Divers of the Vigili del Fuoco, the Italian Corps. of Firefighters leave Porticello harbor near Palermo, to resume research for a last missing person on August 23, 2024, four days after the British-flagged luxury yacht Bayesian sank. Alberto Pizzoli | Afp | Getty ImagesDivers on Friday retrieved Hannah Lynch, the daughter of British tech entrepreneur Mike Lynch, from the wreckage of a yacht that sank off the coast of Sicily, a source familiar with the matter told CNBC.Eighteen-year-old Hannah Lynch was the last person still unaccounted for, out of six people who went missing after the superyacht Bayesian sank suddenly during a…
Author: usaeverydaylife
During the second-quarter earnings period, many companies signaled travel demand is expected to drop in 2024. Source link
Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesShares of Super Micro Computer closed down 19% on Wednesday, after the company announced it would not file its annual report for the fiscal year with the U.S. Securities and Exchange Commission on time.”SMCI is unable to file its Annual Report within the prescribed time period without unreasonable effort or expense,” the company said in a release. “Additional time is needed for SMCI’s management to complete its assessment of the design and operating effectiveness…
Pat Gelsinger, chief executive officer of Intel Corp., holds a wafer as he speaks at the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Annabelle Chih | Bloomberg | Getty ImagesIntel CEO Pat Gelsinger said on Thursday that it’s been a “difficult few weeks” since the chipmaker’s disastrous earnings report and the company is working hard to address investor concerns.”We respect some of the skepticism we’ve received from the market,” Gelsinger said in a fireside chat at Deutsche Bank’s technology conference in Dana Point, California. “We believe we’re up for the challenge.”Intel’s stock price plunged 26% following the company’s…
Check out the companies making headlines before the bell: Abercrombie & Fitch — Shares of the retailer, which owns the Abercrombie and Hollister banners, fell more than 9% after it reported a 21% increase in its revenue during its fiscal second quarter and issued bullish guidance for the current period. Abercrombie posted earnings of $2.50 per share on revenue of $1.13 billion, surpassing earnings expectations of $2.22 per share on $1.10 billion in revenue, per analysts polled by LSEG. Nordstrom — Stock in the retailer climbed more than 1% after second-quarter earnings beat estimates , while the company raised the…
Foot Locker on Wednesday said comparable sales grew for the first time in six quarters as its efforts to refresh its stores and improve the customer experience continue to bear fruit. The beleaguered sneaker company’s same-store sales grew 2.6% during its fiscal second quarter, far better than the 0.7% uptick that analysts had expected, according to StreetAccount. Its gross margin also expanded for the first time in more than two years. Despite the positive trends, the company’s shares closed more than 10% lower. “The Lace Up Plan is working,” CEO Mary Dillon said in a press release, referencing the company’s turnaround strategy.…
Investors have been jumping into single-stock funds that track Nvidia ahead of the chipmaker’s earnings report Wednesday, making this a key opportunity for a fast-growing corner of the ETF world to prove its worth. The GraniteShares 2x Long Daily Nvidia ETF (NVDL) has attracted more than $500 million of inflows over the last month, and is now over $5 billion in total assets, according to FactSet. The T-Rex 2X Long Nvidia Daily ETF (NVDX) and Direxion Daily NVDA Bull 2X Shares (NVDU) have also attracted inflows this month and now have more than $1 billion in assets combined. The three…
Bleakley’s Peter Boockvar talks what he is expecting from Fed Chair Powell’s Jackson Hole speech. Source link
Venita Cooper, founder of Silhouette Sneakers & Art in the Greenwood district of Tulsa, Oklahoma.Parnia Mazhar| NBC News.TULSA — Nestled among rows of colorful shoes lining the walls of Silhouette Sneakers & Art, a framed black-and-white photo reminds owner Venita Cooper of the giants whose shoulders she stands on.Overlaid on that picture is the company name, Grier Shoe Shop, and its address — which is part of an area known as Black Wall Street. It was the business occupying Cooper’s building before it was destroyed during the Tulsa Race Massacre more than a century ago.In the decades between Grier and…
Elon Musk has attacked voting by mail as an “insane” idea that encourages election fraud, but he voted by mail twice when he lived in California, according to records of his voting history obtained by NBC News.Musk voted by mail in November 2016, the year Donald Trump defeated Hillary Clinton, and in the November 2018 midterm election, the records show. Musk’s primary residence was in Los Angeles at the time. The state records show that Musk had a sparse history of voting in California. During the 18 years he was eligible to vote there, he cast ballots in only those two elections. He…
