Jan 27 (Reuters) – Five of the biggest U.S. chipmakers were due to wipe out nearly $15 billion in market value on Friday after Intel Corp hit Wall Street with dismal earnings forecasts, stoking fears of a collapse in the personal computer market. The company predicted a surprise first-quarter loss and its revenue forecast was … Read more
Rockets from Gaza have raised alarm in Israeli communities Cross-border gunfire followed an Israeli raid in the West Bank Israeli raid kills at least nine Palestinians Violence has increased in the West Bank over the past year JERUSALEM/GAZA, Jan 27 (Reuters) – Israeli fighter jets struck Gaza on Friday night in retaliation for two rockets … Read more
MUMBAI, Jan 27 (Reuters) – Shares of Indian firm Adani Enterprises (ADEL.NS) fell 15% on Friday as a scathing report from a U.S. short seller sparked a rout at the conglomerate’s listed companies , casting doubts on how investors will react to the company’s record $2.45 billion secondary sale. Seven listed companies in the Adani … Read more
Jan 26 (Reuters) – New data from a U.S. Centers for Disease Control and Prevention (CDC) database shows a possible link to stroke risk for older people who have been updated Pfizer’s (PFE.N)/BioNTech’s (22UAy.DE) COVID-19 recall, but the signal is weaker than what the agency reported earlier in January, health officials said Thursday. U.S. Food … Read more
NEW YORK, Jan 25 (Reuters) – Short seller Hindenburg Research disclosed short positions in India’s Adani Group on Wednesday, citing in a report possible stock manipulation and accounting fraud. The allegations sent bonds and stocks of the conglomerate companies plummeting. Hindenburg has a history of finding corporate wrongdoing and placing bets against companies. WHAT IS … Read more
STOCKHOLM, Jan 25 (Reuters) – Swedish and Finnish hopes of early NATO membership have hit a snag in the form of objections from Turkey, which holds a veto over membership. military alliance. The three nations reached an agreement on how to proceed in Madrid last June, but Turkish President Tayyip Erdogan has said Sweden, in … Read more
GDP is expected to increase by 2.6% in the fourth quarter Strong consumer spending observed; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON, Jan 26 (Reuters) – The U.S. economy likely maintained a healthy pace of growth in the fourth quarter as consumers increased their spending on goods, but momentum appears … Read more
Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have boosted demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying fears a weak economy could strangle the buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit … Read more
AT&T wins on subscriber additions General Dynamics slips after weak outlook Tesla and IBM release results Indices: Dow up 0.03%, S&P 500 down 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 closed nominally lower on Wednesday as a streak of corporate earnings stretched from bearish to dismal, reigniting concerns over … Read more
BUCHAREST, Jan 25 (Reuters) – Controversial internet personality Andrew Tate said on Wednesday there was no justice in Romania and the case against him in a criminal investigation for human trafficking and rape was empty. Tate, her brother Tristan and two Romanian suspects have been in police custody since December 29 pending an ongoing criminal … Read more
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