Tencent Video, originally launched as a premium streaming service offering exclusive content and ad-free viewing experiences, has seen a gradual erosion of its member benefits over time. Many long-time users have reported a decrease in the quality and quantity of exclusive shows and movies available to members, with some even claiming that certain popular titles are now only accessible through additional pay-per-view fees.Super Micro Computer ( SMCI 6.78% ) roared into the year with strength as a leader in the high-growth area of artificial intelligence (AI). The company makes a variety of equipment, such as servers and full-rack scale solutions, crucial to AI data centers, and this has helped revenue soar in the triple digits in recent quarters. The share price followed, climbing 188% in the first half of the year. But a series of troubles that started with a short report in late August set off a decline in investor confidence -- and a drop in the share price. The shares tumbled 22% in the four trading sessions after the short report alleging accounting problems at Supermicro. They continued their declines as the company delayed filing its 10-K annual report and a 10-Q quarterly report and lost its auditor. Since that news several weeks ago, though, Supermicro seems to have turned things around. The company hired a new auditor to catch up on those filings, and in the latest positive news, a special committee investigating Supermicro's accounting practices found no evidence of fraud. Could Supermicro, now trading at bargain levels, become the biggest recovery story of 2025? Let's find out. Supermicro's successes and troubles First, let's walk through Supermicro's successes and troubles over the past year. The company started 2024 off on the right foot, reporting its first $3 billion quarter, with revenue that surpassed annual revenue as recently as 2021. Demand from AI customers was soaring, and catalysts such as the launch of Nvidia 's new Blackwell architecture promised to help this momentum continue. Supermicro incorporates chip designers' innovations into its systems, so their new releases translate into growth for the equipment maker. Another victory for Supermicro: The S&P 500 invited the stock to join, showing that Supermicro had become one of the major companies powering today's economy. Finally, Supermicro shares climbed so high -- beyond $1,000 earlier this year -- that the company announced a 10-for-1 stock split , with the new split-adjusted shares to start trading as of Oct. 1. By lowering the per-share price through the issuance of new shares to current holders, stock splits open up the investment opportunity to a broader range of investors. Then came the difficult period, launched by a Hindenburg Research short report alleging "glaring accounting red flags" and other problems. Supermicro called the statements "false or inaccurate." But the shares continued to decline as the company delayed its annual report and a quarterly report and its auditor quit. This delay in reporting prompted the Nasdaq to send Supermicro a non-compliance letter, the first step to a possible delisting . The special committee's conclusions Meanwhile, an independent special committee formed by the Supermicro board reviewed points brought up by former auditor Ernst & Young and recently completed its mission. The special committee recommended the appointment of a new chief financial officer and the addition of executive-level positions to keep everything on track, considering Supermicro's rapid growth in recent times. But the committee, in its review, found no evidence of fraud. Supermicro also recently said it sent a compliance plan to the Nasdaq and aims to file reports according to the exchange's timetable. Importantly, the company said it doesn't expect any restatements from the fiscal year that ended in June or previous fiscal years. These two elements -- the special committee's conclusion and Supermicro's compliance plan -- are excellent news, showing that the worst of outcomes may have been avoided. I'm talking about findings of fraud, a Nasdaq delisting, and major financial restatements. Is Supermicro out of the woods? That said, before we can truly breathe a sigh of relief, it's important to see the audited financial statements once they're available. Right now, it's too early to say Supermicro is completely out of the woods. So, even though Supermicro shares trade at the bargain level of 14 times forward earnings estimates , it's still risky to buy the stock today. Now, let's get back to our question: Could Supermicro become the biggest recovery story of 2025? This will depend on the contents of those financial statements and whether they're filed according to the Nasdaq's requested timetable. If Supermicro misses those targets, it's unlikely the shares will take off. But if the company does satisfy investors with its earnings and the Nasdaq with compliance, Supermicro shares may soar -- and this AI equipment giant could become the top recovery story of the new year.
