Hindenburg Research founder says he's closing short-seller research shop

Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FASTSingapore's Keppel Ltd announced a 25% increase in first-quarter net profit, excluding legacy offshore and marine assets, attributed to strong performance in its infrastructure and asset management sectors. CEO Loh Chin Hua noted that the impact of US tariffs on Keppel is expected to be...

A 16-year-old appeared in court charged with aggravated robbery and murder after the death of Kyle Whorrall. Whorrall, a 33-year-old PhD student, was attacked at an Auckland bus stop. A 32-year-old North Shore woman has also been charged with being an accessory after the fact to murder. The teenager accused of murdering 33-year-old American entomology student Kyle Whorrall has been remanded in custody. He appeared in the Auckland District Court today charged with aggravated robbery...

Summary After being wrongly accused of sexual harassment during his interview for the Chief Justice position, Gauteng Judge President Dunstan Mlambo is now among four candidates selected by President Cyril Ramaphosa for the Deputy Chief Justice vacancy. This development follows the controversy surrounding Mlambo's prior interview, which raised significant concerns regarding the integrity of the selection process. His nomination reflects a critical opportunity for Mlambo to advance within the judiciary, despite the challenges he faced...

Tesla investors reacted positively after CEO Elon Musk announced he would redirect his focus back to the company, following a significant profit drop and revenue decline. Musk stated he would spend more time on Tesla starting in May, which contributed to an 8% surge in shares, despite the company reporting a 71% profit decline and a 9% revenue drop in the first quarter. While analysts noted the urgency of Musk's commitment, they expressed concerns over...

SK Hynix reported a significant 158% increase in quarterly operating profit to Won7.44 trillion ($5.2 billion) due to strong sales of advanced memory chips, overtaking Samsung as the largest DRAM chipmaker. The company warned of potential demand volatility amid macroeconomic uncertainties and U.S. tariffs but expects high bandwidth memory (HBM) demand to remain robust, maintaining a 70% market share. However, its shares fell amid rising short selling and concerns over tariffs affecting the semiconductor industry,...

Could Luigi Mangione face the death penalty?Panelists Jonna Spilbor and Jay Town discuss Luigi Mangione's indictment for the murder of United Healthcare CEO Brian Thompson and the potential imposition of the death penalty during ‘America Reports.’ Separately, Moises Sandoval Mendoza, convicted of murdering Rachelle O’Neil Tolleson in 2004, was executed by lethal injection in Texas after appeals for clemency failed. Mendoza's history included prior assaults, and despite claims of personal transformation while incarcerated, he was...