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Tesla plans to spend more than $770 million on Texas factory expansion
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The Elon Musk-led automaker officially opened its Texas factory in April 2022, and builds some of its Model Y crossover vehicles there.

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Winter of 'disconnect': Morgan Stanley's Mike Wilson braces for more than 20% stock drop
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Morgan Stanley chief investment officer Mike Wilson warns investors are dangerously unprepared for a weak earnings season.

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Chinese travelers say new restrictions are 'unfair' — but they're angry at some countries more than others
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Some Chinese travelers say they’re not going to South Korea and Japan — not because they’re boycotting them, but because they’re being blocked from entering.

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Duck Creek Technologies surges more than 30% after reaching takeover deal with Vista
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Insurance tech company Duck Creek Technologies has reached a takeover deal with Vista Equity Partners, sending its stock soaring.

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Omicron XBB.1.5 is rising in U.S. though revised CDC data shows slower increase than previously reported
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XBB.1.5 made up 27.6% of sequenced Covid cases nationally for the week ending Jan. 7 compared to 18.3% for the week end Dec. 31.

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CytomX shares surge more than 50% on Moderna partnership
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Amazon says it will cut over 18,000 jobs, more than initially planned
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Amazon has decided to get rid of additional roles after committing to a round of cuts in its corporate workforce in November.

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Amazon to Slash More Than 18,000 Jobs in Escalation of Cuts
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Salesforce is cutting 10% of its personnel, more than 7,000 employees
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Salesforce is cutting 10% of its personnel and reducing some office space as part of a restructuring plan, the company announced Wednesday.

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Nio stock charges up after deliveries beat by wide margin less than a week after estimates were cut
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'I was stealing from Peter to pay Paul': Why it’s easier than ever for Americans to fall into this 'invisible addiction'
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China reopening earlier than expected could hit supply chains in the short term, but boost growth in 2023
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Mainland China’s reopening came sooner than expected for investors, and Goldman Sachs warns it will bring a short-term strain in workforce and supply chains.

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U.S. records 100 million Covid cases, but more than 200 million Americans have probably had it
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As the U.S. enters the fourth year of the Covid pandemic, the virus keeps mutating into more transmissible variants, making it even more difficult to control.

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Hong Kong November home prices ease to more than 5-yr low
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Stop complaining, says billionaire investor Charlie Munger: 'Everybody's five times better off than they used to be'
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The billionaire investor can’t understand why people today aren’t more content with what they have, especially after the struggles of previous generations.

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The year of ESG was worse in politics than stock market performance
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ESG took a big political hit this year, but heading into 2023, investors are sticking with a stock picking approach that did about the same as the broad market.

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This company has wiped out more investor wealth in 2022 than Tesla
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BNB Chain now has more unique addresses than Ethereum, developer says
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Down More Than 60%: Analysts Say Buy These 3 Beaten-Down Stocks — They Are Too Cheap to Ignore
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Auto executives are less confident in EV adoption than they were a year ago
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For the U.S., the median expectation for EV sales was 35% of the market by 2030 — down from 65% a year earlier.

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Lucid Stock Rises as It Raises More than $1.5 billion
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The best bang for your buck: These 10-year-old used cars cost less than $16,000 and could go for another 100,000 miles
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A new report identified the used cars with the lowest prices and longest lifespans.

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The stock market is sliding because investors now fear recession more than inflation
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New York City REIT Inc: From $13 to $1.85 In Less Than 12 Months
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