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Gautam Adani's business loses $50 billion in market value after short seller report
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The value of Gautam Adani's business empire has crashed by more than $50 billion this week since Hindenburg Research, a US firm that makes money from short selling, published a blistering report accusing it of fraud. Read more » |
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GOP-led states sue Biden administration to block ESG investment rule
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A coalition of Republican-led states is suing the US Labor Department to block an imminent rule change that will allow 401(k) managers to consider climate change and other environmental, social and governance (ESG) factors when selecting investments. Read more » |
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Goldman Sachs CEO got 30% pay cut -- but still made $25 million
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Goldman Sachs had a rough year in 2022. And CEO David Solomon was punished for that. Sort of. Read more » |
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Wall Street is ignoring the Fed. That could be dangerous
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As the Federal Reserve continues its inflation-fighting tightrope act, market moves suggest that investors may be feeling more at ease with the central bank's actions. That's not necessarily a good thing. Read more » |
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Chevron earnings soar to a record
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Chevron reported a record full-year profit of $36.5 billion, buoyed by high oil prices. Read more » |
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Gas prices have surged 40 cents in a month
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Normally, prices at the gas pump drift lower during the dead of winter as lousy weather keeps Americans off the roads. But something unusual is happening this year: Gas prices are rocketing higher. Read more » |
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