved within the plaster casts at the Pompeii site has upended some long-held assumptions about bodies found together. Other worldsAstronomers have been searching the Kuiper Belt on the edge of our solar system for a hidden ninth planet for more than a decade. CNN/Adobe StockFor years, astronomers have searched the edge of our solar system for evidence of an unseen world called Planet Nine. They find wonder in planets beyond our solar system and discoveries from the ancient world.

Persons: Giuseppe Fiorelli, “, ” Aaron Fowler, Lady Chenet, embalmers, Ashley Strickland, Katie Hunt, Jackie Wattles Organizations: CNN, Australian Broadcasting Corp . Local, Chicago’s Field, Adobe, NASA, CNN Space, Science Locations: Beach, Denmark, Western Australia, Antarctica, Colombia, Poland

☆ Study maps how nonprofit religious groups set up facilities near abortion clinics
▼ + stars: | 2024-11-08 | by ( Abigail Brooks | Abigail Brooks Is A Producer For Nbc News. | ) www.nbcnews.com time to read: +14 min

While crisis pregnancy centers’ pattern of locating near abortion facilities is well documented, the new research, published in the peer-reviewed Journal of Medical Internet Research, maps women’s geographic access to both crisis pregnancy centers and abortion facilities. The new study found that in 2021, crisis pregnancy centers outnumbered abortion clinics 3-to-1 in the U.S., but acknowledged that the figure is probably greater now post-Dobbs. On average, the distance between crisis pregnancy centers and abortion facilities in the U.S. was 5.5 miles. Abortion clinics offer other health careAbortion-rights advocates say that when communities lose abortion clinics, they also lose access to other health care services for women. Crisis pregnancy centers outnumber abortion clinics 9 to 1 in Texas, according to the crisis pregnancy center study.

Persons: ”, Christina Villarreal, Mary Jane Maharry, “, ” Brian Westbrook, Dobbs, Andrea Swartzendruber, Danielle Lambert, ” Swartzendruber, Lambert, CPCs, ’, Swartzendruber, ” Lambert, “ They’re, you’re, Andrea Trudden, Roe, Ashley Underwood, “ We’re, couldn’t, ” Underwood, Wade, Nikki Madsen, we’ve, ” Madsen, they’ve, We’re, Donald Trump’s, Biden Organizations: Parenthood Health Center, Southwest Missouri, Coalition Life, NBC News, Medical Internet Research, “, University of Georgia College of Public Health, American College of Obstetricians, CPC, Communications, Heartbeat, United States, Equity, NBC, National Abortion Federation, Abortion Care Network, X, Obria Locations: Carbondale , Illinois, Illinois, Flossmoor , Illinois, Louis Region, Southwest, Fairview Heights , Illinois, Missouri, U.S, United, Louisiana, Florida , Missouri, North Carolina , Tennessee, Texas

☆ Starbucks and Luckin are in a fight for the global coffee market. I visited both to see how they stack up on price, menu, and vibe.
▼ + stars: | 2024-11-07 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +8 min

Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US. The chain is known for its aggressive deals, unusual flavors like a Big Cheese coffee drink, and mobile ordering. Luckin versus StarbucksI started at Luckin Coffee. Aditi BharadeThe most expensive drink on the menu was an Iced Oat Shakerato listed for 8 Singapore dollars, or $6. Representatives for Luckin Coffee didn't respond to a request for comment from BI for this story.

Persons: —, Brian Niccol, Niccol, Luckin, Aditi Bharade, Rachel Ruggeri, Ruggeri, It's, David Yu, Jiang, it's, Tiruchelvam, Yu Organizations: Starbucks, Service, Business District, Staff, Singapore, Luckin, BI, Bros, NYU, Aletheia Capital Locations: Asia, China, Singapore, Beijing, United States

☆ The Gen Z Gospel of Wealth: Manifesting on TikTok
▼ + stars: | 2024-11-07 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +8 min

Sarah Perl, who goes by the TikTok handle @hothighpriestess, says she has a successful career and relationship because she manifested both. Many of her recent posts focus on manifesting love, and they're particularly aimed at young women who want romantic relationships with men. She's not just saying that to the universe; she's feeding the TikTok algorithm, which likely sends her content to other young women. "I view manifesting almost like the For You page: Where you put your attention is where your life will end up going." For Gen Z, the divide between the divine and the digital can be razor thin.

