Tesla suppliers’ shares jump as electric automaker cuts prices for some models in China
Tesla slashed prices of some models in China for a second time in 3 months, and shares of Chinese suppliers closed higher on hopes of improved demand.
Shell to take $2 billion fourth-quarter tax hit after new EU, UK levies
Oil and gas major Shell said Friday it expects to take a hit of $2 billion for the fourth quarter from “recently announced additional taxes” in the EU and U.K.
Mexico nabs son of drug lord ‘El Chapo’ before Biden visit
Ovidio was briefly detained in the northern state of Sinaloa in October 2019 by security forces, but then quickly released to avoid violent retribution from his drug gang.
Tesla slashes Model 3, Model Y prices in China for second time in 3 months
The move comes after industry association data showed December deliveries of Tesla’s China-made cars fell to 55,796.
Energy will be the big winner of 2023, investor says — and names the stocks to cash in
Veteran investor Louis Navellier explains why he’s “very bullish” on energy stocks.
Andretti joins forces with General Motors for Cadillac Formula 1 entry bid
The new team would require F1 and FIA agreement and would not be possible until 2026, Sky Sports reports.
Traders who bet against stocks made a killing in 2022, as short sellers netted $300 billion
Short holdings had a return of 30.8% in 2022 as the market slid.
Citi’s Chronert says a recession is near; shares his ‘top conviction calls’ to tough it out
U.S. Equity Strategist Scott Chronert expects a recession in the first half of this year and says “historic recession playbooks may disappoint.”
Goldman Sachs reveals 7 under-the-radar global stocks to buy this year
Goldman Sachs expects the stocks to benefit from a “growing urgency” to meet sustainability goals.
Samsung estimates quarterly profit sank to 8-year low on demand slump
The report comes as a global economic downturn saps demand for electronic devices and clouds the memory-chip industry outlook.
