Apple supplier Luxshare rises after reportedly winning contract to produce luxury iPhones
Luxshare stocks rose after a report said the supplier is set to sign a contract to produce premium iPhones.
EU recommends that travelers from China be required to take a Covid test before entering Europe
European nations agreed to recommend imposing new restrictions on travelers from China amid fears of an increase in Covid cases.
Bank of America sees 50% upside in this global fertilizer stock due to a worldwide shortage
The Wall Street bank says the global fertilizer maker commands a 55% profit margin as it is insulated from the rise in natural gas prices.
Hong Kong stocks are off to their best start since 2018 on China recovery hopes
Property and technology stocks continued to lift the Hang Seng index, which rose more than 3% in Wednesday’s session.
Amazon says it will cut over 18,000 jobs, more than initially planned
Amazon has decided to get rid of additional roles after committing to a round of cuts in its corporate workforce in November.
Samsung expected to post lowest quarterly profit in years due to memory chip ‘market carnage’
Samsung’s profit could nosedive in the fourth quarter as memory prices have plunged sharply amid a lack of demand.
Tech’s had a brutal year. But four stocks have a bright future, investor says
Tech stocks were heavily sold off in 2022, but investment pro Jason Ware remains bullish on the sector in the longer term, naming four stocks he likes.
Citi is bearish on lithium — at least for the near term. But it’s giving some stocks big upside
The bank isn’t turning fully negative on lithium, saying it’s bullish on its long-term outlook. It names three stocks to watch.
Salesforce is cutting 10% of its personnel, more than 7,000 employees
Salesforce is cutting 10% of its personnel and reducing some office space as part of a restructuring plan, the company announced Wednesday.
Alibaba, other China ADRs surge as Ant Group capital plan approval fuels hope for relaxing scrutiny
Ant Group, which previously had its own IPO plans scuttled by regulatory concerns, was allowed to double its registered capital as part of the new plan.
