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Welcome to Top of the Morning by Mint.. I'm Nelson John and here are today's top stories. 1. Lokpal Clears Ex-SEBI Chief in Adani-Linked Allegations India's anti-corruption ombudsman, Lokpal, has dismissed all complaints against former SEBI chairperson Madhabi Puri Buch. The allegations—based on a Hindenburg Research report—claimed Buch and her husband held offshore stakes linked to the Adani Group. The Lokpal, led by Justice A.M. Khanwilkar, concluded the complaints were based on “presumptions and assumptions” with no verifiable evidence. Buch, who completed her SEBI tenure in February 2025, had strongly denied the claims. With Hindenburg itself shutting shop in January 2025, the watchdog ruled the report could not serve as grounds for a corruption probe. 2. SAIL Posts Q4 Growth, Announces Dividend Steel Authority of India Ltd (SAIL) delivered a solid close to FY25, reporting an 11% rise in Q4 net profit to ₹1,251 crore. Revenue grew 4.8% year-on-year to ₹29,316 crore, with gains led by its IISCO and Alloy Steels plants. The Maharatna PSU announced a final dividend of ₹1.60 per share. SAIL stock, which has delivered a 325% return over five years, gained 13.5% year-to-date despite a 21% dip over the past year. With India's infra buildout gaining momentum, SAIL hopes to carry the steel into coming quarters. 3. US Cracks Down on Global Censorship with Visa Ban In a bold move defending free speech, US Secretary of State Marco Rubio has introduced visa restrictions targeting foreign nationals who attempt to censor expression within the US. The policy aims to block those who threaten legal action against US citizens for social media posts or pressure tech platforms to follow global censorship norms. Rubio didn't name countries, but the message is clear: foreign governments trying to police American speech or platforms will now face consequences. “We will not tolerate encroachments on American sovereignty,” Rubio said. 4. TCS Dividend Dip Signals Strategic Shift? Tata Sons has seen its dividend income from Tata Consultancy Services (TCS) drop for the first time since the IT major's 2004 listing. In FY25, Tata Sons earned ₹32,718 crore—₹1,333 crore less than the previous year. While TCS's revenue rose 3.8% to $30.18 billion and net profit by 2%, the payout ratio dipped to 93.9%, the lowest in six years. Analysts suspect the company is conserving cash for strategic investments in AI and tech. Adding to concerns, TCS skipped its usual annual salary hike, citing macro uncertainty. 5. Govt Hikes MSP, Extends Farm Loan Relief Ahead of Polls With elections on the horizon, the Centre has hiked Minimum Support Prices (MSP) for 14 kharif crops, with tur dal seeing the steepest rise of ₹450 to ₹8,000 per quintal. The government also extended the Modified Interest Subvention Scheme into FY26, offering farmers loans up to ₹3 lakh at subsidized rates via Kisan Credit Cards. Critics, however, note that the 3% hike in paddy MSP is below inflation. The Cabinet also cleared ₹7,000 crore worth of infrastructure projects, including a major rail corridor in Andhra Pradesh—part of a ₹4.5 trillion push to boost connectivity and cut logistics costs. Learn more about your ad choices. Visit megaphone.fm/adchoices
Perché uno degli hedge fund più controversi degli ultimi anni ha deciso di chiudere all'apice del successo? In questo episodio parliamo di Hindenburg Research, del suo stile “activist”, dei casi più clamorosi che ha smascherato – da Adani a Nikola – e del ruolo scomodo ma fondamentale dello short selling nei mercati finanziari. 63 report pubblicati, un tasso di successo dell'81% e miliardi di capitalizzazione bruciati: numeri che raccontano una strategia tanto criticata quanto efficace. Un episodio per chi ama la finanza vera, fatta di numeri, indagini e zone grigie. Sei ancora qui? Sintonizzati! ---------------- CORSI E CONSULENZE: https://mataandassociates.com/corsi-e-consulenze MEMBERSHIP: https://mataandassociates.com/membership SITO: https://mataandassociates.com EMAIL: staff@mataandassociates.com Learn more about your ad choices. Visit megaphone.fm/adchoices
David Baszucki is the CEO of Roblox. He joins Big Technology Podcast to discuss how the company envisions generative AI playing into game creation on Roblox. Tune in to hear his vision for a future where users can prompt entire game experiences and modify them in real time using AI. We also cover child safety concerns, Hindenburg Research allegations, and whether parents should give their kids money to spend on Roblox. Hit play for an insightful conversation about the intersection of gaming, AI, and the future of creative digital experiences. --- Enjoying Big Technology Podcast? Please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice. For weekly updates on the show, sign up for the pod newsletter on LinkedIn: https://www.linkedin.com/newsletters/6901970121829801984/ Want a discount for Big Technology on Substack? Here's 40% off for the first year: https://tinyurl.com/bigtechnology Questions? Feedback? Write to: bigtechnologypodcast@gmail.com
Der bekannte Shortseller Nate Anderson von Hindenburg Research zieht sich aus dem Geschäft zurück. Weitere Shortseller haben in den vergangenen Jahren ihren Abschied erklärt. Manche sprechen bereits von einer Krise der Leerverkäufer, die sich nun mit Donald Trump und Elon Musk im Weißen Haus verstärken könnte. Beide hassen die sogenannten Wachhunde der Börse, denn sowohl Trumps als auch Musks Unternehmen waren in der Vergangenheit immer mal wieder durch Börsenwetten gegen sie unter Druck geraten. Leerverkäufer wetten auf sinkende Kurse und kommen zu solchen Entscheidungen, indem sie sich genau mit Bilanzen und dem Marktumfeld beschäftigen. In Zeiten eines anhaltenden Bullenmarkts ist jedoch das Business für die Shortseller wenig lukrativ und sehr risikoreich. Diese Krise der Branche kann durchaus auch alarmierend für diejenigen sein, die nicht an der Börse investiert sind. Mehr dazu von Ole Nymoen und Wolfgang M. Schmitt in der neuen Folge von „Wohlstand für Alle“. Literatur: Trump, Musk und die Shortseller: https://www.institutionalinvestor.com/article/2edq4uvlj6n0xbevx9hxc/corner-office/can-short-selling-survive-trump-2-0 Eine Studie der Bundesbank zu Shortsellern während der Pandemie: https://www.bundesbank.de/de/publikationen/forschung/research-brief/2021-41-leerverkaeufe-874288 Über Hindenburg Research: https://www.ft.com/content/6ed22d3a-f70b-431c-9de6-40ed163307e2 Über die Arbeit der Shortseller: https://www.ft.com/content/8b3261c9-f42f-4896-a2cb-89b83f4d2b6d Heike Buchter, „Die Zeit“, über Hindenburg Research: https://www.zeit.de/2020/16/boersenmarkt-corona-krise-spekulation-absturz/komplettansicht Termine: Wolfgang ist am 20. März in Reutlingen: https://www.keb-rt.de/programm/kw/bereich/kursdetails/kurs/25-1-02Z01/kursname/Kino%20anders%20gedacht%20131.%20MuT-Zeitgespr%E4ch%20mit%20Wolfgang%20M%20Schmitt/ Wolfgang ist am 25. März in Duisburg: https://filmforum.de/filme/rashomon-41834/ Ole ist am 14. April in Berlin: https://renaissance-theater.de/produktion/jakob-augstein-im-gespraech-5/ Buch-Tipp: Oles neues Buch könnt ihr hier vorbestellen: https://www.rowohlt.de/buch/ole-nymoen-warum-ich-niemals-fuer-mein-land-kaempfen-wuerde-9783499017551 Unsere Zusatzinhalte könnt ihr bei Apple Podcasts, Steady und Patreon hören. Vielen Dank! Apple Podcasts: https://podcasts.apple.com/de/podcast/wohlstand-f%C3%BCr-alle/id1476402723 Patreon: https://www.patreon.com/oleundwolfgang Steady: https://steadyhq.com/de/oleundwolfgang/about
Lo que comenzó como un sueño por cambiar el mundo de la automoción sostenible se ha convertido en pesadilla. La compañía de camiones eléctricos Nikola se declara en quiebra por la gran pérdida de efectivo que presentó en el último ejercicio. Intentó recaudar fondos para solventar los problemas de financiación pero tampoco tuvo éxito. ¿Qué razones alega la compañía para tomar esta decisión? Su CEO, Steve Girsky, declaró en un comunicado que “al igual que otras empresas en la industria de vehículos eléctricos, hemos enfrentado diversos factores de mercado y macroeconómicos que han impactado nuestra capacidad para operar”. Un Girsky que no hace tanto se mostraba muy optimista con el futuro de la compañía. Aunque lo cierto es que ya los antecedentes de la compañía hacían que las dudas sobrevolaran sobre su viabilidad. En 2022, su fundador Trevor Milton, fue condenado por fraude electrónico y fraude bursátil. Ya en 2020, la empresa de investigación estadounidense Hindenburg Research ya le había echado el ojo. La firma publicó en septiembre de ese año el informe Nikola: Cómo valerse de un océano de mentiras en la asociación con el mayor fabricante de coches de Estados Unidos. Entre estas mentiras, la firma alegaba que en un vídeo promocional de 2018 era un camión sin motor bajando una pendiente por gravedad o que Milton presentó el prototipo Nikola One funcional cuando no tenía un motor que funcionara para moverlo. Todo esto provocó que solo días después de la publicación, Milton dimitiera. La empresa sobrevivió y en 2023 nombró a Grisky como nuevo CEO, aunque no ha podido revertir la situación. La compañía se ha enfrentado eso sí unas condiciones financieras desfavorables, con dificultades para pedir préstamos por los intereses tan altos. Aunque algunos analistas, como Hernán Cortés, socio fundador y gestor de Olea Gestión, esta situación podría revertirse este año. Otra de las grandes curiosidades de la compañía es que mantuvo un pleito con Tesla. Las dos empresas que comparten el nombre del afamado inventor tuvieron un pleito. Milton acusó a la empresa de Elon Musk en 2018 de violar seis patentes con su modelo de camión eléctrico Tesla Semi. Nikola entonces reclamó a la compañía del multimillonario sudáfricano por supuestamente copiar el parabrisas envolvente, la forma de la cabina y el diseño y utilidad de la puerta lateral del Nikola One. El pleito se desestimó posteriormente.
The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
Shoot us a Text.On this Thursday, we're covering how EV/hydrogen truck maker Nikola is filing for bankruptcy, how West Herr Auto Group gifted Slick Rick from the Buffalo Bills mailroom a car, and how kids meals are becoming something everyone orders.Electric truck startup Nikola, once a Wall Street darling valued higher than Ford, has filed for bankruptcy, joining other EV-makers like Fisker, Lordstown Motors and Electric Last Mile Solutions.Founded in 2015, Nikola promised a hydrogen-fueled revolution for trucking, securing billions in investments from GM, Bosch, and others.In 2020, short-seller Hindenburg Research accused Nikola of faking its truck technology, revealing a promotional video showing a truck rolling downhill with no powertrain.Founder Trevor Milton resigned amid fraud allegations and was later convicted in 2022, receiving a four-year prison sentence.Despite shifting focus to hydrogen fuel cell trucks, Nikola produced only 235 vehicles, amidst supply chain issues, rising costs, and an underdeveloped hydrogen fueling network.CEO Steve Girsky blamed economic conditions, stating, “Our very best efforts have not been enough to overcome these significant challenges.”When quarterback Josh Allen gave his MVP acceptance speech last week, he made sure to shout out someone who rarely gets the spotlight—Roderick “Slick Rick” Morrow, a beloved mailroom employee at One Bills Drive.After Allen's speech, Buffalo fans quickly fell in love with Slick Rick. One detail caught everyone's attention: despite working for the Bills for over a decade, Rick had been taking the bus to work every day.West Herr Automotive Group knew they couldn't just stand by on the sidelines, and on Valentine's Day, they surprised Slick Rick with a Chevy Traverse—his very own set of wheels after years of relying on public transportation.“It feels like I'm living the dream, and I am!” Rick said, soaking in all the love from the Buffalo community.As fast-food prices continue to skyrocket, some savvy consumers have found a way to save money—by ordering kids' meals. The trend has surged in popularity, with many adults opting for smaller portions at lower prices, sometimes even enjoying the bonus of a toy.Data from Circana shows a 28% increase in adults ordering kids' meals in 2024 compared to 2019.Fast-food prices have surged by 39%-100% over the past decade, outpacing inflation (31%), with McDonald's, Popeyes, and Taco Bell leading the way.Social media influencers, such as TikTok's “kids' meal connoisseur” Ashley Garrett, have fueled the trend by reviewing and rating kids' meals.Restaurant investor Dan Rowe suggests the issue isn't adults ordering kids' meals but rather, “If people are ordering off of your kids' menu, you have other issues.”The rise of GLP-1 weight-loss drugs like Ozempic and Wegovy, which reduce appetite, could also be contributing to the demand for smaller portion sizes.Hosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email
THE HINDENBURG RESEARCH REPORT ON CARVANA OUTLINES BANKRUPTCY RISKS, BILLION-DOLLAR STOCK CASH-OUTS, MASSIVE DEBT, SUBPRIME AUTO LOAN DELINQUENCIES, AND A POSITIVE EXECUTIVE FUTURE OUTLOOK. Is this a Nothing Burger? This is Automotive Ecosystem on ATI.
AI investment in the US could be ramping up. What is Stargate? Canada is in the tariff crosshairs. Why is our northern neighbor being targeted? Finally, TikTok's US ban goes into effect on Sunday. How can the platform resist being blocked for good? Finally, this month's question is about short sellers. How does Hindenburg Research closing down impact the investment world?
In this episode of The Canadian Investor Podcast, we discuss the latest Canadian CPI data, which reveals the impact of the GST break and implications for interest rate cuts. We discuss Donald Trump's potential 25% tariffs on Canadian goods and the launch of the Trump and Melania meme coins. We also take a look at the recent earnings from BlackRock earnings, Cogeco Communications and Richelieu Hardware. Finally, we reflect on the disbanding of Hindenburg Research and its legacy in short selling. Tickers of Stocks/ETFs discussed: BLK, RCH.TO, CCA Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon’s twitter: @Fiat_Iceberg Braden’s twitter: @BradoCapital Dan’s Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor Spotify - The Canadian Real Estate Investor Web player - The Canadian Real Estate Investor Asset Allocation ETFs | BMO Global Asset Management Sign up for Finchat.io for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.
