Investors want to see electric vehicle sales grow despite headwinds such as a slowing economy. Chinese electric vehicle manufacturer NIO , Li Auto and XPeng gave them what they wanted. On Saturday, NIO (ticker: NIO) and XPeng (XPEV) reported March delivery numbers. Li Auto (LI) briefed investors late on Friday, March 31. Together, the three … Read more
Bed bath & beyond Inc. said it will try to sell up to $300 million of common stock on the open market while terminating a fundraising deal with hedge fund Hudson Bay Capital Management LP in the troubled home goods retailer’s latest effort to to avert bankruptcy. The Union, NJ-based company broke its deal with … Read more
AMC shares rose Tuesday amid rumors Amazon could bid for the movie theater chain, and was poised for more gains on Wednesday. Exuberance – this is a “meme stock” after all – is understandable, but investors need to see what Amazon stock is doing. That is to say: very little. Amazon (ticker: AMZN) lost 0.8% … Read more
AMC shares rose Tuesday amid rumors Amazon could bid for the movie theater chain, and was poised for more gains on Wednesday. Exuberance – this is a “meme stock” after all – is understandable, but investors need to see what Amazon stock is doing. That is to say: very little. Amazon (ticker: AMZN) lost 0.8% … Read more
Shares of Micron Technology were slightly higher at the end of trading on Tuesday after the memory chip company posted financial results for its fiscal second quarter, which ended March 2, that were roughly in line with expectations as a weak market for PCs and smartphones continued to weigh on the company’s results. Micron also … Read more
Ford Motor finally gave investors a glimpse into the electric vehicle start-up it was hatching into its 119-year-old self. While the stock’s decline suggests disappointment, there’s more to appreciate than the market is admitting. In 2022, Ford (ticker: F) announced that it was rebalancing itself and would henceforth report separate results for its traditional automotive … Read more
