Middle East latest: Israel agrees to a ceasefire with Hezbollah in LebanonFaruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Wolfspeed To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Wolfspeed between August 16, 2023 and November 6, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP , a leading national securities law firm, is investigating potential claims against Wolfspeed, Inc. (“Wolfspeed” or the “Company”) (NYSE: WOLF) and reminds investors of the January 17, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com . The complaint alleges that defendants provided the public with revenue projections that depended on Wolfspeed’s Mohawk Valley fabrication facility ramping its production to meet and/or exceed demand for its 200mm wafer product. On November 6, 2024, Wolfspeed announced its financial results for the first quarter of fiscal year 2025 and unveiled guidance for the second quarter well below expectations. While defendants had repeatedly claimed that 20% utilization of the Mohawk Valley fabrication facility would result in $100 million revenue out of the facility, defendants now guided to a range 30% to 50% below that mark. The Company attributed its results and lowered guidance to “demand ... ramp[ing] more slowly than we originally anticipated” as “EV customers revise their launch time lines as the market works though this transition period.” Investors and analysts reacted immediately to Wolfspeed’s revelation. The price of Wolfspeed’s common stock declined dramatically. From a closing market price of $13.71 per share on November 6, 2024, Wolfspeed’s stock price fell to $8.33 per share on November 7, 2024, a decline of about 39.24% in the span of just a single day. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Wolfspeed’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Wolfspeed, Inc. class action, go to www.faruqilaw.com/WOLF or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn , on X , or on Facebook . Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fc26f750-62fc-4fb1-a124-860425e3f446
Lindsey Vonn takes another step in comeback at age 40, competes in a pair of downhillsIn a rapidly evolving tech landscape, Oracle Corporation (NYSE:ORCL) finds itself at a pivotal juncture against a backdrop of thriving AI-related stocks. Despite a whirlwind of activity in the realm of AI investments, Oracle’s position remains intriguing amidst varying analyst insights. CJ Muse, an analyst at Cantor Fitzgerald, recently commented on the novel nature of AI investments, highlighting a significant departure from typical tech cycles. He noted major tech firms are channeling billions into AI, and yet they’re managing to generate substantial free cash flow. Muse emphasizes that this investment cycle is critical as companies push towards achieving artificial general intelligence (AGI), requiring advanced computing power to enhance AI reasoning capabilities. As various AI stocks garner attention due to positive analyst ratings and noteworthy developments, Oracle’s performance draws mixed reviews. Monness, Crespi, Hardt analysts recently shifted their stance on ORCL to a “Sell” rating , citing that its stock price may have outstripped its value compared to historical benchmarks. Despite a strong showing fueled by generative AI trends, concerns about Oracle’s increased capital expenditure plans for fiscal 2025 linger, seen as possibly unsustainable. While Oracle continues to make strides in cloud infrastructure, bolstered by strategic partnerships like the one with Amazon, the firm faces stiff competition from industry giants in the public cloud space. Despite these challenges, Oracle ranks 7th among promptly buzzing AI stocks due to its continued innovation and market presence. For those eyeing promising AI opportunities, exploring under-the-radar stocks might offer a chance for more substantial returns over a shorter period than established names like Oracle, as noted in recent financial analyses. Is Oracle Navigating the AI Wave Successfully? Unveiling Insights and Predictions Oracle Corporation is at a critical juncture amidst a flourishing landscape of AI-related investments, with varied insights from analysts marking its trajectory. As the tech giant makes headway in the AI domain, let’s explore some fresh perspectives and critical elements that are shaping its journey. Market Insights and Analysis In the rapidly advancing realm of artificial intelligence, Oracle’s strategic positioning is under scrutiny. While Oracle is making significant inroads in cloud infrastructure and AI, its approach has drawn mixed reviews from analysts. In particular, there is debate about whether Oracle’s market value has exceeded its fundamental worth, a concern accentuated by Monness, Crespi, Hardt analysts’ recent “Sell” recommendation. Pros and Cons of Oracle’s AI Strategy # Pros 1. Cloud Expansion : Oracle is enhancing its cloud-based offerings, a critical growth area in the era of digital transformation. 2. Strategic Partnerships : Collaborations with major firms, such as Amazon, highlight Oracle’s efforts to stay competitive. # Cons 1. Valuation Concerns : Analysts have raised concerns about Oracle’s stock being possibly overvalued, given historical benchmarks. 2. Sustainability of Capital Expenditures : Increased spending in fiscal 2025 raises questions about the long-term sustainability of its investments. AI Investment Trends and Innovations Oracle is navigating an AI investment cycle marked by substantial enhancements in computing power. The broader tech industry is pushing toward achieving artificial general intelligence, and Oracle’s efforts are pivotal in this ambition. However, while Oracle is among the top AI stocks, other emerging companies are capturing attention due to potentially higher short-term returns. Predictions and Future Directions Moving forward, analysts predict Oracle will face stiff competition from leading cloud providers. However, its continuous investment in AI and infrastructure could bolster its position in the market. As AI becomes more ingrained in various industries, Oracle’s efforts in cultivating strategic partnerships and enhancing its offerings may prove influential. Final Thoughts Oracle’s journey through the AI landscape is emblematic of both the challenges and opportunities presented to established tech firms. Staying competitive requires balancing innovation with sustainable growth strategies. As the company navigates this pivotal period, stakeholders and investors will need to closely monitor these dynamics to fully leverage Oracle’s potential in the evolving tech market. For more information on Oracle and its technological advancements, visit the Oracle website .Nyah looks to become latest Rose to blossom with Canadian women's soccer team in camp in SpainJimmy Carter, who rose from humble peanut farmer to president and Nobel Peace Prize winner, dies aged 100
