The Adani Group, founded by Gautam Adani, Asia’s richest person, has lost $50 billion in value this week as it rebutted a critical report from a New York investment firm.
Category: Stocks and Bonds
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Your Investment Lost Money Last Year. So Why the Big Tax Bill?
When you invest and where matters for taxes. But a few rules of thumb can stave off some nasty surprises, our columnist says.
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Tesla’s Profit Jumped 12% in Fourth Quarter
The electric car company is facing intensifying competition, supply chain disruptions and concerns about the behavior of Elon Musk.
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A Short Seller, Hindenburg Research, Bets Against Adani Group
Hindenburg Research accused the Adani Group of orchestrating the “largest con in corporate history,” sending shares of its companies tumbling on Wednesday.
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N.Y.S.E. Glitch Leads to Wild Swings in Share Prices
Prices eventually returned to normal levels, but the turmoil left some traders uncertain of whether their orders were placed.
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Murdoch No Longer Wants to Combine His Media Empire
News Corp, one of his companies, said Rupert Murdoch had determined that a merger was “not optimal for shareholders of News Corp and Fox at this time.”
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Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’
Under questioning, Mr. Musk said he hadn’t discussed how much money investors would put in to help him take his car company private.
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Senators Will Prod Live Nation and Ticketmaster on Antitrust
The company’s grip on ticket sales, and its move last year to cancel sales for Taylor Swift’s upcoming tour, will be a big focus of an antitrust-focused hearing.
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The Week in Business: The Debt Limit and Politics
Microsoft and Alphabet, the parent company of Google, both said they would cut thousands of jobs. And initial estimates of economic growth in the U.S. in the fourth quarter come out Thursday.