Jobs report to give clues about the direction the economy is taking

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

Gautam Adani’s firm loses $50 billion in market value after report on short sellers

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

Gautam Adani eyes legal action over Hindenburg’s ‘baseless’ fraud allegations

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

Gautam Adani eyes legal action over Hindenburg’s ‘baseless’ fraud allegations

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

Forget inflation, it’s all about income

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

Forget inflation, it’s all about income

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

Covid loan repayment hammers millions of businesses

CNN — At Teddy Restaurant & The Bully Bar near downtown Washington, DC, business has never been the same since the pandemic hit. “It’s very difficult,” said owner Alan Popovsky. “I will still be climbing the hill for a while. Probably for the rest of my life. The pandemic has closed two of Popovsky’s four … Read more

Has inflation finally peaked? | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — It may be a new year. But for investors, consumers and the Federal Reserve, inflation remains a top economic concern, just as it was in 2022. With that in … Read more

With its ad business in crisis, Twitter eases ban on political ads

CNN — More than three years ago, Twitter banned political and themed ads amid broader concerns that politicians could pay to target social media users with false or misleading information. Now, under new owner Elon Musk, the company is easing that ban, which could give Twitter a much-needed sales boost at a time when Musk … Read more

FTX Founder Sam Bankman-Fried Pleads Not Guilty

New York CNN — Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, has pleaded not guilty to criminal charges, setting up a high-stakes legal battle that pits him against two of his closest former business partners. The 30-year-old entrepreneur, who has $250 million bail, was arraigned in federal court in Manhattan on Tuesday, flanked … Read more