Prediction markets have been around for a long time, but it was only during the last election that they broke fully into the mainstream, with bets on Donald Trump or Kamala Harris soaring. A month after , betting platforms like Kalshi are looking ahead to what's next for the industry. They say the surge in user activity is trickling down to other markets, ranging from pop culture and celebrity drama to bets on the weather. Betting experts, meanwhile, predict the market will keep growing. Observers see brokerages and startups racing to capitalize on the increased interest since the election, and say that trend could be especially pronounced as regulation eases. Kalshi cofounder Tarek Mansour says his site saw a rapid surge in user activity after winning the right to offer political trades to US users following a with the Commodity Futures Trading Commission in October. That burst of activity has had the effect of encouraging users to bet on non-political outcomes, too, he said. "Once you're in, you have an account, you understand how it works, you have the habit of checking, you're going to trade more, right?" he told Business Insider. Political trades still appear to have the greatest volume on the site, with bets on Trump's cabinet picks raking in millions in betting volumes. Users have wagered $6.5 million on Trump's pick for Secretary of Defense, while his choice of FBI Director has garnered $1.8 million as of Friday afternoon. Other policy outcomes, like the Federal Reserve's rate-cutting cycle, are gaining close attention from traders, too. Users have wagered about $6.3 million on the number of rate cuts in 2024, and another $2.3 million on the Fed's decision in December. Northwestern University's Thomas Miller, who studies prediction markets closely and runs the election forecasting model, , says interest in those markets makes sense. Beyond just making a profit on a correct bet, investors using economic markets may be looking to offset any related risk to their portfolios. "They are a hedging mechanism. There are investors that are going to be like investors in the political markets, where they're just making a prediction of what's going to happen, but there are also investors in the economic markets that are hedging," he told Business Insider. Bets on pop culture have also gained steam in recent weeks, like the winner of the Game of the Year and Grammy Song of the Year, both of which have drawn around $500,000 worth of bets. Rotten Tomatoes scores for particular movies and the Oscars winner for Best Picture are also popular betting markets. Even the weather is attracting bettors. A bet based on the highest temperature recorded in New York City for Friday was among the site's top 10 trending trades on Friday afternoon. Still, volumes in other categories pale in comparison to political bets on the site. Harry Crane, a statistics professor at Rutgers University who studies prediction markets, says he suspects sports bets, if legal for the sites, could be a good entry point to rack up greater volume in non-political trades. "Sports betting is just very popular. Elections are popular every couple of years, but not on a daily basis," Crane said. Kalshi's increasingly rapid listing process could also help the rising interest in more quickly resolved trades in areas like pop culture and weather. "We listed more markets in October alone than the entire past 12 months combined," Mansour said, adding that it now takes 24 hours or less to list a new market. Listing their first-ever market took 18 months. Crane and Miller said the incoming Trump administration's lighter approach to regulation could also help predictor markets grow. Miller says less regulation could generate more interest from large brokerages and new sites looking to capitalize on the rising interest in prediction markets, joining retail brokerages like . "This is going to be another area for securities and financial services. Absolutely. We're just starting to see it," Miller said, adding, "We're at the beginning of a new cycle." Those new competitors will likely be helped, too, by Kalshi's court win earlier this year, he said. "That's a signal to other firms," he said. "It is now legal, so I don't have to be concerned about regulators coming after me as long as I play the game fair, transparent, and in the contracts they offer." Crane argues any market manipulation attempts harder to pull off, he says. "Everything kind of feeds off of everything else, and by trying to limit one aspect of it, or trying to police one aspect of it, it can often ruin the entire market function," Crane told BI in a previous interview in August. Mansour similarly welcomes looser regulation and greater competition in the industry, and says it will only help prediction markets to grow. "I think more players will help build the asset class faster. That's a good thing," he said, adding, "I don't see a reason why prediction markets won't topple the stock market at some point. It's very simple. Yeah, people care about stocks, but people care more about politics or COVID, economics or weather. So they should be trading it," he said. Read the original article onNikki Hamblin Purchases 2,220 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) Stock
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The outcome of the investigation could have far-reaching implications for Nvidia's business operations in China and its global reputation. If found guilty of antitrust violations, Nvidia could face significant fines and damage to its brand image, as well as potential restrictions on its business practices in the country.
