Intel’s ‘Historic Collapse’ Triggers Chip Stock Sell-Off

Intel’s ‘Historic Collapse’ Triggers Chip Stock Sell-Off

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

Israel hits Gaza as conflict erupts after West Bank clashes

Israel hits Gaza as conflict erupts after West Bank clashes

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

Indian Adani begins record sell-off in shares as short seller triggers $44bn rout

Indian Adani begins record sell-off in shares as short seller triggers bn rout

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

US CDC still investigating potential stroke risk from Pfizer’s bivalent COVID vaccine

US CDC still investigating potential stroke risk from Pfizer’s bivalent COVID vaccine

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

Explainer: Who is behind Hindenburg, the company bypassing Adani?

Explainer: Who is behind Hindenburg, the company bypassing Adani?

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

Explanation: Why is Turkey blocking Sweden and Finland from joining NATO?

Explanation: Why is Turkey blocking Sweden and Finland from joining NATO?

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

Strong US economic growth expected in the fourth quarter, darkening outlook

Strong US economic growth expected in the fourth quarter, darkening outlook

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

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

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

S&P 500 closes slightly in the red as weak business forecasts fuel recession fears

S&P 500 closes slightly in the red as weak business forecasts fuel recession fears

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

Ex-kickboxer Andrew Tate says Romanian prosecutors have no evidence against him

Ex-kickboxer Andrew Tate says Romanian prosecutors have no evidence against him

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