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.Story Published at: January 13, 2023 at 06:27AM
The Davos elite likes to make bold predictions. But they often get them wrong
The U.S. economy and stocks face a difficult year — and could even lag Europe
After a tough 2022, some strategists argue this year could be Europe’s time to shine.Story Published at: January 12, 2023 at 01:18PM
JPMorgan Chase is set to report fourth-quarter earnings — here’s what the Street expects
JPMorgan, the biggest U.S. bank by assets, will be closely watched for clues on how the industry is navigating an economy at a crossroads.Story Published at: January 13, 2023 at 05:01AM
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.Story Published at: January 13, 2023 at 03:57AM
Apple CEO Tim Cook requests and receives a 40% pay cut after shareholder vote
Apple CEO Tim Cook will receive a pay cut in 2023, targeting $49 million in total compensation, the company said in an SEC filing.Story Published at: January 12, 2023 at 11:42PM
Exxon predicted global warming with remarkable accuracy years ago, study shows
A study from two Harvard academics and one from the University of Potsdam in Germany show that incredible accuracy with which Exxon predicted climate change. Story Published at: January 12, 2023 at 11:09PM
Nike CEO touts strength in Gen Z China shopper as Covid disruptions dent regional sales
Nike’s CEO John Donahoe said the company is “really focused” on Gen Z consumers in China and aims to see inventory levels normalized by the end of the fiscal year. Story Published at: January 12, 2023 at 08:23PM
Investing in Space: Digital orbital danger
Cybersecurity company SpiderOak raised $16.4 million in an oversubscribed round in a space data encryption push.Story Published at: January 12, 2023 at 04:18PM
2022 was one of the top 10 hottest years on record and the warmest La Nina year on record, according to government scientists
2022 was one of the top 10 hottest years on record and the warmest year on record with a La Nina weather pattern, which generally has a cooling effect.Story Published at: January 12, 2023 at 05:19PM
Iconic Kobe Bryant jersey up for auction, expected to fetch up to $7 million
A jersey that Kobe Bryant wore for 25 games during his MVP season is being sold at auction by Sotheby’s. Story Published at: January 12, 2023 at 02:00PM