Nestle’s shares dropped nearly 3% as the markets opened on Tuesday after the Swiss food and beverage giant dismissed its chief executive, Laurent Freixe, following an internal probe into an undisclosed relationship with a subordinate.However, the stock was able to recover some losses by 10 am, and was down by…
The Nio stock price rebounded in Hong Kong and in the premarket after the company published strong delivery numbers. It jumped to a high of $6.50, up by 120% from its lowest level in April this year, making it one of the best-performing companies in the EV space.Nio deliveries are…
Tesla Inc.’s entry into India, one of the world’s fastest-growing auto markets, has turned out to be slower than anticipated. Since opening sales in mid-July, the electric vehicle maker has received just over 600 confirmed orders, according to people familiar with the matter. The number, which falls far below Tesla’s…
Opendoor stock price has surged in the past few months, moving from the year-to-date low of $0.5035 in July to $4.45 today. This surge has transformed its market capitalization from over $350 million in June to $3.27 billion today. Why the Opendoor stock price has surgedThere are three primary reasons why…
Great Britain’s pub industry is facing a severe crisis, with an estimated 378 pubs projected to close in 2025 across England, Wales, and Scotland, leading to over 5,600 direct job losses, according to the British Beer and Pub Association (BBPA).Great Britain is projected to see a pub closure every day…
More American workers are testing positive for fentanyl in randomised workplace drug screenings, a report by The Wall Street Journal said, which brings to the fore the persistent challenges the opioid epidemic poses for employers.The rate of positive urine tests for fentanyl reached 1.13% in 2024, up from 0.91% in…
Nio Inc. posted some solid earnings in the second quarter in fiscal year 2025, with vehicle sales and revenue soaring well, in a good sign for the company.Making steady profits is still tough, though, even if losses have come down a bit from before.Analysts are happy to see more cars…
China’s electric vehicle (EV) sector recorded a strong rebound in August as sales recovered from a mid-year slump, as per a CNBC report.Leading automakers BYD, Nio, Xpeng, and Leapmotor posted delivery records following a challenging period of price cuts and intense competition. The upturn signals renewed demand after months of…
Klarna Group Plc and its shareholders are making another push into the public markets, aiming to raise up to $1.27 billion with a revived IPO in New York. The company had delayed its earlier attempt because of market volatility earlier this year, but renewed investor confidence and strong recent tech…
Dow futures slipped about 300 points on Tuesday as investors pulled back ahead of key US economic reports this week, including the August jobs numbers. Rising long-term Treasury yields and a recent court ruling on Trump-era tariffs added to the nervousness. August had been a good month for stocks, but…