Adani Group, led by Gautam Adani, has recently announced its plans to raise $2.6 billion through two of its companies, including Adani Enterprises Ltd. This move reflects the conglomerate’s focus on growth after facing a damaging report from a short seller that negatively impacted its market value. With board approvals secured, Adani Enterprises and Adani…
Keeping a vigilant eye on insider trading can often pave the way to profitable investment strategies. Esteemed investor, Peter Lynch, was famously quoted saying, “While insiders could sell their shares due to various reasons, they buy them for one sole purpose: they anticipate a rise in the stock price.” Company insiders, such as officers and…
British workers are poised to take a bigger hit to living standards than their peers in other developed economies this year, according to a Bloomberg poll of financial professionals and retail investors. Inflation will outpace pay raises in the UK to a greater extent than in any other G-7 country, the latest Markets Live Pulse survey of 631 respondents shows, with Italy coming…
Thousands of Hollywood TV and movie screenwriters will strike on Tuesday, after last minute talks with major studios over wages broke down. A Writers Guild of America (WGA) strike, the first in 15 years, will see more than 9,000 writers – 98% of voting members – walk out from midnight. Late-night live chat shows are…
Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1 billion in losses by using inside information to sell stock within days of the cryptocurrency platform’s public listing two years ago, before bad news sent the share price tumbling, according to a lawsuit filed by…
North Asia’s export powerhouses continued to stutter in April amid sluggish global trade and a patchy economic recovery in China, according to new data that amplified concerns about the risk of a global recession. Factories in South Korea and Taiwan saw activity contract last month, according to surveys published Tuesday by S&P Global. Manufacturing purchasing…
JPMorgan Chase CEO Jamie Dimon’s assertion that recent turmoil in the banking sector was effectively ended by the resolution of First Republic may be premature, one analyst suggested. The Wall Street giant won a weekend auction for the embattled regional lender after it was seized by the California Department of Financial Protection and Innovation, and…