business

Gautam Adani fails to reassure investors as market chaos wipes out billions

Gautam Adani fails to reassure investors as market chaos wipes out billions

New Delhi CNN — Indian billionaire Gautam Adani sought to reassure investors on Thursday after abruptly abandoning a $2.5 billion sale of shares in his flagship firm. “For me, the interest of my investors is paramount and everything else is secondary,” the 60-year-old businessman said in a recorded video address. “Once the market stabilizes, we …

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Intel shares fall nearly 10% after earnings miss, executives forecast quarterly loss as data center market shrinks

Shares of Intel Corp. fell more than 9% in Thursday’s extended session after the chipmaker reported a big fourth-quarter miss, forecast a first-quarter loss, said the data center market is shrinking and that inventory crunch will eat into margins. Intel INTC, -6.41% executives forecast an adjusted loss of 15 cents per share on revenue of …

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Pakistan’s rupee falls sharply as markets adjust to the lifting of unofficial controls

Pakistan’s rupee fell 9.6 percent against the dollar on Thursday, central bank data showed – the biggest one-day drop in more than two decades – in a slide that could persuade the International Monetary Fund to resume lending to the country. The drop comes a day after foreign exchange firms lifted the exchange rate ceiling, …

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5 things you need to know before the stock market opens on Thursday, January 26

Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York, U.S., January 25, 2023. Andrew Kelly | Reuters Here are the top news investors need to start their trading day: 1. The march of earnings continues We’re deeper into earnings season, so investors are getting more and more data …

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The analyst sees the market making a big mistake with the energy transition

The speed of change in today’s world is often rapid and dizzying. Technologies that seem to be an integral part of our lives can suddenly become redundant and irrelevant. Energy is a sector where innovation and new ideas matter a lot as countries and companies try to find ways to move to a society based …

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Dior mania and K-Pop overtake menswear at Paris Fashion Week

PARIS (AP) — Dior mania swept menswear at Paris Fashion Week on Friday as more than a thousand screaming fans thronged the magnificent Place de la Concorde to catch a glimpse of their favorite stars, some nearly risking their lives in traffic jams . Bodyguards for the show’s VIP guests, including David Beckham, Naomi Campbell …

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Dior mania and K-Pop overtake menswear at Paris Fashion Week

PARIS — Dior mania swept menswear at Paris Fashion Week on Friday as more than a thousand screaming fans thronged the magnificent Place de la Concorde to catch a glimpse of their favorite stars, some almost risking their lives in gridlocked traffic. Bodyguards for the show’s VIP guests, including David Beckham, Naomi Campbell and Korean …

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