CARV

Concerns Raised by DCCG: Dream Chasers Capital Group (DCCG) has called for the resignation of Carver Bancorp's entire Board of Directors, citing allegations of nepotism, financial self-dealing, and mishandling of employee-related incidents, particularly in light of a proposed Nasdaq delisting.

Impact on Communities of Color: DCCG warns that a Nasdaq delisting would significantly harm African American communities served by Carver, urging influential financial partners like JP Morgan to intervene and support the bank's mission to build wealth in these communities.

Call for Shareholder Action: DCCG encourages shareholders to contact board members to demand a delay in the delisting decision and a special meeting for a shareholder vote, emphasizing the need for transparency and accountability from the board.

Allegations of Mismanagement: The letter from DCCG highlights questionable financial transactions involving board members, including undisclosed relationships and cronyism in hiring practices, which they argue have led to significant shareholder losses and a breach of fiduciary duty.

U.S. Stock Market Performance: U.S. stocks showed mixed results, with the Dow Jones down 0.23%, while the NASDAQ and S&P 500 saw slight gains of 0.19% and 0.08%, respectively.

Lowe's Earnings Report: Lowe's Companies, Inc. shares rose over 5% after exceeding profit expectations for Q3, reporting adjusted earnings per share of $3.06, although sales fell slightly short.

Notable Stock Movements: WeShop Holdings saw a dramatic 413% increase following its Nasdaq debut, while Agios Pharmaceuticals and Carver Bancorp experienced significant declines of 50% and 51%, respectively.

Commodity and Economic Updates: Oil prices fell by 2.4% to $59.26, while gold and silver saw slight increases. The U.S. trade deficit narrowed to $59.6 billion in August, with a notable decline in crude oil inventories.

U.S. Stock Market Performance: U.S. stocks showed mixed results, with the Nasdaq Composite gaining over 100 points, while the Dow fell by 0.20%. The S&P 500 also saw a slight increase of 0.35%.

Target Corporation Earnings Report: Target reported a third-quarter profit that exceeded expectations but fell short on sales, leading to a reduction in its full-year earnings outlook.

Notable Stock Movements: WeShop Holdings saw a significant increase of 148% following its Nasdaq debut, while Freight Technologies surged 77% after launching a new AI platform. Conversely, Inspire Veterinary Partners and Carver Bancorp experienced substantial declines.

Commodity and Economic Updates: Oil prices dropped by 2.3%, while gold and silver saw slight increases. Additionally, U.S. crude oil inventories fell more than expected, and the trade deficit narrowed significantly in August.