Upside surprises — Credit Suisse predicts these stocks will have a big 2023
Amid a potentially volatile year for stocks, certain names will stand out and surprise to the upside, according to Credit Suisse. Here are some of their picks.
Elon Musk says a Chinese automaker will likely be second to Tesla: ‘They work the smartest’
Tesla has a number of challengers in China, including a slew of start-ups such as Nio, Xpeng and Li Auto. Tesla’s biggest rival in China right now is BYD.
‘We will get F-16s’: Ukraine aims for NATO’s fighter jets after winning battle for Western tanks
Kyiv appears confident that, as with Western tanks, it will eventually be given F-16s too.
Dow posts dour quarterly results, plans to slash 2,000 jobs
Materials science company Dow is cutting about 2,000 jobs, or roughly 5% of its global workforce, in an effort to reach $1 billion in cost savings this year.
India’s Adani Group says evaluating action against Hindenburg Research
Adani Group is considering “remedial and punitive action,” after suffering financial losses in wake of a Hindenburg Research report.
Smartphone shipments plunge to a low not seen since 2013 — their largest ever decline
Apple maintained its position as the top smartphone maker in the world, shipping 72.3 million iPhones in the fourth quarter, down 14.9% year on year, IDC said.
SAP to cut 3,000 roles, explore sale of Qualtrics stake
SAP became the latest tech giant to announce significant layoffs, with plans to cut up to 3,000 jobs, or about 2.5% of its workforce.
Johnnie Walker-maker Diageo beats first-half sales estimates
“The most expensive products grew double digit in every region of the world,” Chief Executive Ivan Menezes told CNBC.
The European Central Bank says it’ll ‘stay the course’ on rate hikes. But it’s not clear for how long
ECB’s Lagarde has said “we will stay the course to ensure the timely return of inflation” but market watchers are asking for how long.
Toyota CEO and President Akio Toyoda to step down
Toyoda, 66, is the grandson of the carmaker’s founder and has served as chief executive since June 2009.
