Super Micro Computer Stock Is Rebounding Today. Is It Time to Buy?

Super Micro Computer (NASDAQ: SMCI) stock has been in free fall for the last six months. A myriad of issues related to its accounting practices have spooked investors. After the company announced it would have to delay the release of its 10-K annual report for its fiscal 2024 ended June 30, it also faced the possibility of its stock being delisted from the Nasdaq Stock Exchange. It has now hit

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Seven-year-old coder Sergey gets job offer from Russian IT firm

A Russian software company has invited a seven-year-old coding prodigy to join its management team, as soon as he is old enough to take up paid employment. Sergey from the Russian city of St Petersburg has built a name for himself, uploading videos that explain how to write software since he was five. On the strength of those videos, the information security firm Pro32 sent him a written job offer,

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Bank runs are still a risk to financial system, global agency warns

Breadcrumb Trail Links Finance Banking News Regulators must remain vigilant to prevent repeat of Silicon Valley Bank crisis, Financial Stability Board cautions G20 Get the latest from Barbara Shecter straight to your inbox Sign Up Published Nov 18, 2024  •  3 minute read You can save this article by registering for free here. Or sign-in if you have an account. The head of the global agency for banking stability called

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Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing

After Cobb issued her decision, the CFTC requested that she stay her order while they appealed it. Cobb declined to do so. When the regulator then asked a U.S. federal appeals court to temporarily block the election-related events contracts, the appeals court also declined, issuing a unanimous decision denying the CFTC’s emergency motion to stay and arguing that the CFTC had provided “no concrete basis” to conclude that election contracts

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Boeing to lay off over 2,200 workers in US states of Washington and Oregon By Reuters

By Dan Catchpole, Allison Lampert (Reuters) -Boeing will lay off more than 2,200 workers in the U.S. states of Washington and Oregon, according to filings posted on Monday, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce.  The aerospace giant started telling affected U.S. workers on Wednesday that they will stay on Boeing (NYSE:)’s payroll until Jan. 17, to comply with

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Gemini’s Tyler Winklevoss Blasts SEC Chair Gary Gensler, Calls Him ‘Evil’ With ‘Sociopathic Ambition’

Gemini co-founder Tyler Winklevoss is questioning the moral character of Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC). In a scathing new thread on the social media platform X, Tyler Winklevoss calls Gensler evil with “sociopathic ambition” who should never be in a position of power or influence again. Winklevoss goes on to say that any company, university or organization that works with Gensler after

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