Renowned short seller Jim Chanos vehemently denied the accusations against him, describing them as “false, baseless, and defamatory.” In an interview with CNBC’s Scott Wapner, Chanos addressed the lawsuit filed by Conlon Holdings, a company run by Sean Conlon, alleging that Chanos embezzled funds for personal use. The lawsuit claimed that Chanos treated his firm
Art
The research conducted by the Schwartz Center for Economic Policy Analysis at the New School for Social Research reveals a concerning reality for millions of older Americans. According to the study, over 2.2 million individuals aged 55 and over are burdened with outstanding student loan debts. This debt not only impacts their current financial situation
Nissan has recently issued a warning to owners of older vehicles, advising them to refrain from driving cars that are equipped with recalled Takata airbags. The National Highway Traffic Safety Administration (NHTSA) revealed that approximately 83,920 vehicles are affected by this alert. These vehicles include models such as the 2002-2006 Nissan Sentra, 2002-2004 Nissan Pathfinder,
The Delaware College of Art and Design recently announced its decision to close due to low enrollment numbers for the upcoming academic year. The institution cited issues with the new Free Application for Federal Student Aid (FAFSA) as one of the contributing factors to the decline in student enrollment. According to the college’s president, Jean
Stellantis, formerly known as Fiat Chrysler Automobiles, has announced its plans to introduce a $25,000 all-electric Jeep vehicle in the U.S. CEO Carlos Tavares mentioned that the new electric vehicle will be priced similarly to the Citroen e-C3 SUV in Europe, which starts at around $25,200. This move is aimed at appealing to mainstream consumers
Abercrombie & Fitch recently announced its strongest first quarter results in history, surpassing expectations and delighting investors. The retail giant experienced a 22% increase in sales compared to the previous year, with profits soaring to nearly seven times higher than anticipated. This exceptional performance demonstrates the company’s ability to navigate seasonal transitions and deliver relevant
Dick’s Sporting Goods has experienced a surge in consumer spending on new sneakers and athletic gear, resulting in the retailer raising its full-year earnings guidance. In the first fiscal quarter, Dick’s saw a 5.3% increase in comparable sales, surpassing analysts’ expectations of 2.4%. This growth was attributed to both increased transactions and higher average ticket
Despite underperformance in the public market, clean energy stocks are experiencing a resurgence in private markets. Clean Energy Ventures‘ newest fund, raising $305 million, exemplifies the growing appetite for decarbonization-focused companies. This oversubscribed fund, with a target of $200 million, showcases the interest from limited partners like The Grantham Foundation, Builders Vision, and Carbon Equity.
Cathie Wood’s ARK Invest has recently made a significant move by investing in Elon Musk’s startup xAI, showcasing a strong commitment to the artificial intelligence sector. The investment was made through ARK Venture Fund, with the St. Petersburg-based asset manager announcing this development to its clients. In addition to xAI, ARK Venture Fund has also
The International Monetary Fund (IMF) has increased its growth forecast for China in 2021 to 5%, up from the previous prediction of 4.6%. This adjustment is a result of strong first-quarter economic data and recent policy changes implemented by the Chinese government. Additionally, the IMF now anticipates China’s economy to grow by 4.5% in 2025,