BuzzFeed shares soared 203%, trading at an intraday high of $2.88 on Thursday. The media firm will churn out content with the help of the ChatGPT creator, and has inked a partnership with Meta. BuzzFeed laid off 12% of its staff in December, axing around 180 roles. Loading Something is loading. Thanks for signing up!… Continue reading Buzzfeed stock surges 200% on plans to use OpenAI to write stories
Adani Group says it’s exploring ‘remedial and punitive’ legal action against a short-seller who accused it of market manipulation and fraud
Short-seller Hindenburg levelled allegations of market manipulation and accounting fraud at Adani Group. Adani Group called the report “maliciously mischievous” and “unresearched.” It’s now looking at potential legal action against Hindenburg Research. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. The Adani… Continue reading Adani Group says it’s exploring ‘remedial and punitive’ legal action against a short-seller who accused it of market manipulation and fraud
Gautam Adani — the world’s richest Asian — saw his net worth crash by more than $5 billion in a day after a short-seller targeted his business empire
Indian billionaire Gautam Adani’s fortune crashed $5.5 billion on Wednesday to $113 billion. This was after a short-seller alleged Adani’s conglomerate was involved in fraud and market manipulation. Adani is still the world’s wealthiest Asian and fourth-richest person. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Gautam Adani — the world’s richest Asian — saw his net worth crash by more than $5 billion in a day after a short-seller targeted his business empire
US Stocks end mixed as investors wade through fresh crop of earnings report
Carla Mozée Thiago Prudencio/SOPA Images/LightRocket via Getty Images US stocks closed mixed Wednesday after a choppy session amid fresh earnings. Microsoft shares fell after it cut revenue guidance. Investors are awaiting Tesla’s report after the bell. The S&P 500 remains higher early in the new trading year. Loading Something is loading. Thanks for signing up!… Continue reading US Stocks end mixed as investors wade through fresh crop of earnings report
The stock sector that was 2022’s biggest loser is the top gainer in 2023 as market leadership gets shaken up
The S&P 500 communications services sector has started 2023 as the top-performing group on the broad index. The sector that’s home to Meta, Netflix and Match has picked up 12% after sliding 40% last year. The rotation in market leadership has extended to other hard-hit groups including consumer discretionary. Loading Something is loading. Thanks for… Continue reading The stock sector that was 2022’s biggest loser is the top gainer in 2023 as market leadership gets shaken up
Tesla stock could soar 50% and is the top pick in an auto sector that’s seeing an EV ‘shake-out,’ Morgan Stanley’s Adam Jonas says
Tesla stock could add 50% despite price cuts to vehicles, according to Morgan Stanley. Analyst Adam Jonas cited Tesla’s strong balance sheet and profitability. “Tesla’s recent price cuts are just the latest sign the EV market may be entering the ‘shake-out’ phase,” he wrote. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Tesla stock could soar 50% and is the top pick in an auto sector that’s seeing an EV ‘shake-out,’ Morgan Stanley’s Adam Jonas says
An NYSE glitch affected caused a market mayhem resulting in Morgan Stanley and Wells Fargo shares crashing over 10%
A system glitch on the NYSE caused some stocks to post huge price swings upon their Tuesday open. The exchange attributed the price swings to a “system issue” that prevented it from conducting “opening auctions.” A list from the NYSE showed over 250 stocks were affected by the system glitch. Loading Something is loading. Thanks… Continue reading An NYSE glitch affected caused a market mayhem resulting in Morgan Stanley and Wells Fargo shares crashing over 10%
Volatility will continue to hammer markets in 2023 and people are fretting over retirement savings. Here are 3 big takeaways from Allianz’s latest markets survey.
Americans are increasingly anxious about their financial futures as they worry about market volatility, inflation, and a recession. 64% of survey respondents to an Allianz survey would rather hold cash rather ride out market swings. 40% said they’re worried market volatility will lead their employers suspending matching contributions to their 401(k) accounts. Loading Something is… Continue reading Volatility will continue to hammer markets in 2023 and people are fretting over retirement savings. Here are 3 big takeaways from Allianz’s latest markets survey.
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