Embattled server maker Super Micro Computer said on Friday that it received an extension from Nasdaq, giving the company until February to maintain its listing on the stock exchange. The stock rose 7% in extended trading. Super Micro has been facing the potential of being delisted from the Nasdaq because it's yet to file audited year-end financials for the latest fiscal year and is also late with its quarterly results. With Friday's announcement, Super Micro has until at least Feb. 25 to get its SEC filings submitted and accepted.
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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UnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor event held by his company. But Thompson's death this week in the heart of corporate America's capital has sent shockwaves throughout the business world, forcing companies to rethink the risks in even the most routine executive responsibilities. "Everyone's scrambling to say, 'Are we safe?'" said Chuck Randolph, chief security officer for Ontic, an Austin, Texas-based provider of threat management software. "This is an inflection point where the idea of executive protection is now raised to the board level. Everyone I know in the industry is feeling this."
'This was preventable’: Corporate world shudders at new risks after slaying of UnitedHealthcare CEO
cnbc.com
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Meta shares continued their extended rally on Friday, rising 2.4% and closing at a record after a federal appeals court upheld a law requiring China's ByteDance to sell TikTok or face an effective U.S. ban. The Facebook parent has climbed 77% this year after almost tripling in 2023, pushing Meta's market cap close to $1.6 trillion. Alongside Meta, Amazon also closed at all-time high on Friday, and is up 49% this year. Apple slid slightly from its high on Thursday. The hefty gains this year among tech's megacaps helped lift the Nasdaq to a record. The index rose 0.8% on Friday and has gained 32% in 2024.
Meta shares rise on potential TikTok ban in U.S., closing at record alongside Amazon
cnbc.com
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After decades of building your nest egg, you will eventually have to start taking required minimum distributions, or RMDs, from pretax retirement accounts. The first RMD can be tricky, according to financial experts. Since 2023, most retirees must begin RMDs at age 73. The first deadline is April 1 of the year after you turn 73, and Dec. 31 for future withdrawals. This applies to tax-deferred individual retirement accounts, most 401(k) and 403(b) plans. "You want to be tactical and savvy when you take the [first] distribution," said certified financial planner Jim Guarino, managing director at Baker Newman Noyes in Woburn, Massachusetts. He is also a certified public accountant. Here's a look at other stories impacting the financial advisor business.
Here's what to know before taking your first required minimum distribution
cnbc.com
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Retirees report lower levels of well-being than they did four years ago, according to a recent survey from the Employee Benefits Research Institute. Under half of retired Americans, 48%, between the ages of 62 and 75 report being very satisfied with life in retirement, down from 62% in 2020 and 53% in 2022. Digging into the data, it's not hard to see why. Some factors are out of their control. As rampant inflation has eaten into retirees' spending power, for instance, a much larger portion of them, 68%, report having outstanding credit card debt. That's up from 43% in 2020.
Retirees are less satisfied—make 2 key moves now to be happy later, says researcher: 'It all comes back to preparation'
cnbc.com
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Artificial intelligence chatbots can write scripts or poems that emulate the styles of Quentin Tarantino and Rupi Kaur in a matter of seconds. When that happens, the original creatives should get paid for how their work contributes to large language models — much like Name, Image and Likeness (NIL) deals for college athletes, OpenAI CEO Sam Altman said at the New York Times' DealBook Summit on Wednesday. "I think we do need a new [standard] for how creators are going to get rewarded," said Altman, whose company develops and runs the ChatGPT chatbot. "We need to find new economic models where creators can have new revenue streams."
OpenAI CEO Sam Altman: You could get paid one day for the AI training data we use
cnbc.com
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The killing of UnitedHealthcare CEO Brian Thompson led Centene, another big health insurer, to switch to a virtual investor day instead of a planned in-person event in New York. Thompson's slaying also has spurred some major health companies, including UnitedHealthcare's parent company, to remove photos of executives and board members from their websites. And the health insurer Medica, which like UnitedHealthcare is based in Minnesota, closed its main campus in Minnetonka because of safety concerns for its employees.
UnitedHealthcare CEO killing spurs Centene to hold virtual meeting and insurers to pull exec photos
cnbc.com
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22-year-old Randy Roblero runs his own mobile car detailing business in West Palm Beach, Florida. This year, he's on track to bring in about $77,000 — nearly double the $41,000 he earned at his old job. Learn how he built up his business and spends his income: https://cnb.cx/41ttL2q
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Tens of thousands of wealthy Americans have not filed tax returns in recent years, and many are not complying with IRS efforts to get them to do so, according to data obtained exclusively by CNBC. Read more here: cnb.cx/3ZHhZAz
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More people are living at American malls as real estate developers knock down department stores and construct apartment buildings in their place. At least 192 U.S. malls planned to add housing to their footprint as of January 2022, and at least 33 had constructed apartments since the pandemic began. Dozens more apartment projects are currently underway in California, Florida, Arizona and Texas. Watch the full video: cnb.cx/3D2MeZE