Author: Daniel snow

The Super Micro Computer headquarters in San Jose, California, on Dec. 3, 2024.David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer shares fell about 6% on Monday after the server maker said it plans to offer $2 billion in convertible notes, maturing in 2030. A company’s stock often falls on the announcement of a convertible offering because the eventual conversion to equity could dilute existing shareholders’ stakes. Super Micro, which has seen its business boom due to soaring demand for Nvidia’s artificial intelligence processors, said in a press release that it plans to use the proceeds from the offering…

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Airspace over the Middle East on Monday afternoon EDT, according to FlightRadar24.Courtesy: Flightradar24Airlines diverted more flights in the Middle East on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, exacerbating the region’s military conflict.More than 20 commercial aircraft bound for Doha, Qatar, diverted, while another four heading to Dubai in the United Arab Emirates turned around, according to aviation data firm Cirium. Meanwhile, flight-tracking platform Flightradar24 said airspace over the UAE was closed. Reuters reported that the island nation of Bahrain also closed its airspace temporarily.British Airways said Monday…

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Oil prices fell sharply Monday after a missile strike by Iran on a U.S. airbase in Qatar left no reported casualties, raising investors’ hopes that there might be a path to de-escalate the conflict.  U.S. crude oil futures fell $4.53, or 6.13%, to $69.31 per barrel by 2:18 p.m. ET. Global benchmark Brent was last down $4.68, or 6.08%, at $72.33.Iran launched a missile strike on the Al-Udeid Air Base in Qatar in retaliation for U.S. strikes on its most important nuclear sites over the weekend, according to a NBC News translation of Iranian state TV. Qatar subsequently confirmed that…

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A woman walks past a logo of WhatsApp, during a Meta event in Mumbai, India, 20 September, 2023. Niharika Kulkarni | Nurphoto | Getty ImagesMeta is pushing back against a ban on WhatsApp from government devices.The Chief Administrative Officer (CAO) of the U.S. House of Representatives told staffers on Monday that they are not allowed to use Meta’s popular messaging app. The CAO cited a lack of transparency about WhatsApp’s data privacy and security practices as the reason for the ban, according to a report by Axios that cited an internal email from the government office.The CAO told House staff members…

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