Persons: Sarah Perl, She's, journaling, Ariana Grande, Gen, Zers, Z, Gen Zers, Amy Wu, Wu, they're, Sydney Stanback, Stanback, Shanna Watkins, Watkins, affirmations, ChatGPT, Emily McDonald, TikTok, isn't Organizations: Dua, Survey Center, University of Queensland Locations: Los Angeles, Dua Lipa, Dallas, Australia

☆ How Trump's victory could change abortion rights in America
▼ + stars: | 2024-11-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Voters in seven out of 10 states approved ballot measures this week to safeguard abortion rights, a hot-button issue that helped drive Americans to the polls. Trump has waffled considerably on his position on abortion, most recently saying he would not support a federal ban and wants to leave the issue up to the states. "The more restrictions we see on abortion over the next four years, the worse health outcomes are going to be. People are suffering and dying unnecessarily," said Katie O'Connor, senior director of federal abortion policy at the National Women's Law Center. At least 70% of Americans oppose a federal ban on abortion or a ban on the procedure at six weeks.

Persons: Donald Trump, Donald Trump's, Trump, Katie O'Connor, Roe, Wade, O'Connor Organizations: Washington , D.C, National Women's Law, PBS, Associated Press, NORC, for Public Affairs Research, Guttmacher Institute Locations: Washington ,, U.S, telehealth

To lower housing costs, Trump has said he would allow homes to be built on federally protected land, something that could help increase the supply of homes in places like Nevada and Arizona. TaxesTrump has proposed a number of tax cuts, including a complete elimination of the federal income tax. Those cuts lowered the corporate tax rate to 21% from 35%, reduced individual income tax rates, and increased the standard deduction. That could create havoc for workers and consumers and reduce the amount of income taxes the federal government brings in. About 40% of Social Security recipients pay federal income taxes, typically because they have other sources of income that raise them above a certain threshold where they are required to pay income tax, according to the Social Security Administration.

Persons: Donald Trump, Trump, —, ” Trump, “, Decker, Matt Priest, ”, Priest, It’s, He’s, hasn’t, Immigration Trump, Jim Tobin, Trump’s Organizations: Trump, Chicago Economic, Companies, National Bureau of Economic Research, Footwear Distributors, Retailers, U.S, Federal Reserve, Immigration, Business, Pew Research Center, NBC News, National Association of Home Builders, NBC, University of New, University of Pennsylvania, Social Security, Social, Social Security Administration Locations: U.S, China, Nevada, Arizona, Alaska, Saudi Arabia, Russia, University of New Hampshire

☆ Workers in Missouri can look forward to raises after minimum wage boosts were passed
▼ + stars: | 2024-11-06 | by ( Juliana Kaplan | Matthew Loh | ) www.businessinsider.com time to read: +3 min

In Missouri, voters opted to raise the minimum wage. In Massachusetts, workers who rely on tips could see a bump in their base pay, while minimum wage workers in three other states could see a broad pay bump. Related VideoMissouriIn Missouri, voters have opted to raise the state's minimum wage to $15 by 2026. His opponent, Vice President Kamala Harris, has pledged support for raising the federal minimum wage from $7.25 to $15 an hour. "Raising the minimum wage will increase people's ability to shop at our business and local businesses across Missouri.

Persons: —, Donald Trump, Kamala Harris, David Burmeister, Louis, We've Organizations: Workers, Service, New York Times, Missouri, Midwest Pasta Co, Employees Locations: Alaska , California , Massachusetts, Missouri, — Massachusetts, California, Alaska, Massachusetts, Arizona, St

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy U.S. states are in financial troubleTwenty-seven U.S. states lack the cash to repay their debts, according to researchers at Truth in Accounting. The debts relate to public pension systems, which provide lifetime benefits to state and local government employees. About $800 billion in federal aid during the pandemic obfuscated the long-term challenges of states. As that extra aid expires economically powerful states are tightening their budgets. That could lead to tax hikes or cuts to public services like education and transportation.