Episode 499: Neal and Toby talk about the sudden closure of famous (or infamous) short-seller firm Hindenburg Research. Then, Jeff Bezos' Blue Origin has officially entered the space race as it sends its first rocket into orbit. Meanwhile, MBAs are looking like they're losing their prestige as even Harvard MBAs are having a tough time landing a job post-college. Plus, Nintendo is the Stock of the Week, while UnitedHealth Group is the Dog of the Week. Finally, Scott Bessent, Zyn, Tubi, and Duolingo are in the headlines. Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Checkout public.com/morningbrew for more Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. Alpha is an AI research tool powered by GPT-4. Alpha is experimental and may generate inaccurate responses. Output from Alpha should not be construed as investment research or recommendations, and should not serve as the basis for any investment decision. Public makes no warranties about its accuracy, completeness, quality, or timeliness of any Alpha out. Please independently evaluate and verify any such output for your own use case. Learn more about your ad choices. Visit megaphone.fm/adchoices
Guy Adami and Danny Moses explore the performance of the S&P 500 post-election. The duo analyze the implications of tax cuts, tariff scares, and bond yields, with Guy predicting ten-year yields will reach 5% by the Super Bowl. The conversation evaluates the impact of Federal Reserve policies, bond market activities, and Jerome Powell's tenure on financial markets. Danny delves into the challenges faced by the bond market since 2007-08 and the fine line between economic growth and higher interest rates. Shifting gears, they discuss the valuations of major banks and the disparity in market perceptions of JPMorgan and Citibank. The episode also examines the performance of luxury brands like Richemont amidst stark economic realities, and wraps up with insights on gold, Bitcoin, and the potential market implications of Hindenburg Research's closure. The hosts then preview upcoming football games, providing their thoughts and predictions for the weekend's matchups. Further Reading Buying These Bond Funds Might Just Be the ‘Dumbest Trade You Can Make' (Barrons) Cartier Owner Richemont's Sales Beat Buoys Luxury Stocks (WSJ) Short Seller Nate Anderson Says He's Disbanding Hindenburg (Bloomberg) Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe — About the Show: On The Tape is a weekly podcast with CNBC Fast Money's Guy Adami, Dan Nathan and Danny Moses. They're offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we're here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. — Check out our show notes here See what adding futures can do for you at cmegroup.com/onthetape. — Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod on Twitter or @riskreversalmedia on Threads — We're on social: Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Thomas @LizThomasStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.
In this week's episode, we discuss the TikTok ban looming over the market, Hindenburg Research closing their doors, Hamish's Q4 earnings preview and the latest inflation data coming out of the US. Thanks to Seeking Alpha for sponsoring this episode! Get $50 OFF when you sign up for a limited time: https://seekingalpha.me/younginvestors Now available on YouTube, Apple Podcast, Spotify & most other platforms! Spotify: https://open.spotify.com/show/2caCydo... Apple: https://podcasts.apple.com/au/podcast... ★ ★ OUR CHANNELS ★ ★ Hamish: https://www.youtube.com/hamishhodder Brandon: https://www.youtube.com/channel/UCvSX... ★ ★ FOLLOW US ★ ★ Instagram (Hamish) ► hamishhodderofficial Instagram (Brandon)► new.money.official Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative #1305795 of Guideway Financial Services Pty Ltd, AFSL #420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's FSG available from guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.
Explore how Hindenburg Research's clash with Modi and Adani has backfired, marking a significant turn in the global narrative. Sanjay Dixit unpacks the broader implications, including the first signs of Donald Trump's resurgence on the global stage.
Warum sind Short Seller wichtig? Was passiert am Sonntag mit TikTok? Wie erhöhen wir die Geburtenraten? Wie waren die TSMC Earnings? Entdecke die Angebote unserer Werbepartner auf doppelgaenger.io/werbung. Vielen Dank! Philipp Glöckler und Philipp Klöckner sprechen heute über: (00:00:00) Hindenburg Research (00:13.25) TikTok (00:16:55) Geburtenrate (00:31:35) TSMC Earnings (00:38:00) Krypto Spende (00:44:20) Stephen Miller Shownotes Leerverkäufer Hindenburg Research hört auf Hindenburg Research Sinkende Geburtenraten lassen einen starken Rückgang des Lebensstandards befürchten Financial Times Abgeordneten Watch Kryptobörse spendet 1,75 Millionen Euro an CDU/CSU, SPD und FDP Table Briefings Eric Demuth (Bitpanda CEO): “Wir haben 1,75 Millionen EUR an deutsche Parteien überwiesen …” LinkedIn Stephen Miller war der Architekt von Donald J. Trumps harter Einwanderungspolitik in seiner ersten Amtszeit. Jetzt ist er zurück und hat weniger interne Konkurrenten und noch mehr Einfluss auf den Präsidenten. New York Times
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Friday, January 17, 2025. This is Nelson John, let's get started. The upcoming Union budget for 2025-26 is set to focus heavily on agriculture, small businesses, boosting household spending, and creating more jobs, Dhirendra Kumar and Gireesh Chandra Prasad report. The plan is to introduce farmer incentives, support for MSMEs, and measures to increase consumer spending. Expect the budget to zoom in on promoting high-value agriculture—things like fruits, vegetables, and animal farming—to help small farmers grow their incomes. This will be backed by investments in technology and better marketing strategies. For MSMEs, the budget might offer easier credit options and ensure they get paid on time by larger companies. There could also be incentives for making industries like rice milling more energy-efficient, aligning with the nation's renewable energy targets. This week equity markets were hit hard, with investors losing over ₹12 trillion on Monday. A strong dollar and worries about fewer US rate cuts have drained liquidity and led to massive sell-offs globally. As the dollar index has climbed 9% since October, betting on a robust US economy and sustained inflation, riskier assets like emerging market equities have lost their lustre. Higher US treasury yields suggest that fewer rate cuts might be in store for 2025, further dampening the mood. In India, the economic outlook isn't too rosy either. Reduced government spending, cooling credit, stubborn inflation, and sluggish demand are hurting corporate profits, making it difficult for Indian stocks to justify their high valuations. Abhinaba Saha writes about what could be expected from the market in the coming weeks. This month marks a big leap for connectivity in Kashmir with the launch of the first-ever train service linking Srinagar to the rest of the country. The new Vande Bharat Sleeper train, part of the Udhampur-Srinagar-Baramulla Railway Project (USBRL), will travel over 800 kilometers from New Delhi to Srinagar. This line not only promises faster travel times but also aims to boost the local economy by enhancing sectors like tourism and agriculture. Plus, it offers a reliable alternative to the often-blocked Srinagar-Jammu National Highway. While there's excitement about the potential for growth and better connectivity, there are also worries about the environmental impact and the economic effects on Jammu's local businesses. Irfan Amin Malik examines how Kashmir's first rail link with the rest of India will impact its key sectors.Hindenburg Research, the American short-seller famous for shaking up the corporate world, is closing its doors. Nathan Anderson, the founder, announced the shutdown without spilling the beans on why, only mentioning that he's ending on a high note. Hindenburg shot to fame in India after it lobbed serious fraud accusations at the Adani Group in January 2023, wiping billions from their market value overnight. Though Adani later recouped most of these losses, the impact was unforgettable. Adani's CFO even threw a bit of shade on social media, hinting at outlasting their critics. This closure isn't just big news for Hindenburg; it's a turning point for the world of short-sellers, who've been facing scrutiny and regulatory challenges across the world.Reliance Industries Ltd announced on Thursday a 7.4% increase in its net profit for the December quarter, reaching Rs 18,540 crore, up from Rs 17,265 crore during the same period last year. The earnings per share also rose to Rs 13.70 from Rs 12.76. This growth comes as the company saw a strong performance in its retail business and an increase in telecom earnings. Sequentially, the profit rose from Rs 16,563 crore in the previous quarter. Revenue from operations also increased, hitting Rs 2.43 trillion compared to Rs 2.27 trillion in the October-December 2023 quarter.
