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

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

Unanswered questions about Trump’s tax returns

New York CNN — After years of legal battles, pontifications and theories, former President Donald Trump’s tax returns from 2015 to 2020 are now part of the public record. Many critics and political opponents have speculated that Trump opposed public disclosure of his tax returns because they potentially provide evidence of illegal or politically damaging … Read more

Tesla shares are down 70% for the year

New York CNN — Tesla’s stock is ending its tumultuous year with even more turbulence: It was up nearly 6% on Thursday, but still down more than 10% since last week. And another drop in its price target from Morgan Stanley doesn’t help. Since the start of the year, the stock has fallen by around … Read more

Who’s Afraid of Wells Fargo?

Editor’s note: A version of this story appeared in CNN Business’ Nightcap newsletter. To receive it in your inbox, subscribe for free, here. New York CNN — Wells Fargo has reached a $3.7 billion settlement with regulators over the bank’s “widespread mismanagement” that allegedly affected more than 16 million consumer accounts. The Consumer Financial Protection … Read more