Analyst Edward Kelly downgraded shares to equal weight from overweight as consumers will have to make tougher choices in 2023.
Europe starts 2023 with historic winter heatwave; snow shortage forces ski resorts to close
Meteorologists and climatologists expressed alarm over the unseasonably warm winter weather.
China risks loom over U.S. tech giants Tesla and Apple as share prices plunge
Apple and Tesla are facing headwinds in China with concerns over consumer strength, which is contributing to investor jitters around the U.S. tech giants.
Salesforce to cut staff by 10% in latest tech layoffs
Salesforce said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan.
Wolfe Research downgrades Goldman Sachs, sees greater upside in other banks such as Wells Fargo
There’s “less compelling” upside for Goldman Sachs in 2023, according to Wolfe Research.
Stocks rise after latest batch of economic data, Fed minutes ahead
Stocks recovered from losses to trade higher ahead of Fed minutes on Wednesday.
UBS downgrades Microsoft, cites weakening outlook for Azure and Office
The firm said the latest round of field checks into the business lowered its confidence in the stock.
European markets advance as investors await Fed minutes
European markets climbed as investors look ahead to the release of more U.S. economic data and minutes from the Fed’s policy meeting.
Ukraine war live updates: Russia blames use of cellphones for deadly Makiivka attack; Putin sends new hypersonic cruise missiles to Atlantic
The death toll has risen following a Ukrainian strike on one of Russia’s military units in the occupied city of Makiivka.
The UK recession will be almost as deep as that of Russia, economists predict
The U.K.’s economic contraction in 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity.