Adani shares fell further for the second straight day of losses Shares of Adani Group companies extended sharp losses for the second consecutive trading session in India after the short selling company Hindenburg made her stand short in conglomerate firms earlier this week. Adani denied the allegations in two separate statements, Jatin Jalondwala, head of … Read more
CNBC Pro: These 6 Global Low-Debt Stocks Are Set to Outperform, Bernstein Says Higher interest rates have significant implications for companies with significant debt, as they are likely to face higher costs from increased borrowing. With interest rates still rising, analysts at Bernstein believe stocks with low exposure and high debt quality should outperform. The … Read more
Bitcoin falls as Genesis files for Chapter 11 bankruptcy in New York Bitcoin fell nearly 0.5% after cryptocurrency firm Genesis Filed for Chapter 11 bankruptcy in New York. The company has listed 50-99 creditors in a “massive” bankruptcy filing, with total liabilities ranging from $1.2 to $11 billion, according to bankruptcy documents. Genesis is in … Read more
“Rough front half, better second half for tech stocks”: Jefferies shares outlook for 2023 Brent Thiel, managing director and chief analyst at investment firm Jefferies, told CNBC that the first half of 2023 will be a “tough setup” for technology stocks.street signs asia” Tuesday. “You still have an economic burden that will hit earnings as … Read more
