Super Micro’s stock just got downgraded for these four reasons
Barclays worries about three trends in the server maker’s business, plus inadequate investor transparency.
Barclays worries about three trends in the server maker’s business, plus inadequate investor transparency.
Amid mounting concerns about the spread of mpox, an experimental vaccine from Moderna may be poised to offer additional protection beyond currently available vaccines, research published Wednesday shows.
Orders for U.S. manufactured goods rose 5% in July, the Commerce Department said Wednesday. The gain follows two straight monthly declines.
Job openings in the U.S. fell to the lowest level in three and a half years and returned to prepandemic levels in another sign the labor market has softened and that work is not as easy to find.
“Right now, I am not quite prepared to declare victory over inflation,” Bostic says.
Core & Main Inc.’s stock fell about 13% on Wednesday after the St. Louis-based water, wastewater and drainage-supply distributor’s earnings fell short of analyst estimates and warned that “significant weather disruptions” have impacted its business.
Volvo Cars said concerns about tariffs, the withdrawal of government incentives, and a lack of charging infrastructure had led to it weakening ambitions it first set out in 2021
The buyout bid values Nordstrom at $3.76 billion.
Investors need more confidence in the gross-margin trajectory once Blackwell volumes ramp up, and they’ll also be looking for more proof that AI is generating customer returns.
Lyft disclosed Wednesday a restructuring of its bikes and scooters operation, which will lead to some job cuts and a charge of up to $46 million.
Trade gap hits $78.8 billion as imports surge
expenditures are high and projected to rise because national healthcare costs are out of control
Retailer posts “very strong” results.
Commodities have declined in the third quarter, marked by hefty losses in oil and copper, as downbeat economic data from China and the U.S. fuel worries about a slowdown in demand.
Dollar Tree cited increasing pressure on its middle- and higher-income customers.
Billions of dollars in losses crush innovation. Round up the usual venture capital suspects.
Oil futures rose modestly Wednesday, stabilizing a day after weak U.S. manufacturing data triggered a widespread selloff.
Despite unwillingness to police itself, tech giants want to create rules governing digital transformation and artificial intelligence.
Mortgage applications rose 1.6% in the last week, the Mortgage Bankers Association said.
Chief Executive David Burritt says U.S. Steel needs $3 billion in upgrades to compete.