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Javier Santos

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Articles

  • Super Micro Stock Falls Despite CEO's Attempt to Allay Nasdaq Delisting Fears

    Dec 11, 2024 | timesofupdate.com | Javier Santos

    Shares of Super Micro Computer (SMCI) fell more than 9% on Wednesday, extending the previous day's decline despite an apparent attempt by its CEO to allay fears of the stock's possible delisting from the Nasdaq. At Tuesday's Reuters Next conference, CEO Charles Liang said he is confident Super Micro will not be delisted and that the company will meet its new deadline set by Nasdaq for submitting delayed filings to the United States Securities and Exchange Commission.

  • US Supreme Court dismisses case involving securities fraud lawsuit against Nvidia

    Dec 11, 2024 | timesofupdate.com | Javier Santos

    By John KruzelWASHINGTON (Reuters) – The U.S. Supreme Court on Wednesday sidestepped a decision on whether to allow shareholders to pursue a securities fraud lawsuit that accuses artificial intelligence chip maker Nvidia of misleading investors about how much of its sales They depended on the volatile cryptocurrency market. The justices, who heard arguments in the case on Nov.

  • Dow, S&P 500 and Nasdaq rise as CPI inflation hits mark

    Dec 11, 2024 | timesofupdate.com | Javier Santos

    U.S. stocks opened higher on Wednesday as investors digested another month of difficult inflation data that met economists' expectations and likely pointed to an interest rate cut by the Federal Reserve next week. The Dow Jones Industrial Average (^DJI) rose about 0.2%, while the S&P 500 (^GSPC) jumped nearly 0.5%. The tech-heavy Nasdaq Composite (^IXIC) also contributed to the overall gains, rising about 0.8%.

  • November CPI inflation data meets forecasts and solidifies Fed bets on a rate cut

    Dec 11, 2024 | timesofupdate.com | Javier Santos

    New inflation data released Wednesday showed consumer prices rose as expected in November, keeping the Federal Reserve on track to lower interest rates again in December. He latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) rose 2.7% from a year ago in November, a slight rebound from October's 2.6% annual price increase. The annual increase matched economists' expectations.

  • Dow, S&P 500 and Nasdaq in holding pattern with key CPI inflation data on the horizon

    Dec 11, 2024 | timesofupdate.com | Javier Santos

    U.S. stock futures were little changed Wednesday as investors prepared for a consumer inflation report that will set the stage for the Federal Reserve's final interest rate decision of the year. Dow Jones Industrial Average futures (YM=F) and S&P 500 futures (ES=F) wobbled along the flat line. Contracts on the tech-heavy Nasdaq 100 (NQ=F) added about 0.2%.

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