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

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

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

Strong clan loyalty, locals, helped mafia boss Messina Denaro stay hidden

Strong clan loyalty, locals, helped mafia boss Messina Denaro stay hidden

Mafia’s last godfather enjoyed unusually strong loyalty The Omerta code of silence also helped the boss stay hidden ‘Last godfather’ Messina Denaro lived near his mother PALERMO, Italy, January 25 (Reuters) – When Salvatore Catalano discovered that mafia boss Matteo Messina Denaro lived just a short walk from his home in the western Sicilian town … 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

China offers Sri Lanka debt moratorium, IMF aid still questionable

China offers Sri Lanka debt moratorium, IMF aid still questionable

China offers debt service relief in 2022, 2023 Sri Lankan sources are unclear whether a Chinese letter will be enough for the IMF Broad agreement between IMF and China on Zambia could provide clues NEW DELHI/COLOMBO, Jan. 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt, … 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

Wall Street falters after mixed gains, trading halt malfunction

Wall Street falters after mixed gains, trading halt malfunction

SEC investigates NYSE opening bell error 3M slides on dismal Q1 forecast J&J falls on sales alert; GE down on weak earnings outlook Microsoft will release quarterly figures after the stock market close Indices: Dow up 0.18%, S&P 500 down 0.13%, Nasdaq down 0.25% NEW YORK, Jan. 24 (Reuters) – Wall Street was mixed on … Read more

Exclusive: Binance Moved $346M For Seized Crypto Exchange Bitzlato, Data Show

Exclusive: Binance Moved 6M For Seized Crypto Exchange Bitzlato, Data Show

LONDON, Jan. 24 (Reuters) – Crypto giant Binance processed nearly $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering machine”, according to blockchain data seen by Reuters. The Justice Department said on Jan. 18 that it charged Bitzlato’s co-founder … Read more