Business

(Bloomberg) — Asian shares drifted higher Thursday after US inflation data supported the case for another Federal Reserve rate cut next month. Most Read from Bloomberg Stocks in Japan and Australia climbed, while futures for Hong Kong fell as a gauge of US-listed Chinese companies declined Wednesday. Hong Kong’s stock …

Super Micro Computer (NASDAQ: SMCI) stock fell in Wednesday’s trading after the company said that it would not be able to file its quarterly 10-Q report on time. The company’s share price closed out the daily session down 6.3%. Supermicro submitted a filing to the Securities and Exchange Commission (SEC) …

TIMOTHY A. CLARY/AFP via Getty Images US stocks climbed higher as traders took in inflation figures from October that were in-line with estiamtes. Consumer prices rose 2.6% on a yearly basis last month and 0.2% for the month. Traders have upped their bets on another quarter-point rate cut from the …

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New data out Wednesday showed the “core” Consumer Price Index (CPI) increased 3.3% in the month of October, in line with Wall Street’s expectations. Immediately following Wednesday’s release, markets continued to price in another 25 basis point rate cut in December after the central bank cut rates by that amount …

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WASHINGTON (AP) — The Supreme Court on Wednesday seemed likely to keep alive a class-action lawsuit accusing Nvidia (NVDA) of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency. The justices heard arguments in the tech company’s appeal of a lower-court ruling allowing a …

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Warren Buffett Breaks 6-Year Streak Of Berkshire Hathaway Stock Buybacks, Say ‘It’s Too Expensive’ Berkshire Hathaway CEO Warren Buffett recently ended a six-year streak of stock buybacks for the company. While the company regularly participates in stock buybacks, it did not do so during the third quarter, according to Securities …