Super Micro Computer Inc (NASDAQ: SMCI) says it needs more time to file its financial update for the September quarter. Shares of the AI server company are down another 2% on Wednesday. SMCI already runs the risk of delisting as it’s unusually late in submitting its annual report as well.…

US consumer prices rose in October as expected, driven by higher shelter costs, including rents, indicating that the path toward lower inflation has slowed since mid-year. This could mean the Federal Reserve will be more cautious in cutting interest rates next year. The Labor Department’s report on Wednesday showed the…

Citi Research revised its forecast for copper prices on Wednesday, citing trade tensions between the US and China, and poor demand outlook.  The forecast pegged copper prices on the London Metal Exchange at $8,500 per ton in the near term from the previous estimate of $9,500 per ton.  Citi expects…

Cava Group Inc (NYSE CAVA) chief executive Brett Schulman expects the company’s stock price to push further up as long as his team keeps its “head down and focus on the mission to bring heart, health, and humanity to food.” Shares of the Mediterranean fast-casual restaurant chain are already up…

Klarna has confidentially filed for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). The fintech company, widely recognized for its buy now, pay later (BNPL) services, has not disclosed the valuation it is seeking. However, analysts estimate its worth at approximately $14.6 billion. Notable…

The AUD/USD exchange rate continued its strong sell-off this week as the US dollar index surged and after Australia published mixed jobs numbers. It crashed to 0.6480, its lowest level since August 6, and 6.70% below the highest level this week. Australia jobs data and RBA decision The AUD/USD pair…

Following Donald Trump’s recent US election victory, Elon Musk’s support for the president-elect appears to have triggered a departure of some users from X, the popular social media platform he owns. Bluesky, a social networking alternative, has partly benefited from this shift, with many disillusioned X users turning to it…

As the cryptocurrency industry looks to a potential Donald Trump-led US for clearer regulations and promises of global crypto dominance, the British government is preparing to outline its own plans for sector regulation. Citing sources familiar with the plans, a report by Bloomberg said the Treasury is preparing two legislative…

As consumer demand for healthier eating habits continues to rise, food companies tapping into the health and wellness trend are seeing significant growth. Simply Good Foods, which sells a range of low-carb, low-sugar, and high-protein products, is one such company. Despite this growth, the company’s stock has not fully reflected…