The cancellation of the offering is a blow to the company and its billionaire owner, Gautam Adani.
Category: Stocks and Bonds
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Stock Market’s Newfound Optimism Faces Test as Fed Meets
Recent stock gains have been driven by hope that a rate-raising cycle is close to ending. If investors decide they were wrong about this, a drop could follow.
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Oil Giants, After Surge in Profits, Are Wary About Spending
Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
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U.S. Courts India as Technology Partner to Counter China
American and Indian officials are working toward new partnerships in defense technology, advanced telecom and semiconductors.
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Embattled Indian Business Empire Raises $2.5 Billion in Tricky Share Offering
Gautam Adani’s conglomerate managed to raise fresh funds despite market turmoil looming over the move.
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Why Stripe Is Raising Money at a Lower Valuation
Stripe’s plan to raise billions at a lower valuation underlines the challenges facing start-ups seeking money as the market for initial public offerings stays shut.
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The Last Boeing 747 Leaves the Factory
The plane known as “Queen of the Skies” helped make air travel more affordable, but it has been supplanted by smaller, more efficient aircraft.
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Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
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The Week in Business: Creeping Layoffs
Data shows that the U.S. economy has been largely resilient. The Fed may slow its rate increases. And the jobs report is expected to show solid gains.
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Gautam Adani’s Conglomerate Shaken by Stock Market Rout
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.
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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.