Bring on private jets, billionaires, expensive snowshoes, flashy night parties, and climate change talks over coffee at the World Economic Forum (WEF) in Davos, Switzerland.
The annual event returns to its schedule in mid-January for the first time since the start of the COVID-19 pandemic. This year’s theme: Collaboration in a Fragmented World.
The five-day conference, which begins on Monday, will attract the world’s elite, from politicians to pop stars.
Some of the big names on snow-covered territory will range from veteran Davos CEO Jamie Dimon (Jamie Dimon) (new Q4 earnings released and new interest rate warning) to Qualcomm CEO Cristiano Amon to musician turned investor In tech Will.i.Am .
Salesforce co-founder and CEO Marc Benioff will attend after making the difficult decision to cut 10% of his workforce this month. In contrast to Davos for the spring and summer of 2022, Benioff will be absent as co-CEO — fellow batterymate Brett Taylor recently stepped down to pursue his next endeavor.
The meetings of business’s top minds will come as investors are still feeling the sting of the 2022 bear market and with recession fears due to rising interest rates. The Russian/Ukrainian war is still omnipresent.
“With the conflict between Russia and Ukraine a year away, economies and societies will not easily recover from sustained shocks,” Saadia Zahidi, managing director of the World Economic Forum, wrote in this year’s Global Risks Report, adding that “more than four out of five respondents expected sustained volatility over over the next two years.”
The report also found that the cost-of-living crisis is the biggest short-term risk to society. Long-term challenges, such as tackling climate change and natural disasters – always under discussion at the World Economic Forum – are still up for debate.
In the background, there are likely to be concerns about the outlook for cryptocurrencies in the wake of the FTX crash. And Tesla’s share price drop at the hands of Twitter owner Elon Musk may get some attention at the exclusive meeting.
Yours sincerely, Julie Hyman is on the floor all week with great interviews broadcast 24/7 on Yahoo Finance Live and the YF YouTube channel. Bring your own coffee…and your inventory watch list.
Brian Suzy It is a comprehensive editor and Anchor at Yahoo Finance. Follow Suzy on Twitter @tweet and on linkedin.
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