Nio Inc rallies, surfing the bullish current of Wall Street, ignoring Ukraine crisis
NYSE:NIO fell by 6.02% during Wednesday’s trading session. Nio investors aren’t too thrilled with the smartphone rumors. Chinese ADRs continue to sink as further tech regulation could be on the way. Update: NIO snapped a losing streak in a remarkable…
Lordstown stock rallies after report EV maker is poised to sell factory to Foxconn
Lordstown Motors Corp. stock jumped on Thursday after a news report said the electric pickup-truck maker is in talks with Taiwan’s Foxconn Technology Group to sell its factory. Lordstown RIDE, +8.42% shares were recently up more than 7%, poised to end at…
GLOBAL MARKETS-Gold rallies on U.S.-China row, Apple news slams stocks
(Adds close of U.S. markets) * Potential probe of Apple hits red-hot tech-sector * Euro marches higher, dollar slides to almost two-year low * Markets eye escalating U.S.-China tensions * Gold extends gains to new 9-year peak * Graphic: World FX rates in…
Oil Rallies On Promises Of Economic Stimulus
Oil prices hit a four-month high on Tuesday as the promise of major stimulus packages in the EU and the U.S. counter-balanced an increase in COVID cases. Chart of the Week – U.S. liquid fuels consumption is expected to continue to rise in the…