Bank of America says 2 global chip stocks could rise by 75% on EV car sales
The Wall Street bank said a shortage of semiconductors during a boom in electric vehicle sales could help raise profits at a handful of chip makers.
World Cup draws 765,000 visitors to Qatar in first 2 weeks, falling short of 1.2 million expected
Organizers identified the peak for international visitors to be Nov. 24-28 during the busy group stage, when 32 teams were playing four matches every day.
Wealthy Chinese keep on spending while others cut back, survey finds
More than a quarter of people with an annual household income above $49,286, said they increased spending this year, a McKinsey survey found.
Hong Kong stocks rise nearly 3% after reports say city is considering Covid rule easing
Hong Kong’s Hang Seng index rose, bucking the trend in the region after local media reported that the city is considering dropping its outdoor mask rule
S&P 500 closes higher to end longest losing streak since October
Stocks rose Thursday as the S&P 500 broke its longest losing streak since October and Wall Street evaluated the odds of a recession.
Former Theranos COO Sunny Balwani sentenced to nearly 13 years in prison
Sunny Balwani, the onetime COO and president of Theranos, was sentenced Wednesday in federal court on fraud charges, after Elizabeth Holmes was sentenced weeks ago.
Sam Bankman-Fried lobbied for Taylor Swift deal as FTX bled cash and execs urged restraint
While FTX’s financials were suffering from the crypto selloff earlier this year, Sam Bankman-Fried was trying to land a sponsorship deal with Taylor Swift.
Google, Oracle, Amazon and Microsoft awarded Pentagon cloud deal of up to $9 billion combined
The award is particularly notable for Oracle, which isn’t among the top tier of companies operating cloud infrastructure services large customers.
Morgan Stanley cuts iPhone shipment estimate by 3 million more units
Morgan Stanley analysts reduced their Apple iPhone shipment forecast by an additional 3 million units Wednesday to account for slower production in China.
Trump search team finds at least 2 classified documents outside of Mar-a-Lago
Donald Trump is under criminal investigation by the Department of Justice for his removal of government documents from the White House when he left office.
