MUMBAI: Amid speculation that Adani Enterprises may be forced to amend its Rs 20,000-crore follow-on public offer after a plunge in its stock price, the Ahmedabad-based company clarified that its FPO remains on schedule at the set issue price.The flagship of the Adani Group had fixed the FPO at Rs 3,112-Rs 3,276 per share. However, … Read more
By P R Sanjai and Eltaf Najafizada The Adani Group will release a detailed response to allegations made by US short seller Hindenburg Research only after the completion of a new share sale that’s set to conclude on Jan 31, according to people familiar with the matter. The conglomerate owned by Asia’s richest person Gautam Adani … Read more
There still are plenty of stock-buying opportunities as earnings reports continue to roll out, according to Bank of America analysts. The firm is recommending a slew of companies that investors should own in advance of the company’s quarterly results. CNBC Pro combed through Bank of America’s recent research to find the most attractive stocks that … Read more
People wait in line to attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. Patrick T. Fallon | Afp | Getty Images These days the U.S. unemployment system is somewhat of an anomaly. Almost three years after the Covid-19 pandemic caused the worst jobless crisis in the U.S. since the … Read more
Customers wearing protective masks looks at the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, Feb. 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT — As automakers chase Tesla-like profits on new electric vehicles, they face an existential question: how best to bring franchised auto … Read more
January’s market rally faces a major test in the week ahead from multiple major events, the most important of which could be the Federal Reserve’s interest rate announcement and press conference. The Fed’s meeting Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S & P 500 reporting … Read more
The Colorado River wraps around Horseshoe Bend in the in Glen Canyon National Recreation Area in Page, Arizona. Rhona Wise | Afp | Getty Images States dependent on the drought-stricken Colorado River are increasingly looking toward desalination as a way to fix the river’s deficit and boost water supplies across the western U.S. The search … Read more
A worker performs quality checks on a Boeing Co. F/A-18 Super Hornet fighter aircraft at the Boeing Defense, Space & Security facility in St. Louis, Missouri, U.S., on Monday, July 24, 2018. Alex Flynn | Bloomberg | Getty Images Boeing expects to hire 10,000 workers in 2023 as it recovers from the pandemic and increases … Read more
CNBC’s Jim Cramer on Friday said that Wall Street’s recent gains could continue next week depending on the Federal Reserve’s actions. “A decision not to raise rates at all might show too much weakness. A quarter-point with a statement that they’ll remain vigilant will allow the bulls to party on,” he said. The central bank … Read more
CNBC’s Jim Cramer on Friday told investors to steer clear of stocks in the Nasdaq Composite and instead place their bets on names listed in the Dow Jones Industrial Average. “Even though tech has started the new year strong, and it was crazy good today, the charts, as interpreted by Larry Williams, say you need … Read more