We expect more IPOs in India over the coming months, says Prosus CEO
Fabricio Bloisi, CEO of Prosus, discusses earnings and his expectations for public listings in India. Source link
Super Micro’s shares jump after server maker says review finds no evidence of misconduct
NEW YORK — Just over a month after Ernst & Young resigned as its public accounting firm, Super Micro Computer says a review committee has found no evidence of fraud or misconduct among the server maker’s leadership. Super Micro is also searching for a new chief financial officer and appointing other executives per recommendations from … Read more
LinkedIn co-founder Reid Hoffman may flee US after Trump victory
Reid Hoffman, the billionaire co-founder of LinkedIn and Democratic Party mega-donor, is reportedly so distraught over President-elect Donald Trump’s victory that he has considered leaving the country. Hoffman, who was vocal in his support of Vice President Kamala Harris’ failed campaign, has told friends that he is thinking of relocating overseas due to fears that … Read more
What medical care for transgender minors is at stake in Supreme Court case?
On Wednesday, the Supreme Court will hear arguments in a case involving Tennessee’s ban on gender-affirming care for transgender people under age 18. At least 26 states have adopted laws restricting or banning such care for minors, and most of those states face lawsuits. The nation’s top court will be weighing whether Tennessee’s law violates … Read more
French fans belt out homophobic chants with ‘complete impunity’ during game, campaign group says
A French campaign group has renewed calls for authorities to take action against homophobic chanting by soccer fans, saying Marseille supporters belted out anti-gay slurs “with complete impunity” during a home game against Monaco on Sunday. The Rouge Direct group posted a footage on social networks showing Marseille supporters shouting threatening and insulting chants aimed … Read more
The Late Morning Rundown: December 2, 2024
CNBC brings you fast, accurate, and actionable business news and market updates. Source link
Elon Musk seeks injunction to block OpenAI’s plans to become for-profit ‘Frankenstein’: filing
Elon Musk has asked a federal judge to block Sam Altman’s OpenAI from completing plans to become a for-profit entity – arguing that it would cause “irreparable harm” to the public. In the filing late Friday in US District Court in San Francisco, Musk accused Altman of running afoul of antitrust law through the OpenAI’s … Read more
The Golden At-Bat rule could give MLB a new shine. But is it worth it?
When the commissioner of baseball speaks, we listen. So we were listening a few weeks ago when Rob Manfred stopped by the podcast of Puck’s John Ourand and dropped this giant breadcrumb about a rule change that seems like it might be coming someday to a ballpark near you — and a mobile device even … Read more
'Biggest issue for the next 12 months is what happens to inflation,' says strategist on further Fed rate cuts
David Bowers, co-founder of Absolute Strategy Research, discusses shifting sentiment in the markets and where investors are seeing opportunities according to their latest asset allocation survey. Source link
Liverpool near perfection as Manchester City’s storm continues
The buzzword at Anfield on Sunday evening was “perfect”. A perfect start on Merseyside for Arne Slot; another near-perfect game from his Liverpool team; a mighty opponent, Manchester City, not just brought down to earth but engulfed by what looks like a perfect storm. There can be no such thing as perfection in a team … Read more