High levels of inflation, rising interest rates, and concerns about weakening economic conditions this past year combined to create a challenging market backdrop for growth stocks. Spurred by 31.5% year-over-year growth for its e-commerce platform and a more-than-76% jump in transaction volumes for its payment-processing business, MercadoLibre's revenue rose 60.6% in the third quarter to reach $2.7 billion. Read More...
Bloomberg
Adani Crisis Deepens as Stock Rout Hits $107 Billion, Bonds Sink
(Bloomberg) — Gautam Adani’s businesses have lost $107 billion in a week, one of the biggest wipeouts in India’s history, after an explosive report by short-seller Hindenburg Research forced him to pull a stock sale at the 11th hour and led some lenders to reject his securities as collateral for client trades.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, S
