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

Musk outlines Tesla’s recession playbook: Chargeback costs

Musk outlines Tesla’s recession playbook: Chargeback costs

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

S&P 500 closes slightly red as weak business outlook fuels recession fears

S&P 500 closes slightly red as weak business outlook fuels recession fears

AT&T profits on subscriber additions General Dynamics drops after weak outlook Tesla, IBM publish results Indices: Dow up 0.03%, S&P 500 down 0.02%, Nasdaq down 0.18% NEW YORK, Jan. 25 (Reuters) – The S&P 500 ended nominally lower on Wednesday as a streak of corporate earnings ranged from dismal to dismal, reigniting concerns about the … 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

Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

24 Jan. (Reuters) – Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp (NWSA.O) and Fox Corp as the company also explores a sale of Move Inc, which operates the website Realtor.com, to CoStar Group, according to reports a legal request and resources familiar with the process. Three sources familiar with the matter … Read more

Ad spend on Twitter drops more than 70% in December – data

Ad spend on Twitter drops more than 70% in December – data

24 Jan. (Reuters) – Ad spend on Twitter Inc fell 71% in December, data from an advertising research firm showed, as top advertisers slashed spending on the social media platform following the acquisition of Elon Musk. The recent Standard Media Index (SMI) data comes as Twitter moves to reverse the advertiser exodus. It has introduced … 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