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Shares in Indian industrial conglomerate Adani slid and opposition politicians demanded action after the Financial Times and two other media outlets reported new revelations about family-linked shareholders in the company’s stock.  The reports shone a spotlight on Indian institutions and the relationship between the conglomerate’s founder Gautam Adani and Prime Minister Narendra Modi, in a
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United States presidential candidate Vivek Ramaswamy has lauded Grayscale’s recent victory over the federal securities regulator, arguing the decision will help keep Bitcoin and blockchain innovation from going overseas. In an Aug. 30 post on X (formerly Twitter) the pro-Bitcoin Republican candidate took shot at a “shadow” U.S. government, pointing the blame towards the “unlawful
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From the outside, the Global Opportunities Fund in Bermuda looked like any regular investment fund: broad, bland, and uncontroversial. On the inside, however, two men were using the fund for a specific purpose — to amass and trade large positions in shares of the Adani Group, one of the biggest and most politically connected private
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In this article COST PSTG CHWY VSCO FIVE CRM OKTA CRWD Follow your favorite stocksCREATE FREE ACCOUNT The Salesforce West office building in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Check out the companies making headlines after hours. CrowdStrike — The cybersecurity stock added 1% in extended
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State Attorney General Letitia James seen during public safety announcement to prevent gun violence at City Hall, July 31, 2023. Lev Radin | Pacific Press | Lightrocket | Getty Images New York’s attorney general asked a judge Wednesday for a partial summary judgment against Donald Trump in her $250 million lawsuit accusing the former president
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The Federal Aviation Administration is granting more money to airports that could help reduce the industry’s reliance on debt financing for making infrastructure improvements.   Airport infrastructure projects are financed through a combination of funding including bonds and the FAA’s Airport Improvement Program, which carries restrictions about what the money can be used for.  Funding from
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Municipals had a slightly firmer tone Wednesday while U.S. Treasuries were little changed and equities ended up. Triple-A yields fell one to three basis points, depending on the curve, while UST maintained levels in a subdued session. While munis underperformed UST Tuesday, “there has been firmness in the muni market throughout the past week,” said
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Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett took control of Berkshire Hathaway in 1965, and nearly six decades later as the “Oracle of Omaha” turned 93 Wednesday, his conglomerate is stronger today than it’s ever been. Berkshire shares have roared back to an all-time high on record
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Bond parties in the Puerto Rico Electric Power Authority bankruptcy are appealing a ruling that has barred a receiver from being appointed in the case. Syncora Guarantee and GoldenTree Asset Management Monday filed an appeal notice of a ruling of U.S. District Judge Laura Taylor Swain that rejected their request for a removal of a
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Municipals were firmer in spots Tuesday, underperforming a U.S. Treasury rally. Equities ended in the black. Over the last month or so there’s been some volatility in the muni market driven by the Treasury side, said Daryl Clements, municipal portfolio manager at AllianceBernstein. USTs, which continue to be affected by Fed and related market expectations,
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What are sympathy plays? Something that is played on the news headline based on the initial news coverage. Example: If Google releases completely new algorithms that other search engines can use, it will benefit other search engines such as Yahoo and BIDU, while hurting other companies like newspapers and print companies. – The sympathy play
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