Investors have again rushed into the conglomerate controlled by Gautam Adani after a panel signaled that the investigation into the company’s finances was getting nowhere.
Category: Stocks and Bonds
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The Fed Chair Says Inflation Remains Too High
The Fed chair said that it would take “some time” for inflation to moderate and that the central bank would continue to look at data as it considers whether to raise rates next month.
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What the Markets Are Telling Us About the Debt Ceiling
The odds of a U.S. default are low, but the consequences could be dire. Our columnist explains how financial markets are assessing the risks.
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Tesla Changed a Deadline for Investor Proposals, Angering Activists
Some shareholders saw the automaker’s decision to move up the deadline by two months as a way to suppress criticism during the company’s annual meeting on Tuesday.
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The Week in Business: Trump on TV
Inflation continues to slow. Elon Musk says he’s found a new C.E.O. for Twitter. And there will be a pair of Senate hearings on the banking crisis.
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PacWest Bank, Shedding Billions in Deposits, Enters Renewed Market Spiral
The Los Angeles-based lender said that its falling stock price ignited customers’ “fears of the safety of their deposits.”
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Carl Icahn’s Firm Faces Federal Inquiry
The billionaire activist investor’s company said that U.S. prosecutors had asked for information about its operations after a short seller’s report took aim at the way the firm is run.
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How Wall Street Is Preparing for a Debt Ceiling Showdown
Stocks aren’t showing signs of panic about the government’s ability to pay its bills, but there is anxiety creeping into other markets.
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The Week in Business: The 10th Straight Rate Increase
First Republic collapses, and some smaller banks are now facing pressure from investors. Job growth last month was stronger than expected. And debt ceiling talks are set.
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Smaller Banks Are Scrambling as Share Prices Plunge
Investors are not convinced that regional banks including PacWest and Western Alliance can remain viable. Some are actively betting on their demise.