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Sept 1 (Reuters) - Star investor Cathie Wood's funds scooped up $56.5 million worth of shares in Zoo

Share of Nio Inc. $$ shed 3.52% in premarket trading Friday, after the China-based electric vehicle maker disclosed the offering of 1.68 million shares by selling stockholders.In and S-1 filing with the Securities and Exchange Commission late Thursday, Quasar Energy Partners LLC, Philipp Brothers Fertilizer LLC and Little Brothers LLC are selling off their entire stakes in Nio, totaling 1,682,267 shares, representing 0.4% of the shares outstanding and valued at $77.5 million at Thursday's closin

$NIO Inc.$ was up over 2% in premarket trading. Days ago Nio subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.What Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan and bring in investors, as per the report.Nio’s subsidiary Weiran Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million .Weiran is wholly owned by XPT, NIO's motor bus

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

JPMorgan drops amid low interest rates U.S. consumer prices surge in June Boeing slips on new produc

BEIJING, July 9 (Reuters) - China's central bank said on Friday it would cut the amount of cash that