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The Latest Breaking News from Hindenburg

Down 66%, Is This High-Yield Dividend Stock a Buy for 2024?

Helmed by a maverick activist investor, this high-yield, dividend-paying stock is down 67% on a YTD basis - but is it a good value buy right now? Here's what investors need to know.

Barchart

Congress cites news on Adani auditor under NFRA lens, says something 'truly rotten' in conglomerate

The Congress cited a media report that one of the Adani Group’s long-time auditors is being scrutinised by India’s accounting regulator to allege that “something is truly rotten” in the conglomerate.

The Hindu

Rahul Gandhi targets Adani group again on coal pricing issue

Citing UK-based newspaper, Financial Times which claimed that the Adani Group was purchasing coal above its market value from Asian countries, Congress leader Rahul Gandhi on Wednesday alleged that it is due to this reason for prices of electricity in country are getting inflated.

Dynamite News

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Congress targets Govt over Adani issue, says: It is 'One Man, One Government, One Business Group'

The Congress has been questioning the financial dealings of billionaire Gautam Adani's group after US research firm Hindenburg alleged "irregularities". Read further on Dynamite News: Read further on Dynamite News:

Dynamite News

PM Modi only believes in ‘one man, one government, one business group’: Congress

The Congress attacked the government over the Adani issue, saying the G20 theme is ‘One Earth, One Family, One Future’ but Prime Minister Narendra Modi seems to actually believe in “One man, one government, one business group”.

The Hindu

What has India’s Adani Group now been accused of?

Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price.

Al Jazeera

Modi-linked Adani family secretly invested in own shares, documents suggest

Offshore records suggest associates of wealthy Indian family spent years acquiring stock during rise of founder to be worth $120bn

The Guardian - UK

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Billionaire Investor Carl Icahn’s Wealth In Free-Fall As His Company’s Stock Nosedives

On Friday, Carl Icahn Enterprises (NASDAQ:IEP) experienced a historic 24% drop

Zenger

Hindenburg report combination of targeted misinformation, discredited allegations: Adani

Billionaire Gautam Adani has reiterated that the Hindenburg report was a combination of misinformation and discredited allegations, and an attempt at damaging the company's reputation and generating profits through a short-term drive-down of our stock prices

The Hindu

Corporate raider Carl Icahn recovers $1 billion in his fortune as loan deal with big banks alleviates shortseller assault

The billionaire investor Carl Icahn has been under assault from the short-seller Hindenburg Research, forcing him to renegotiate a key loan deal.

Fortune

Icahn Makes Changes to Address Short-Seller's Claims; Stock Soars

Carl Icahn being on the receiving end of a short-seller attack seems a bit ironic.

The Street

Adani-Hindenburg case: Lack of requirement to disclose ‘last natural person above every person’ owning economic interest in FPIs is the challenge, SEBI to SC

SEBI clarified in the Supreme Court that “challenges” presented by it before the six-member Justice A.M. Sapre expert committee in the Hindenburg-Adani case primarily arose from the existence of thresholds for the determination of beneficial owners of the FPIs

The Hindu

Musk, Zuckerberg lead a $852 billion surge among world’s richest people

The world’s 500 richest people added $852 billion to their fortunes in the first half of 2023.

Tribune News Service

Nikola Faces Weak Demand And Founder Dispute Amid Test Runs

EV manufacturer Nikola Corp conducts test runs of its hydrogen-powered fuel cell truck and trailer amid investor urgency and delisting threat.

Zenger

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StockNews.com

Are Investors Buying Block (SQ) in June?

Fintech company Block, Inc. (SQ) has shrugged off an unfavorable Hindenburg report with a revenue beat in the last quarter. Should investors buy the stock now? Let’s look at its financial metrics to know more….

StockNews.com

How Main Street Investors Can Detect Short Seller Misinformation Campaigns

How to avoid the pitfalls and find a better way to short stocks.

The Street

Corporate Raider Carl Icahn's Empire May Be Falling Apart

The billionaire who built his entire career as a nightmare for corporate CEOs is a victim of what made him successful.

The Street

Billionaire Ackman Sends a Warning to Legendary Financier Icahn

The two activist investors clashed over the Herbalife nutrition group a few years ago. Icahn is currently at the center of a hostile short-seller campaign.

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The Street

Billionaire Bill Ackman Makes a Dire Prediction About Nemesis Carl Icahn

The two activist investors clashed over the Herbalife nutrition group a few years ago. Icahn is currently at the center of a hostile short-seller campaign.

Fortune

Bill Ackman says Carl Icahn's investment firm is giving him Archegos vibes

Personal loans secured against the value of Icahn's ownership in his own investment firm could prove highly unstable, the Pershing Square founder warns.

The Street

Carl Icahn Admits He Made a Billion-Dollar Mistake

Things continue to go downhill for the billionaire.

Fortune

The 'karmic quality' of Hindenburg's war on Carl Icahn just took on a new cast. It's not just shorting his stock anymore but his bonds, too.

Weeks ago, Icahn's arch rival Bill Ackman commented on the irony of an activist being pursued by an active campaign.

Dynamite News

Adani-Hindenburg Probe: SC says may grant SEBI some extension; next hearing on May 15

The next hearing is fixed for May 15 for consideration of SEBI's plea seeking an extension of time. Read further on Dynamite News:

The Street

Hindenburg Throws Another Haymaker as Carl Icahn's Empire Reels

Hindenburg is countering Icahn Enterprises' latest attempt to reassure investors.

Barchart

Carl Icahn Gets a Taste of His Own Medicine with the Icahn Enterprises (IEP) Decline

Billionaire Carl Icahn’s conglomerate Icahn Enterprises got hit again with sharp losses, meaning that an activist investor got a taste of his own medicine.

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