(Reuters) -Super Micro Computer, whose auditor unexpectedly stepped down last week, on Tuesday flagged uncertainty about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company. Shares of the San Jose, California-based server maker fell about 10% in extended trading. The company said…
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) -Demand for green power in the United States will grow regardless of who is the country’s next president, major players in the wind energy sector Vestas and Orsted said on Tuesday. Offshore wind developers have seen profits shrink in recent years due to rising raw material costs,…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies to account. After a trio of Supreme Court rulings…
By Jack Queen PHILADELPHIA (Reuters) -Elon Musk’s pro-Trump group does not choose the winners of its $1 million-a-day giveaway to registered voters at random, but instead picks people who would be good spokespeople for its agenda, a lawyer for the billionaire said on Monday. Musk lawyer Chris Gober was trying to persuade a Pennsylvania judge…
By Danilo Masoni MILAN (Reuters) – A Donald Trump victory in the race for the White House is widely seen as bullish for European defence stocks, given his warnings to scale back U.S. military support in the region and force NATO members to spend 2% or more of their GDP on defence. However, should he…
By Michelle Nichols UNITED NATIONS (Reuters) – The United States on Monday called out Russia and China at the United Nations Security Council for “shamelessly protecting” and emboldening North Korea to further violate U.N. sanctions as Pyongyang pledged to accelerate building up its “nuclear force.” “Russia and China have shamelessly protected Pyongyang from any reprisal,…
WARREN, Michigan (Reuters) – Republican presidential candidate Donald Trump said on Friday that if he is elected he would put a 100% tariff on Stellantis if the automaker tried moving jobs from the U.S. to Mexico. He was speaking at a rally in the battleground state of Michigan where another speaker said the company was…
By Arsheeya Bajwa (Reuters) -Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm. Nvidia will join the index next week along with paint-maker Sherwin-Williams , which will replace Dow, S&P…
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record $325.2 billion. Berkshire also reported a 6% decline in quarterly operating profit, largely the result of higher insurance underwriting liabilities including for Hurricane Helene, and currency…
ZURICH (Reuters) – Novartis expects to increase its annual sales by least 5% per year in the coming years, CEO Vas Narasimhan said in an interview on Saturday, with the pharmaceuticals giant having nothing to fear from the end of patent protection on some drugs. “I am very confident that we will achieve average growth…