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2024: The year of AI at UBMelbourne [Australia]: India will need to pull out a record-breaking chase in order to take an upper hand in the series during the final day of the fourth Test against Australia at Melbourne, according to Wisden. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for After shaving off the first innings lead to just 105 runs in reply to Australia's 474 with their score of 369/10, India restricted Australia to 228/9 at the end of day four, though they were heavily frustrated by a half-century stand between Nathan Lyon and Scott Boland for the final wicket. No team has managed to chase as many runs at MCG, with the most successful chase being by England, who completed a pursuit of 332 runs back in 1928. It is also the only time that a 300-run total was chased at the venue in Tests, with the second-highest chase being a 297-run chase by England against Australia in 1895, Wisden reported. Coming to the match, Australia won the toss and opted to bat first. Half-centuries from Konstas (60 in 65 balls, with six fours and two sixes), Usman Khawaja (57 in 121 balls, with six fours), Marnus Labuschagne (72 in 145 balls, with seven fours) and 34th Test ton from Steve Smith (140 in 197 balls, with 13 fours and three sixes) took Australia to 474/10 in their first innings. Bumrah (4/99) and Ravindra Jadeja (3/78) were the lead pacer and spinner for the team, while Akash Deep got two wickets and Washington Sundar got one scalp. 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However, Jaiswal's run-out and Virat's outside off-stump woes made India end day two on 164/5. Then it was a 127-run stand between Washington Sundar (50 in 162 balls, with one four) and Nitish (114 in 189 balls, with 11 fours and a six) helped India reach 369. Scott Boland (3/57), skipper Pat Cummins (3/89) and Nathan Lyon (3/96) were the top bowlers for Aussies. In their second innings, Australia was reduced to 91/6, but Labuschagne (70 in 139 balls, with three fours) and skipper Pat Cummins (41 in 90 balls, with four boundaries) took Australia to 228/9. (You can now subscribe to our Economic Times WhatsApp channel )
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Advertisement During his first term, Trump threatened tariffs while renegotiating trade with Mexico and Canada. Now, his promise to slap a 25% tariff on all imports from the countries strikes a similar chord. Scott Bessent, Trump's pick for treasury secretary, has called tariffs a "negotiating tool." President-elect Donald Trump helped pen business advice in his 1987 book "The Art of the Deal" that's been reflected in his posture on tariffs, from his first term to today: "Leverage: don't make deals without it." Trump announced on Monday that he planned to use an executive order on his first day in office to impose a 25% tariff on all goods from Mexico and Canada. He said in a post on Truth Social that the tariffs "will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!" Related Video A proposed merger could help Donald Trump pay off his $454 million fraud penalty While Trump promised to implement harsh tariffs throughout the campaign, actions from his first term suggest that the sweeping threat — which has reverberated throughout global markets and vulnerable sectors like the auto industry — might be a version of his long-favored "leverage." In June 2019, Trump threatened tariffs against Mexico if the country didn't alter its immigration system, which it eventually did . "That was in a sense analogous to what he's doing now outside of economics when he's talking about fentanyl and he's demanding more control of people coming to the border," Robert Lawrence, a professor of international trade and investment and a senior fellow at the Peterson Institute for International Economics, told Business Insider. "Were the tariffs the reason the Mexicans became more compliant? I don't know, but he certainly did use that as a threat." Advertisement Lawrence said that the threat of tariffs is effective rhetorically right now, particularly for those in the European Union who doubted Trump's willingness to follow through on his word. Trump also used tariffs as "leverage" when renegotiating the North American Free Trade Agreement, Mark Blyth, a political economist at Brown University, told BI. Blyth said that Trump is notably unpredictable, and until he steps into the White House again on January 20, people can only speculate about what promises he'll follow through on. Advertisement "We're all shadowboxing. We're jumping at the show: 'Look, he's going to do this! He says he's going to do this!'" Blyth said. "He's still got to get in, he's still got to form his Cabinet . He's got to put in these people and then he can do stuff." A Brookings Institute report said tariffs set important context for the NAFTA renegotiations, and Mexico and Canada likely wouldn't have come to the negotiating table without them. However, the report concluded that using tariffs as leverage does not necessarily result in significantly more favorable trade relations, though they do succeed in getting "other countries' attention." While financial analysts are taking Trump's threats seriously, some banking leaders seem to think that Trump's most recent tariff threat is a continuation of his past negotiation tactics. Advertisement "This is President Trump's negotiating style: step one, punch in the face, step two, let's negotiate," Kieran Calder, the head of equity research for Asia at Union Bancaire Privée, said, per Bloomberg . In a report published Tuesday morning, UBS said that "the timing and narrow focus of the latest threat suggest scope for negotiation." By focusing on non-trade issues — immigration and drugs — Trump is suggesting that the tariffs are transactional, focused more on gaining the upper hand than implementing long-term tariffs, the authors argue. Luis Costa, the global head of emerging markets strategy at Citi Bank, made a similar point on Squawk Box Europe Tuesday. "To us, it is absolutely obvious that the Trump administration will use tariffs as one important lever to negotiate with Sheinbaum's government," he said, referring to Mexico's president, Claudia Sheinbaum. "It is probably something that is more about negotiation rather than about imposing tariffs." Advertisement And Trump's own nominee for treasury secretary, Scott Bessent , published an opinion piece earlier this month arguing that the president-elect uses "tariffs as a negotiating tool with our trading partners." A spokesperson from the Trump transition team told BI in a statement that "in his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation."TRYNGOLZATM (olezarsen) approved in U.S. as first-ever treatment for adults living with familial chylomicronemia syndrome as an adjunct to dietRavens' running game was crucial in a big win over the Chargers, especially on 4th down
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