India’s Adani Begins Record Share Selling as Short Seller Causes $44 Billion Loss

India’s Adani Begins Record Share Selling as Short Seller Causes  Billion Loss

MUMBAI, Jan. 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) fell 15% on Friday as a damning report from a US short seller sparked defeat among the conglomerate’s listed companies, casting doubt on how investors will responding to the company’s record $2.45 billion in secondary sales. Seven publicly traded companies of the Adani conglomerate … Read more

US CDC is still looking at the potential risk of stroke from Pfizer’s COVID bivalent injection

US CDC is still looking at the potential risk of stroke from Pfizer’s COVID bivalent injection

26 Jan. (Reuters) – New data from a US Centers for Disease Control and Prevention (CDC) database shows a possible link to stroke risk for older adults taking an updated Pfizer (PFE.N)/BioNTech (22UAy.DE) COVID-19 received a booster shot, but the signal is weaker than what the agency flagged earlier in January, health officials said Thursday. … Read more

Explainer: Why is Turkey blocking Swedish and Finnish NATO membership?

Explainer: Why is Turkey blocking Swedish and Finnish NATO membership?

STOCKHOLM, Jan. 25 (Reuters) – Sweden’s and Finnish hopes of quickly joining NATO have hit an obstacle in the form of objections from Turkey, which has veto power over joining the military alliance. The three nations reached an agreement in Madrid last June on how to proceed, but Turkish President Tayyip Erdogan has said Sweden … Read more

Strong US economic growth expected in fourth quarter, outlook deteriorates

Strong US economic growth expected in fourth quarter, outlook deteriorates

GDP is expected to grow by 2.6% in the fourth quarter Strong consumer spending seen; contributions from other sectors Weekly jobless claims are expected to increase slightly WASHINGTON, Jan. 26 (Reuters) – The US economy is likely to have maintained strong growth rates in the fourth quarter as consumers pushed up spending on goods, but … Read more

Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

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

IBM cuts 3,900 jobs, misses annual cash target

IBM cuts 3,900 jobs, misses annual cash target

25 Jan. (Reuters) – IBM Corp. (IBM.N) announced 3,900 layoffs on Wednesday as part of a series of asset divestments and missed its annual cash target, dampening sentiment about beating fourth-quarter revenue expectations. Chief Financial Officer James Kavanaugh told Reuters the company was still “committed to hiring for customer-centric research and development.” The layoffs — … Read more

Former kickboxer Andrew Tate says Romanian prosecutors have no evidence against him

Former kickboxer Andrew Tate says Romanian prosecutors have no evidence against him

BUCHAREST, January 25 (Reuters) – Divisive internet personality Andrew Tate said on Wednesday that there was no justice in Romania and that the file against him in a criminal investigation for alleged human trafficking and rape was empty. Tate, his brother Tristan and two Romanian female suspects have been held in police custody since December … Read more

Microsoft cloud outage affects users around the world

Microsoft cloud outage affects users around the world

A failure has consequences for the Microsoft cloud platform Azure for hours Multiple Microsoft services including Teams and Outlook hit Microsoft says most customers have now restored service Shares down 3.2% Jan. 25 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it had restored all of its cloud services after a network outage knocked out … Read more

Hindenburg says he has short positions in India’s Adani

Hindenburg says he has short positions in India’s Adani

BENGALURU, Jan. 25 (Reuters) – Hindenburg Research said on Wednesday it has short positions in Adani Group companies through US-traded bonds and non-Indian-traded derivatives, causing shares of companies in the Indian conglomerate to slide. The short-seller said seven listed Adani companies are down 85% fundamentally due to skyrocketing valuations and that “major Adani listed companies … Read more

Taylor Swift concert fiasco sparks U.S. Senate whims for Ticketmaster

Taylor Swift concert fiasco sparks U.S. Senate whims for Ticketmaster

WASHINGTON, Jan. 24 (Reuters) – US senators on Tuesday criticized Live Nation Entertainment’s lack of transparency and inability to block bot purchases of tickets at a hearing following 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 … Read more