Organizations: Truth

☆ Here's what President-elect Trump's tariff plan may mean for your wallet
▼ + stars: | 2024-11-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Trump's plan would reduce average after-tax incomes by almost 3%, according to the tax think tank. "If we get tariffs, we will pass those tariff costs back to the consumer," Daniele said in September. A back-of-the-envelope calculation suggests a 10% across-the-board tariff would be roughly equivalent to a $320 billion tax on consumers, Cross said. "The administration could take tariff revenue and redistribute to households via tax cuts in some form or another," explained Pugliese of Wells Fargo. However, the typical U.S. household would still lose $2,600 a year from Trump's tariff plan, even after accounting for an extension of the 2017 tax cuts, according to an analysis by the Peterson Institute for International Economics.

Persons: Donald Trump, Scott Olson, Biden, Trump, There's, Mark Zandi, didn't, Mike Pugliese, Moody's, Philip Daniele, Daniele, Olivia Cross, Cross Organizations: Getty, NBC, Trump, CNBC, Tax, National Retail Federation, Wells, Wells Fargo Economics, U.S, AutoZone, Capital Economics, U.S ., Peterson Institute for International Economics Locations: Grand Rapids , Michigan, Mexico, Wells Fargo, U.S, North America

☆ Super Micro shares plummet 18% after financial update heightens investor concerns
▼ + stars: | 2024-11-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Super Micro shares plunged 18% on Wednesday to their lowest level since June of last year after the embattled server maker issued disappointing unaudited financials and failed to provide specifics plans to keep its Nasdaq listing. Super Micro hasn't filed audited financials since May and is at risk of being delisted by Nasdaq if it doesn't report results for the latest fiscal year to the SEC by mid-November. CEO Charles Liang said Super Micro was actively in the process of hiring a new auditor. For the quarter ending Sept. 30, Super Micro said it generated net sales of between $5.9 billion and $6 billion.

Persons: Charles Liang, financials, Ernst & Young, Ernst, Liang Organizations: Super, Computer Inc, Super Micro, Nasdaq, Micro, Ernst, SEC, Mizuho Locations: Taipei, Taiwan

☆ Workers in Missouri can look forward to raises after minimum wage boosts passed
▼ + stars: | 2024-11-06 | by ( Juliana Kaplan | Matthew Loh | ) www.businessinsider.com time to read: +4 min

In Missouri, voters opted to raise the minimum wage. Related VideoMissouriIn Missouri, voters have opted to raise the state's minimum wage to $15 by 2026. His opponent, Vice President Kamala Harris, has pledged support for raising the federal minimum wage from $7.25 to $15 an hour. MassachusettsIn Massachusetts, tipped workers won't see their pay slowly rise to meet the state's minimum wage. Massachusetts tipped workers would have had their hourly paychecks shake out to 64% of the state's minimum wage in addition to tips.

Persons: —, Donald Trump, Kamala Harris, David Burmeister, Louis, We've Organizations: Workers, Service, New York Times, Missouri, Midwest Pasta Co, Employees, The New York Times Locations: Alaska , California , Massachusetts, Missouri, — Massachusetts, California, Alaska, Massachusetts, Arizona, , Massachusetts, St, Arizona In Arizona

☆ Why state governments are tightening their budgets
▼ + stars: | 2024-11-06 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +1 min

Many state governments in the U.S. are working with less room in their budgets. The federal government put over $800 billion to help state governments navigate the pandemic. Virtually every state also increased employee pay for public employees," said Justin Theal, a senior officer at The Pew Charitable Trusts' Fiscal 50 project. Emerging risks, including an aging population, deferred maintenance on infrastructure and more extreme weather threaten state budgets moving forward. Watch the video above to learn more about the fiscal health of state governments.

Persons: Justin Theal, Oliver Giesecke Organizations: Charitable, Stanford University's Hoover Institution Locations: U.S, Connecticut , New Jersey , Illinois , Massachusetts, California

☆ More Iran sanctions and 'drill baby, drill': Oil market's future is still uncertain under Trump
▼ + stars: | 2024-11-06 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Luke Sharrett | Bloomberg | Getty ImagesU.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices. At the same time, the increased likelihood of trade wars under Trump could dampen global economic growth and slow oil demand. "But medium-term downside risk to oil demand and thus oil prices from downside risk to global GDP from a potential escalation in trade tensions." watch nowTrump expressed his enthusiasm for increased U.S. oil production while giving a speech from the Republican campaign headquarters in Florida on Wednesday, just hours before his victory was confirmed. "The only thing that will cause drill baby drill to happen is higher oil prices based on these margins."

