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IR_Stone/iStock via Getty Images Shares of Super Micro Computer (NASDAQ:SMCI) on Wednesday rose as much as 10.5% in extended trading, after the information technology services provider provided strong guidance despite supply constraints. SMCI stock was last up 3.8% to $261.87 after hours. San Jose, Calif.-based Super Micro (SMCI) makes products such as rackmount servers and graphics processing unit (GPU) servers, motherboards and chassis, and ethernet switches and adapters. The company posted FQ1 2024 adjusted earnings per share of $3.43, beating estimates by 18 cents. Revenue rose 14.6% Y/Y to $2.12B, beating expectations by $60M. Semiconductor equipment manufacturers, chipmakers and IT…
A new national poll suggests that independent presidential candidates Robert F. Kennedy Jr. and Cornell West pull support from both President Biden and former President Donald Trump — the two likely major party nominees — in a hypothetical four-way 2024 general election showdown.Biden stands at 47% support and Trump at 46% among registered voters in a Quinnipiac University poll released on Wednesday. The findings are unchanged from Quinnipiac’s August and September surveys.”Democrats support Biden 94 – 4 percent and Republicans support Trump 94 – 4 percent. Independents are split, with 45 percent supporting Trump and 44 percent supporting Biden,” the…
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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Donald Trump Jr distanced himself from the financial statements at the centre of the civil fraud suit threatening his family, saying he relied on outside accountants and the Trump Organization’s former chief financial officer to prepare them.Donald Trump’s eldest son took the witness stand on Wednesday in a trial resulting from a civil lawsuit brought by New York attorney-general Letitia James against the Trump Organization and members of the Trump family. He is to be followed by his brother Eric, his father…
© Reuters. A general view of the Central Bank headquarters building in Brasilia, Brazil February 14, 2023. REUTERS/Adriano Machado/File Photo By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank cut its benchmark interest rate by 50 basis points on Wednesday for the third time in a row and once again signaled more of the same for its upcoming meetings, while also flagging an “adverse” external backdrop. The bank’s rate-setting committee, known as Copom, unanimously reduced its Selic benchmark interest rate to 12.25%, matching the expectations of all 40 economists polled by Reuters. “If the scenario evolves as expected, the committee members unanimously…
© Reuters. Miniatures of windmill, solar panel and electric pole are seen in front of Brookfield Renewable logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Australia’s Origin Energy said on Thursday it had received a sweetened takeover bid from a Brookfield consortium, valuing the power producer at A$16.40 billion ($10.49 billion), days after its top shareholder rejected the previous offer. The consortium led by Canada’s Brookfield is now offering Origin shareholders A$9.53 per share, up 8.2% from the prior offer of A$8.81 apiece, and a 5.1% premium to its last close. “The Origin board unanimously…
© Reuters. A Marathon Oil well site is seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Texas, U.S., May 18, 2020. Picture taken May 18, 2020. REUTERS By Arathy Somasekhar HOUSTON (Reuters) – Marathon Oil (NYSE:) on Wednesday posted a third quarter profit that fell 44% from a year ago as energy prices fell, but results beat Wall Street analysts’ forecasts on higher than expected oil and gas production. Net production for the quarter rose nearly 20% to…
Ryerson acquires stainless steel, aluminum sheet and coil processor TSA
When Donald Trump Jr. took the stand Wednesday afternoon, Assistant Attorney General Colleen Faherty spent her first hour of questions walking through the roles and responsibilities the former president’s son had at the Trump Organization and as a trustee to his father’s revocable trust formed when he entered the White House.Faherty went through Trump Jr.’s progression through the Trump Organization since joining around 2001. He confirmed that he’s been an executive vice president at least since 2011.Trump Jr. reported to his father until 2017, when Donald Trump took office, and he said former Trump Organization Chief Financial Officer Allen Weisselberg would’ve been more senior than him at least until 2013. Trump…
Despite recent customer losses forcing CVS Health (CVS) to slightly reduce its preliminary earnings outlook for 2024, it continues to be well positioned for significant additional cash flow generation ahead.Getty Images CVS Health (CVS) reported Q3 results this morning. Specifically, revenues for the period grew 10.6% from the prior year to $89.76 billion and came in $1.48 billion above the $88.29 billion consensus estimate as the company continued to benefit from solid growth across all of its segments. This was led by its Health Care Benefits segment where solid demand for all of its products drove a 16.9% rise in…