Nio Inc. (NYSE:NIO) saw its shares soar to record highs in 2021, fueled by low interest rates, the rise of commission-free trading platforms, social media buzz, and… Source link
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The Ford Mustang GTD, a formidable supercar engineered for the track, is poised to redefine the boundaries of American performance. Equipped with a potent supercharged 5.2-liter V8 engine and advanced technology, this machine is set to conquer the legendary Nurburgring Nordschleife circuit with an audacious goal: completing a lap in under seven minutes. Such a feat would not only shatter existing records but also establish a new benchmark for American automotive prowess. The Mustang GTD’s exceptional power and handling characteristics are a testament to Ford’s engineering expertise. Its aggressive design, coupled with cutting edge features like a drag reduction system,…
By Rahul Trivedi BENGALURU (Reuters) – The South Korean economy likely returned to growth last quarter after a mild contraction in the prior quarter thanks to an export-led expansion that offset higher borrowing costs squeezing domestic demand, a Reuters poll found. After an unexpected 0.2% contraction in the April-June quarter, Asia’s fourth-largest economy was projected to have grown a seasonally adjusted 0.5% in the third quarter, according to a median forecast from 23 economists. On an annual basis, the economy expanded 2.0% last quarter, according to the median forecast of 26 economists polled Oct. 15-21, down from 2.3% in the…
Swedish motorcycle manufacturer Husqvarna has recently revealed its 2025 EE 5 electric minimoto, joining its sibling KTM in the electric mini moto market. This latest iteration of the EE 5 builds upon the model’s success since its introduction in 2019, offering young riders a thrilling and eco friendly platform to enter the motocross world. Powered by the same 907 Wh lithium-ion battery and 5 kW electric motor as KTM’s SX-E 5, the EE 5 delivers comparable performance to a 50cc combustion engine. A significant upgrade for the 2025 model year is the inclusion of a water cooling system for the…
General Motors may have clinched the top spot in the US automotive market for the first three quarters of the year, but its sales performance has shown signs of weakening compared to the previous year. While competitors like Toyota and Ford have seen growth, GM’s Chevrolet division has struggled, particularly in the passenger car segment. This downturn has raised questions about the automaker’s ability to capitalize on the growing demand for mid size SUVs. While Jeep, Ford, and Toyota have introduced popular rugged models in this segment, Chevrolet has yet to present a direct successor to the iconic K5 Blazer.…
(Reuters) -A trio of Federal Reserve policymakers on Monday expressed support for gradual U.S. interest-rate cuts, citing the strength of the economy and an uncertain outlook. The remarks — from Kansas City Fed President Jeffrey Schmid, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan — feed into what’s expected to be a broad debate of the appropriate path for policy at the Fed’s upcoming policy meeting, on Nov. 6-7. After Friday, U.S. central bankers will observe a communications blackout — abstaining from any public comments on their monetary policy views — until the Fed announces its policy…
They clearly took one analyst’s bearish new research note to heart. American Express (AXP -2.19%) stock wasn’t putting any investor on the fast track to wealth on Monday. The market continued to be bearish on the credit card company following its Friday morning release of third-quarter results, and news of a bearish new research note didn’t help. Ultimately, AmEx’s shares closed down by more than 2% on the day, comparing not so favorably to the S&P 500 index’s 0.2% dip. The bears continued to growl AmEx’s quarterly performance wasn’t bad at all, with decent year-over-year rises in both revenue and…
Electric vehicle makers are facing multiple headwinds, including slowing demand due to macro pressures, intense competition, and additional tariffs on imports by certain countries. Nonetheless, Wall Street is optimistic about certain EV stocks due to their resilient performance in a tough business backdrop and improving financials. We used TipRanks’ Stock Comparison Tool to place Nio (NIO), Li Auto (LI), and Tesla (TSLA) against each other to pick the EV stock with the highest upside potential, according to Wall Street analysts. Shares of Chinese EV maker Nio are down more than 42% year-to-date even after witnessing a solid rally in September…
Despite its failed car project, Apple’s ambitious venture into the automotive industry left a lasting impact on the electric vehicle world. The company’s partnership with BYD, a little-known Chinese automaker at the time, proved to be a pivotal moment for both companies. BYD, leveraging Apple’s advanced battery technology and design expertise, rapidly emerged as a global leader in electric vehicle manufacturing. The partnership between Apple and BYD was more than just a business arrangement; it was a collaboration that pushed the boundaries of what was possible in battery technology. Apple’s deep understanding of product design and its commitment to innovation,…
Leslie J. Kilgore, a director at Netflix Inc. (NASDAQ:), recently sold shares of the company’s common stock valued at approximately $273,870. The transaction, which took place on October 18, involved the sale of 358 shares at a price of $765 each. The sale was part of a pre-arranged trading plan under Rule 10b5-1, which Kilgore adopted on January 29, 2024. On the same day, Kilgore also exercised options to acquire 358 shares at a price of $174.74 per share, totaling $62,556. Following these transactions, Kilgore holds 35,262 shares of Netflix common stock. In other recent news, Netflix has been the…