Hindenburg Research goes after Carl Icahn in latest campaign for market-moving short seller
The Nathan Anderson-led firm took a short position against Icahn Enterprises, alleging “inflated” asset valuations, among other reasons.
Drugs, guns and crypto seized, 288 arrested, in ‘unprecedented’ dark web crackdown
Operation SpecTor took down the darknet site Monopoly Market and resulted in the arrests of 288 suspects who sold drugs and other goods for crypto.
Hollywood writers are on strike — here’s what it means for TV and movie production
Writers are seeking more compensation to reflect the content boom driven by streaming over the past several years.
Barclays downgrades a string of retail stocks as its hopes for a V-shaped recovery fade
Many retailers had expected sales in the first half of this year to be weak, followed by a pickup in the second half. Barclays says this is less likely.
Who’s the next Chegg? A.I. could threaten the main revenue sources for these companies
Tuesday’s selloff in Chegg shares exposed some investors to the potential drawbacks of artificial intelligence
PacWest falls more than 20% as regional bank stocks slide to new lows
Regional bank stocks saw their losses for the week deepen as investors digest the failure of First Republic.
Europe markets close 1.2% lower as Fed meeting kicks off; oil and gas stocks down 4.5%
European markets dropped Tuesday as investors awaited the start of the U.S. Federal Reserve’s monetary policy meeting.
That simple ‘hi’ text from a stranger could be the start of a scam that ends up costing you millions
“Pig butchering” operations run out of Asia but target victims globally, with scammers promising love and wealth to get their victims to invest their fortunes.
Nearly 25% of jobs are set to be disrupted in the next five years — and A.I. could play a key role: World Economic Forum
WEF expects there to be 14 million fewer jobs overall in five years’ time as labor markets face an overhaul from AI and a slew of other factors.
Chegg shares drop more than 40% after company says ChatGPT is killing its business
Chegg beat first-quarter expectations on the top and bottom lines but issued a weak second-quarter revenue outlook.
