Chinese electric vehicle maker Nioheld its annual Nio Day event last weekend where it unveiled its latest new electric sedan. Though customers appear to be eager to purchase one, Nio stock's continued decline has resulted in a 22% drop in the stock's value over the past month. Today, shares dropped 1.03% and continued to slide 1.34% in extended hours.Nio hasn't put out any company-specific news today, but it introduced its new ET5 electric sedan last weekend, which it hopes will compete with Te
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NIO Stock: What Is the Big Catalyst for Nio Coming on July 9?
As far as EV stocks go, Nio has been one of the go-to choices for investors of late. Indeed, this Chinese EV play has continued to outperform. Shares of NIO stock are now up more than 27% over the past month as investors climb back into growth stocks. Additionally, today’s move of more than 9% higher in NIO stock has brought about more interest in this EV name.Well, the Chinese EV market is absolutely massive. Currently, China hasmore than 40%of the global EV market, sitting just slightly behind
JPMorgan says Goldman Sachs is its top investment banking stock — and picks 7 more to buy
The future of investment banking is changing, and JPMorgan has named eight stocks that it thinks will benefit.“The Investment Banking industry, in our view, is in a much better shape today compared to where it has ever been,” the bank said in an analyst note this week.It sees four primary reasons for that: Lower risk thanks to a shift to more sustainable and less capital-intensive business, higher barriers for entry, more “sustainable” revenue streams and an increasing share of captive wealth m
June jobs report, Consumer confidence: What to know this week
This week's packed slate of economic data reports will include an update on the labor market and new data on consumer confidence, offering fresh looks at the pace and perception of the COVID-19 recovery for many Americans.On Friday, the Labor Department will release its June jobs report. The print is expected to show an acceleration in rehiring and a step lower in the unemployment rate, helping alleviate some of the labor shortages reported across the economy as of late.However, a confluence of