Adani Group beats Hindenburg ‘attack on India’ as share price hits $70 billion

Adani Group beats Hindenburg ‘attack on India’ as share price hits  billion

New Delhi CNN — The Adani Group has accused a US investment firm of launching “a calculated attack” on India by publishing a report alleging widespread fraud at the Ports-to-Power conglomerate. Hindenburg Research last week released its report on billionaire Gautam Adani’s affairs, accusing the group of “brutal stock manipulation and accounting fraud over decades.” … Read more

Some auto insurers refuse to cover some Hyundai and Kia models

Some auto insurers refuse to cover some Hyundai and Kia models

CNN — Progressive and State Farm, two of America’s largest auto insurers, are refusing to underwrite policies in certain cities for some older Hyundai and Kia models that the companies say are too easy to steal. Several reports say the companies have stopped offering insurance for these vehicles in cities like Denver, Colorado and St. … Read more

Some auto insurers refuse to cover some Hyundai and Kia models

Some auto insurers refuse to cover some Hyundai and Kia models

CNN — Progressive and State Farm, two of America’s largest auto insurers, are refusing to underwrite policies in certain cities for some older Hyundai and Kia models that the companies say are too easy to steal. Several reports say the companies have stopped offering insurance for these vehicles in cities such as Denver, Colorado and … Read more

Gautam Adani’s company loses $50 billion in market value after short seller report

Gautam Adani’s company loses  billion in market value after short seller report

New Delhi CNN — The value of Gautam Adani’s business empire has collapsed by more than $50 billion this week since Hindenburg Research, a US company that makes money from short selling, published a damning report accusing it of fraud. India’s Adani Group has labeled Hindenburg’s allegations as “baseless” and “malicious” and is considering legal … Read more

Elon Musk meets House Speaker Kevin McCarthy and Hakeem Jeffries

Elon Musk meets House Speaker Kevin McCarthy and Hakeem Jeffries

CNN — Elon Musk, CEO of Twitter and Tesla, met with House Speaker Kevin McCarthy and Democratic leader Hakeem Jeffries at the U.S. Capitol on Thursday night. McCarthy, who left the meeting with Musk in his office, declined to comment other than to say, “He came for my birthday.” The California Republican turned 58 on … Read more

BuzzFeed says it will use AI to create content, stock up 150%

BuzzFeed says it will use AI to create content, stock up 150%

New York CNN — BuzzFeed said Thursday it will partner with ChatGPT creator OpenAI to use artificial intelligence to help create content for its audience, marking a milestone in how media companies are implementing the new technology in their businesses. Jonah Peretti, the company’s co-founder and CEO, told employees in a memo that they can … Read more

FBI has seized website used by notorious ransomware gang

FBI has seized website used by notorious ransomware gang

CNN — The FBI has seized a website that a notorious ransomware gang, which has extorted more than $100 million from victim organizations, used to disgrace its victims, according to a post on the website. The dark web website of the so-called Hive ransomware group carried a message on Thursday that it had been taken … Read more

How M&M’S is making the most of the spokes controversy

How M&M’S is making the most of the spokes controversy

New York CNN — Over the past year, M&Ms have been the subject of Fox News tirades and criticism from a small segment of fans – first for changing the green M&Ms shoes and more recently with female M&M characters on the packaging for International Women’s Day. So this week it announced a change: after … Read more

Boeing is making a big loss

Boeing is making a big loss

New York CNN — Boeing reported a $650 million operating loss in the fourth quarter, surprising Wall Street analysts who had expected the aircraft giant to turn a profit. The company blames the unexpected loss on “abnormal production costs” as it both tried to meet the remaining backlog of 737 Max jets and ramped up … Read more

DOJ is suing Google for its dominance in the online advertising market

DOJ is suing Google for its dominance in the online advertising market

CNN — The Justice Department and eight states sued Google on Tuesday, accusing the company of harming competition with its dominance of the online advertising market and calling for its split. The move marks the Biden administration’s first blockbuster antitrust case against a Big Tech company. The eight states joining the lawsuit are California, Colorado, … Read more