India Adani slammed by $45bn stock rout, obscuring record stock sale

India Adani slammed by bn stock rout, obscuring record stock sale

MUMBAI, Jan 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) fell nearly 20% on Friday as a scathing report from a U.S. short seller sparked a rout in listed companies from the conglomerate, casting doubts on how investors will respond to the company’s record $2.45 billion secondary sale. Seven listed companies in the Adani … Read more

US CDC still investigating potential stroke risk from Pfizer’s bivalent COVID vaccine

US CDC still investigating potential stroke risk from Pfizer’s bivalent COVID vaccine

Jan 26 (Reuters) – New data from a U.S. Centers for Disease Control and Prevention (CDC) database shows a possible link to stroke risk for older people who have been updated Pfizer’s (PFE.N)/BioNTech’s (22UAy.DE) COVID-19 recall, but the signal is weaker than what the agency reported earlier in January, health officials said Thursday. U.S. Food … Read more

Musk describes Tesla’s recession book: cost recovery

Musk describes Tesla’s recession book: cost recovery

Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) heading into what he thinks is a “serious” recession: cutting costs on everything from parts to logistics, while maintaining pressure on competitors with reduced prices. . During a conference call to discuss Tesla’s fourth quarter results, Musk and other executives outlined plans to … Read more

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have boosted demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying fears a weak economy could strangle the buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit … Read more

Ex-kickboxer Andrew Tate says Romanian prosecutors have no evidence against him

Ex-kickboxer Andrew Tate says Romanian prosecutors have no evidence against him

BUCHAREST, Jan 25 (Reuters) – Controversial internet personality Andrew Tate said on Wednesday there was no justice in Romania and the case against him in a criminal investigation for human trafficking and rape was empty. Tate, her brother Tristan and two Romanian suspects have been in police custody since December 29 pending an ongoing criminal … Read more

Hindenburg says holds short positions on Adani in India

Hindenburg says holds short positions on Adani in India

BENGALURU, Jan 25 (Reuters) – Hindenburg Research said on Wednesday it held short positions in Adani Group companies through U.S.-traded bonds and derivatives not traded in India, sending shares of the companies tumbling. of the Indian conglomerate. The short seller said seven Adani-listed companies are down 85% on a fundamental basis due to skyrocketing valuations … Read more

Taylor Swift Concert Fiasco Leads to U.S. Senate Grill Ticketmaster

Taylor Swift Concert Fiasco Leads to U.S. Senate Grill Ticketmaster

WASHINGTON, Jan 24 (Reuters) – U.S. senators on Tuesday denounced Live Nation Entertainment’s lack of transparency and failure to block robotic ticket purchases, in a hearing called after a major fiasco involving ticket sales for Taylor Swift’s upcoming concert tour. Ticketmaster, a subsidiary of Live Nation Entertainment Inc (LYV.N), which has been unpopular with fans … Read more

New Zealand’s Ardern bids emotional farewell on final day as Prime Minister

New Zealand’s Ardern bids emotional farewell on final day as Prime Minister

WELLINGTON, Jan 24 (Reuters) – Jacinda Ardern said a moving farewell on Tuesday on her last day as prime minister, speaking of the kindness and empathy shown to her by New Zealanders, but said she was ready to be a sister and a mother. Days after stunning the world when she announced she had ‘nothing … Read more

Wall Street extends rally, propelled by tech rebound

Wall Street extends rally, propelled by tech rebound

Baker Hughes stumbles upon missing fourth-quarter earnings estimates Activist investor Elliott Management takes stake in Salesforce Tokens increase following Barclay upgrade Indices up: Dow 0.76%, S&P 1.19%, Nasdaq 2.01% NEW YORK, Jan 23 (Reuters) – Wall Street closed sharply higher on Monday, fueled by soaring tech stocks as investors kicked off a profit-rich week with … Read more

Pakistan scrambles to restore power after second major grid outage in months

Pakistan scrambles to restore power after second major grid outage in months

ISLAMABAD, Jan 23 (Reuters) – Pakistan’s government said on Monday it was working to restore power to millions of people after a grid outage triggered the worst blackout in months and put highlight the weak infrastructure of the heavily indebted nation. Energy Minister Khurram Dastgir told reporters that an investigation had been opened into the … Read more