Adani Offshore Investor Has Links to Adani Family
Business Asia A short seller’s allegations of fraud by Gautam Adani’s conglomerate center on whether his family wielded influence over Mauritius-based investors
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The stock-market rally survived a confusing week. Here’s what comes next.
Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023’s young but robust stock-market rally very much alive. But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said. Stocks rose early in the week as traders continued to … Read more
Elon Musk Found Not Liable in Trial Over Tweets Proposing to Take Tesla Private
Tech Verdict relates to his 2018 tweets about the possibility of taking Tesla private
C3.ai Stock Is Soaring. It’s Launching AI Software Tools.
Text size Thomas M. Siebel, CEO of C3.ai Chris J. Ratcliffe/Bloomberg C3.ai stock is soaring Tuesday after the company announced the launch of a set of tools for generative artificial intelligence applications, jumping into the middle of what might be the hottest trend in the technology segment. Some generative AI tools, most notably the uber-trendy … Read more
AMD Reports Earnings Today. What to Expect.
Text size AMD stock has fallen by 30% over the last 12 months. Dreamstime After Intel’s disappointing earnings report last week, Wall Street expects weak PC demand to also affect the chip maker’s main rival Advanced Micro Devices. But the big question for investors is whether AMD ‘s strength in server processors and cloud computing … Read more
Carvana, SoFi, Alibaba, Tesla, and More Stock Market Movers
Text size Carvana stock was surging Monday. MARK RALSTON/AFP/Getty Images Stocks were falling Monday as investors traded cautiously ahead of the Federal Reserve’s decision on interest rates this week and earnings from some of the world’s largest technology companies. These stocks were making moves Monday: Carvana (CVNA) stock surged 36% Monday after jumping nearly 20% … Read more
The Fed and the stock market are set for a showdown this week. What’s at stake.
Let’s get ready to rumble. The Federal Reserve and investors appear to be locked in what one veteran market watcher has described as an epic game of “chicken.” What Fed Chair Jerome Powell says Wednesday could determine the winner. Here’s the conflict. Fed policy makers have steadily insisted that the fed-funds rate, now at 4.25% … Read more
Giant Swiss Bank Bought Up Intel, Disney, and AT&T Stock. It Sold AMD.
Text size Julius Baer of Zurich increased its stake in Intel in the fourth quarter. David Paul Morris/Bloomberg A big Swiss bank made a call in chip stocks, and loaded up on media and entertainment shares. Julius Baer of Zurich bought up Intel (ticker: INTC), Walt Disney (DIS), and AT&T (T) stock, and sold the … Read more
An Unstoppable Stock Market Is About to Meet the Immovable Fed
Text size The central bank can’t be happy with the easing of financial conditions that occurs anytime the stock market rallies. Michael Nagle/Bloomberg The stock market has acted as if the Federal Reserve doesn’t exist as it jumps out to a quick start to the year. Expect Fed Chairman Jerome Powell to remind it when … Read more