A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — The Federal Reserve will raise interest rates again on Wednesday. But will it be another half-point hike or just a quarter-point hike? And the rest of the year? The … Read more
New Delhi CNN — The value of Gautam Adani’s business empire has plummeted by more than $50 billion this week since Hindenburg Research, a US firm that makes money from short selling, released a scathing report l accusing of fraud. India’s Adani Group has denounced Hindenburg’s allegations as “baseless” and “malicious”, and is considering legal … Read more
CNN — ChatGPT is smart enough to pass prestigious university-level exams, but not with particularly high marks. According to school teachers, the powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at the Wharton School of Business at the University of Pennsylvania. To test … Read more
CNN — ChatGPT is smart enough to pass prestigious university-level exams, but not with particularly high marks. According to school teachers, the powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at the Wharton School of Business at the University of Pennsylvania. To test … Read more
New Delhi CNN — The Indian group Adani has denounced the fraud allegations made by Hindenburg Research as “baseless” and a “malicious combination of selective misinformation”, and is considering legal action against the US-based short seller. Hindenburg Research released an investigation into billionaire Gautam Adani’s sprawling conglomerate on Tuesday, accusing it of “brazen stock manipulation … Read more
New Delhi CNN — The Indian group Adani has denounced the fraud allegations made by Hindenburg Research as “baseless” and a “malicious combination of selective misinformation”, and is considering legal action against the US-based short seller. Hindenburg Research released an investigation into billionaire Gautam Adani’s sprawling conglomerate on Tuesday, accusing it of “brazen stock manipulation … Read more
hong kong CNN — Millions of gamers in China have lost access to the iconic “World of Warcraft” franchise and other popular video games as Blizzard Entertainment’s servers in the country went offline after two decades. The company’s services in China were suspended at midnight local time on Tuesday, marking the end of an era … Read more
Davos, Switzerland CNN — Optimism about the global economy has been rare among business leaders in recent months, with recession fears clouding the outlook and limiting investment. Now, cautious optimism is looking through. That’s largely thanks to China, whose sudden removal of tough coronavirus restrictions late last year is expected to trigger a spending spree … Read more
New York CNN — For everything there is a season and now is the time for winnings. Over the past few weeks, investors have focused on inflation and Fed policy, but now market reactions are heating up for earnings (especially misfires) and waning for economic data. What is happening: “We expect earnings to take center … Read more
New York CNN — First, it was disposable cameras. Then it was low rise jeans. Now, Gen-Z’s latest “vintage” obsession is the flip phone – that mid-1990s-era phone that suddenly became so popular with millennials. Today, these smaller, lighter devices — some available for as little as $20 at major retailers like Walmart and Amazon … Read more