By Alkis Konstantinidis and Michele Kambas ATHENS/LARNACA, Cyprus (Reuters) – A growing number of countries evacuated citizens from Beirut on Thursday as Israel’s bombing of the Lebanese capital intensified and governments worldwide urged their citizens to get out. Israel has sent its troops into southern Lebanon after two weeks of intense airstrikes, in an escalating conflict that has drawn in Iran and risks drawing in the United States. Israel’s military bombed the heart of Beirut on Thursday, after Israeli forces suffered their worst losses on the Lebanese front in a year of clashes with the Iran-backed group. Dozens of Greeks…
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Super Micro Computer (NASDAQ: SMCI) stock is still up more than 1,000% over the last three years, thanks to rising demand for its high-performance rack servers tied to artificial intelligence (AI). Its share price is also down 66% from the lifetime high it reached earlier this year.While a wide range of factors will play a role in shaping the server specialist’s future stock performance, investors should pay particular attention to one key metric.Gross profit margins will be central to Supermicro’s stock performanceGross profit is calculated by subtracting the cost to produce a product from the revenue generated on the sale…
A sign outside of the Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington.David Ryder | Getty ImagesMore than a decade ago, Starbucks bought its first coffee farm, in Costa Rica. Now the coffee giant has added two more to its portfolio.The Seattle-based company said Thursday that it’s invested in another farm in Costa Rica and its first in Guatemala in the hopes of getting closer to its goal of protecting its coffee supply from climate change.Rising temperatures, frosts in Brazil, three consecutive years of La Nina and other extreme weather have been hurting coffee…
A Rivian R1T that was completely submerged during Hurricane Helene’s catastrophic flooding has remarkably survived and is still functional, according to a video shared on Facebook by Joshua Vincent Sauer. In the footage, the Rivian is shown covered in thick mud, with the water level having reached its roof. The owner explained to Sauer that the vehicle was parked near the Swannanoa River in the Asheville, North Carolina area. When the hurricane struck, the river overflowed, flooding the surrounding areas. The devastating flooding has hit the Southeast hard, particularly in North Carolina, resulting in over 100 fatalities and severe destruction.…
Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) has reported insider trading activity by its Chief Financial Officer, Chief Compliance Officer, Secretary, and Treasurer, David C. Sims. The executive has made significant purchases of the company’s common stock, as indicated in the latest filings with the Securities and Exchange Commission. On October 1, 2024, Sims acquired 4,069 shares of Eagle Capital Growth Fund at a price of $9.75 per share, amounting to a total investment of $39,672. This transaction reflects the CFO’s growing stake in the company and follows an earlier transaction on September 24, 2024, where Sims acquired 795 shares at…
Private markets’ meteoric growth since the Global Financial Crisis has attracted the attention of regulators around the world, some of whom have reacted with urgency. Interestingly, the US courts recently vacated sweeping and controversial rules for private fund advisers that were adopted by the Securities and Exchange Commission (SEC). But the matter is far from closed. Indeed, as the private investment sector enters a new era of not-so-cheap money, the absence of stringent regulations makes industry best practices and self-governance even more important. The CFA Institute Research and Policy Center’s report, “Private Markets: Governance Issues Rise to the Fore,” illuminates…
Das biopharmazeutisches Unternehmen aus Würzburg, eine Abspaltung von Eckert & Ziegler, ist zu 5,10 Euro ausgegeben worden. 3. Oktober 2024. FRANKFURT (Börse Frankfurt). Seit heute notiert die Pentixapharm Holding AG () im Prime Standardder Frankfurter Wertpapierbörse. Der erste Preis der Aktie betrug 5,10 Euro. Zuvor konnte das Wertpapier über die Börse gezeichnet werden. Die BankM begleitete den Börsengang als Global Coordinator und Bookrunner sowie als Designated Sponsor im Xetra-Handel. Spezialist am Handelsplatz Börse Frankfurt ist Wolfgang Steubing.Die Pentixapharm Holding AG wurde im Jahr 2024 gegründet, um im Zuge der Abspaltung von der Muttergesellschaft Eckert & Ziegler SE alle an der Pentixapharm AG…
On Thursday, Oppenheimer maintained its positive stance on Aldeyra Therapeutics (NASDAQ:) shares, reiterating an Outperform rating and a price target of $12.00. The firm’s endorsement follows the biotechnology company’s announcement that it has resubmitted the New Drug Application (NDA) for its dry eye disease treatment, Reproxalap. Aldeyra Therapeutics recently reported successful results from a Phase 3 dry eye chamber trial. The study revealed that Reproxalap showed statistical superiority over a placebo in reducing ocular discomfort, meeting the primary endpoint set by the FDA. The trial included 132 participants, with both groups (66 on Reproxalap and 66 on placebo) showing significant…
US stocks were mixed on Thursday as the focus tentatively turned back to the economy and the monthly jobs report. Meanwhile, worries over the Middle East conflict rumbled in the background.The S&P 500 (^GSPC) dropped 0.2%, while the Dow Jones Industrial Average (^DJI) fell about 0.3%. The tech-heavy Nasdaq Composite (^IXIC) erased opening losses to climb 0.2%. All three gauges closed Wednesday slightly above the flatline.Some calm has returned to a market rattled by escalating Mideast tensions that have driven sharp gains in oil prices. Israel has yet to launch its promised retaliation to Iran’s missile strike on Tuesday, amid…
By Timour Azhari BEIRUT (Reuters) – A 21-year-old woman kidnapped by Islamic State militants in Iraq more than a decade ago was freed from Gaza this week in an operation led by the United States and involving Jordan and the Baghdad government, Iraqi and U.S. officials said. The woman is a member of the ancient Yazidi religious minority mostly found in Iraq and Syria which saw more than 5,000 members killed and thousands more kidnapped in a 2014 campaign that the U.N. has said constituted genocide. She was freed after more than four months of efforts that involved several attempts…