Plus: Short seller Nate Anderson shuts down Hindenburg Research. And, President Biden warns of an oligarchy and a tech industrial complex taking hold in his farewell address. Kate Bullivant hosts. Sign up for WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Israel and Hamas have reached a ceasefire deal, but last minute disputes have held up its approval. Former foreign policy advisor in the Bush Administration Dan Senor explains the nuances of the deal and argues, while it isn't a good deal for Israel, he still supports it. Plus, President Biden delivers a warning in his farewell address, short seller Hindenburg Research is shutting down, and a number of tech CEOs are headed to Washington, for President-elect Trump's inauguration. Dan Senor - 10:04 In this episode:Joe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 16th of January and here are the headlines.The Indian Space Research Organisation (ISRO) successfully docked its SpaDeX satellites on Thursday, after bringing them within 3 meters of each other. Following the docking, ISRO confirmed the satellites were functioning as a single unit. The space agency mentioned that undocking and power transfer checks would follow in the coming days. The docking process had previously been delayed twice, on January 7 and 9, due to technical issues. The satellites were launched on December 30.Saif Ali Khan, after undergoing surgery for stab wounds sustained in a home attack, is now in stable condition, according to doctors at Lilavati Hospital. The attack occurred early Thursday when an intruder stabbed Khan multiple times, including a serious wound near his spine. Police believe the attacker may be linked to a domestic worker who allowed him entry. The intruder was briefly locked in a room but managed to escape. Theft is suspected as the motive.Nearly 50,000 international students failed to show up at Canadian colleges and universities in March-April 2024, with Indian students making up a significant portion. Of the 20,000 “no-shows,” 5.4% were from India, representing a sizeable portion of the country's study permit holders. This data, compiled under the International Student Compliance Regime, highlights the non-compliance of 6.9% of international students, prompting educational institutions to report on enrolment twice a year to ensure adherence to study permits.Hindenburg Research, the US-based short seller whose allegations caused significant financial turmoil, including for India's Adani Group, has announced its closure. The decision to disband the firm came shortly after US Congressman Lance Gooden wrote to Attorney General Merrick Garland, asking for clarification on the US Department of Justice's case against Adani. The letter highlighted concerns over the investigation's focus on a foreign company while Hindenburg's own role in global financial disruptions has been scrutinized.A ceasefire agreement between Hamas and Israeli negotiators is set to end the 15-month Gaza conflict, with the deal taking effect on January 19. The agreement, brokered by US President Joe Biden, includes swapping hostages for imprisoned Palestinians in Israel. Biden, who played a pivotal role in the negotiations, views this achievement as a significant foreign policy legacy. While he is credited with ending the bloodiest phase of the Israel-Gaza conflict, he shares this accomplishment with his successor, Donald Trump.This was the Catch Up on 3 Things by the Indian Express.
- Hindenburg Research Announces It's Disbanding - ACEA Practically Begging EU to Rethink Emission Rules - Chinese Automakers Want to Buy VW Plants - NADA Promises to Fight Direct Sales - KargoBot Gets Autonomous Platooning Approval - China's Jetour Aims to Take on Land Rover and Jeep - Stellantis Shipments Decline - Renault Group Increases Its Global Sales - Honda's American Sales Up - Honda Wants Nissan to Buy Renault's Nissan Shares - Nissan Training Chinese Auto Techs to Work in Japan
- Hindenburg Research Announces It's Disbanding - ACEA Practically Begging EU to Rethink Emission Rules - Chinese Automakers Want to Buy VW Plants - NADA Promises to Fight Direct Sales - KargoBot Gets Autonomous Platooning Approval - China's Jetour Aims to Take on Land Rover and Jeep - Stellantis Shipments Decline - Renault Group Increases Its Global Sales - Honda's American Sales Up - Honda Wants Nissan to Buy Renault's Nissan Shares - Nissan Training Chinese Auto Techs to Work in Japan
Voordat je rode oortjes krijgt, we bedoelen een chip-triootje: ASML, ASMI en Besi. Die aandelen stijgen hard na goed nieuws van chipmaker TSMC. Vooral de winst valt op. Deze aflevering kijken we of de Nederlandse chipbedrijven dat kunstje ook kunnen flikken. De AEX-droom van Fastned spat uiteen. Het bedrijf wordt door beleggers aan de kant gezet. Fastned heeft last van de trage groei van elektrische auto's en moet daardoor ook het eigen groeitempo terugschakelen. Over de AEX gesproken, die gaat op de schop. Nu bestaat de index nog uit 25 namen, dat moeten er binnenkort 30 worden. Maar schiet je daar als belegger ook wat mee op? En een doorbraak voor Jeff Bezos: hij lanceert een 100 meter lange raket met zijn Blue Origin. Daarmee wordt hij een serieuze concurrent voor SpaceX, van Elon Musk. See omnystudio.com/listener for privacy information.
RBC upgraded Carvana (CVNA) to outperform, signaling that its gross margins are largely sustainable for the company. This comes after Hindenburg Research issued a report accusing Carvana of accounting manipulation. Caroline Woods takes a close look at the upgrade leading the company's rally. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
In this episode, Scott Becker discusses Carvana’s meteoric stock price increase in 2024, alongside recent allegations from Hindenburg Research accusing the company of inflated earnings and questionable practices.
The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
Shoot us a Text.Today, we break down the Hindenburg Research report that allegedly exposes Carvana's shady business practices. Plus, we cover Tesla's first annual drop in deliveries and talk about the return of cursive logos.Show Notes with links:Hindenburg Research, known for exposing automotive startups like Nikola and Lordstown Motors, has published a scathing report on used-car retailer Carvana, alleging questionable accounting practices and underwriting concerns.Carvana allegedly sold $800M in loans to a "suspected related party" and used "accounting manipulation" to inflate profits. Carvana allegedly sold vehicles to DriveTime, a company owned by Ernie Garcia II (father of Carvana's CEO), at inflated prices to avoid recording markdowns, thereby boosting its reported revenue.A former director reportedly claimed Carvana approved 100% of loan applicants, suggesting riskier lending practices to generate higher loan volumes, and by extending loan terms through a DriveTime affiliate, Carvana may have avoided reporting higher delinquency rates, potentially hiding the true state of its loan portfolio.Carvana shares dropped 1.9% following the report, closing at $199.56.The company called the report "intentionally misleading and inaccurate," asserting a focus on long-term growth.Tesla's Q4 production and delivery numbers are in, marking a challenging end to 2024 for the EV giant, with its first annual drop in deliveries amidst intensifying competition and political distractions for CEO Elon Musk.Tesla delivered 1.78M vehicles in 2024, falling short of the 1.81M it delivered in 2023.Q4 2024 deliveries hit 495,570, falling short of analysts' expectations of over 500,000.Tesla shares dropped 7% following the report, despite a 63% rally in 2024, showing mixed investor sentiment.Tesla faced declining sales in Europe and slower growth in China while rivals like BYD and Hyundai gained market share.High-priced Cybertrucks are "piling up on used car lots," reflecting a lack of affordable EV options in 2024.“Tesla still does many things better than any other EV maker, but the challenge remains the nuts-and-bolts job of being a car company,” said Patrick George, editor in chief of InsideEVs.Lord & Taylor is turning back the clock, reviving its cursive logo as it prepares to relaunch as an online discount luxury retailer under new ownership, Regal Brands Global.The classic script logo, first introduced in 1945, replaces the modern sans-serif wordmark, which the new leadership called "the biggest betrayal of the brand."Founded in 1826, Lord & Taylor is embracing its legacy, branding itself as “the signature of American style” for its digital comeback.Many brands have moved away from cursive logos due to younger consumers' unfamiliarity with the style, but Lord & Taylor sees its heritage as a unique strength.“I understand going after young customers, but this is not a startup,” said Regal Brands Global chief strategy officer SinaHosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email
Tesla (TSLA) gets a price target hike after Thursday's sell-off. Wolfe Research upgrades Chewy (CHWY) and its stock ticks higher. Hindenburg Research discloses the short position on Carvana (CVNA). Tom White talks about the biggest movers to start the final trading day of the week. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
Likefolio's Megan Brantley discusses their data on Carvana (CVNA) after a Hindenburg Research report called its turnaround a “mirage.” She says consumers continue to report positive experiences with Carvana (CVNA), with strong year-over-year growth in visits. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
Carvana (CVNA) traded down after Hindenburg Research called the company's turnaround a "mirage." Hindenburg accuses Carvana of shoring up its numbers through "related-party accounting games." Additionally, President Biden has blocked Nippon Steel from taking over U.S. Steel (X), igniting a stock sell-off. Diane King Hall discusses some of the morning's biggest stories. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
In this episode, Scott Becker discusses Carvana’s meteoric stock price increase in 2024, alongside recent allegations from Hindenburg Research accusing the company of inflated earnings and questionable practices.
