Investments

Hindenburg strikes again: Billions erased as Adani Group is accused of ‘historic' corporate fraud

10 days ago   |   By Fast Company

Adani Group, owned by billionaire Gautam Adani, disputed the accusations, but Hindenburg has an impressive record for takedowns.
Activist short-seller Hindenburg Research on Wednesday accused Asia's richest person, Gautam Adani, of perpetrating “brazen market manipulation” and decades of fraud to help his family amass their fortune. Late Tuesday, the investment firm run by forensic financial researcher Nate Anderson tweeted that the report's findings reveal “what we strongly suspect to be the largest corporate fraud in history.”
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Jeff Bezos Surpasses Billionaire Gautam Adani As World's Third-Richest Person After Short Seller's Scathing Report

10 days ago   |   By Forbes

Shares of Adani Group firms slid after short seller Hindenburg Research claimed Adani engaged in brazen stock manipulation. Now for the first time since September, Adani isn't among the world's three richest people.
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The short-seller who exposed fraud at Nikola is now targeting a conglomerate owned by the 4th richest person in the world

10 days ago   |   By Business Insider

Amit Dave/Reuters The short-seller that helped expose fraud at Nikola Motors is now targeting a firm owned by the fourth richest person in the world. Hindenburg Research issued a short-report on the India-based Adani Group on Wednesday. Hindenburg alleged that Gautam Adani is "pulling the largest con in corporate history." Hindenburg Research rose to prominence when it exposed fraud at Nikola Motors in 2020, which ultimately led to the downfall of its founder, Trevor Milton, and a more than 90% decline in Nikola's stock price. Now, the short-selling outfit has turned its attention to...
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EU will face fuel shortages and soaring energy prices - Hungary

EU will face fuel shortages and soaring energy prices - Hungary

The bloc agreed a price cap on Russian oil products earlier this week following heated debate EU member states will inevitably be hit by fuel shortages and skyrocketing energy... Read more ...

Schedule for Week of February 5, 2023

Schedule for Week of February 5, 2023

This will be light week for economic data. The key report this week is the December trade deficit. --- Monday, February 6th --- No major economic releases scheduled... Read more ...

Don't Be Stupid - The U.S. Economy Actually LOST 2.5 Million Jobs Last Month

Don't Be Stupid - The U.S. Economy Actually LOST 2.5 Million Jobs Last Month

I can't take it anymore. Fake numbers that are released by the government get turned into fake news by the corporate media, and many Americans don't even realize that they are... Read more ...

EU will face supply shortages after Russian oil ban - Bloomberg

EU will face supply shortages after Russian oil ban - Bloomberg

New refineries in the Middle East are reportedly facing delays With a looming ban on the supply of Russian petroleum products, the European Union needs to find alternative... Read more ...

A jury clears Elon Musk of wrongdoing related to 2018 Tesla tweets

A jury clears Elon Musk of wrongdoing related to 2018 Tesla tweets

The verdict by the nine jurors was reached after less than two hours of deliberation following a three-week trial and represents a major vindication for Musk. Read more ...

EU agrees on new price caps for Russian oil

EU agrees on new price caps for Russian oil

Limits on refined oil products will go into effect on February 5 The European Union will set the price of refined petroleum products imported from Russia at $100 per barrel for... Read more ...

Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded...

Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded Home Builders

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded Home Builders A brief excerpt: Note from Bill... Read more ...

US adds a surprisingly strong 517,000 jobs despite Fed hikes

US adds a surprisingly strong 517,000 jobs despite Fed hikes

U.S. employers added a robust 517,000 jobs in January in a sign of a still-strong labor market despite Fed rate hikes. Read more ...

Fact sheet: Employers are charged with violating federal law in nearly 40%...

Fact sheet: Employers are charged with violating federal law in nearly 40% of union elections

Employers regularly employ illegal tactics to suppress unions. An analysis of the latest government data on unfair labor practice charges and union elections shows that... Read more ...

A call for data-first security

A call for data-first security

Massive data breaches and data leaks occur all too often. It's time for a new evolution of cybersecurity: data-first security. Here's why: Read more ...