Category: Stocks and Bonds

Gautam Adani’s Rise Was Intertwined With India’s. Now It’s Unraveling.

The New York Times – Business:
The tycoon often said the Adani Group’s goals were in lock step with India’s needs. Now, the company’s fortunes are crashing, a collapse whose pain will be felt across the country.
Investor Lawsuit Against Elon Musk and Tesla Goes to a Jury

The New York Times – Business:
The case centers on whether investors lost money because they believed Mr. Musk’s social media posts about taking Tesla private in 2018.
How Markets Have Redefined Value and Growth Stocks

The New York Times – Business:
With the exception of Apple, eight tech giants are no longer “pure growth” stocks, while Exxon and Chevron are, a new study says. Our columnist says: Buyer, beware.
Tech Earnings Disappoint Investors as Giants Stress Cost Cuts

The New York Times – Business:
Apple, Amazon and Alphabet all reported disappointing quarterly results, as they emphasized efforts to cut costs in the face of an economic slowdown.
Meta Soars by Most in Decade, Adding $100 Billion in Value

The New York Times – Business:
Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
Meta Soars by Most in Decade, Adding $100 Billion in Value

The New York Times – Business:
Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
Wall Street Likes Meta’s Plans to Cut Costs

The New York Times – Business:
Meta’s chief executive, Mark Zuckerberg, called 2023 the “year of efficiency,” a pronouncement that is reassuring investors and sparking a wider rally in tech stocks.
Adani, Embattled Indian Company, Scraps $2.5 Billion Share Sale

The New York Times – Business:
The cancellation of the offering is a blow to the company and its billionaire owner, Gautam Adani.
Stock Market’s Newfound Optimism Faces Test as Fed Meets

The New York Times – Business:
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.
Oil Giants, After Surge in Profits, Are Wary About Spending

The New York Times – Business:
Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
U.S. Courts India as Technology Partner to Counter China

The New York Times – Business:
American and Indian officials are working toward new partnerships in defense technology, advanced telecom and semiconductors.
GM Posts Solid Profit as It Pushes to Take On Tesla in EVs

The New York Times – Business:
Aiming to make a million electric vehicles a year by 2025, General Motors is investing in a Nevada lithium mine to help with battery production.