When US short seller Nathan Anderson decided to take on Indian conglomerate Adani Group, he faced the ultimate challenge for someone in his line of business: India’s anti short selling rules. The founder of New York-based Hindenburg Research has not detailed how he structured his financial bet against the infrastructure group, which he has accused
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Portugal has become the second EU country this week to scrap “golden visas” for wealthy non-Europeans, joining Ireland in abolishing a programme that helped pull in foreign investment but sparked controversy. António Costa, Portugal’s prime minister, said on Thursday that his government would stop issuing new golden visas in order to “fight against price speculation
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The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from investors by creating an “interconnected suite of crypto-asset securities,” many of which were involved in
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DoorDash enjoyed an after-hours trading bounce after reporting stronger-than-expected earnings for last year’s fourth quarter, showing signs of healthy post-lockdown growth for the food delivery business. DoorDash, the market-leading food delivery group in the US, ahead of Uber Eats, grew its monthly active user base to 34mn, up 28 per cent on the same period
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Bitcoin (BTC) price rallied over 12% on Feb. 15, marking the highest daily close in more than six months. Curiously, the movement happened while gold reached a 40-day low at $1,826, indicating some potential shift in investors’ risk assessment for cryptocurrencies. A stronger-than-expected U.S. inflation report on Feb. 14 showed consumer prices rising 5.6% year-on-year,
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In this article TXRH MRNA AMAT DKNG DASH Follow your favorite stocksCREATE FREE ACCOUNT Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. DoorDash — The online food delivery platform’s shares jumped 7% after it reported a revenue beat and upbeat guidance. The company’s fourth-quarter revenue came in
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The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have made clear that we need a comprehensive framework to regulate crypto products to protect consumers and our financial system,” said the senator. US Lawmaker Wants Comprehensive Regulatory
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The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The Central Bank of
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Municipals extended their sell-off Thursday, as the front end of the curve was hit the hardest. U.S. Treasuries were weaker, and equities ended in the red. Triple-A benchmarks were cut 13 to 17 basis points at the one-year, depending on the scale, pushing it to around 3%. Muni-UST ratios rose on the short end. The
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Most state officials are upbeat about the economy despite the apparent thinning out of the fat surpluses sitting in general funds and reserves, though the looming debt ceiling and prospect of a U.S. default is casting a pall over some of that optimism. That was a major theme struck by analysts and other stakeholders during
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Puerto Rico’s economy grew in the fourth quarter of 2022, but an economist called it “non-organic economic recovery” and questioned whether it will continue. Puerto Rico’s preliminary Economic Activity Index rose 1.6% in December after a flat November and 0.4% growth in October on a month-to-month basis, the Economic Development Bank for Puerto Rico announced.
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While the U.S. Federal Reserve (FED) continues to monitor the overheated economy, the most likely scenario is further interest rate hikes to curb inflation. The unintended consequence is the heightened government debt cost, creating a bullish environment for scarce assets such as commodities, stock market and cryptocurrencies. Bitcoin’s price gain practically extinguished bears expectation for
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