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Super Micro Receives Extension From Nasdaq Until February

(Bloomberg) -- Super Micro Computer Inc. said Nasdaq Inc. has granted the company additional time to become compliant with listing rules, easing the near-term risk that the embattled server maker would be delisted.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectKansas City Looks Back on its Long, Costly Ride With MicrotransitSuper Micro said it received a letter Friday from Nasdaq a

Bloomberg 18 hours ago

SMCI

NDAQ

Ex-ASML Employee Suspected of Stealing Trade Secrets, NOS Says

(Bloomberg) -- A former ASML Holding NV employee is facing a lawsuit in the Netherlands over suspected theft of trade secrets, according to Dutch public broadcaster NOS, in the latest breach of the maker of advanced chip-manufacturing equipment.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectKansas City Looks Back on its Long, Costly Ride With MicrotransitThe 43-year-old Russian eng

HPE CEO on $14 billion Juniper deal: It should close in early 2025

HPE CEO Antonio Neri still thinks his prized $14 billion deal for Juniper Networks will close in early 2025.

Intel’s Lack of a Clear Plan Makes Wall Street Even More Bearish

(Bloomberg) -- Things were already looking bad for Intel Corp. shares this year. But the chipmaker’s sudden ouster of its chief executive officer has led to even more investors throwing in the towel.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectKansas City Looks Back on its Long, Costly Ride With MicrotransitThe stock fell 13% in the five days ending Friday, notching its worst wee

TikTok’s loss is Meta’s win

Banning TikTok would be a major win for Meta's Instagram.

TikTok Faces US Ban After Appeals Court Refuses to Block Law

(Bloomberg) -- TikTok’s Chinese parent company faces a ban in the US next month as a result of a federal appeals court ruling Friday, ratcheting up a political clash over the wildly popular video-sharing app.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectKansas City Looks Back on its Long, Costly Ride With MicrotransitA three-judge panel in Washington unanimously upheld a new US la

Chevron CEO says no discussions with President-elect Trump on Venezuela

HOUSTON (Reuters) -Chevron , the only U.S. oil producer now working in Venezuela's oilfields, has not held any discussions with President-elect Donald Trump's team over the company's operations in the country, CEO Michael Wirth said on Friday. Since 2019, Venezuela's oil industry has been under U.S. sanctions designed to curb its oil income and force out President Nicolas Maduro in response to electoral fraud following his re-election in 2018 and a disputed election in 2024. Chevron has been allowed since 2022 to export oil to recoup unpaid dividends from joint venture partners.

Yellen warns against weakening financial risk watchdog

U.S. Treasury Secretary Janet Yellen on Friday warned it was "crucial" that a panel charged with monitoring financial risks be able to continue its work as worries grow President-elect Donald Trump's administration will again weaken the body. Speaking at Friday's Financial Stability Oversight Council (FSOC) meeting, the last of President Joe Biden's administration, Yellen said that under Trump's first term the panel's staff shrank to single digits and the infrastructure supporting interagency coordination was significantly scaled back. "This meant we were less equipped to identify and respond to risks to the financial system," she said, adding the Democratic Biden administration reinvested in the panel, which was created following the 2007-2009 crisis to monitor systemic risks.

US appeals court reinforces TikTok ban

A US federal appeals court upheld a new law that would outlaw TikTok from operating in the US under Chinese ownership, setting up a battle that could reach the Supreme Court.

Nvidia-Backed Cohere to Invest in Mega Data Center in Canada

(Bloomberg) -- Artificial intelligence startup Cohere Inc. is partnering with CoreWeave Inc. to build a multibillion-dollar data center in Canada, with financial help from the Canadian government.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectKansas City Looks Back on its Long, Costly Ride With MicrotransitThe company, headquartered in Toronto and San Francisco, is among the larges

US appeals court upholds TikTok ban

A federal appeals court has unanimously voted to uphold a law that could ban TikTok in the U.S. unless the social network divests from Chinese ownership. The decision comes seven months after TikTok filed a lawsuit against the federal government over the ban. Friday's ruling from the appeals court rejects TikTok's claims that the law violates the U.S. Constitution’s commitment to free speech and individual liberty.