The Nio stock price has staged a strong comeback this year, matching our recent forecasts. It jumped to a high of $5.95 in the premarket, its highest point since October last year and 95% from its lowest point this year. Why Nio stock price is soaringNio share price has staged a…
Existing home sales in the US rose 2% in July, signaling a modest rebound in buyer activity.However, home price growth slowed to just 0.2% for the month, even as inventory levels reached their highest point since May 2020.While affordability remains a challenge, Redfin CEO Glenn Kelman says the housing market…
TikTok is preparing to lay off hundreds of staff in London from its trust and safety department, according to a report in the Financial Times. The cuts come as the UK’s Online Safety Act begins to take effect, imposing stricter requirements on international tech companies to prevent the spread of…
Dow futures surged 150 points on Friday, as traders waited for Jerome Powell’s big speech at the Jackson Hole symposium. Everyone’s looking for clues on whether the Fed might actually cut rates at the September meeting. The market’s been shaky all week and mixed data, stubborn inflation, and plenty of…
A New York appeals court on Thursday overturned a $464 million fraud penalty against US President Donald Trump and his company, handing him a significant legal and financial victory. The decision, issued by a five-judge panel in Manhattan, found that while Trump broke the law by inflating the value of…
The US Treasury has completed one of its largest bond buybacks in history, repurchasing $4 billion of government debt this week. The move, announced on Wednesday, was aimed at boosting liquidity in the financial system at a time when investors are awaiting clear signals from Federal Reserve Chair Jerome Powell’s…
McCormick & Company, the spice, seasoning, and sauce company based in the United States, announced on Thursday that it will acquire an additional 25% ownership stake in its long-standing joint venture with Grupo Herdez (HERDEZ.MX) in Mexico. The $750 million purchase will increase McCormick’s stake in the company to 75%…
Elon Musk and his social media company, X Corp, have reportedly reached a tentative deal to settle a lawsuit from former Twitter employees seeking $500 million in severance. The dispute goes back to Elon Musk’s 2022 takeover of Twitter, now rebranded as X when roughly 6,000 employees were let go.…
Despite claims from the Trump administration, major Japanese automakers have not increased prices in the US in response to imposed tariffs, according to a CNBC report.This strategic shift follows a recent report by Nikkei Asia, published on Thursday, which revealed that Japanese automakers are now “passing some of the expense…
The “tech war” between the US and China has not stopped. But you won’t find the latest updates in press conferences or server halls. You will find them in factories and power grids.The United States still owns the frontier in models and money. China sets the price of the hardware…