This Day in Legal History: Gong Lum v. RiceOn November 21, 1927, the U.S. Supreme Court issued its decision in Gong Lum v. Rice, a landmark case concerning racial segregation in public education. The case arose when Martha Lum, a nine-year-old Chinese American girl, was denied entry to a school for white children in Mississippi. Local authorities directed her to attend a school designated for Black students under the state's racially segregated education system. Her father, Gong Lum, challenged the decision, arguing that such segregation violated the Equal Protection Clause of the Fourteenth Amendment.The Supreme Court, however, ruled unanimously that Mississippi's actions were constitutional. It extended the "separate but equal" doctrine established in Plessy v. Ferguson (1896) to include Asian Americans, thereby reinforcing the legality of segregated schools. The Court maintained that states had the authority to classify students by race and assign them to separate schools, as long as the facilities were deemed equal. This decision effectively placed Chinese Americans and other non-White groups under the same discriminatory segregation laws applied to African Americans in the Jim Crow South.The ruling was a significant blow to the Lum family and a stark reminder of the pervasive racial hierarchies embedded in U.S. law at the time. It also illustrated how the "separate but equal" doctrine legitimized widespread exclusion and inequality, beyond Black and White racial dynamics. The precedent set by Gong Lum v. Rice remained unchallenged for decades, contributing to the entrenchment of racially segregated education across the United States.This decision underscored the systemic nature of racial discrimination in early 20th-century America. It wasn't until Brown v. Board of Education in 1954 that the Supreme Court overruled the doctrine of "separate but equal," marking a pivotal shift toward dismantling segregation in public education. Gong Lum v. Rice remains a critical case in the history of American civil rights law, reflecting the broader struggles of minority groups against institutionalized racism.The latest round of year-end bonuses at major law firms reflects a cautious approach to associate compensation as firms prioritize protecting partner profits amid rising revenues. Milbank LLP initiated the bonus announcements, offering payments up to $140,000, including special bonuses introduced earlier in the year. At least five firms have matched Milbank's bonus structure, with others expected to follow. However, the stagnant bonus scale, unchanged since 2021, indicates a broader effort to manage costs while maintaining profitability.This year, firms are separating special bonuses from regular ones to avoid setting new precedents for higher compensation scales. Recruiters note that Milbank's early announcements help attract associate attention, a valuable branding strategy. The firm's financial success, with $1.5 billion in gross revenue and over $5.1 million in profits per equity partner last year, underscores its robust position, even as it faces some high-profile departures and lateral hires.Despite the cautious bonus adjustments, top law firms are thriving. A Wells Fargo survey revealed a 15% revenue increase and a 25% net income rise among the 50 largest firms, driven by higher demand, productivity, and billing rates. Still, associate productivity has only slightly improved from record lows, and firms are increasingly focusing on partner-level recruitment to sustain profitability. Traditional leaders like Cravath remain influential in finalizing bonus decisions, reinforcing long-standing industry customs.Big Law Hedges Associate Bonuses to Protect Partner ProfitsIndian billionaire Gautam Adani has been charged by U.S. prosecutors in a $265 million bribery scheme involving payments to Indian officials to secure power contracts and develop India's largest solar power project. The indictment, which includes securities fraud and conspiracy charges, also implicates Adani's nephew, Sagar Adani, and former Adani Green Energy CEO Vneet Jaain. The scheme allegedly defrauded American investors by concealing corruption in financial materials for bond offerings, including one that raised $750 million in 2021.The U.S. has issued arrest warrants for Gautam and Sagar Adani, intending to involve foreign authorities under an extradition treaty with India. Adani's conglomerate, already under scrutiny after a critical report by Hindenburg Research in 2023, saw its market value plunge by $20 billion following the indictment. Adani Green Energy canceled a $600 million bond sale, and shares of Adani-related firms dropped sharply.Indian regulators, including SEBI, have yet to comment on the U.S. charges, while opposition parties in India demand further investigations into the group. The Adani Group denies the allegations and plans to challenge the charges, but the scandal has intensified scrutiny over the company's operations and political connections.Indian tycoon Gautam Adani charged in US over $265 million bribery scheme | ReutersThe U.S. Department of Justice (DOJ) has proposed sweeping measures to address what it calls Google's illegal monopoly in online search and related advertising. Prosecutors argue that Google must divest its Chrome browser, share search data with competitors, and potentially sell its Android operating system to restore competition. The proposals aim to dismantle Google's dominant market position, as it processes 90% of U.S. searches.Other recommendations include banning Google from exclusive agreements with device makers like Apple, ending its preference for its search engine on Chrome and Android, and restricting acquisitions of search rivals or AI products. A five-member technical committee would oversee compliance for up to a decade, with powers to review documents, interview staff, and inspect software code.Chrome and Android are central to Google's business, as they collect user data crucial for targeted advertising. Prosecutors claim these platforms unfairly entrench Google's dominance by limiting rivals' market access. The DOJ also proposes mandatory licensing of search results to competitors at low cost and unrestricted data-sharing unless privacy laws prevent it. Google opposes the measures, calling them government overreach that would harm consumers and innovation. A trial is scheduled for April 2025, during which Google can present alternative proposals. These measures could reshape the digital landscape and are being closely watched by competitors like DuckDuckGo, which supports the DOJ's initiatives.Google must divest Chrome to restore competition in online search, DOJ says | ReutersThe U.S. Consumer Financial Protection Bureau (CFPB) has finalized a rule to regulate major technology firms like Apple Inc. that offer digital wallets and payment apps. Companies processing more than 50 million U.S.-dollar transactions annually will now face oversight similar to banks. This rule significantly raises the initial threshold of 5 million transactions proposed last year. It empowers the CFPB to supervise these firms regularly, not just when legal violations occur, as digital payments become increasingly essential to consumers.CFPB Director Rohit Chopra emphasized that digital payments are now a necessity, warranting heightened oversight. The shift comes as digital wallet usage in the U.S. surged to 62% in 2023, up from 47% the previous year, with Apple Pay maintaining dominance in the sector.The new regulatory environment follows global scrutiny of tech firms. Apple recently agreed with European regulators to open its near-field communication technology to competitors, a notable change in its approach. Other firms, like PayPal, are also cooperating with the CFPB on compliance questions regarding digital wallet features.The rule, set to take effect 30 days after its publication, introduces a significant shift in how large tech firms are governed. However, it remains an open question how these regulations will fare under the Trump administration, given the potential for policy shifts in the new political climate.Apple Pay, Other Tech Firms Come Under CFPB Regulatory Oversight This is a public episode. 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Goldman Sachs just put out a report predicting a stock market permafrost. On this week's TLDR, we ask how scared we should be. Plus, long-time listeners know that TLDR co-host Matt Karasz loves his quarter zip sweaters. Menswear guru Derek Guy — @dieworkwear on X — puts Matt's outfit of choice into sociological context. And, we take a look at why an AI superstock lost 50 billion USD in valuation.This episode was hosted by Devin Friedman, business reporter Sarah Rieger and former hedgefunder Matthew Karasz. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldrThe TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.