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In conclusion, the A-share market’s surge to the top trending charts reflects the dynamic and resilient nature of China’s financial markets. With the RMB on the rise and the consumer market thriving, the A-share market is carving out a superhighway of growth and prosperity for investors. As the market continues to evolve and adapt to changing economic conditions, savvy investors stand to reap the rewards of participating in this exciting and dynamic investment landscape.As game developers continue to push the boundaries of storytelling and immersion in video games, one aspect that often receives special attention is the interactions and dialogue of non-playable character (NPC) companions. These virtual allies can make or break the player experience, offering valuable insights, humorous banter, and even emotional connections. However, striking the right balance with NPC dialogue is crucial; excessive chatter can quickly become annoying, overwhelming, and ultimately lead players to resent their virtual companions.Liz Davis is a familiar face to hundreds of girls who have attended high school at St Mary Star of the Sea College. Subscribe now for unlimited access . Login or signup to continue reading Mrs Davis has been with the Wollongong school for 45 years: 44 of those as a teacher, and now as its archivist, the caretaker of its history. It was the "beautiful" teachers she had at Oak Flats High School, two in particular, who inspired her long career in education. These were a maths teacher, a gentle and friendly man named Mr Horton who made maths interesting, and a geography teacher, Miss Faulks (later Mrs Ross), who was generous in giving her time to explain things the young Mrs Davis didn't understand. "I was just snookered from year eight ... I just knew I wanted to become a teacher," she said. Mrs Davis went on to become a maths and geography teacher herself. But her path to teaching was not always easy: in her first year of university Mrs Davis was hit by a semi-trailer while crossing the road. While she miraculously escaped grievous injuries she suffered a broken hand and took the rest of the year off university to recover. Serendipitously, the delay meant that upon returning to university she met the man who became her husband, Ken. Mrs Davis finished her course, did honours and worked as a research assistant at Macquarie University before a postgraduate scholarship at the University of Toronto took her to Canada. Later, she taught at TAFE and took a job at an Anglican girls' school in Hurstville. "I loved my time there, I loved it - it was my first teaching role at a school," she said. Mrs Davis said she would have happily stayed there had Ken not wanted to return to the Illawarra. She applied for a job at The Illawarra Grammar School but the timing didn't work. Then a job came up at St Mary's and she started working there in September 1979, the start of a long connection with the school. She has seen many changes in that time: new buildings have sprung up, and nuns no longer teach there. But the school's values, which draw on the parable of the Good Samaritan, still reflect her own, especially hospitality and stewardship. Mrs Davis is passionate about social justice and is still the mentor of the Interact club (an offshoot of Rotary), through which students undertake community service projects. The school is also involved with other charities and causes. Mrs Davis recalled the students collecting resources for Sri Lankan children in the wake of the 2004 Boxing Day tsunami and later sponsoring the education of an orphaned girl, who went on to become a science teacher. "The academic's really good too ... but to give back to the community, to me, is so, so important," Mrs Davis said. Mrs Davis attributes this passion to her refugee background: she moved to Australia with her family when she was five after they fled the Russian invasion of Hungary in 1956. She finished teaching last year but stayed as its archivist, with her work not only about preserving history but telling year seven students the school's 151-year story. Mrs Davis said the pinnacle of her career was seeing students leave the school satisfied with their time there. "If I had to relive it again, I'd do it the same, because it's just been a really, really happy journey for me," she said. Reporter at the Illawarra Mercury, mostly covering social affairs and education. Our Watch award winner. If you've got a story, let me know. Reporter at the Illawarra Mercury, mostly covering social affairs and education. Our Watch award winner. If you've got a story, let me know. More from Education Newsletters & Alerts DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Get the latest property and development news here. WEEKLY Find out what's happening in local business. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily!In conclusion, the escalating complaints related to Tencent Video's membership services highlight the importance of delivering on promises made to paying customers and maintaining a high standard of service and quality. As competition in the online streaming market intensifies, it is essential for companies like Tencent Video to prioritize customer satisfaction and strive to exceed expectations to retain the loyalty of their subscribers. Failure to do so may result in further erosion of trust and a loss of revenue for the company in the long run.
As Alibaba continues to expand its cloud computing operations and serve a growing number of customers globally, incidents like the recent fire underscore the need for continuous vigilance and proactive measures to mitigate risks and ensure the uninterrupted delivery of cloud services.Yeh Jawaani Hai Deewani, starring Ranbir Kapoor, Deepika Padukone and Aditya Roy Kapur, is set to re-release in cinemas. Dharma Productions, the banner behind the film, announced the news on their social media handles. The re-release of films is part of a growing trend of classic superhit films making a return to the big screen. Before YJHD, Dharma's Kal Ho Naa Ho, starring Shah Rukh Khan, Preity Zinta, and Saif Ali Khan was re-released in cinemas. The film is (adsbygoogle = window.adsbygoogle || []).push({}); re-releasing in select cinemas across India and the UK on January 3, 2025 Earlier this month, Dharma Productions shared a cryptic post about Yeh Jawaani Hai Deewani, sparking speculation among fans about a possible sequel. However, the announcement confirmed that instead of a new instalment, the 2013 hit will be re-released in cinemas, allowing a new generation of moviegoers to experience the magic of this iconic film on the big screen once again.
Super Micro Computer Sank Amid Financial Reporting Troubles in Recent Months. Could the Stock Become the Biggest Recovery Story of 2025?Moreover, trade tensions between major economies remain a source of concern. Escalating disputes over tariffs, subsidies, and intellectual property rights could disrupt the flow of goods and lead to a slowdown in trade growth. The situation is further exacerbated by geopolitical uncertainties and the emergence of new trade barriers in certain regions, which add to the complexity of the global trading system.