Super Micro Computer (SMCI) has endured a volatile period driven by accounting concerns, regulatory scrutiny, canceled contracts, and controversy surrounding former employees. But with its Q1 print on May 5, SMCI finally gave investors a reason to focus on its business rather than the headlines. Investors cheered the Q1 report which showed improving margins, strong…
What happened: Hims & Hers Health (HIMS) stock sank 15% on Tuesday. What’s behind the move: The telehealth company reported a quarterly loss and sales that missed Wall Street expectations amid higher costs following the health platform’s pivot to branded weight-loss medications. First quarter revenue of $608 million came in below the consensus estimates of…
Kreston Global has expanded its international network with the admission of Nepal-based accounting practice SAR Associates as its newest member. SAR Associates is headquartered in Kathmandu and operates as a chartered accountancy practice providing audit, tax and advisory services. The company, founded in 2002, works with clients across sectors such as banking and financial services,…
HSBC has hosted a closed-door meeting with senior figures from major UK banks as regulators and investors intensify calls for clearer reporting on climate-related risks within lenders’ loan portfolios, the Financial Times reported citing unnamed sources. The report said representatives from HSBC, Barclays, Santander, NatWest and Lloyds gathered at HSBC’s Canary Wharf offices last week…
May 12 (Reuters) – India’s retail inflation INCPIY=ECI quickened to 3.48% in April, driven by dearer food prices, government data showed on Tuesday, with the outlook clouded by risks from rising energy costs tied to the Middle East conflict. A Reuters poll had projected retail inflation at 3.8%. COMMENTARY: SHOBHIT AGARWAL, CEO, ANAROCK CAPITAL, MUMBAI…
What happened: GameStop (GME) stock fell 4% in premarket trading on Tuesday. What’s behind the move: Online marketplace eBay (EBAY) rejected the video game retailer’s unsolicited $56 billion bid. In a letter to GameStop’s chairman and CEO Ryan Cohen, eBay’s chairman of the board of directors wrote, “The Board, with the support of its independent…
What happened: GameStop (GME) stock pared losses to drop 2% on Tuesday. What’s behind the move: Online marketplace eBay (EBAY) rejected the video game retailer’s unsolicited $56 billion bid. In a letter to GameStop CEO Ryan Cohen, eBay board of directors chair Paul Pressler wrote, “We have concluded that your proposal is neither credible nor…
By Stefano Rebaudo May 12 (Reuters) – The U.S. dollar extended gains for a second straight session on Tuesday, underpinned by sustained uncertainty over the Middle East conflict that drove investors into the greenback as a traditional safe haven. The greenback rose sharply in March as the currencies of oil-reliant economies such as Japan and…
Woking, United Kingdom-based Linde plc (LIN) operates as an industrial gas company worldwide. The company has a market cap of $228 billion and offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene. LIN shares have lagged behind the…
Offshore wind farm generating clean renewable energy Aire Images/Getty Images Infrastructure secondaries fundraising and dealmaking have set new records, as investors build a market around a long-standing mismatch between private market fund cycles and asset lifespans. Fundraising for the asset class reached a record $11.5 billion globally last year, driven by a handful of larger…
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