Is Roblox safe for kids? The fact that Nickolodeon gave Roblox the 2024 Teen Choice Award for Favorite Video Game would incidate that Roblox is in fact, safe. But the reality is much darker. A new report by Hindenburg Research labeled Roblox a "pedophile hellscape for kids." In today's episode, Titania Jordan of Bark and Nicki of Scrolling 2 Death break down the report findings and make recommendations for parents. Resources mentioned in the episode: Meta Exposed documentary by Channel 7 News Social Studies documentary on Hulu Interview with Meta whistleblower David Erb Hindenburg Research investigation into Roblox This episode is sponsored by Bark Technologies. Learn about the Bark App for iPhones and Androids *Use code SCROLLING2DEATH FOR 10% OFF Check out the Bark Phone The Bark Watch is Coming Soon! Join the watlist --- Support this podcast: https://podcasters.spotify.com/pod/show/scrolling2death/support
A scathing report from Hindenburg Research surfaces shocking realities about Roblox's investor relations and massive failures to protect youth on the platform. Also: Circana Report U.S. video game spending for August 2024, Google is now required to make external app stores more viable, and more. You can support Virtual Economy's growth via our Ko-Fi and also purchase Virtual Economy merchandise! This episode is sponsored by Magic Mind, a supplement shot that includes ingredients to lower your stress, reduce fatigue, and boost your immune system. You can get 20% off your one time purchase of Magic Mind or up to 48% off your first subscription at https://www.magicmind.com/VECONOMY20 using the code VECONOMY20. TIME STAMPS [00:01:26] - Circana Report on U.S. Video Game Spending for August 2024 [00:13:02] - Google Suffers Key Loss in Epic lawsuit [00:18:53] - Roblox Accused of Investor Malfeasance and Failing to Protect Kids [00:37:58] - Investment Interlude [00:47:58] - Quick Hits [01:06:01] - Labor Report [01:18:16] - Listener Question SOURCES Google must crack open Android for third-party stores, rules Epic judge | The Verge Roblox: Inflated Key Metrics For Wall Street And A Pedophile Hellscape For Kids | Hindenburg Research Bandai Namco Cuts Jobs, Culls Titles as Game Sector Woes Deepen | Bloomberg (Paywall) More Embracer Group layoffs: Star Trek Online developer Cryptic Studios is cutting jobs for the second time in a year | PC Gamer Don't Nod admits "challenging times" as "reorganisation project" puts up to 69 jobs at risk | GamesIndustry An Update on How We're Evolving League | Mark Merrill (@MarcMerrill) on Twitter Tequila Works lays off "small number" of staff, cancels unannounced game | GamesIndustry Surgent Studios Puts Games Division on Hiatus | Surgent Studios (@surgentstudios) on Twitter NCSOFT spins off 4 subsidiaries for AI, game development | The Korea Times Scoop: Netflix shuts down 'AAA' Team Blue gaming studio, amid gaming shake-up | Game File INVESTMENT INTERLUDE Ex-Disco Elysium devs announce two rival studios | Game Developer Saudi Arabia trims stake in Nintendo | GamesIndustry Keywords Studios to acquire US-based studio Certain Affinity | Keywords IOI Partners and Leslie Benzies' Build A Rocket Boy enter a Worldwide Publishing and Distribution Agreement for AAA New Console and PC Game, MindsEye | IOI
A 343 Industries está passando por transformações e será conhecida agora como Halo Studios, o que inclui aí uma mudança no uso de engines e outras coisas mais no estúdio. Além disso, tivemos também a revelação do Alarmo, o despertador da Nintendo e o relatório do Hindenburg Research, expondo dados inflados e casos de pedofilia dentro de Roblox.Participantes:Guilherme JacobsHeitor De PaolaAssuntos abordados:10:00 - Alarmo, o despertador da Nintendo22:00 - Na falta de um, dois estúdios e projetos de ex-devs de Disco Elysium são anunciados27:00 - 343 Industries se torna Halo Studios40:00 - O relatório do Hindenburg sobre Roblox53:00 - Rápidas e curtasVenha fazer parte do Discord do Overloadr! Hosted on Acast. See acast.com/privacy for more information.
Plus: Short-selling firm Hindenburg Research said the videogame platform Roblox has reported inflated user metrics to investors and has favored growth over child safety. Roblox said its platform is safe. The Nobel Prize in physics was awarded to a pair of scientists for their discoveries and inventions that formed the building blocks of machine learning. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
As we enter the final month before the election, Pollster and Political Strategist Frank Luntz discusses Vice Pres. Kamala Harris' strategy and string of media appearances, including an interview on “60 Minutes” on Monday. Next, Rep. Chuck Edwards, (R) North Carolina, discusses the Hurricane Helene recovery efforts in his district and the difficulty of accessing reliable on-the-ground information about the storm amid a rise in misinformation. For a list of hurricane relief resources to help the Helene victims, visit edwards.house.gov/helpWNC. Plus, Tampa braces for Hurricane Milton and Hindenburg Research shorts Roblox, alleging the company inflates user metrics to investors and has insufficient safeguards for its child gamers. Frank Luntz 12:17Rep. Chuck Edwards 27:23 In this episode: Frank Luntz, @FrankLuntzRep. Chuck Edwards, @RepChuckEdwardsBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
Carl Quintanilla, Jim Cramer and David Faber discussed markets looking to rebound one day after the worst session for the Dow and S&P 500 in a month. Mainland China markets rose to 2-year highs before paring some gains in their first trading session since the "Golden Week" holiday, but Hong Kong's Hang Seng tumbled on the lack of additional stimulus measures out of Beijing. Also in focus: Hurricane Milton update plus Disney and insurers, Nvidia surpasses Microsoft to become the world's second-most valuable company, Roblox responds to Hindenburg Research taking a short position in the stock. Squawk on the Street Disclaimer
Google's regulatory headaches continue. A judge, yesterday, ordered the Alphabet-subsidiary to open up its Google Play app store as part of the Epic Games antitrust suit, and today it could face potential remedies in the DOJ's search monopoly trial. Plus, shares of the video game platform Roblox are falling today after the short-seller Hindenburg Research announced a short position, claiming that Roblox is lying about the number of people on the platform and failing to protect underage users against predators.
