Shares jumped after the Disney chief executive unveiled plans to revamp its streaming business, cut costs, and formulate a succession plan. Story Published at: February 9, 2023 at 12:50PM Continue Reading…
Bob Iger’s Turnaround Plan Takes Shape
ChatGPT Gets Fresh Competition
Google and Baidu are set to introduce their own A.I.-powered chatbots to challenge OpenAI, Microsoft and the rising popularity of ChatGPT. Story Published at: February 7, 2023 at 12:33PM Continue Reading…
Tech Earnings Give a Wake-Up Call to Investors
Apple, Amazon and Alphabet all reported disappointing quarterly results, as they emphasized efforts to cut costs in the face of an economic slowdown. Story Published at: February 3, 2023 at 01:08PM Continue Reading…
Wall Street Has a Lot Riding on the Fed’s Rate Decision
Stocks and bonds are on an impressive run so far this year, driven by hopes the Federal Reserve will slow down, or even pause, its interest rate increases. Story Published at: February 1, 2023 at 01:12PM Continue Reading…
A Short Seller Costs an Indian Giant Billions
The Adani Group, the Indian conglomerate run by Asia’s wealthiest man, has gone on the offensive to fight fraud allegations by an American investor. Story Published at: January 30, 2023 at 01:00PM Continue Reading…
A Short Seller Takes Aim at an Indian Corporate Giant
Hindenburg Research accused the Adani Group of orchestrating the “largest con in corporate history,” sending shares of its companies tumbling on Wednesday. Story Published at: January 25, 2023 at 01:14PM Continue Reading…