Gautam Adani’s conglomerate managed to raise fresh funds despite market turmoil looming over the move.
Category: Stocks and Bonds
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Embattled Indian Business Empire Raises $2.5 Billion in Tricky Share Offering
The New York Times – Business: -
Why Stripe Is Raising Money at a Lower Valuation
The New York Times – Business: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 New York Times – Travel: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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?
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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.”