Mesirow Financial Investment Management Inc. lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 23.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 704 shares of the network technology company’s stock after selling 214 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Palo Alto Networks were worth $239,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also recently added to or reduced…
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Intel’s (NASDAQ: INTC) stock price collapse at the start of August on news out of its earnings report wasn’t a big surprise. The chipmaker had fallen behind after years of operating a money-losing foundry business, while fabless rivals, like Advanced Micro Devices, have gained market share.Intel has long dominated the PC processor business, but a cultural aversion to risk-taking prevented the company from extending that leading position into other areas. It missed the mobile transition and now seems to be falling behind in artificial intelligence (AI).The company even lost Apple as a customer for its Macs after Apple experienced several…
MSI has outed its new X870 and X870E motherboards for AMD AM5 processors, including the new Ryzen 9000-series chips. The big news is ATX 3.1 support and a big boost in PCIe power supply.MSI says the boards’ new supplemental PCIe Power feature delivers a major boost in overall board and GPU power supply. That could well come in handy, what with expectations of ever greater power draw from upcoming GPUs, particularly Nvidia graphics cards like the rumoured 550 W RTX 5090.The power boost comes courtesy of an integrated 8-pin PCIe power connector on the motherboard itself. Conceptually, it’s a little…
From the Dispatch Politics on The DispatchHappy Wednesday! Election Day is 48 days away. Iowa Sen. Joni Ernst brought a prop to the GOP Senate leadership press conference Tuesday, a board game entitled “Kamala’s Twister,” complete with a spinner.Up to SpeedVice President Kamala Harris participated in a 45-minute interview with the National Association of Black Journalists on Tuesday in which she spoke about her economic plan and condemned former President Donald Trump for spreading baseless claims of migrants eating pets in Springfield, Ohio. Tonya Mosley of NPR, Eugene Daniels of Politico, and Gerren Keith Gaynor of theGrio pressed her for…
Former senior civil servant Sue Gray, who became a household name as the Partygate investigator, is at the centre of fresh controversy over the revelation she is paid more than her boss – the prime minister.Ms Gray’s critical report into lockdown gatherings in Downing Street prompted numerous Conservative MPs to call on Boris Johnson to resign and contributed to his downfall in 2022.When it emerged the following year that Sir Keir Starmer had approached her to advise Labour on the challenges of moving from opposition to government, some Tory MPs were incensed and said it undermined her report.With Labour now…
Gold price is waiting for the Fed interest rate decision. The price is off its all-time highs for now. For Gold to rise back and, probably, above the all-tine high price, interest rates would have to be cut by 50 basis points, Commerzbank’s commodity analyst Carsten Fritsch notes. Further interest rate cuts need to be signaled very clearly “The Gold price has retreated somewhat from its record high of $2,590 per troy ounce recorded at the beginning of the week, and is currently trading around $20 lower. The price increase to the aforementioned record high was largely driven by expectations…
MONTGOMERY, Ala. (WBRC) – The Alabama Certificate of Need Board unanimously approved the city of Hoover’s application for approval on Wednesday, clearing the final regulatory hurdle to build the surgical center that is a key part of the Riverwalk Village projectA CON is an Alabama state requirement that allows health care providers and systems to expand medical services to citizens.The ASC and diagnostic center are key components of the development which will also include housing, retail areas and wellness opportunities. Riverwalk Village will be part of a larger healthcare district that runs between Interstate 65 and west to US Highway…
WASHINGTON — Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. And yet an unusual air of uncertainty overhangs this week’s meeting: It’s unclear just how large the Fed’s rate cut will be. Wall Street traders and some economists foresee a growing likelihood that the central bank will announce a larger-than-usual half-point cut. Many analysts foresee a more typical quarter-point rate cut. With…
U.S. stocks traded lower midway through trading, with the S&P 500 falling around 0.2% on Wednesday. The Dow traded down 0.21% to 41,520.08 while the NASDAQ fell 0.25% to 17,584.86. The S&P 500 also fell, dropping, 0.21% to 5,622.88. Check This Out: How To Earn $500 A Month From Darden Restaurants Stock Ahead Of Q1 Earnings Leading and Lagging SectorsReal estate shares rose by 0.2% on Wednesday. In trading on Wednesday, financials shares fell by 0.3%. Top Headline Housing starts in the U.S. climbed by 9.6% from the prior month to an annualized rate of 1.356 million units for August.…
Sean “Diddy” Combs is expected to learn Wednesday afternoon whether he will continue to be held without bail on charges including sex trafficking by force, transportation to engage in prostitution and racketeering conspiracy.The music mogul’s attorney, Marc Agnifilo, appealed Judge Robyn Tarnofsky’s Tuesday decision to detain the 54-year-old pending trial. The appeal hearing is scheduled for 3:30 p.m. on Wednesday.In a letter to the court ahead of the Wednesday hearing, Agnifilo wrote that Combs is “eminently trustworthy” and should be released on a $50 million bond.MORE: Sean ‘Diddy’ Combs charged with sex trafficking in sprawling indictment, held without bailThe bond…