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  • Nov 15, 2024

Why Is TheStreet Parent Arena Group Stock Rocketing Premarket Friday?

The Arena Group Holdings, Inc. (AMEX:AREN) shares jumped premarket on Friday after the company delivered the first quarter of positive net income. Arena, which is home to hundreds of media brands, including TheStreet, Parade Media, Men’s Journal, Surfer, Powder and Athlon Sports, reported a net income of $4.0 million, or EPS of $0.11, in the third quarter of 2024, compared to a net loss of $11.2 million, or EPS loss of $0.47 per share a year ago quarter. Adjusted EBITDA stood at $11.2 million co

  • Nov 15, 2024

Super Micro’s Looming Nasdaq Deadline Stokes Delisitng Fears

(Bloomberg) -- Super Micro Computer Inc. investors have spent two months waiting for the company to file a plan that would allow it to remain listed on the Nasdaq exchange. With the deadline now just days away, that plan is yet to materialize.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Exp

  • Nov 15, 2024

Futures tumble as Powell signals no rush to cut rates

U.S. stock index futures fell on Friday after Federal Reserve Chair Jerome Powell said there was no need to rush interest-rate cuts, pushing up bond yields and pressuring rate-sensitive equities. In a speech on Thursday, Powell pointed to ongoing economic growth, a solid job market, and inflation above the Fed's 2% target as reasons the central bank can afford to be careful as they determine the pace and scope of rate cuts going forward. U.S. Treasury yields rose broadly after Powell's comments, while Wall Street's main indexes closed lower.

  • Nov 15, 2024

Citadel Securities’ Inflation Head Says Tariffs No Worry for Fed

(Bloomberg) -- Citadel Securities’ Durham Abric says the Federal Reserve’s interest-rate path probably will be uninterrupted by the incoming Trump administration’s protectionist posture.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and Emissions“The Fed is likely to look past the i

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