In our 400th episode, Blake and David dive into the controversial world of audit quality and Big Four accounting firms. They also discuss a listener's critical email about their audit coverage, explore recent audit failures and deficiencies, and debate the underlying incentives in the audit industry. The discussion turns to workplace culture issues at major firms and potential solutions to improve audit quality. SponsorsOnPay - http://accountingpodcast.promo/onpay Zoho - http://accountingpodcast.promo/zohoMakers Hub - http://accountingpodcast.promo/makershubChapters(01:05) - Listener Email: Criticism of Audit Discussions (01:59) - Reading and Responding to Connor's Email (05:19) - Understanding Audit Deficiencies (07:46) - Audit Quality and Deficiency Rates (13:26) - EY's Audit Deficiency and Industry Comparison (15:28) - The Business Model of Big Four Firms (19:13) - Challenges in the Audit Profession (19:39) - Listener Feedback and Commentary (35:33) - Super Micro Accounting Scandal (43:53) - AI's Impact on Auditing (44:11) - The Tipping Point: Media Coverage and Reactions (44:40) - Audit Issues and Historical Context (46:10) - The Role of Consulting in Audit Firms (48:04) - Materiality and Audit Quality (51:32) - The Future of Auditing and AI (53:16) - EY's Secret Drinking Club Controversy (01:15:35) - Addressing the CPA Crisis (01:19:10) - Listener Mail and Final Thoughts Show NotesPCAOB Posts 2023 Annual Inspection Reports Alongside Staff Observations and New Charts To Boost Transparencyhttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-posts-2023-annual-inspection-reports-alongside-staff-observations-new-charts-to-boost-transparencySuper Micro: Fresh Evidence Of Accounting Manipulation, Sibling Self-Dealing And Sanctions Evasion At This AI High Flyerhttps://hindenburgresearch.com/smci/AI Spotted Super Micro Risks Two Years Before Filing Fiascohttps://www.forbes.com/sites/noahbarsky/2024/08/30/ai-spotted-super-micro-risks-two-years-before-filing-fiasco/EY's PR nightmare: A ‘secret drinking club', misconduct allegations and resignationshttps://www.stuff.co.nz/nz-news/350292387/eys-pr-nightmare-secret-drinking-club-misconduct-allegations-and-resignationsSuper Micro shares fall 19% on filing delay, Hindenburg Research reporthttps://www.cnbc.com/2024/08/28/super-micro-shares-fall-23percent-on-filing-delay-hindenburg-research-report.htmlWho Wants to See How Much Big 4 Revenue by Service Line Has Changed Since SOX?https://www.goingconcern.com/who-wants-to-see-how-much-big-4-revenue-by-service-line-has-changed-since-sox/PCAOB releases two new, divergent inspection reports for Canadian accounting firmshttps://www.canadian-accountant.com/content/practice/pcaob-inspection-reports-deloitte-kreston-gtaRethinking Rankings: The Top 100 Firms — Adjustedhttps://www.vision.cpa/blog/Rethinking%20Rankings:%20Revenue%20Per%20EmployeeNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClient Hub - https://clienthub.app/Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Derek Moore is back to break down Nvidia's beat, but not beat (whisper number), their growth year over year, their profit margins, and percent they beat on the top and bottom line. Then, looking at the implied volatility and expected move post earnings in Nvidia and how to calculate it. Understanding why sometimes a long straddle option position before earnings makes money and other times it doesn't. Later, peeking in at the implied Fed Funds rate cut probabilities for the September meeting. Finally, “everyone” seems to be saying its time to buy longer maturity bonds. Is that view getting crowded and why will or won't long rates move lower because the Fed lowers the Fed Funds rate. Nvidia earning beat but misses the “whisper” number After hours trading reaction to Nvidia earnings Difference between Gross profit and Net profit Nvidia's massive profit margins compared to grocery stores Earning growth year over year Implied volatility pre-earnings to compute the implied expected stock move Why option premiums and volatility rise before earnings announcements How implied volatility gets sucked out of markets post earnings Long Straddles at the money before earnings characteristics and risks The Fed is expected to lower the front part of the interest rate curve What does that mean for the back half of the longer duration bond maturities? The spread between the 10-year treasury bond and the 30-year mortgage rate Hindenburg Research negative piece on Super Micro Computer SMCI Mentioned in this Episode Hindenburg negative research on Super Micro Computer https://hindenburgresearch.com/smci/ Jay Powell & The “Good Ship Transitory” | Price Caps Proposed by Politicians | Huge Employment Revisions | US Dollar Breaking Down? https://open.spotify.com/episode/09SZBfu7OSlh5ygHONqY1s?si=SwTdDLMUQS67KHvCjNkZMA Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's new book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com www.zegafinancial.com
Short-seller Hindenburg Research brought down shares of Super Micro Computer with a scathing report. Susquehanna analyst Mehdi Hosseini discusses why he turned bearish months before. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Dow notches its 24th record high so far this year with Wall Street in the green ahead of highly anticipated earnings from chip titan Nvidia later today. Bio-solutions company Novonesis hikes its FY guidance following a 10 per cent sales increase in the second quarter. GOP presidential candidate Donald Trump faces a fresh indictment from the Special Counsel over attempts to overturn the 2020 election result. And in tech news, Super Micro Computer sees its shares plunge following allegations by Hindenburg Research the server maker had manipulated its accounts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Plus: Super Micro shares decline after Hindenburg Research said it is shorting the stock. Paramount Global shares fall a day after Edgar Bronfman Jr. dropped his bid for the media giant. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
First, Indian Express Executive Editor P. Vaidyanathan Iyer discusses the latest allegations made by the US based investment firm Hindenburg Research against SEBI chief Madhabi Puri Buch and her husband, Dhaval Buch, claiming they had stakes in offshore funds involved in the alleged Adani money siphoning scandal.Next, Indian Express' Sukrita Baruah tells us about Assam Chief Minister Himanta Biswa Sarma once again targeting the minority Muslim community in the state by using the term ‘flood jihad' (11:22).And finally, Indian Express' Amitabh Sinha explains why US astronauts Sunita Williams and Barry Wilmore are currently stuck in space (23:12). Hosted, scripted and produced by Shashank BhargavaEdited and mixed by Suresh Pawar
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 13th of August and here are the headlines.Calcutta HC has ordered CBI probe in the case of the rape and murder of a 31-year-old junior doctor who was found dead in a seminar hall at RG Kar Medical College and Hospital in Kolkata on Friday. Earlier in the day Chief Justice T S Sivagnanam asked why a murder case was not registered at the outset and why an unnatural death case was initiated to the West Bengal government lawyer when he claimed that an unnatural death case was registered, as there is no immediate complaint of murder. The division bench presided by the Chief Justice said the body of the postgraduate trainee was not found on the roadside, and the superintendent or the principal of the hospital could have filed the complaint.The Hindus in Bangladesh continue to protest against recent attacks on them. Chief advisor of the new interim government Muhammad Yunus who is expected to meet two minority groups today urged Bangladeshi Hindus to treat themselves as human beings and children of the soil. “You simply say that you are human, a citizen of Bangladesh, and this is your constitutional right that must be ensured. Just demand this, nothing more,” he was quoted as saying by Dhaka Tribune.A lawyer has approached the Supreme Court with a fresh application seeking compliance with its January 3, 2024, order asking the Securities and Exchange Board of India (Sebi) to “complete the pending investigations” into some of the allegations raised by the US-based short seller Hindenburg Research against Adani Group “preferably within three months”. In his plea, Advocate Vishal Tiwari said the Supreme Court in its order “clearly fixed the timeline of three months for the completion of investigations by Sebi”.While rejecting the bail application of a man booked on various charges, including those under the anti-conversion law, the Allahabad High Court recently observed that the primary objective of the Uttar Pradesh Prohibition of Unlawful Conversion of Religion Act, 2021, is to guarantee religious freedom to all, thereby reflecting the social harmony and spirit of India. The court noted that the Act's objective is to uphold the spirit of secularism in the country.Assassination attempt, nuclear dominance, cutting down on government regulations — these were some of the topics up for discussion in a conversation between Republican presidential candidate Donald Trump and billionaire Elon Musk, marking the former's comeback on the social media platform ‘X'. Trump stuck to his speech from the four-day Republican National Convention highlighting President Biden's shortcomings and calling his withdrawal from the presidential race ‘a coup'. Speaking of nuclear warming and the tug of powers, he spoke of Russia's invasion of Ukraine and claimed that it wouldn't have happened if he had been in charge.This was the Catchup on 3 Things by The Indian Express.
