Hunter Biden calls for criminal probe in aggressive new legal strategy

CNN — Attorneys for Hunter Biden on Wednesday asked state and federal agencies to investigate a computer repair shop owner, Rudy Giuliani and number of right-wing political figures involved in disseminating contents of his laptop, alleging that they committed computer and other criminal violations in their effort to “weaponize” the laptop contents against his father. … Read more

Adani scraps $2.5 billion share sale as value of his empire collapses

London CNN — Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors after a week-long meltdown in the value of his logistics and energy business empire that started when an American short seller accused the conglomerate of fraud. The share sale — the largest offering by a company already … Read more

Bed Bath and Beyond is closing 87 more stores. See the list

New York CNN — Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels toward bankruptcy. The closing stores are in addition to the 150 closures Bed Bath and Beyond announced last August. Included in the new list are 5 buybuy Baby locations and all 49 remaining Harmon Face Value stores, … Read more

Tesla confirms DOJ has requested documents on Autopilot, ‘Full Self-Driving’

CNN — Tesla confirmed in a public filing released today that the US Department of Justice has requested documents concerning the company’s controversial driver-assist software systems which Tesla calls Autopilot and “Full Self-Driving.” Tesla said it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD features.” Autopilot is a suite … Read more

Mustang Mach-E: Ford drops the price of its Tesla competitor

CNN — Ford is boosting production of its popular Mustang Mach-E electric SUV and dropping its sticker price weeks later Tesla dropped prices of its vehicles. The move represents a substantial roll-back of price hikes Ford announced last summer on the 2023 models – but buyers may still be paying somewhat more than before the … Read more

Why a tiny American firm is taking aim at an Indian conglomerate

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN — Asia’s richest man is in the crosshairs of a research firm whose very name evokes panic. Hindenburg Research — named after the 1937 airship disaster — is … Read more

Premarket stocks: Here’s why you should always wait for the earnings call

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Investors are pretty bad at living in the moment. We’re currently in the … Read more

Adani Group slams Hindenburg ‘attack on India’ as stock rout hits $70 billion

New Delhi CNN — The Adani Group has accused a US investment firm of launching “a calculated attack” on India by publishing a report alleging widespread fraud at the ports-to-power conglomerate. Hindenburg Research released its report on billionaire Gautam Adani’s business last week, accusing the group of “brazen stock manipulation and accounting fraud scheme over … Read more

ASML says ‘rules are being finalized’ on chip export controls to China

Hong Kong CNN — ASML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls, amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China. “It is our understanding that steps have been made towards an agreement between governments … Read more

Benjamin Obadiah Foster, suspected of kidnapping a woman in Oregon, may be using dating apps to evade police

CNN — Authorities in southwestern Oregon are warning that a man suspected of kidnapping a woman and beating her unconscious may now be using dating apps to evade capture or find potential new victims, according to police. The suspect, 36-year-old Benjamin Obadiah Foster, has so far evaded capture but he appears active on online dating … Read more