Super Micro Computer’s stock plummeted by as much as 23% on Friday amid investor concerns regarding the forthcoming earnings report’s strength. Although Super Micro Computer revealed plans to unveil its third-quarter earnings results on April 30, it opted not to preannounce earnings as it did for the second-quarter earnings in January. Typically, companies issue preannouncements … Read more
US stocks plunged on Monday as bond yields surged and investors monitored the aftermath of Iran’s attack on Israel and ongoing corporate earnings releases. The S&P 500 (^GSPC) dipped below the 5,100 mark, ending the day down 1.2%. This two-day decline of 2.6% marks the steepest drop in over a year. The Dow Jones Industrial … Read more
A Powerball player has claimed a $1.3 billion jackpot, marking the end of a winless streak lasting over three months. 22, 27, 44, 52, 69, and the red Powerball 9. This are the winning numbers drawn early Sunday morning The latest drawing broke a streak of 41 consecutive Powerball drawings without a jackpot winner, equalling … Read more
The Powerball jackpot has surged to $1.23 billion, with a cash value of $595.1 million, for the upcoming Saturday night’s drawing, following the absence of a jackpot-winning ticket in Wednesday night’s draw. The jackpot stood at $1.09 billion, with a cash value of $527.3 million, for the Wednesday night drawing. Winning numbers for the April … Read more
Elon Musk, CEO of Tesla and owner of X (formerly Twitter), announced his intention to buy Disney (DIS) shares if activist investor Nelson Peltz secures a seat on the media and entertainment giant’s board. Musk endorsed Peltz’s potential influence on Disney’s board, stating on Wednesday, “Nelson Peltz would undoubtedly bring valuable contributions to the Disney … Read more
Former President Donald Trump’s social media enterprise reported a loss exceeding $58 million for the previous year, causing its stock to plummet by over 21%. This downturn occurred just days after its impressive initial public offering valued the company at over $8 billion. Trump Media & Technology Group, the parent company of Truth Social, disclosed … Read more
The Bank of England is investigating allegations that Metro Bank, a high street lender, jeopardized customers’ data security by allegedly mishandling software involved in a prolonged legal dispute. Last month, the central bank’s whistleblowing unit received a report from an individual expressing concerns regarding the reliability and safety of the software utilized to link known … Read more
On Thursday, former cryptocurrency tycoon Sam Bankman-Fried received a 25-year prison sentence for his involvement in one of the largest financial frauds in U.S. history. Convicted in November on multiple counts including fraud, conspiracy, and money laundering, Bankman-Fried, 32, faced severe sentencing, potentially up to 110 years according to federal guidelines. Prosecutors urged Judge Lewis … Read more