{ }
Quant Mutual Fund, a major investor in Adani Enterprises, faces significant losses of up to 27% on its $500 million investment following a sharp decline in the company's shares. This downturn was triggered by the US indictment of Adani's chairman, raising concerns over the firm's financial stability.
Shares of GQG Partners plummeted 25% following the indictment of Adani Group Chair Gautam Adani for fraud, marking the firm's worst trading day since its 2021 listing. GQG, which holds a 3.94% stake in Adani Enterprises, is reviewing the situation while noting that over 90% of its assets are in unrelated investments. Adani Group shares also fell sharply after a previous report accused the company of extensive fraud, leading to significant losses in early 2023.
Bitcoin surged past $95,000 for the first time, driven by optimism over a more favorable U.S. regulatory environment under President-elect Donald Trump. Since the election, over $4 billion has flowed into U.S. listed Bitcoin exchange-traded funds, with prices more than doubling this year and rising 40% in just two weeks. Analysts suggest the cryptocurrency is being drawn toward the $100,000 mark, despite being in overbought territory.
Bernstein has identified a top stock to capitalize on the SEC's potential shift towards a pro-crypto stance. This development could significantly impact the market, making it a key opportunity for investors looking to engage with the evolving regulatory landscape.
Movano Health reported its Q3 2024 results, highlighting a successful back-in-stock launch of the Evie Ring and progress on the EvieMED 510(k) application. The company shipped 339 Evie Rings and reduced its operating loss to $7.4 million, while maintaining $11.3 million in cash as of September 30, 2024. A 1-for-15 reverse stock split was executed to regain Nasdaq compliance.
60 Degrees Pharmaceuticals reported a 140% increase in ARAKODA® pharmacy deliveries, generating approximately $135,000 in sales for Q3 2024. Despite achieving a gross profit of $24,000, the company faced a net loss of $2.27 million, largely due to changes in liability valuations. Key developments included granting the University of Kentucky rights for FDA review and securing a contract with the U.S. Army for commercial validation of ARAKODA® packaging.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.