Chairman and founder of the Adani Group, Gautam Adani, at the News18 Rising India Summit on Feb. 25, 2019, in New Delhi, India. Since becoming a billionaire in 2008, Adani is now one of the richest people in the world, with a $113 billion fortune,…

Jay Newman was a senior portfolio manager at Elliott Management and is author of the finance thriller Undermoney. Benjamin Heller is a portfolio manager at HBK Capital Management, specialising in emerging markets.The world of distressed sovereign debt seems to attract bad ideas like no other,…

Good morning. Sherwin-Williams (a paint company) joined the bad guidance gang yesterday: it said 2023 sales will be flat to down. The stock fell nearly 9 per cent. Not every cyclical stock is providing negative surprises, of course. Seagate (computer memory) surprised to the upside,…

LVMH posted record results Thursday, and expressed confidence that China’s luxury market would bounce back this year as the country continues to reopen. The world’s biggest luxury group logged revenue of €79.2 billion ($86.2 billion) and profit of €21.1 billion ($22.9 billion) for 2022, both…

The writer is co-head of investment and group chief investment officer at SchrodersThe market misery of 2022 was almost universal, inflicted by a seismic regime shift towards both higher inflation and higher interest rates.Investors faced by tumbling equities couldn’t find the sanctuary in bonds they…

Over the holidays, while most media executives were perhaps looking to get a reprieve from work, Jonah Peretti was online, fully immersed in experimenting with artificial intelligence. The BuzzFeed co-founder and chief executive, who has always raced to test out the latest technologies, was familiar…