NIO Deliveries Hit a Record After a 125.7% YoY Jump in September
(NIO Inc) NIO Inc.’s deliveries for September 2021 hit a record 10,628 vehicles, up 125.7% year over year. The deliveries comprised 1,978 ES8s, 5,260 ES6s, and 3,390 EC6s. On a…
Bed Bath & Beyond Posts a 26% Fall in Q2 Revenue on Softer Store Traffic
(Bed Bath and Beyond) Bed Bath & Beyond Inc. reported net sales of $1.982 billion in the second quarter of 2021, a 26% decline from $2.688 billion from the prior…
Affirm Seeks “Super App Status” in Growing Buy Now, Pay Later Industry
(Bloomberg) Affirm Holdings Inc. is vying to become a one-stop-shop by debuting a debit card and allowing customers to trade digital assets directly from the company’s savings accounts. Affirm CEO…
Micron Registers More Than $2.0 Billion Jump in Revenue in the Fourth Quarter
(Micron) Micron Technology Inc. posted revenue of $8.27 billion in Q4 2021, an uptick from $6.06 billion in the comparable quarter of 2020. The revenue was an increase from $7.42…
Big Tech Stocks See $200 Billion Wiped Out on Tuesday
(Bloomberg) More than $200 billion worth of market value was wiped out in early trading on Tuesday as investors were lured by rising bond yields. Apple, Amazon, Nvidia all posted…
FactSet Reports a 7.4% Jump in Q4 2021 Revenue. Issues FY22 Guidance
(FactSet) FactSet announced a revenue of $411.9 million in the fourth quarter of 2021, up 7.4% or $28.3 million from the same period last year. Annual Subscription Value and professional…
TotalEnergies and China Three Gorges to Form a JV in China’s Electric Mobility
(TotalEnergies) France’s TotalEnergies and China Three Gorges Corporation have signed an agreement for the establishment of a joint venture in China electric mobility. China Three Gorges’ affiliates CTG Capital and CTG…
Ford and SK Innovations Partner in an $11.4B Electric Vehicles Investment
(CNN) Ford Motors Corporation has partnered with South Korea’s SK innovations to construct two massive electric vehicle manufacturing plants for $11.4 billion. Ford Executives have said that the truck and…
Alibaba Yields to Beijing Pressure by Welcoming WeChat on Its Apps
(Reuters) Alibaba Group Holdings Ltd has opened its payment services to Tencent Holding Ltd.’s WeChat on several of its apps. Video service Youku and food delivery Ele.me are some of…
Rolls-Royce Jumps on News of Sale of ITP for $2 Billion
(Reuters) Rolls-Royce shares went up more than 10% to 146 pence on news it had agreed to sell its Spanish unit ITP Aero for 1.7 billion euros or $2.0 billion.…
Medtronic and Apollo Hospitals Announces Robotic-Assisted Surgery Breakthrough
(Medtronic) Medtronic Plc. and Apollo Hospitals Group performed the first clinical procedure in Asia-Pacific using the Hugo™ robotic-assisted surgery (RAS) system. The robotic prostatectomy was done at Apollo Hospitals in…
Korean Media Stocks Jumps After Netflix’s ‘Squid Game’ Spark Investor Interest
(Bloomberg Quint) The new Netflix thriller series ‘Squid Game’ has sparked interest among investors who have since gone bullish on Korean media stocks. Fig: Showbox and Bucke Studio Stocks Stocks…
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