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NIO is the latest electric vehicle-maker to earn the aspirational label of “Tesla Killer.” However, just two years ago, NIO was almost bankrupt–a common problem in this nascent sector.
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US Beats Sweden 3-2 to Finish World Junior Group Play 4-0
Serena Williams’ Cincinnati Opener Pushed Back to Tuesday
Clean Tech Comes Back Around: Elements by Liam Denning
Peloton’s New Strategy Is Spinning All Over the Place
Biden’s No FDR. He’s Not Even Obama.
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Washington’s Top Labor Prosecutor Battles Whole Foods Over Black Lives Matter Masks
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PwC UK Scraps University Degree Requirement to Boost Diversity
Scotland Becomes First Country In the World to Provide Free Period Products
Surging Inflation Leads to Jump in Britons Needing Free Tampons
Why Charging a Car Needs to Be as Easy as Filling Up With Gas
The Inflation Reduction Act Is a Climate Bill. Just Don’t Call It One.
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Years of Covid School Closures Leave Philippines With Deep Scars
Bitcoin Miners Are in Distress
Crypto Rules Crackdown Looms for $150 Billion Stablecoin Market
Bitcoin Tops $25,000 for First Time Since June Amid Crypto Rally
Rita Nazareth
Stocks slumped, with traders positioning for a hot inflation reading and the start of a key earnings season that may provide clues on whether the economy is headed toward a recession. The dollar climbed.
A selloff in megacaps like Tesla Inc. and Apple Inc. weighed heavily on the equity market — which saw its lowest trading volume of 2022. Twitter Inc. plunged 11% as Elon Musk walked away from his $44 billion deal to buy the company, setting the scene for a legal battle. The euro edged closer toward parity with the greenback, while 10-year US yields dropped below 3%.
