A short seller that caused Adani's rout says it didn’t make...
A short seller that caused Adani's rout says it didn’t make that much. When Hindenburg Research published its report accusing the business empire of Indian billionaire Gautam Adani of “brazen stock manipulation” last year, it shaved over $100 billion from the value of the companies—but its bet against them netted the short seller just $4.1 million. Hindenburg published the figure on its website this week, along with a letter from Indian securities regulators accusing the firm of intentionally misleading the public in the report. Hindenburg criticized the regulator right back, saying it failed to investigate the fraud allegations against Adani.
More than 100 people were killed in a stampede at a religious gathering in northern India, police said.
Hurricane Beryl, a Category 4 storm, is expected to hit Jamaica today.
Skydance and Paramount may have a deal after all. Despite previously calling off merger talks, Skydance is said to have come to terms to buy Shari Redstone’s company National Amusements, which owns the majority of Paramount’s shares.
CDK Global said “substantially all” of the ~15,000 car dealerships that use its software are back to normal, nearly two weeks after a cyber attack shut the software down.
Moderna will get $176 million from the US to develop a bird flu vaccine.
Rudy Giuliani, the former federal prosecutor, NYC mayor, and legal advisor to Donald Trump, was disbarred in New York for repeatedly lying about Trump’s 2020 election loss.
The Supreme Court is gearing up for another spicy term: It agreed to consider a case challenging a Texas law requiring age verification to access porn websites, as well as a suit that takes aim at the FDA’s regulation of sweet-flavored vapes.
Benchmark U.S. crude oil for August delivery fell 57 centsto $82.81 per barrel Tuesday. Brent crude for September delivery fell 36 cents to $86.24 per barrel.
Wholesale gasoline for August delivery fell 1 cent to $2.57 a gallon. August heating oilrose 2 cents to $2.63 a gallon. August natural gasfell 4 cents to $2.44 per 1,000 cubic feet.
S&P 500 closes above 5,500 for first time, Tesla propels Nasdaq to fresh record
U.S. stocks finished higher on Tuesday after a rally in Tesla Inc. shares...
U.S. stocks finished higher on Tuesday after a rally in Tesla Inc. shares pushed the S&P 500 and the Nasdaq Composite to fresh record highs.
The S&P 500 ended up 33.92 points, or 0.6%, to 5,509.01, its 32nd record close of 2024. The large-cap benchmark index also closed above the crucial 5,500-point mark for the first time ever, according to Dow Jones Market Data.
The Dow Jones Industrial Averageended up 162.33 points, or 0.4%, to finish at 39,331.85. It was the largest one-day point and percentage advance for the blue-chip index in over a week.
According to Dow Jones Market Data, the Nasdaq Compositerose 149.46 points, or 0.8%, ending at 18,028.76 to score its 22nd record close of the year.
Shares of Tesla Inc. finished more than 10% higher on Tuesday after the electric-vehicle giant surprised investors by reporting second-quarter deliveries that beat expectations. It was Tesla's first delivery beat in four quarters, and the margin of the beat was the widest since the fourth quarter of 2021, according to FactSet data.
Tesla Inc. stock was up for six straight trading days, and on Tuesday ended at its highest level since January 10, according to Dow Jones Market Data.
Hurricane Beryl, now sweeping across the Caribbean, is the first ever to reach Category 5 strength this early in the year
Over the course of a few short days,...
Over the course of a few short days, Hurricane Beryl rapidly intensified from a tropical storm to a Category 5 hurricane, setting records for the earliest point in a season that a storm has grown so big.
This quick escalation directly resulted from the above-average sea surface temperatures and a harbinger of what is to come this hurricane season.
“This early-season storm activity is breaking records that were set in 1933 and 2005, two of the busiest Atlantic hurricane seasons on record,” said Philip Klotzbach, an expert in seasonal hurricane forecasts at Colorado State University.
EIA: US oil production up, gas output down in April
Energy Information Administration data show that US oil...
Energy Information Administration data show that US oil production increased by 72,000 barrels per day month over month, to a four-month high of 13.25 million bpd in April, while crude oil and petroleum products demand climbed to 20 million bpd, the highest this year. In contrast, the EIA reported that gross natural gas production in the contiguous US declined for a second consecutive month to 114 Bcf/d in April.
