Angela Simmons says she “made a poor decision” in toting a gun-shaped purse to the 2024 BET Awards. At the ceremony Sunday, Simmons, the daughter of Run-DMC founder Joseph Simmons, aka Rev. Run, carried what looked like a green, gun-shaped clutch to match her dress. Following backlash from social media users, Simmons apologized for her […]
By Urvi Dugar, Shankar Ramakrishnan and Jayshree P Upadhyay (Reuters) -Hindenburg Research refuted allegations on Monday from India’s securities regulator accusing the company of colluding with a U.S. asset manager to use non-public information to set up its short bet against Adani Group last year. In a statement posted to its website, U.S.-based short-seller Hindenburg […]
By Urvi Dugar and Shankar Ramakrishnan (Reuters) -U.S-based short-seller Hindenburg Research said on Monday India’s securities regulator had sent it a letter outlining suspected violations over its short bet against Adani Group last year and revealed it may “barely come out above breakeven” on its trade. Hindenburg also said Kotak Bank, an Indian firm, created […]
Top allies of President Joe Biden came to his defense across several news programs on Sunday, acknowledging the president’s subdued debate performance but arguing that he remains the strongest contender against former President Donald Trump in the general election. “I think he’s the only Democrat who can beat Donald Trump,” Sen. Chris Coons, D-Del., a […]
By Abhirup Roy and Victoria Waldersee SAN FRANCISCO/BERLIN (Reuters) – A few camouflaged Audis arrived secretly from Germany early this year at a facility of electric vehicle (EV) maker Rivian in California, where some 30 engineers stripped the electronics and fitted them with the U.S. startup’s harnesses and modules. Intense testing followed at the Palo […]
(Bloomberg) — The US Gulf Coast is probably the only place in the world where two men with virtually no experience running an energy business could upend a vast industry while becoming billionaires in the process. Most Read from Bloomberg Little more than a decade ago, ex-banker Mike Sabel and lawyer Bob Pender were driving […]
BERLIN/FRANKFURT (Reuters) – Volkswagen, Europe’s biggest carmaker, plans to spend as much as $5 billion on an electric vehicle (EV) software partnership with U.S.-based Rivian. Here are some of the key issues around the deal: WHY IS VOLKSWAGEN DOING THIS? The tie-up is the latest in a string of deals by Volkswagen Chief Executive Oliver […]
(Bloomberg) — Traders in the US rates options market are embracing a nascent wager on the Federal Reserve’s interest-rate path: a whopping 3 percentage points worth of cuts in the next nine months. Most Read from Bloomberg Over the past three sessions, positioning in the options market linked to the Secured Overnight Financing Rate shows […]
Politicians should not place bets on elections, a Cabinet minister said as the Westminster gambling row deepened. Work and Pensions Secretary Mel Stride said there should be a debate about political betting but “I would just say that people shouldn’t do it”. At least five Conservatives are being investigated by the Gambling Commission as part […]
(Bloomberg) — In many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown in business activity. Most Read from Bloomberg Logistics hubs that were built in anticipation of a long-lasting boom in e-commerce, manufacturing and food storage are losing tenants, forcing […]
Paul Tudor Jones is a billionaire investor, probably most famous for shorting the market before the 1987 stock market crash. In recent years, he traded more conservatively, but he remains an active investor. In his 13-F for the first quarter of 2024, Jones’s Tudor Investment Corp. revealed it had opened a position in memory chipmaker […]
(Bloomberg) — For day traders riding the AI-fueled stock mania, it’s been a money-minting bet like no other — offering double-digit returns week in and week out. Most Read from Bloomberg Now though — after pouring a record amount of cash into a leveraged-up ETF — a cohort of retail investors is facing big losses […]