Latest in Adani Group companies lose $26 billion in market value after U.S. indictment
Sort by
5,632 items
-
Adani Group companies lose $26 billion in market value after U.S. indictment
Adani Group companies lost $26 billion in market cap on Thursday, after the U.S. alleged that founder and chairman Gautam Adani was involved in a $250 million bribery scheme.Business - MarketWatch - 2 days ago -
Shares in India's Adani Group plunge 20% after US bribery, fraud indictments
One of Asia’s richest men, Indian tycoon Gautam Adani, is again in the spotlightWorld - ABC News - 2 days ago -
Kenya cancels airport and energy deals with Adani group after the US indicts the Indian tycoon
Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest ...World - ABC News - 2 days ago -
U.S. indicts Indian billionaire Gautam Adani in $265 million bribery scheme
Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.Top stories - CBS News - 2 days ago -
Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion
The financing efforts follow that of rival OpenAI, which recently closed a funding round that valued it at $157 billion.Tech - The New York Times - October 31 -
Gautam Adani charged in US over alleged $250mn bribery scheme
Prosecutors accuse tycoon and others of lying to investors and offering millions in bribes to land lucrative contractsWorld - Financial Times - 2 days ago -
FirstFT: Russia fires its first intercontinental ballistic missile
Also in today’s newsletter, Indian billionaire Gautam Adani charged over alleged bribery scheme and DoJ requests Google break-upWorld - Financial Times - 2 days ago -
Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New York
Shares of India's Adani Group companies plunged after its billionaire chair Gautam Adani was indicted in a New York federal court.Business - CNBC - 2 days ago -
Tesla hits $1tn market value after Musk-backed Trump win
Car company’s valuation saw sharp rally on growing bets CEO would reap the benefits of his support for president-elect. Tesla’s market value breached the $1tn mark in a sharp rally on Friday, on ...World - The Guardian - November 8 -
Toast’s stock soars after company swings to profit and revenue beats estimates
Toast Inc.’s stock soared in after-hours trade Thursday, after the digital-payment platform for restaurants posted better-than-expected revenue for the third quarter, offsetting a profit miss.Business - MarketWatch - November 8 -
Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network
The U.S. Air Force began deploying the Global Positioning System (GPS) nearly 50 years ago, critical infrastructure to both the military and economy.Business - CNBC - November 1 -
-
US Regulators Seek to Block UnitedHealth’s $3.3 Billion Purchase of Home Care Company
The Justice Department and four Democratic state attorneys general argued that United’s takeover would limit competition and harm consumers needing home or hospice care.Business - The New York Times - November 12 -
Russian and Other Groups May Try to Undermine U.S. Elections After Vote
Groups from Russia and other countries could continue to stoke political discord until the election is certified in January, intelligence agencies say.World - The New York Times - November 5 -
Adani scandal will rock Indian market’s coming of age
Turbulence draws fresh attention to risks and pricey valuations of local stocksWorld - Financial Times - Yesterday -
Markets set for rally after U.S. elections, Barclays says
Markets will likely experience a ‘mild relief rally’ in the wake of the vote as a smooth transition starts to come into sightBusiness - MarketWatch - October 28 -
What the stock market typically does after the U.S. election, according to history
Stocks typically rise after a presidential election, but investors need to be prepared for some short-term choppiness first, history shows.Business - CNBC - November 5 -
Elon Musk's companies balloon in value, with one exception
Tech giant Elon Musk has successfully expanded several businesses, bolstering his capital and financial prowess to become the richest person on Earth. But the billionaire entrepreneur has seen a ...Politics - The Hill - November 16 -
Charter’s broadband saga may have bottomed. Has its stock done the same?
Charter shed 110,000 internet customers in the quarter, but a MoffettNathanson analyst thinks the rate of decline has bottomed out.Business - MarketWatch - November 1 -
Clinton Defense chief: Netanyahu ‘in very bad company’ with ICC indictment
The ICC issued arrest warrants for Netanyahu and a former defense minister on war crimes allegations.Politics - The Hill - Yesterday -
Adani Group slams 'baseless' New York fraud and bribery charges
India's Adani Group has denied allegations of bribery and fraud made by U.S. authorities in relation to the group's chair Gautam Adani.Business - CNBC - 2 days ago -
McDonald’s Seeks to Resolve E. Coli Crisis and Return Focus to Value
The fast-food giant’s earnings results did not reflect the potential fallout from an E. coli outbreak that the company said it moved quickly to contain.Business - The New York Times - October 31 -
Lebanon's Military Can Barely Fight---Even After $3 Billion From the U.S.
The country’s armed forces are ill-equipped to secure its borders and push aside Hezbollah, the Iran-backed militant group that is now battling Israel.World - The Wall Street Journal - October 31 -
US House panel keeps Gaetz sex allegation report under wraps
Democrats demand release of files on Donald Trump’s pick to be country’s attorney-generalWorld - Financial Times - 2 days ago -
UK cuts fines for boilermakers in climbdown on heat pump sales
Shift comes after intense lobbying from industry over incoming penalties tied to net zero targetsWorld - Financial Times - 2 days ago -
Elon Musk's xAI in Talks to Raise Funding Valuing It at $40 Billion
The new fundraising effort would substantially increase startup’s valuation from spring.Tech - The Wall Street Journal - October 29 -
The Columbus Blue Jackets Are Now Valued Over $1 Billion Per Sportico
The Columbus Blue Jackets paid an expansion fee of $80 million to start in 2000.Sports - Yahoo Sports - October 30 -
Philadelphia Phillies capital raise values the team at around $3 billion
The Philadelphia Phillies recently raised close to $500 million in capital from three new investors, according to two people familiar with the deal.Business - CNBC - November 8 -
Hertz booked a $1 billion charge as the value of its cars dropped
Hertz’s stock slips, but bounces sharply off earlier lows, as $1 billion write-off of car values reflects acceleration of fleet rotation.Business - MarketWatch - November 12 -
Elon Musk's xAI Startup Is Valued at $50 Billion in New Funding Round
The artificial-intelligence company has told investors it raised $5 billion in its latest funding round.Tech - The Wall Street Journal - 3 days ago -
Interest rate cut expected from Fed, U.S. markets surge after Trump election win
Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald ...Top stories - CBS News - November 7 -
5 cheap stocks that value manager Bill Nygren likes in this overpriced market
Is the stock market expensive? Not if you know where to look.Business - MarketWatch - November 9 -
Brussels to free up billions of euros for defence and security from EU budget
Policy shift will allow the bloc’s capitals to redirect ‘cohesion funds’ amid Ukraine conflict and Trump victoryBusiness - Financial Times - November 11 -
Trump wins historic comeback after 2020 loss, indictments and bruising campaign
Former President Donald Trump prevailed in his third presidential bid — after four indictments, one conviction, two Democratic opponents and two assassination attempts.Top stories - CBS News - November 6 -
Man arrested after £300,000 cheese theft
Fraudsters stole 22 tonnes of high-value cheddar worth more than £300,000 earlier in October.Top stories - BBC News - October 31 -
$20bn wiped off Adani corporate empire after bribery charges
US corruption charges against one of India’s richest men sent shares in his businesses reelingBusiness - Financial Times - 2 days ago
