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Chinese electric vehicle maker Nio Inc. (NYSE: NIO) on Friday said September was a record month for deliveries.What Happened: The Shanghai-based company reported delivering 4,708 units in the month, a growth of 133.2% year-over-year.Nio said it sold 3,210 ES6, 1,482 ES8, and 16 EC6 model vehicles.Overall, deliveries increased 154.3% in the quarter ending Sept. 30 over the similar quarter previous year at 12,206, exceeding the company's previously-shared guidance.The company said this brought its total combined sale of the three models to-date at 58,288, including 26,375 this year alone.Why It Matters: Deutsche Bank Securities analyst Edison Yu earlier this week said he expected Nio to post record deliveries in the third and fourth quarters this year, especially on the back of the EC6 sports utility vehicle.Nio began deliveries for the EC6 SUV in late September.Local rival Li Auto Inc. (NASDAQ: LI) reported 3,504 electric vehicle deliveries in September on Friday, as well....
Oct.02 -- With President Donald Trump and First Lady Melania Trump testing positive for coronavirus, how will the diagnosis impact voters at the polls? Bloomberg’s Craig Gordon reports on “Bloomberg Markets: European Open.”...
(Bloomberg) -- U.S. equity index futures fell after President Donald Trump announced that he and First Lady Melania Trump had tested positive for Covid-19, sparking a pull-back in riskier assets and sending the VIX higher.December contracts on the S&P 500 Index were trading 1.2% lower as of 9:15 a.m. in London after falling as much as 2% earlier. Futures on the Dow Jones Industrial Average were down 1.2% and those on the Nasdaq 100 Index down 1.8%. The VIX Index rose to 29, but remained below peaks seen last week. The Stoxx Europe 600 fell as much as 1.2% shortly after the open, before bouncing off lows, still down 0.4%.In a memo released early Friday morning in the U.S., Trump’s physician said that the president and first lady plan to remain at the White House “during their convalescence” and that the medical unit would “maintain a vigilant watch.”READ: Market Watchers Warn...
(Bloomberg) -- European stocks fell with U.S. futures on Friday, while the dollar edged higher as markets took a risk-off turn after President Donald Trump said he had tested positive for the coronavirus.Trump said both he and First Lady Melania Trump have contracted the virus and will now quarantine themselves, adding to uncertainty in the runup to the U.S. presidential elections next month. The CBOE volatility index jumped to a three-week high. The yen, gold and Treasuries, often seen as havens in times of market stress, all rose along with bonds in Europe. Crude oil extended losses.In Europe, precious metals miner Centamin plunged as much as 20% after reducing its 2020 production guidance. The pound reversed a loss on news U.K. Prime Minister Boris Johnson will intervene in the Brexit negotiations for the first time since June when he holds talks with his European counterpart on Saturday.Trump’s diagnosis adds to gloomy...
Tips for servicing brakes as winter driving conditions approach ...
Investors are rattled....
(Bloomberg) -- European stocks fell with U.S. futures on Friday, while the dollar edged higher as markets took a risk-off turn after President Donald Trump said he had tested positive for the coronavirus.Trump said that both he and First Lady Melania Trump have contracted the virus and that they will now quarantine themselves. They were tested after Hope Hicks, one of his closest aides, returned a positive result for Covid-19. The yen, gold and Treasuries, often seen as havens in times of market stress, all rose along with bonds in Europe. Crude oil extended losses.“This is a big shock -- these are completely exogenous events,” David Page, head of macroeconomics at AXA Investment Managers, said on Bloomberg TV. “It’s quite natural to see a bit of risk off.”The news adds to gloomy developments around the virus as big cities once again turn into hotspots. New York reported the most new cases...
