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Flux Power Faces Investor Lawsuit Over Financial Misstatements
New York, Saturday, 16 November 2024.
Investors in Flux Power Holdings, Inc. are urged to seek legal counsel before a December 31, 2024 deadline in a class action lawsuit. The suit alleges the company overstated financial figures and misrepresented internal controls, leading to significant stock price drops following disclosures of accounting errors.
ASML Faces Class Action Lawsuit Amid Semiconductor Industry Concerns
Veldhoven, Saturday, 16 November 2024.
A class action lawsuit has been filed against ASML Holding N.V., alleging misleading statements about semiconductor industry recovery. The suit claims ASML downplayed risks, leading to a significant stock price drop after poor financial results were reported in October 2024.
Alibaba's AI-Driven Cloud Growth Boosts Q2 Earnings
Alibaba, Friday, 15 November 2024.
Alibaba’s Q2 earnings surpassed expectations, driven by robust AI-related revenue growth in its cloud business. Despite slower overall sales, the tech giant’s strategic focus on AI infrastructure and international expansion signals a promising trajectory in a challenging economic landscape.
Palantir's Strategic Move to Nasdaq Sparks Stock Rally
New York, Friday, 15 November 2024.
Palantir Technologies announced a shift from NYSE to Nasdaq, effective November 26, 2024. The move positions the company for potential inclusion in the Nasdaq-100 index, driving investor enthusiasm and boosting stock value. Palantir retains its ‘PLTR’ ticker symbol.
D-Wave Quantum Reports 41% Surge in QCaaS Revenue
Palo Alto, Thursday, 14 November 2024.
D-Wave Quantum Inc. announced a 41% year-over-year increase in QCaaS revenue for Q3 2024, reaching $1.6 million. Despite overall revenue declining 27% to $1.9 million, the company’s quantum computing services show strong growth potential in commercial applications.
Restaurants Slash Prices as Consumer Demand for Discounts Grows
New York, Wednesday, 13 November 2024.
Amid easing inflation, restaurants are reducing menu prices to attract cost-conscious diners. This shift reflects changing economic conditions and consumer behavior, with fewer operators raising prices compared to last year. The trend highlights the industry’s adaptation to evolving market dynamics and consumer preferences.
Riskified Surpasses Q3 Expectations, Raises 2024 Outlook
New York, Wednesday, 13 November 2024.
Riskified Ltd. reported better-than-expected Q3 2024 results, with earnings of $0.03 per share beating estimates by $0.10. Revenue reached $78.85 million, surpassing forecasts. The company raised its full-year 2024 revenue guidance to $322-$327 million, reflecting strong performance and market position in ecommerce fraud prevention.
Vertical Aerospace's VX4 Takes Flight: Untethered Tests Mark New Era in Zero-Emission Aviation
London, Tuesday, 12 November 2024.
Vertical Aerospace has launched Phase 2 of piloted flight testing for its VX4 eVTOL prototype, achieving untethered vertical take-off and landing. This milestone advances zero-emission aviation and paves the way for future urban air mobility solutions.