Persons: St, Luke Sharrett, Donald Trump, it's, Trump, Goldman Sachs, Robert F, Kennedy, Jr, Bobby, Biden, Cole Smead, Smead, Patrick Pouyanne Organizations: Chevron Corp, Bloomberg, Getty, Trump, Republican, West Texas Intermediate, Brent, Smead, Energy Information Administration, CNBC, doesn't Locations: Malo, Gulf of Mexico, Louisiana, U.S, Iran, Florida, Saudi Arabia, Russia, Abu Dhabi

☆ Opinion | What We Can Learn From How Kamala Harris Lost
▼ + stars: | 2024-11-06 | by ( Tressie Mcmillan Cottom | ) www.nytimes.com time to read: +2 min

There will be a lot of accounting of why Harris came so close but did not close the deal. I know the fundamentals of how and why Trump exists — I’ve written about them too many times to count — and I know that nothing about those fundamentals has changed. This election was about who told a better story about the fundamentals without promising anything to fix those fundamentals. I know that most Americans are center-right and that the left has not yet built the power base necessary to make most Americans center-left. She was always going to be the only legitimate candidate in a race against Donald Trump, a felon and self-aggrandizing political troll.

Persons: Harris, Trump, —, Donald Trump Locations: vacuums

☆ Crypto's $245 million campaign finance operation filled airwaves with ads not about crypto
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Stand With Crypto's bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. LAS VEGAS — In Nevada's 4th Congressional District, a crypto PAC spent nearly $2 million on ads this cycle to support the reelection of Steven Horsford, a Democratic congressman who's voted in favor of some major pro-crypto bills. "He's leading on jobs, bringing good paying union jobs to Nevada and rebuilding our infrastructure," one 30-second commercial says. "He capped insulin prices at $35 a month," and "worked multiple jobs to support his hard working single mother and siblings in Congress." Fairshake was the largest crypto-aligned super PAC in the 2024 election cycle, spending piles of cash to support crypto allies and vote out antagonists across the country.

Persons: Steven Horsford, who's, Fairshake, Crypto, Elon Musk, Donald Trump, Kamala Harris, Coinbase Organizations: LAS, Congressional, PAC, Democratic, Public, Elon, Republican, Industry, Crypto Alliance, House Locations: Phoenix, Las Vegas, Nevada

☆ 6,000-year-old symbols linked to the world’s oldest writing system
▼ + stars: | 2024-11-05 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

CNN —Researchers have uncovered links between the precursor to the world’s oldest writing system and the mysterious, intricate designs left behind by engraved cylindrical seals that were rolled across clay tablets about 6,000 years ago. Scholars consider cuneiform the first writing system, and humans used its wedge-shaped characters to inscribe ancient languages such as Sumerian on clay tablets beginning around 3400 BC. The writing system is thought to have originated from Mesopotamia, the region where the world’s earliest known civilization developed that’s now modern-day Iraq. “This gap in the origin story — where do the nonnumerical proto-cuneiform signs come from — was left unresolved,” Johnson said. Correlating seal motifs (left) with proto-cuneiform pictographs could help researchers decipher hundreds of the symbols whose meaning is still unknown.

Persons: ”, Silvia Ferrara, “, ” Ferrara, Ferrara, Kathryn Kelley et, Kathryn Kelley, Kelley, Mattia Cartolano, Eckart Frahm, John M, Musser, Frahm, ” Frahm, J, Cale Johnson, Johnson, —, ” Johnson Organizations: CNN —, University of Bologna, Civilizations, Yale University, Freie Universität Locations: Mesopotamia, Iraq, Uruk, Iran, Turkey, Asia, Eastern, Freie Universität Berlin

☆ Super Micro says board found 'no evidence of fraud,' still has no timetable for annual results
▼ + stars: | 2024-11-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Super Micro shares plummeted last week after Ernst & Young, the company's auditor, resigned. CEO Charles Liang said Super Micro was actively in the process of hiring a new auditor. Super Micro shares soared 246% last year after jumping 87% in 2023. WATCH: Super Micro shares down on earnings

Persons: Charles Liang, unaudited, Ernst & Young, Ernst, Liang, LSEG Organizations: Super, Computer Inc, Nasdaq, Super Micro, Micro, SEC, Ernst, Company Locations: Taipei, Taiwan

Search resuls for: "ACCOUNTING"

25 mentions found