Nasdaq Rally Gets a Reality Check as Megacaps Miss

The Nasdaq MarketSite in New York, U.S., on Thursday, Feb. 3, 2022. Big technology earnings have prompted some extreme share price moves this season, with Wall Street’s expectations seemingly misaligned with company realities. Photographer: Michael Nagle/Bloomberg

Adani Bond Plunge Accelerates As Rebuttal Fails To Stem Concern

Signage of Adani Group in Mumbai, India, on Friday, Jan. 27, 2023. Shares of Adani Group’s companies have lost more than $30 billion in market value in less than two sessions, as a selloff sparked by US short seller Hindenburg Research’s scathing report deepened on Friday. Photographer: Indranil Aditya/Bloomberg

Didi Wins Okay To Relaunch Apps As China Tech Crackdown Ebbs

The return of Didi’s apps would be a milestone in Beijing’s preparations to loosen its grip on the country’s giant internet sector. Guo Shuqing, party secretary of the People’s Bank of China, said this month the regulatory overhaul was drawing to a close. That, coupled with a post-Covid Zero reopening and thawing tensions with the … Read more

Billionaire Jack Ma Is Giving Up Control of Ant Group

Jack Ma, chairman of Alibaba Group Holding Ltd., speaks during a Bloomberg Television interview on the sidelines of the Xin Philanthropy Conference in Hangzhou, China, on Wednesday, Sept. 5, 2018. Ma said he is dedicating more of his time and fortune to philanthropy with the creation of a foundation in his own name focused on … Read more

Tesla Dip Buyers Return as Stock Snaps Near-Record Losing Streak

“It feels like confidence is gone, and Tesla’s fairy tale suddenly ended,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. “Investors are more eager to see how the looming recession will hit Tesla demand, how competition from other electric-vehicle makers will impact Tesla’s market share, and when Elon Musk will stop messing elsewhere while Tesla … Read more

After This Year’s IPO Slump, Bankers Are Wary of 2023 Relief

Initial public offerings are heading for their longest drought since the global financial crisis —  and bankers don’t expect a revival anytime soon.  A mix of rising inflation and interest rate hikes aimed at taming it have hurt stock market valuations and eroded investor appetite for the high-growth IPO candidates that have driven deals in … Read more

Paytm, Nykaa: Surprise Corporate Actions By Indian Tech Darlings Spur Scrutiny

The relentless rout in shares of India’s tech darlings since their much-hyped initial public offerings last year has driven some of them to use surprise tactics to arrest the slide, drawing scrutiny from investors and market experts.