Chinese EV maker Nio raises a lot more than $700 million in cash injection from Abu Dhabi

Chinese EV maker Nio raises a lot more than 0 million in cash injection from Abu Dhabi

Key Points

Chinese electric powered car or truck enterprise Nio declared Tuesday it been given $738.5 million in new funds from a fund owned by the Abu Dhabi government.
The offer was priced at $8.72 a share, a release claimed. That’s 6.7% down below wherever Nio’s U.S.-stated shares shut Tuesday.
In the last many months, Center East traders have progressively seemed for chances in China, especially in electrical automobiles.

Supply

Finance

Insiders at UnitedHealth are scooping up tarnished shares

May 16, 2025

Key Points UnitedHealth Group saw some of its insiders step in and purchase declining shares this week. Kristen Gil, a director at the firm, bought 3,700 shares worth roughly $1 million on Thursday. Shares of UnitedHealth plunged nearly 11% to $274.35 on Thursday following a report in The Wall Street Journal that the Department of Justice […]

Finance

Federal Reserve will reduce staff by 10% in coming years, Powell memo says

May 16, 2025

U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including […]

Finance

Stocks making the biggest moves midday: Applied Materials, Novo Nordisk, Cava, Vistra and more

May 16, 2025

Check out the companies making headlines in midday trading. Applied Materials — Shares of the semiconductor manufacturer dropped 6% after Applied Materials posted disappointing fiscal second-quarter revenue. The company’s revenue of $7.10 billion was below the LSEG consensus of $7.13 billion. Semiconductor revenue of $5.26 billion also disappointed the $5.31 billion analysts were looking for. […]