Indian business tycoon Gautam Adani has lost tens of billions of dollars and his title as Asia’s richest man after short-selling firm Hindenburg accused him of fraud.

Gautam Adani called off his flagship company’s $2.5 billion share sale after his conglomerate shed tens of billions of dollars in market value following claims of fraud by short-seller, Hindenburg Research.

With the Federal Reserve again raising interest rates, homebuyers face prospects of pricey mortgages well into this year after a rough 2022 for the housing market.

The Federal Reserve announced Wednesday that it had raised its key federal funds rate by 0.25% as it seeks to keep putting downward pressure on economic growth in its bid to slow inflation.

The maker of the popular weight loss drug Wegovy said Wednesday that it is ramping up production of the drug, which has been in short supply in pharmacies across the United States.

Bed Bath & Beyond is closing an additional 87 stores, as the troubled home goods retailer seeks to consolidate its assets ahead of a possible bankruptcy filing.

Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based blockchain analytics firm said in a report on Wednesday.

Conagra Brands is recalling some 2.6 million pounds of canned meat and poultry that were potentially spoiled due to a packaging defect.

The nation’s largest supermarket chains and retailers are reportedly pressuring their suppliers to lower prices as customers move to conventional chains. NBC’s Sam Brock reports for TODAY.

The Biden administration on Wednesday proposed new rules that would limit the fees credit card companies charge for missed payments.