Tesla cuts prices in the U.S. and Europe to stoke sales after lackluster year-end deliveries
Electric vehicle maker Tesla is cutting prices in the United States and throughout Europe again, according to listings on the company’s website.
Boeing 737 MAX makes first passenger flight in China since March 2019
China is the last major market to resume flying the MAX amid ongoing trade tensions with the United States.
The Davos elite like to make bold predictions. But they don’t always get them right
The World Economic Forum in Davos, Switzerland, kicks off next week. Here’s a recap of some of the calls made at the high-profile meeting in recent years.
China to allow Didi apps back online, in latest sign of regulatory thaw, sources say
Didi has been awaiting authorities’ approval to resume new user registrations and downloads of its 25 banned apps as a key step to resume normal business.
JPMorgan tops estimates for fourth-quarter revenue, but says mild recession is now ‘central case’
JPMorgan, the biggest U.S. bank by assets, now expects a recession as its most likely scenario.
A stablecoin collapse could spill into the U.S. bond market and economy, professor warns
While there are no signs of major stablecoins collapsing, an economics professor at Cornell University says it’s something regulators are worried about.
Sweden finds Europe’s largest deposit of rare earth metals, which could become ‘more important than oil and gas’
Swedish mining company LKAB discovered one million metric tons of rare earth oxides, which are used in electric vehicles and wind turbines.
China’s exports slump less than expected in December
Strong exports bolstered China’s economy in the last two years. But economists anticipate a slowdown in demand from the U.S. and Europe.
Want a recession-proof portfolio? Fund manager names two stocks that could fit the bill
An outperforming fund manager names two potentially recession-proof stocks, with 13% and 31% upside potential respectively.
Asia-Pacific shares trade mostly higher following cooler U.S. inflation print
Asia-Pacific shares traded mostly higher, after the U.S. consumer price index showed inflation cooled for December.
