Author: Jamie Carpenter

Super Micro Computer (SMCI) stock jumped over 30% on Monday, as the company announced that an independent review found no evidence of fraud or misconduct. The server maker, which partners with Nvidia (NVDA) for AI-enabled high-tech servers, made the announcement amid ongoing efforts to regain compliance with Nasdaq listing requirements. Investigation Details The investigation, which lasted over three months, included 68 interviews with current and former employees, management, board members, and advisers. In its filing to the SEC, Super Micro stated: “The evidence reviewed by the Special Committee does not give rise to any substantial concerns about the integrity of…

After over five years of intensive restoration work, Notre Dame Cathedral unveiled its rebuilt ceilings and meticulously cleaned stonework on Friday, marking a monumental step in its recovery from the devastating fire of 2019. French President Emmanuel Macron visited the restored interior, which dazzled with its vibrant stained glass windows and wide, light-filled spaces reminiscent of its centuries-old splendor. Outside, scaffolding and cranes still dot the site, but the interior has been fully transformed and will reopen to the public on December 8. A Renewed Icon Gone are the charred remnants and gaping holes that once scarred the cathedral. Painstakingly…

The escalating trade tension between the U.S. and Canada could push both countries into a recession, disrupting cross-border commerce and causing widespread economic strain. President-elect Donald Trump’s threat to impose a 25% tariff on all Canadian and Mexican imports has sparked warnings from experts and prompted Canada to explore potential retaliatory measures. A Canadian government official, speaking anonymously, said the country is considering duties on select U.S. imports, though no final decisions have been made. Mexican President Claudia Sheinbaum also signaled that Mexico might respond with its own tariffs on U.S. products. Economic Impact of Tariffs Economists warn that blanket…

In a significant shift for its operations, Just Eat Takeaway.com, the Anglo-Dutch food delivery giant, announced plans to delist from the London Stock Exchange (LSE) by the end of December. The decision leaves Amsterdam as the company’s sole trading venue and marks a setback for the U.K.’s ambition to attract high-growth tech firms to its stock market. Why Just Eat Takeaway is Leaving the LSE Streamlining Operations The company cited several reasons for the delisting, emphasizing a desire to simplify operations and reduce costs. Maintaining dual listings requires navigating different regulatory and disclosure requirements, which Just Eat Takeaway said created…

Best Buy (BBY) continues to face challenges as flagging consumer demand led to another quarter of declining sales. The retailer posted its 12th consecutive quarter of negative same-store sales growth, with overall results missing Wall Street expectations. Third-Quarter Earnings Fall Short Best Buy reported a 2.9% decline in same-store sales year-over-year, worse than the expected 0.92% drop. The company’s net sales came in at $9.45 billion, below the estimated $9.63 billion, and adjusted earnings per share reached $1.26, narrowly missing the forecast of $1.29. CEO Corie Barry attributed the shortfall to a mix of macroeconomic uncertainties, consumer hesitation ahead of…

Warren Buffett, one of the world’s wealthiest individuals, has some timeless advice for parents crafting their wills: let your children read and understand it before you sign. This transparent approach, he argues, can prevent misunderstandings and strengthen family bonds. The Logic of Transparency In a letter to shareholders, Buffett encouraged parents to ensure their children understand the reasoning behind their estate decisions. “Be sure each child understands both the logic for your decisions and the responsibilities they will encounter upon your death,” Buffett wrote. He emphasized listening to their feedback and adopting any sensible suggestions. “You don’t want your children…

The latest business climate data for France highlights mounting economic concerns, with the indicator dropping to 96 in November, below its long-term average. While some sectors showed signs of resilience, the overall outlook suggests sluggish growth and persistent economic headwinds in the months ahead. Mixed Sentiment Across Sectors Business sentiment in the industrial sector rebounded slightly in November, but the improvement fell short of recovering the significant losses recorded in October. Confidence remains fragile, reflecting ongoing uncertainty in the broader economic environment. In contrast, sentiment weakened in other key sectors: These trends underscore the widespread impact of economic difficulties across…

Australia’s communications minister, Michelle Rowland, introduced a groundbreaking bill to Parliament on Thursday, proposing a ban on children under 16 from using social media platforms such as TikTok, Facebook, Snapchat, Reddit, X, and Instagram. Platforms failing to comply could face fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent young children from accessing accounts. Aim to Redefine Social Norms “This bill seeks to set a new normative value in society that accessing social media is not the defining feature of growing up in Australia,” Rowland stated in Parliament. She emphasized the urgent need to…

The U.S. Department of Justice (DOJ) is preparing to ask a federal judge to force Google to divest key products, including its Chrome browser and Android operating system, as part of sweeping remedies to address the company’s dominance in online search. Focus on Antitrust Remedies The DOJ’s proposal, expected to be filed Wednesday, builds on its initial plan last month to: These remedies follow a ruling earlier this year by Judge Amit Mehta, who found Google guilty of illegally maintaining its monopoly through exclusive deals with device manufacturers and browser developers. Implications of Divesting Chrome and Android If enforced, the…

Goldman Sachs’ chief US equity strategist, David Kostin, has set a bullish tone for Wall Street, projecting the S&P 500 (^GSPC) to reach a year-end target of 6,500 by 2025. This forecast represents an estimated 11% increase from current levels, aligning with similar optimistic predictions from Morgan Stanley and BMO Capital Markets. Sustained Growth Amid Event Risks Kostin’s forecast hinges on stable economic growth, consistent earnings, and bond yields remaining steady. However, he noted potential challenges, such as the looming possibility of sweeping tariffs and rising bond yields, which could disrupt this growth trajectory as 2025 unfolds. Shifting Influence from…