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    Super Micro Computer Stock Plunged 37.6% in August: Here’s Why

    by skolnes September 4, 2024
    September 4, 2024

    Shares of Super Micro Computer (NASDAQ: SMCI) fell 37.6% in August, according to data from S&P Global Market Intelligence. The server systems builder took two heavy hits last month, and …

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    Verizon Is in Talks to Buy Frontier Communications

    by skolnes September 4, 2024
    September 4, 2024

    (Bloomberg) — Verizon Communications Inc. is in advanced talks to acquire rival telecommunications operator Frontier Communications Parent Inc., according to a person familiar with the negotiations. Most Read from Bloomberg …

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    Intel Stock Drops Further as Silicon Wafers Reportedly Fail Broadcom Tests

    by skolnes September 4, 2024
    September 4, 2024

    David Paul Morris / Bloomberg via Getty Images Key Takeaways Intel shares fell further Wednesday amid a broader selloff of chip stocks, as the company’s contract manufacturing business got another …

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    Stocks claw back after tough September start

    by skolnes September 4, 2024
    September 4, 2024

    US stocks recovered some losses on Wednesday morning, coming off a steep sell-off fueled by worries about economic growth and the artificial intelligence trade amid a slide in Nvidia (NVDA) …

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    How Rich Are You? Here’s The Net Worth That Defines Upper, Middle, and Lower Class

    by skolnes September 4, 2024
    September 4, 2024

    How Rich Are You? Here’s The Net Worth That Defines Upper, Middle, and Lower Class You’ve heard the terms “upper class,” “middle class,” and “lower class” tossed around in conversations …

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    US Steel CEO Warns of Plant Closings, HQ Move if Nippon Steel Deal Fails

    by skolnes September 4, 2024
    September 4, 2024

    Daniel Acker / Bloomberg via Getty Images U.S. Steel CEO David Burritt CEO in 2018. Key Takeaways U.S. Steel’s CEO said the company would have to close plants and might …

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    Nasdaq leads declines as stocks extend slide

    by skolnes September 4, 2024
    September 4, 2024

    US tech stocks extended losses on Wednesday morning, coming off a steep sell-off fueled by worries about economic growth and the AI trade amid a slide in Nvidia (NVDA) shares. …

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    Analysis-Recession fears trounce rate cut cheer in latest market selloff

    by skolnes September 4, 2024
    September 4, 2024

    By Naomi Rovnick LONDON (Reuters) – Mounting unease over the U.S. economic outlook and a seasonally weak month for stocks have created another perfect storm of global market volatility, leaving …

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    Nvidia Rout Has Traders Watching $100-Share Level Amid ‘Vacuum’

    by skolnes September 4, 2024
    September 4, 2024

    (Bloomberg) — The sharp selloff that wiped a record $279 billion off Nvidia (NVDA) Corp.’s market value on Tuesday has traders scouring charts for clues as to where the pain …

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    Futures slip on economic growth worries ahead of labor data

    by skolnes September 4, 2024
    September 4, 2024

    (Reuters) – Futures tied to Wall Street’s main indexes slipped ahead of labor data expected later on Wednesday as worries lingered about the health of the U.S. economy. Wall Street’s …

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