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$NIO Inc. $, a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has completed its previously announced at-the-market offering of American depositary shares , each representing $one$ Class A ordinary share of the Company.Through the At-The-Market Offering, the Company has sold 53,292,401 ADSs and raised gross proceeds of US$2 billion, before deducting commissions paid to the distribution agents of approximately US$26 million and certain offering

The electric vehicle sector is racing higher in early trading as investors drift back into some recently beaten-down names.Gainers include Lordstown Motors, Workhorse Group, Nikola, Canoo, Blink Charging, QuantumScapeand Nio.Positive reports on China EV sales trends and a move by the European Commission to look at banning internal combustion engine vehicles after 2035 could be helping sentiment in the sector.Teslais also tracking higher as Morgan Stanley pitched the long-term upside from the com

Powell says economy 'a ways off' from bond taper.BofA slips as low interest rates hurt lending business.July 14 - The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.Of the 11 S&P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.U.S. monetary policy will offer "powerful support" to the econ

The economy is booming, earnings are rising, and the Federal Reserve is giving unprecedented support. When the stock market sells off, as it did Thursday, the right move was to buy your favorite stocks. Friday’s market action proved that.We are still only in the early stages of what is going to be a three- to five-year bull market in stocks, for these six reasons.Behind the scenes, consumers have massive unspent savings because they hunkered down for the pandemic. The personal savings rate hit n

The S&P 500 rose slightly on Wednesday morning after the S&P 500 ended a seven-day winning streak in

As stock markets continue setting records, fallout from COVID-19 continues to create problems for th