(Bloomberg) — Adtalem Global Education Inc. shares are slumping Tuesday after Safkhet Capital Management LLC said it’s betting against the for-profit education company. Most Read from Bloomberg It’s the latest call from the hedge fund, founded by short seller Fahmi Quadir, who made a prescient 2015 bet against the drugmaker formerly called Valeant Pharmaceuticals near […]
Massapequa Park, N.Y. (AP) — An $8,000 Facebook Marketplace deal has gone bad on Long Island, with a man who was selling a Rolex watch jumping onto the hood of the thief’s car in a quixotic attempt to keep from being robbed. “I was not going to roll over and let this man take it […]
The News Transsion, the top smartphone seller in Africa, posted the highest annual growth in smartphone shipments in 2023 of the top five phone makers in the world. The Shenzhen, China company shipped 95 million units of smartphones last year, 30.8% more than it did in 2022, according to technology research firm International Data Corporation. […]
Jim Chanos and Elon Musk.Reuters and Getty Images Elon Musk wants more control of Tesla and says his equity stake isn’t a sufficient motivator. Jim Chanos called out Musk for threatening Tesla’s progress unless his voting rights are doubled. The short seller mocked Musk for comparing his personal stake to Fidelity and other funds’ holdings. […]
Beth Lipin has deep connections to Palm Beach. “My grandparents lived here,” she says, “and I’ve been coming to Palm Beach since I was a baby.” She adds: “I wore little white gloves at Petite Marmite,” referring to the long-closed Palm Beach restaurant run for years by the Pucillo family. She and her husband, Robert, owned […]
(Bloomberg) — Spanish blood plasma firm Grifols SA tumbled after short seller Gotham City Research LLC published a report criticizing its financial reporting. Most Read from Bloomberg The stock sank 33% after a delayed start to trading in Madrid and its bonds also slumped. The company, which now has a market value of €5.8 billion […]
TOKYO (AP) — Yoshie Minamidani’s heart leapt when she saw the stray tabby cat, a mainstay of the famous Asaichi Dori shopping street in Wajima city on the western coast of Japan. Like the cat, she is a survivor of the 7.6 magnitude earthquake that shook Wajima in Ishikawa Prefecture and nearby regions on New […]
A trader counts new 2,000-rupee notes at a wholesale vegetable market in Bangalore, IndiaAP Photo/Aijaz Rahi India’s efforts to achieve increased international acceptance for its currency are floundering. No oil trades were settled in rupees during the financial year 2022-2023, the Press Trust of India reported. Countries from China to Russia and India have been […]