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 12th of August and here are the headlines.After the US-based short-seller Hindenburg Research on Saturday made a series of allegations against SEBI Chairperson Madhabi Puri Buch, Sebi on Sunday came out in Buch's defence and said the regulator has adequate internal mechanisms to address issues related to conflict of interest, which include disclosure framework and provision for recusal. In the first official reaction from the Ministry of Finance on the Hindenburg revelations against Sebi Madhabi Puri Buch, Economic Affairs Secretary Ajay Seth said there is “nothing further to add” by the government on the issue as both the regulator and the concerned person have given the statements.In a powerful display of outrage and solidarity, major government hospitals across Delhi are set to indefinitely halt all elective services from Monday in response to the brutal rape and murder of a young junior doctor at RG Kar Medical College and Hospital in Kolkata. Resident doctors protesting in West Bengal on Sunday night demanded a fast-track judicial inquiry into the case, the resignation of the principal, dean, and other authorities, proper compensation to the victim's family, and an apology from the Kolkata police. The case has sparked nationwide protests.After meeting the family of the doctor who was raped and murdered at the RG Kar Medical College and Hospital, West Bengal Chief Minister Mamata Banerjee today called for the case to be cracked quickly and said she would demand the death penalty for the perpetrators. “We are trying our best to solve the case. I don't know how this type of incident can happen in a hospital. If there are more accused and all are not arrested by Sunday, we will hand over the case to the CBI — even though their success rate is low." Banerjee also said she would demand the death penalty for the perpetrators.The Ministry of Education today announced the National Institutional Ranking Framework 2024. IIT-Madras tops in engineering and overall categories in India and IISc Bengaluru is the top university in the country. In its ninth edition, three new categories have been introduced — open universities, skill universities and state funded government universities. The AICTE chairperson, Anil Sahasrabudhe, also announced that the Ministry aims to begin ‘sustainability rankings' from next year. IITs have grabbed the top positions in the top institutes (overall) and the engineering categories. Meanwhile, IISc Bengaluru, JNU and Jamia are the top varsities in India.Bittihotra Mohanty, who was convicted of raping a German woman in Rajashtan's Alwar in 2006, died late Sunday night while undergoing treatment at AIIMS-Bhubanwswar. Hospital sources said Mohanty, son of former Odisha Director General (Home Guards and Fire Services) Bidya Bhusan Mohanty, was diagnosed with stomach cancer in October last year and was admitted to AIIMS a month back. Known as Bitti, Bittihotra Mohanty was 25 years old and doing a management course in Delhi when he was charged in 2006 with raping a German woman on March 21 that year.This was the Catchup on 3 Things by The Indian Express.
In this episode of Market Minutes, Stacy Pereira talks about the key factors to watch out for today before the domestic market opens.Frontline indices rose nearly 1% each in a range bound session on Friday and the handover from wall street looks positive too. So can Nifty manage to conquer 24,500 levels once again? If you look at Friday's session alone, all sectoral indices ended in the green, nifty PSU bank up nearly 2%.Sensex Roses 817 Points To end at 79,706 & Nifty gained 250 Points To shut shop at 24,367. Markets will also be reacting to the latest from Hindenburg Research. The US Short Seller has leveled allegations on SEBI chairperson Madhavi Puri Buch on counts of conflict of interest with regards to Adani Group. In our Voice of the Day segment we bring you the reaction of market Veteran Sunil Subramaiam who says that the hindenburg report can't do much to change indian's fundamentals & valuations and so if markets see a correction, one can looking for buying opportunities there. Among stocks in focus will be VI, Voltas on the back of their Q1 earnings whereas markets will react to earnings of Siemens, Aurobindo Pharma and Jubilant Foodworks.Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
Our stories for today are — labour exploitation in the luxury fashion industry and SEBI's notice to Hindenburg over its damning 2023 report on corporate malpractices in the Adani Group. Tune in!
A juicy short report goes up against business fundamentals. (00:21) Jim Gillies and Ricky Mulvey break down Hindenburg Research's report on Axos Financial. Plus, Jim discusses why investors should consider adding Academy Sports + Outdoors to their watchlists. Plus, (16:47) Robert Brokamp interviews Eileen Freiburger, Managing Director of the Garrett Planning Network, about what you should expect from meeting with a financial advisor. Learn more about the Range Rover Sport at www.landroverusa.com Companies mentioned: AX, NKLA, CLOV, DKS, ASO Host: Ricky Mulvey Guests: Jim Gillies, Robert Brokamp, Eileen Freiburger Engineers: Dan Boyd, Austin Morgan Learn more about your ad choices. Visit megaphone.fm/adchoices
Join Simon and Braden this episode of the Canadian Investor Podcast. We start off the episode on a fun note looking at recent returns from different stocks and assets. The rest of the episode is dedicated to the recent short report on Equinix by Hindenburg Research. Equinix is the largest data center REIT in the world and has benefited from the AI excitement that has been driving the stock market for the last 18 months. Simon and Braden share their strategies on how they approach such short reports, emphasizing the importance of not dismissing them outright but rather considering their merits critically. Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon's twitter: @Fiat_Iceberg Braden's twitter: @BradoCapital Dan's Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor Spotify - The Canadian Real Estate Investor Sign up for Finchat.io for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.
This week, Newslaundry's Abhinandan Sekhri, Raman Kirpal and Anand Vardan are joined by Dhanya Rajendran, co-founder of The News Minute.On electoral bonds, and the Trinamool Congress being its second-largest recipient, Anand says, “One factor [which determines this] is which party is seen as remaining in power for more time. Power magnets in a region.”The conversation moves on to the seat-sharing arrangements for the Lok Sabha polls. Talking about Tamil Nadu, Dhanya says the BJP has “almost sidelined the AIADMK” and has become “confident of forming an alliance in Tamil Nadu without the party, which was not possible five or 10 years ago”.On the Adani group funding the Ramnath Goenka Awards, Abhinandan says, “It's complicated. For new journalists, it is a motivating factor, it builds morale.” Raman says it's okay to receive awards funded by conglomerates as long as they do not interfere in the outlet's coverage. He adds that The Indian Express's coverage of the Hindenburg Research report accusing Adani group of stock manipulation was “relentless”.This and a lot more. Tune in!We have a page for subscribers to send letters to our shows. If you want to write to Hafta, click here. Check out the Newslaundry store and flaunt your love for independent media. Download the Newslaundry app.General elections are around the corner, and Newslaundry and The News Minute have ambitious plans. Click here to support us.Timecodes00:05:20 - Headlines00:17:02 - Electoral bonds00:38:28 - Tamil Nadu, Bihar seat-sharing00:53:15 - Adani sponsoring Ramnath Goenka Awards01:13:55 - Letters01:35:11 - RecommendationsHafta letters, recommendations, songs and referencesCheck out our previous Haftai recommendations.Produced and recorded by Aryan Mahtta, edited by Umrav Singh. Hosted on Acast. See acast.com/privacy for more information.